Sharpen Your Trading Skills w/ Trading Legend Ross Haber

I'll be uh I'll be rolling corners in my minivan when it's negative -20 and icy on the roads trying to get back before market open.

>> All right, TSDR got the uh the recording is uh is started so we can get started here.

>> All right. Hey, thanks for coming in guys. Um we we have the great pleasure

guys. Um we we have the great pleasure of having uh Ross Haber on uh this evening uh for for an interview over

over the past a couple years now. Um we

you know Roco, you you started reaching out and and and DMing uh traders and saying, "Hey, do you want to come on and and talk?" And you know, we've just been

and talk?" And you know, we've just been blessed about uh and and grateful for how many people are are so willing to come on and and talk to talk to people about their their knowledge that they've gained throughout the years, their

experience, their current market thoughts, recent trades, and uh you know, drop some uh drop some wisdom on us that that hopefully we will be able to pass on throughout the years um uh to

people that you know, listen us. So, um

thank you, Ross, for coming on. Um why

don't you uh why don't you you know tell us a little bit about yourself? We've

been talking um you know to >> Yeah. You know so I'll tell you I'm I'm

>> Yeah. You know so I'll tell you I'm I'm luckier than I am smart started in the business as a retail broker where the the first book they gave me to read before the series 7 was how to make money in stocks by William J. O'Neal.

Right. So I the guys in that office use that book to pitch stocks to people. Um

I um from long story short, a retail customer introduced me to called me up one day and said, "How'd you like to go work for William O'Neal and company in

California, right?" And we we she was a

California, right?" And we we she was a William O'Neal fan and we had been talking Canlim for, you know, quite some time being that that's what that office did and so so on and so forth. And it,

you know, I hit it off with the manager of institutional sales. We became great friends. Um,

friends. Um, I long story short, Jackson, who you know, >> I do the TML talk with, his father was my first hedge fund client in

institutional sales. We became very good

institutional sales. We became very good friends. He hired me away. I came in to

friends. He hired me away. I came in to resign to go run the fund with him. and

you know thinking I was going to get walked out by compliance, Bill came in, sat me down in the conference room and um offered me a position to stay and manage money at the firm. And Jackson's

dad being, you know, being the guy that he just wonderful guy. He's like,

"Listen, you can't turn that down. You

have to take that door's always open."

And so he's been one of my best friends ever since. I stayed at O'Neal. I built

ever since. I stayed at O'Neal. I built

a track record. As you know, I was like, you know, at the time, he would pick someone to do the workshops with him. Um, so I hate public

speaking. So I say fortunately he picked

speaking. So I say fortunately he picked me because it was so helpful to everything that I know to have to, you know, put it together and teach, right? He do

dailies. I do weekly weekly charts, but I would, you know, public speak. I get

up shaking. It's, you know, so >> this with Bill's with Bill O'Neal.

>> Yes. I used to teach the the IBD workshops with them. We used to do it like once a month somewhere in the country, right? So for a full day long

country, right? So for a full day long he would I he was weekly guy. I was

daily guy. We do questions at lunch, right? So, it's you I used to complain

right? So, it's you I used to complain when I had to do it and now, you know, I obviously look back at it and go, "Wow."

You know, one of the greatest things I've ever done, right? You know, that's my mentor. I want And what the one thing

my mentor. I want And what the one thing I've noticed what Bill does at work, he goes out of his way to make sure everyone has that skill. It's amazing

from the new just I won't go on and on and on about Bill O'Neal, but he he really made an effort to make sure everyone around him that could possibly,

you know, understand what he was doing understand it, know it. And, you know, even at William O'Neal and Company when I was there, it's probably about a thousandish people. It's a big campus

thousandish people. It's a big campus and I'm telling you, everyone all the way down to the newspaper salespeople got to sit with and listen to Bill and learn Can Slim and trading was encouraged. So when I tell so that's why

encouraged. So when I tell so that's why I say luckier than I am smart right I listen I did undergrad at University of Florida you know business um I did uh what is it finance and real estate as

it's not really a double major it was a few extra classes to get the real estate major with finance eco minor you know three and a half point nothing

spectacular I was far from validictorian and uh I'll be honest with you I hated doing sales and retail sales and before I knew, you know, three and a half, four years later, I was managing

money for Bill O'Neal. So to me, you know, I'm 28 years old and just, you know, my head was spinning. It's still one of the best

was spinning. It's still one of the best experiences of my life, right? So I I built a good track record there and uh very fortunately one of the so one of

the Fidelity is everyone's biggest client, right? That's an institution.

client, right? That's an institution.

So, Fidelity's huge um client of William O'Neal Institutional and their midcap growth fund manager used to talk to um the manager of

institutional the manager of institutional sales who was a good friend of mine. Long story short, he called him one day and said, "Hey, look, I'm I'm going to run my own fund. I'd

love you to, you know, to come be my chart guy, if you will, right?" and he said, "I'm not interested, but I've got someone who might be." And he introduced

him to me. And again, you know, luckier luckier than I am smart. I got

introduced to, you know, to this guy. I

went and met him in New York and, you know, we're still friends to this day.

We had a we had a we had a good run at it. We ran a fund for six years in New

it. We ran a fund for six years in New York and then he just retired to go he's older than me and he had he was working on his ninth kid, so he was more interested in family than anything else.

And uh I've since then I've just been managing my own money. Um there was a point where I was doing a newsletter, but I had no following on Twitter, which I didn't realize was literally a

requirement if you plan on selling a newsletter uh for for the stock market.

So um and long story, I keep saying that I ran into Ry and I Ry and Nick were running a chat room. I was writing my newsletter. We had switched

newsletter. We had switched subscriptions. And so when I came to

subscriptions. And so when I came to them and told them that I was turning off the newsletter because I couldn't stand Twitter and I needed to grow Twitter and it was my I'll tell you I for me it's more stressful to have to

come up with a tweet that I feel like is valuable to someone than it is for me you know to deal with a three and a half% you know gap down go down in the market type of day like Twitter makes me

sweat no joke >> I just follow my rules used to it now right so >> um so yeah then I got together with Ryan and Nick and we morphed Trader Lion into

what it is today probably starting in 2017ish, right? And uh yeah, and then

2017ish, right? And uh yeah, and then Deep You started a few years ago. And

so, knock on wood, everything so far so good. The market's been pretty kind and

good. The market's been pretty kind and uh we have a lot I I love my business partners. We have a lot of fun working

partners. We have a lot of fun working together, you know. Knock on wood. I can

I'm the old guy. I'm I'm happy the the young guys keep me around, you know.

Well, we got we got to talk to Nick and and he sp he spent a lot of the time talking about how how grateful um he is and and was to have connected with with

you and he he said w with without your validation if you will uh you know he's not he's not sure that actually he said no that it wouldn't be what it is today.

And you know and for me again you know I said this is selfish I you know I I just wanted to talk talk to you and uh and and get the get your you know experience and knowledge and story um and and for

that I am also grateful I I believe trader lion is one of the most like modern day most valuable resources that exist the the the videos and the content

um throughout the past uh seven and eight years is is just incredible and um making a huge impact on people's lives.

the question I was going to ask following up about the um kind of uh in uh institutional background to now you know just managing your own money and trading. Um what is what is one of the

trading. Um what is what is one of the main differences um because for example a lot of people you know like like like me have never uh experienced that side

of the uh market participation from the institutional side. What is something

institutional side. What is something that that you think is like majorly important to know or something that is very valuable about that side of the

market that most of uh individual investors might have no idea about or something that is impactful uh uh that you learned on the institutional

side that you know could help someone who's you know 22 25 now you know trading on Robin Hood from their from their dorm room or something.

>> I I'll be honest with you. I mean

strictly from the institutionals, you know, the the thing the only thing I learned was, you know, the size difference, right? Right. You know, Bill Bill talks

right? Right. You know, Bill Bill talks about the size problem. I learned that you can double a hundred $200 million relatively easily. Once you

get up to five or 600 million, it becomes wholly more difficult, especially if you're using margin and it's whipping around. You know, I I learned the very hard way a couple times what it's like to be in a to buy a

basket of stocks that are too thin to be buying and the market's falling apart and you need to sell, you know, $1.4 billion dollars of stock and it's just a night, right? So, I mean, really, that

night, right? So, I mean, really, that that's the thing that I learned and that's what ultimately pushed me into mixing Stan Weinstein's methodology with

Bill's methodology. So I I I had to

Bill's methodology. So I I I had to learn to cheat my way in early kind of thing to be able to build positions and maintain the O'Neal philosophy including

the risk management. All I've really changed is um where I you know where I take my entries and it it's so the funny

thing is this Stan and Bill so much of their philosophies overlap and then some of the biggest key things are in are polar opposites and and the the that one

big thing is and I always say this and not always but Stan like what Stan is buying as it moves from stage one into stage two as a stock puts in its bottom

Right. Bill will tell you that's junk

Right. Bill will tell you that's junk off the bottom. And you know, I've talked to Stan for I've known Stan for a very long time. I I went I went to high

school with his daughter. So I you It's funny. You know, I go visit Stan at his

funny. You know, I go visit Stan at his office. His wife is there. Oh my gosh.

office. His wife is there. Oh my gosh.

You know, the first time I went in a long time, you know, she hasn't seen me since high school and here I was at, you know, probably 49, 50, you know, a few years ago. So very funny. And you know,

years ago. So very funny. And you know, I see his daughter there last time I was there. So, we've got and so I'm very

there. So, we've got and so I'm very lucky I got to talk to Stan and he's the when I'm pressing stocks at highs that look ridiculously extended, he's going to be

he's going to tell you you're crazy for holding on to what I would hold on to for much longer than he typically would type of thing. So, you know, um but otherwise

I've been able to meld the two in in a in a beautiful way, right? We we joke around at Trader Line, you know, call it Stan Slim, right? It's the entry and can slim everything else really. But Stan

will also tell the earnings matter, group rotation, um relative strength, all of that. It's it's all very similar to Bill's um techn technicals except

stands buying, you know, stage one into stage two off the bottom. Whereas Bill's

optimal spot is, you know, that base breakout within 15% or so from the high on the left side of your consolidation, whatever it may be.

>> That that is that is very interesting.

That that that stands slim. Um

>> yeah, you know, and when you're smaller, you get away with, you know, in a good market, you get away with buying breakouts, buying strength, the market clean. If you got bigger positions, you

clean. If you got bigger positions, you know, that you that you're trying to establish over time, especially if you want to pyramid in. So you can manage risk. Yes, starting starting early up

risk. Yes, starting starting early up the right side is has been my my thing.

But you know from big to small, you know, re from institutional retail, I think the retail guys have the benefit.

Uh if you're into fundamental research, see that's the point at that's where I think the Bill O'Neal makes. I don't

care about the street research. I have

my own opin. I'd rather not have it anyway. Um

anyway. Um >> yeah.

And the guys that I, you know, I know, fund managers, you know, that their big thing is earning season. They build

models in in Excel and it's all about those numbers. Um, I would tell you

those numbers. Um, I would tell you this, Bill O'Neal will tell you if you ask him between fundamentals and technicals which are more important, he'll tell you

it's 70% fundamentals, 30% technicals.

So, you know, all the cup and handles and, you know, relative strength in the world, at the end of the day, it does have to be, you know, what he would consider an institutional quality stock.

You know, not a not a penny stock that trades OTC or something like that. And it, you know, those earnings and sales are are hugely important. the way you know so I

hugely important. the way you know so I think the re retail trader has the benefit because you know he what he did was the st he studied the biggest winners um in each market cycle and

figured out the most common characteristics among them on the fundamental side which is you know current earnings and sales annual earnings and sales that you know new I

won't go through it all but the whole tan slim thing um at the end of the day right all of the big analysts for example example, David,

my old hedge fund partner. He came from Fidelity. He learned from a guy named

Fidelity. He learned from a guy named Jeffrey Vinnick who who was a he, if you can Google him, he's um he was kind of a hot shot manager of the Fidelity Mellin

fund when I was still young. So, he

learned from him. It was very cool. Jeff

actually invested in in our fund while we were running it. So,

>> cool.

Um, I would say that >> Peter Lynch ran the maj Peter Lynch.

>> Yeah, but before Yeah, I would imagine before, right? Peter. Yeah, I don't

before, right? Peter. Yeah, I don't remember before or after uh Jeff Finnick, but yeah, Jeff.

>> Yeah, >> I was just making sure I've got I've got it. I've got the the the funds right.

it. I've got the the the funds right.

Um, >> yeah, that fund. Yo, no, it's it's the big, you know, it's the big the big the Mellin fund at Fidelity. It's the big one. Yeah. So, he learned from the guy

one. Yeah. So, he learned from the guy that did had had a good or one of the gentlemen who was running that fund and did a really good job.

>> The one that that that Charles Harris says he first his first uh suare into the market was buying the the top day.

>> Yeah. Yeah.

>> I just we just got to see his uh interview with Investors Underground uh over over this this weekend.

>> Gotcha. Gotcha. Yeah. He tells it like that. Let me tell you I was uh it's

that. Let me tell you I was uh it's funny in the very beginning you know Mike Webster and I shared an office as portfolio managers Charles started shortly after that and you know when the mark after the market top bill keeps you

busy doing research workshops doing re so we were and at that time it was still very analog we were on you know those big giant screens that you know with with the tubes

there's if you wanted to yeah I mean it you you had to have you to have a double screen was quite you know, double flat screens then. They weren't thin. They

screens then. They weren't thin. They

were the big heavy. I don't know if it maybe you're too young, but yeah, it was that that long ago. And we were pulling books down from dusty archives and doing

going through and looking at stuff and typing it all into this fridge. So, yes,

um I work closely with Charles. Um and

let me tell you, I've watched that guy come into some some, you know, into some meetings like sweating.

You know, he's a he looks, you know, he looks so non-threatening and cons. It's

just so funny. He is a sweetheart. Love

Mike and Charles, but let me tell you something. Charles is an absolute

something. Charles is an absolute cowboy. Yeah. So,

cowboy. Yeah. So,

>> I love it.

>> Yeah. Listen, his mental the ability to come to to stay calm and come back is unbelievable. I know if that's an

unbelievable. I know if that's an unbelievable skill. So, yeah. um with

unbelievable skill. So, yeah. um with

with with all all the people that that that you've um tra traded with through throughout the years and you can include yourself

uh in this category. Who is um who's the best?

>> I think the newer young I think the young guys are on the right. I think you know other than the big names that we already know. I mean you know David

already know. I mean you know David Felman is my my old partner. He's done.

He's retired, but he's a secret monster.

But yeah, so he But honestly, I would like I think I might have told you this before. You know, he he probably doesn't

before. You know, he he probably doesn't believe me when I tell him. I don't know if he knows he's this good. If I could give all my money to someone right now, it would be Ry a meet Ry, my business

partner.

>> That that is uh that's quite quite the endorsement. And what makes him so

endorsement. And what makes him so special?

>> Other than that, I I've just watched him over the last eight years or so. And it is absolutely unbelievable. And I mean, the the

unbelievable. And I mean, the the performance he puts up consistently year after year after year while he's doing, you know, and this was going on in a big way, you know, while he was still

finishing his masters and running the electric grid for Calgary and yada yada yada. and he you know it what he manages

yada. and he you know it what he manages to get done in a day not to mention his insane you know performance m I don't know how he does it all right um I

always joke with him on you know ry right like he has a AI in his name it's not fair right because he he makes me feel slow and stupid anytime I you know

there's just so yeah I'm I'm convinced he was coding already in the womb and he has figured figured out what works for him,

develop the discipline and it's amazing.

That's all I So, I think it's these newer young younger guys. I mean, you can go through the the USIC. I mean,

let's let's back up to Christian Qualagi. I don't know if how to

Qualagi. I don't know if how to pronounce it well. Well, how do you get Hello. That guy's shows you live five

Hello. That guy's shows you live five grand into a hundred million. Hello. I

mean, how do you beat that really?

There's >> and he show he'll show you how to do it and you could probably ask him a question on Twitter and you might you know what I mean? That's amazing to me.

The guy Oh, I'll tell you who else who I think is just a giant stud and has an incredible like uh me the mental um

toughness and mindset is Mark Minervini.

>> Total rockstar. End of story.

>> Yeah. So,

>> you gonna you're gonna connect us with u Mr. with Mvini to have him come on next time?

>> Uh, you never Hey, you never know. You

never know. Um, I I >> I you know, let me send him a text. I'll

uh send I'll send him a link to the podcast. We'll see if he's interested.

podcast. We'll see if he's interested.

You never know. He might be willing to to come on and chitchat. He's Yeah, he he's uh Yeah, like I say, he's to me, he's he's the greatest, but he makes himself available. So,

himself available. So, >> that that that he does. I've been trying to get Charles Harris for quite some time, but I I just can't seem to get a response out of him. It's tough to get a hold of him. I don't blame him, though.

>> He's busy. He's He He's got a good social schedule. He makes me look like

social schedule. He makes me look like nothing, man. Let me tell you, he's got

nothing, man. Let me tell you, he's got it going on. Charles,

>> awesome.

>> I'll have to give him a hard time for you guys. And, you know, we'll send him

you guys. And, you know, we'll send him a link, too. And uh I can give Charles a little bit of a more more of a hard time because I you know, we've >> each other for years. Yeah. No, I'm

fortunately Mark has made himself a you know I've I've had some I've met Mark a few times for uh for a meal and we've been in touch on the phone and whatever. So yeah, I'm

definitely one of his fanboys is you know as much as you of like the older guys to me he's like >> oh yeah I mean

>> um I've I've got Buck Book sitt sitting right here um his >> his risk management uh that that that he is just so like per I hate to say

perfect but perfect at is just um astonishing. Um, and

astonishing. Um, and yeah, uh, I this I'm just so grateful

for the just the the the passion for trading and for the markets of, um, how accessible um, everyone is to to to talk

about about their experiences and to to pass on the knowledge. um you know so maybe maybe someone else learns it a little bit softer even though that you know that everyone has to learn it in

their own hard way of course um but >> I I learned the hard way if you you know learn it I I started off with I I beat my account up a few times um

>> the the biggest was being 80% long one of those biotech stocks that was moving you know 100 120 points at a time didn't put in a stop you know it was 1999 I I

couldn't bring a quote with me. I went

into a a meeting and I came out and the thing was just annihilated. I had wiped out a an account pretty good and had to start over again, right? And there was another time where I had I had, you

know, death by a million cuts, but nothing like I had, you know, was more of a me. So, I I went through two, you know, significant draw down periods before I really started to perform

consistently. And then once I'll be

consistently. And then once I'll be honest with you, once I got my risk management down and disciplined, I've never had I've never had another

debilitating draw down even near you near that since. Um so yeah, and I'm I guess like Mark, I do everything from a a riskmanagement perspective. If I don't

have a a tight logical stop, I don't have a trade. It's just that simple. I a

lot if I if I have to. What does that look like in maybe um uh maybe a two different examples like one obvious you know the I know we talk the the like tariff draw down uh and if that's not

relatable maybe like uh something like like COVID maybe or and then secondly what does that look like during a normal and natural pullback to the 50-day

moving average like we just had uh back at the end of August um in kind of managing some of those uh periods in the market.

>> Right. So come I wasn't doing like I said I wasn't doing much but I I will tell you this I was sitting on the phone with Jackson um when this happened here we were actually on the I was on the

phone with him and his dad just happened to walk into his office at the you know so it was the three of us you know we all and and and we all called it were like there it is pull back to the 50-day

shake count you know and it was a volatile day it wasn't any and let me tell you it hasn't been Um I finally right so and this is when I

finally started participating again and like get it's very it just worked out that way so I remember pretty well I was still like you know melding back in and

I kind of missed Tesla was I will always >> re I don't believe I'm late right so when I'm look at the market now I believe we have mega potential left so I'll always I don't care I'll sit and

catch and cash and watch stuff go up without me. I know the opportunity of a

without me. I know the opportunity of a lifetime comes every other day in the stock market. I've you know I used to

stock market. I've you know I used to drive myself crazy when I was younger.

Um so if the So there's a rule, you know, what it I I would be willing to I don't know. I I was in cash already, but not

know. I I was in cash already, but not because my system pushed me to cash or I had, you know, made a whole bunch of I've got no story except that I've been sitting in cash largely until I guess

that conversation with uh I just happened to remember with Jackson and his pop popped popped popped in the office. So, it was over their speaker

office. So, it was over their speaker phone and um I really didn't start making a good progress until here though to be quite honest with you. I I got chopped up in

here for whatever reason and I finally started making some good progress again over um the last few weeks. So I always hope that let's say I was in I have very

specific sell rules that push me out of my stocks. I don't I don't ever have

my stocks. I don't I don't ever have targets on the upside. I have um more general rules and I have you know and depending where a stock is stage one

stage two stage three not not Stan Weinstein but Bill O'Neal like as we're getting toward like I have very specific rules both quantitative and qualitative

that will get me out and normally I'm too like Ry I start I picked this up from him I I used to try and be more patient and when this sort of thing happens and you have the 50-day right

near the 21. And by the way, let me open this up here.

Green is 10day simple. Cayenne 21

simple. The gray is 50 simple.

Um 200 simple is red. Now you'll see I have two exponential moving averages. The 23

and 65, right? The purple, which a lot of times runs just very close to the 21.

Not much of a difference. Um, it's funny that I will use a 21 simple, 23 exponential. Mike Webster's got it

exponential. Mike Webster's got it figured out. Just use the 21 exponential

figured out. Just use the 21 exponential and just for because I already have a million moving averages on here. I

didn't want to add two more. You'll see

I keep so when I really want to look, I can turn it on and look, right? You

could a lot of times it doesn't make a difference. And I will also do the same

difference. And I will also do the same thing sometimes with the 8 EMA. That's

very short term. I sometimes I I that's why they're off. On the flip side, I have these as they are because there was a I have noticed and it's not all, you

know, cues, it's all close together, but a lot of stocks that when they break their 21 simple will catch support at their 23 exponential or somewhere thereabouts and the same thing with the

50. I've noticed a lot of stocks that

50. I've noticed a lot of stocks that break the 50 will get support in and around the 65. So I pay attention to those things and then I'm always man

personality of a stock is a big thing to me right. So for example, uh

me right. So for example, uh Rocket Lab, right? This is a nightmare.

um talk talk about get are >> so this personality um bear with me or KLB is one that right no matter how good

right I looked at it I'll tell Jack or whoever I'm tell that Rocket Lab's finally getting tight this is the spot but I won't buy right because it's just this I can't deal I know me the

likelihood of me getting shaken out unless I'm putting on the whole thing and I get it exactly right is slim to none and And I just know me, right? I I

don't my brain hates these types of stocks. So personality is a big deal.

stocks. So personality is a big deal.

And you'll see how this one, you know, holds the 50. In this case, it picked up support at the 65. However, what I'm trying to explain here is I would to me the 50-day is is the logical line.

Sometimes stocks will always break the 50 and get support at the 65, which makes that the relevant moving average.

either here nor there. You could get rid of these two exponentials. The ones I've used and always use religiously are the 1021 uh 5200 simple. I mean, that is what

I've used since I start, you know, I started working at O'Neal. I've only

added the 23 and 65 over the last few years. So, and it's really just, you

years. So, and it's really just, you know, little reference. It might work for you, it might not. I think simple is better. So, I'm just want to explain to

better. So, I'm just want to explain to you what all that nonsense is. Um

>> that doesn't just relate to moving average. Simple is better. Uh always

average. Simple is better. Uh always

>> Yeah. Yeah. Yeah. Yeah. Um

>> is it this personality versus here and I and I didn't give you versus like an AVGO. Um which obviously isn't going to

AVGO. Um which obviously isn't going to be as isn't going to be as juicy when it gets going, but I tend to prefer like I told you I read

you the the stocks that I'm hold stocks that trade tight liquid and ADGO is not even that tight. The ones that hold I love the ones that tend to hold the 10day. When it breaks the 10day, it goes

10day. When it breaks the 10day, it goes to the 21. When it finally breaks the 21, second time in a row, nine times out of 10, it's just done. So, I try to pick

stocks that um trade that way and then buy, you know, manage my risk in in that manner. So I'll be honest

with you lately in this market I have found that buying construct you know buying the constructive weaknesses has been extremely helpful. Buying buying

strength forget a breakout I I base breakouts I tend to stay away from altogether because I'm I want to get work my way in earlier and I think there's less eyes on the earlier pivots

than that base breakout pivot. You got

the whole breakout crowd, HFT, ALOS, every they all have that in there and then they're playing the whatever games they play and everything starts flittering on the level twos and I seem

anyway I I I like the uh earlier entries better. that allows me to ignore the

better. that allows me to ignore the base breakouts. But just in this market,

base breakouts. But just in this market, it I'll be honest with you in 19 up until about 2008 2009, right? The financial crisis and

2009, right? The financial crisis and you know that's also the time when HFT and ALOS became really big. the market

started to become like all of a sudden when when EC everyone could be on an ECN but then that HFT started right and I'm like what is going on with the it looked level two looked broken the way they

were flittering right they that's just normal now but that didn't um exist before and so the the volatil it's funny you would think that

more money overall bigger volume and the penny spreads would make it less volatile. I'm going to tell you that fra

volatile. I'm going to tell you that fra I would do it. I feel like, you know, maybe I'm wrong, but in my mind, yeah, I feel like I would, you know, I wish we had fractions back where people would,

you know, step up with some size and I could, you know, read the le, you know, could have, would have, should have, somebody moved that cheese for me a long time ago. Um, but now I feel like a hund

time ago. Um, but now I feel like a hund to me 130% margin now feels like when I was 200% and pushing it on day trading margin and you know the margin

department's calling me at 337 going you got to sell something right. Um, that

was always the case and now I feel like you get 120 130% in it feels like that 200 plus percent. So, I've al I also do

a lot of that like I think you and I were discussing earlier AMD. I I do a lot more anticipatory buying now when I see a stock tightening up in in a group

that's working that Whoops, I didn't mean to make the volume disappear there.

And uh it's funny I was discussing for uh this with we we both if I'm not right we were collecting it over the last few >> exact same penny our entries are

>> so he told me his fail we yeah our average price is exactly the same to the penny. So in in the old days I wouldn't

penny. So in in the old days I wouldn't even be worried about this because I'd be like I just buy it on strength I don't care gap up the 50-day and you know maybe you get lucky here and it

just holds. That's ideal. But

just holds. That's ideal. But

in in the right market, you know, maybe it gets clean cleaned up for you. But

prior to I'm going to tell you 2000, right? that nine bet sweet spot for me

right? that nine bet sweet spot for me anyway, the mid 90s to like 2008, 2009, you know, and that fractions were gone at that point, but it was really, it feels like that's when it really just

started to get fast, wild, and and crazy like harder to um buy strength, get follow through, and it it it just seems like it

got a little more difficult. So, I do a lot more anticipatory buying um like this. Uh let me see if I can

like this. Uh let me see if I can >> What does that look like? How many how many days um are you are are are you are you building into an AMD position? Are

we talking about over the past, you know, six, seven days or are we talking like the last two to three?

>> No, we're just talking about the last two last three or four days before the breakout.

>> Okay.

>> You know, Nvidia here, right? So, I'll

be honest. I I started here. I bought a little bit on the breakout. And let me tell you, I'm glad I didn't buy much because when it starts dunking back under here, you know, I was sweating. I

managed I wait us I'll nine times out of 10 wait till the end of the day if I can. It wasn't a problem for him. So, I

can. It wasn't a problem for him. So, I

would and after this started to happen, I actually added Nvidia on these last two days near the close up above the 10day, right? In anticipation of the

10day, right? In anticipation of the breakout. old school, I'd wait and just

breakout. old school, I'd wait and just buy here and seven, eight out of 10 times it just worked. That not so much anymore. You get a lot of um retests and

anymore. You get a lot of um retests and failures I find now much more than you used to. Um,

used to. Um, you know, and my my theory is right the the base breakouts to new all-time highs, right? The doctor wish green line

highs, right? The doctor wish green line breakout, there's a lot more eyes on it than there is, you know, down here when as the So I and this is one thing I look

for. I love the Stan Weinstein stage one

for. I love the Stan Weinstein stage one to stage two and I love when all the moving averages kind of, you know, bunch and and this may not be the best

example, but they start to converge in a tight bunch and cross underneath price and begin to expand, that's a good sign. And when you can see a group of stocks setting up similar

patterns doing that, that's all that's one of my favorite things to see, too.

Right? So that's one of my qualitative clues that will um tell me risk on right and that early in a trend after a follow through right so you can imagine in

April all through here that was the time you know while I had a million things going on trust me I was looking drooling um but yeah that was the time to get heavy and I'll be honest with you a lot

of people are worried about what they missed here if you were to sit in a and I'll tell you and and this is to make you feel good. If you were to go sit in a meeting

good. If you were to go sit in a meeting with Bill O'Neal and, you know, tell him, "But you missed all of this," he he would give you he he would give you his

lecture about how none of that matters, all of the resistance. And and I'll be honest with you, if we're at the beginning of a a um a new, you know, larger move and these stocks, and

there's many of them just breaking out to new all-time highs at a big long basis, some of them going back into, you know 2021 the move, the ensuing move is going to

be so big that all of this will look like nothing. So, don't be upset over

like nothing. So, don't be upset over moving that. the, you know, the

moving that. the, you know, the potential from here should be huge. And

he would, you know, so and he would tell you it's really nothing to be worried.

Really nothing to worry about and that we're just getting started here as crazy as that may sound. Um,

>> I don't think it sounds crazy at all.

Um, so like this base on on Nvidia, this this would be like the like the ideal or not ide [Applause]

I'll I do have a position in Hood, just not in my main account. So I guess I should say I do have a position in Hood and ETHA, not in the account that I'm looking at from a while back. Um, and

hood again. Well, I guess what I'm trying to show is I find it, >> and this was one I bought small. I love

the ones that, like I said, right, they they break out, they follow through, they hold the 10day um until they don't.

If it gets support at the 21day, great.

Sometimes I get shaken out and have to buy back. I was lucky enough that I put

buy back. I was lucky enough that I put on a small enough position far back enough that I I I didn't even think to look at it really, right? Because I had bought it early enough. And what I loved

about it is I will tell you this, had it been in my main account and I was pay I it's so easy to get shaken around in here. I it just it honestly gave me

here. I it just it honestly gave me perspective. Um you know having it small

perspective. Um you know having it small and another account that I that I almost forget to look at. Um

>> how Yeah. uh

>> like a little mental mental health mental health.

>> Yeah. Well, no, it's not even it it what I want to learn. What I want to be able to do is be able to do that with a 10 or a 20% position, right? And so I guess I

the idea is to, you know, be in back here. Um nevertheless, hood I love,

here. Um nevertheless, hood I love, right? We just broke out green line

right? We just broke out green line breakout. Dr. Wish green line breakout

breakout. Dr. Wish green line breakout was here. So, even though it feels like

was here. So, even though it feels like we and trust me, I it this one every time I look at it, it even though I know better, it I'm not going to lie, right?

Like that FOMO makes me break out in a sweat a little bit because I should have a much bigger position than I do, so on and so forth. But I also know there's no reason to do that to myself because this

breakout on Hood, if this is going to be for real, for real. It literally just broke out, right? So, if I were to show it to Bill and show him I was sweating, he would have some, you know, after we

he he would he'd yell at me, you know, nicely as my friend. He'd be like, you know, he'd give me a stiff reminder of how silly I'm being. So, if I just want to let everyone know that that you may

feel very foolish. Um, but this is the kind missing it. We've really got a ton of uh I believe potential from here. The

reason I went back to hood I it's liquid tight respects key moving averages when it finally starts to break you get out and this could have easily shaken you

around right you get two closes under the 21day moving average here right it didn't shake you here if you played that game right you had one close below the 21day here you get pushed out and now

you've you know you've got to buy the stock back. Um, so that's

stock back. Um, so that's and if you don't add it back in here going through high, you know, that's where it becomes tricky. Um,

I want my I so this is one that I I want to have a big position in that I just let get away from me. But I will always

focus on the big liquid names that tend to respect key moving averages, logical areas of support like the tops of prior

bases. Um,

bases. Um, PLTR is another one of So, this one has a much it's wider, looser, and it's not like a hood that sits on top of its 10day, but it has a pretty good respect

for some, you know, the 2123.

um to give you an idea. So, this is one I actually started buying off the 50-day. Um I got shaken out of a lot of

50-day. Um I got shaken out of a lot of it during that same time. I'll give you another one. Roblox is another to me big

another one. Roblox is another to me big liquid name that's just so PLTR already broke out. Roblox is right near that

broke out. Roblox is right near that green line breakout land, right? So,

this monthly is what keeps me So, this is a perfect example. I've been buy I started Roblox back here off the 50-day very small um I added in here and got

shaken around but I managed I've been lucky enough I added it back um off the 20 off the purple line for I just had to have it right during those day during

while I was doing that I had the very shortterm right declining tops line and I just told myself whatever I'm buying here is going to be break even it has to work my and a lot of times I'll do that

Right? I'll pick that my line in the

Right? I'll pick that my line in the sand or I'll wait for a stock to shake below, make the U-turn, and then make that average my line in the sand.

Sometimes I'll put on as much as 10 15% and my break my my sell stop is break even. And uh

even. And uh believe it or not, I I managed to I I'm still holding on to it and added just a little bit more today off that 23 day.

and I'm I'm ahead enough on it that I can let it come to the 50-day. As much

as I would hate that it's not going to push me out of my position, right? And

that's how I've backed my way into it.

But that 50-day like any big Here's one that you that I I think is a valuable Bill O'Neal thing. Any of these big leaders, Roblox, ALAB, the first

pullback to the 50-day is pretty much 100% of the time a buy, right? You got

to manage your risk. But that Bill O'Neal will always buy that first pullback to the 50-day. Um, I just did it with ALAB yesterday. Right? So,

and this is it. I wait. I And how I do it, I've made people laugh before because I'm a position trader. I look at daily, weekly, monthly. As you see, I will watch it hit the 50-day bounce. I

then put it on a three minute chart right on my trade station because that's where I have my account and place my orders. Um, and I just wait for the

orders. Um, and I just wait for the U-turn on a three minute chart with a, you know, you could put a stochcastic on there with a declining tops line and I

will put on a big giant chunk and part of it might be break even. The rest will be at the low or the 50-day moving average >> and most of the time it works, but it's not every pullback.

>> I'm sorry.

>> At market open.

>> Yeah. Yeah. Right around there because I know it it Yeah. whenever that was um around here. Wherever it was today, was

around here. Wherever it was today, was that at open? Um I was doing it with Jackson. He's the one who yelled at me

Jackson. He's the one who yelled at me that he bought it before me. Yeah. So,

yes, right at the open. I flinched and yeah, he got a better price than I did.

He bought it right on the 50-day and I told him, I'm like, "Jackson, I don't have the balls to do that. I'm going to wait for a bounce and buy the U-turn."

So, I bought it later. But that's what I did.

>> What does a U-turn? What does a U-turn look like? Um here, let's You want to

look like? Um here, let's You want to look at a threeminut U-turn? Let's look.

>> I sure do.

Oh, do we have I think we have three minute on here. Hold on. I think we we do.

Oh, here. Way back in time there.

So, so where is the 50-day? Basically,

Jackson bought as soon as it touched the 50-day as it was coming.

>> This was this was today's gap up um up over 200. So, the 50day is right around

over 200. So, the 50day is right around uh 190 >> on this. Yeah, 50-day is at >> Oh, I got you.

>> Yep.

[Music] >> 185. I've currently got it at. So,

>> 185. I've currently got it at. So,

>> but we're talking today's open, right?

>> Oh, today it's open. Is that Is that what you're looking at for the U-turn?

>> Oh, no. That's right. Yesterday was 50.

Here, hold on. Let me look at the daily again. My brain.

again. My brain.

Yeah. No, it was yesterday. You're

right. I'm looking at the wrong day. So,

let me go to the low of yesterday and I'll show you.

>> Thank you for that.

>> Oh, yeah.

>> I want to pull up and follow along.

>> Voila. Okay. So, Jackson is buying it as it's coming in. Whatever that 50-day line touch was, he was immediately buying it. Here's all I'm doing. I'm

buying it. Here's all I'm doing. I'm

waiting for the mini like an IPO you turn on a weekly or monthly or year monthly over years. I'm doing this. So

he he literally was buying it wherever it was on touch much closer to the 50-day. I waited till here.

50-day. I waited till here.

>> Gotcha.

>> I bought that I bought that stick and then I used the low of the day as my sell stop.

>> Yeah.

>> I put on a 10 and you know I'll tell you exactly. I put on a 10% position. So I

exactly. I put on a 10% position. So I

got a 10. I wish I put on 20 now of course, right? So, I put on, but that's

course, right? So, I put on, but that's what I do. I watched it hit the 50-day, it it bounced, and then I'll watch an intraday chart. And there'd be nothing

intraday chart. And there'd be nothing wrong with waiting till here to buy it.

But my me because I I'm an O'Neal guy, I will always tend to wait for it to show me that it picked up support and then buy strength within, right? Con that

still con strength within weakness, if you will, right? So, constructive

weakness.

>> So, yeah. And if I >> did you add to that today?

I don't I did not I don't think so.

>> Gotcha.

>> Would you In what scenario now, you know, maybe back on the daily or weekly chart, would you be >> I did not add I did not add.

>> In what scenario would you be interested in getting up to a a 20 to maybe 25% position like you said?

>> Absolutely. Yeah, I I'm absolutely this this is a big leader, right? First

pullback to the 50day. So, yes, I'm watch I'll put I will absolutely be looking to put on at least another 10% if not 15. you know, I I will take my

biggest positions up to 30 40%. Usually

I'll have two or right two or three pushing me around there. Sometimes I

have a lot of times lately though like I used to >> I would pick something >> wild and crazy like we saw quantum today, right? Just push out RGTI, O N.

today, right? Just push out RGTI, O N.

Let's look at here. Let me do a refresh here. Um my favorite three RGTI, I NQ,

here. Um my favorite three RGTI, I NQ, and QBTS, right? So, normally I would, right, these would be my performance

enhancers. Lately, I've been um been

enhancers. Lately, I've been um been going old man style and making my performance enhancers, the stocks that I'm already in. So, what what we call

that O'Neal, what's in um swinging around your cores, right? When you're

kind of enhancing your performance day in swing trading. I used I would usually do it with you know quantum or biotech stocks but I'll tell you what's been

happening lately is I'll be doing really well on all my liquid proper William O'Neal names and then when I start messing around with this I wind up

chopping myself up and then it it's just not been ideal for me. Though lately I have been, you know, if if I'm buying extra, I'm trying to buy, you know, if

ALAB sets up perfect for me and let's say I've decided all I want is a 25% position, I might buy 30% or even 35% with the intention of selling that extra

as soon as it gets I think um I talk about this all the time. I you know, and Bill O'Neal used to do this, if you want to sell something proactively like that, right? If you're going to over buy it to

right? If you're going to over buy it to sell it, look to the left and go about how far does it get off let's say the 10day moving average over here, right?

You got to look on a log chart. So the

distance over here matches the distance over here. But I you not. He look

over here. But I you not. He look

with his fingers and he here and he go and then he put it over here and goes, "Well, that gets you to about 10 and whatever, right?" And that was it. And I

whatever, right?" And that was it. And I

mean, you know, God bless you're you're buying extra. It's a great pl place to

buying extra. It's a great pl place to sell. And you'd be surprised, right? You

sell. And you'd be surprised, right? You

just follow follow the personality of the stock most of the time. If it gets about that far off the 10day before it eventually pulls back, it's a that simple.

>> Yep.

>> Yeah. I do I do the same thing with with a a thumb or a finger sometimes on the on the screen. like if it's a thumbs length away from the 90 EMA, you know, then then we're getting

I mean when I was a kid just sort of I thought I thought that was the greatest thing ever that he you know it was nothing fancy you know just look at the personality and if it was about that much here it's about that much there just you know if you're looking at an

arithmetic chart be aware that stuff gets squished the further back you go and you you know put it on a log chart to make sure the distance is me comparable if

>> so something like this RGTI Is this uh in your wheelhouse? Um are you ever trading this? Did Did you

trading this? Did Did you >> I didn't I didn't I I've I I'm still I'm still in low aggravation mode. This is the

kind of thing where, you know, I might try, you know, buying it off off the 10day and just get lucky enough to to catch. I didn't though. I didn't on but

catch. I didn't though. I didn't on but but yeah, it's not off it. It it it is absolutely tradable. I mean, I'll be if

absolutely tradable. I mean, I'll be if you want to laugh. Ray Ray was laughing laughing at me. I got very lucky.

I was trading this as a performance enhancer. You'll notice

enhancer. You'll notice >> the last day of trading here.

It got it got suspended by the SEC for price manipulation.

>> I saw that. Yeah. Because I was on we were on Zoom and I was like, wait, why is >> I was like not trading today?

>> Yeah. I looked and I was like, oh my god, thank I I was trading. I was in and out of it flipping this day. I had a great day with it. Thank god I didn't hold any. I thought about holding some.

hold any. I thought about holding some.

I just didn't >> because the money is then locked up, isn't it? Like until

isn't it? Like until >> Yeah. Yeah. I mean, you know, who knows?

>> Yeah. Yeah. I mean, you know, who knows?

Maybe it opens at 30 when if and when they open it. I have no idea. Maybe not.

I don't know. But yeah, that that's not a good thing.

>> Yeah.

>> Hey, I'm I'm curious what do the those little X's represent on your chart there.

>> Thanks for Yeah, thank you for asking.

So here for starters I'll show you what those are is it's marking relative measured volatility relative measured volatility. anytime it's in this band

volatility. anytime it's in this band it's and you're like Ross can't you just look and see if it's tight or not tight and yes nine times out of 10 I can see

tight action but sometimes on a whippier stock right so it any I again I like simple so I don't have this extra panel of RMV and another squiggly line that

every time that this line is in that band I actually have it set between zero and seven it puts an X so I know on a relative basis it's tight there Right.

And so instead of having band and having to look and then look up and see um >> you'll see here on my technical patterns if we come that's just the only thing I have. You'll see relative measured

have. You'll see relative measured volatility, right? Um and so my band off

volatility, right? Um and so my band off the bottom is seven.

And yeah, so rather than having the whole thing, I just it lets me know.

>> Yeah, I was looking at your RGTI chart and that X pretty much caught the pivot off the low almost like every time it came off the low. I was like, whoa, I get what is this?

our our our uh friend Richard Moglin actually came up with this on his own.

He created this uh indicator in deep view from from his noggin. So

>> yeah, there's a deep view uh specific um proprietary like indicator that right that you guys created >> I believe so. Yes. Yes.

>> And you said you said Rich Richard created it.

>> Yeah. Yeah. Richard created it 100%. So

>> very cool.

>> Um so yeah, if you're wondering will I trade the quantums? I mean yes. I've

traded that I traded this I trade SMC.

Yes, I will trade the crazy when it's tight like this. And honestly, I can't tell you how lucky I mean, this is exactly one that I would do that with, but I, you know, I also know this stock

can move $15 in four minutes. And I just didn't want to if I was wrong, right, I didn't want the gap risk, so I didn't hold it. And thank

hold it. And thank thank you.

>> Yeah. No.

>> Yeah. Uh, what sort of um what sort of sizing are you doing on something like this or like like a QS, like a quantum scale?

>> 500 shares. Nothing crazy.

>> That's it.

>> Gotcha.

>> That's it. Yeah. I'm not whipping around five or 10,000 shares or anything crazy like that. Just 500 shares performance

like that. Just 500 shares performance enhancer and a, you know, because this thing's, you know, I'm I'm doing it thinking I'm going to I'm looking for when it was happening. I'm thinking I'm going to get a rip like this out of

here, right? That's what I was looking

here, right? That's what I was looking for. And I figured I'll if I can get a

for. And I figured I'll if I can get a 30 $40 rip on 500 shares, it's nice little ext, you know, makes up for some commissions. That's all.

commissions. That's all.

It's for fun more than anything. You

know, I talked about this with Jackson who was listening to Quala Maggie. Like

>> y >> it you sit here, right? It's very hard to I The funny thing is you put me in a casino with a billion dollars, we're going to go to the buffet and leave. I

hate gambling. I I I I hate it. I I

don't I just However, when I'm sitting here, I can't stop buying. Right. So, I

I'm very limited. Um if a real performance enhancer like you're saying, yeah, I might take a a on the quantum names because there's a

real theme, a whole thing there, I will actually take um a 10 to 20% and you know, hold on to it for a few days. But

>> you know, not surprisingly, this is a Chinese stock. So

Chinese stock. So >> that that is wild that you that that you brought this one um up. Is that

something that you that you track? So I

know that you're you're you're you're much more in the um uh you know right that position trader that you

>> 85 90% of my money is in ALAB PLTR Micron Nvidia AMD Roblox Hood right I in another account. had I I screwed up the

another account. had I I screwed up the hood trade in this account. I got it good in my other account because I I bought it small. It was early. I

didn't pay attention to it. I got a little too overfocused on it. Messed

that up even uh and you know the funny thing is you know on the flip side I think Ry might have hit that thing absolutely perfectly. Right. So even

absolutely perfectly. Right. So even

sitting with him watching him I still messed it up. Right. So um but yes it doesn't preclude but yes it's it's I

keep it very limited um on something crazy like this five yeah there's no uh >> I w I watch the a the what is it the ADR average daily range

and >> watch it on the intraday and go how am I how much can I watch go up or you know or specifically down 30 or $40 and not

be upset and that's how I figure out my position sizing on So, I wouldn't be thrilled if I lost 30 or $40 on 500 shares, but it's not gonna it's not it's not I'm not going to lose sleep at all.

So >> on one of those positions that you're building into like um Nvidia for example

um or or or even Roblox um what is your uh plan or what is your stop loss um throughout uh the process as you're building into it and then um as it

begins to advance uh >> so I mean right now my goal will be because I bought it pretty much my my average is up off the is on the 50-day Um,

as long Yeah, if it does come back in and test the high, right? So, I love buying it tight here off the average because then I can ignore this after it's extended off the 10day. I don't

have to buy that breakout where this is what I used to solely wait for. And now

I've I've noticed a lot of times so much now you get a retest. It if it gets away from me, I don't care. I've already got a nice position and the next ad for me

will be the next place I can have that optimal risk control. So, if it pulls, you know, fades back in and tightens up again, um, I would consider, you know,

putting on quite a bit more versus that level based, you know, and I'm always figuring out how much am I up, but my goal, honestly, would be able to get an

average above that um, my average cost uh, so that the 50-day can become my trailing stop. You know what I mean?

trailing stop. You know what I mean?

That's all what I love. I mean, so I use the 21day until I get there and then if I can make the 50-day myself stop on a core, I will always try to do that,

especially early on. Now, if it's uh, you know, a stock that's pulling back to that's, you know, third stage base, it's already pulled back to its 50-day twice.

Now, I'm, you know, I'm I'm going to be a lot more cautious. So, Nvidia, I would make um, right now it's I start I got it 20% there, right?

because I'm just doing it versus an average. I would make it I'd probably it

average. I would make it I'd probably it Nvidia for me, I'm not going to say it's super slow, but it's a little slower

than let's say Roblox or >> Alab or, you know, one of the other ones.

>> Yeah.

>> Um, so, but yeah, if it pulled back, it's I'd say it's one of the it's big liquid.

I feel comfortable with it. I'd probably

get it to 30% and then wait for it to get about that high off the 10day and sell 10% and just have my 20% my core 20% in in Nvidia and uh I'd love to see

a personality change and see it get a little more powerful but you know if that doesn't happen that's what I have the ALAB for and you know you can keep and if you want that kind of power then

you buy a semi with with that kind of power like a CRDO um which was you know buyable many times from this point after the market

followed through caught my eye today right finally reclaimed squatted at the end of the day not great but definitely a a big chip leader and you know

relative to Nvidia which doubledish off the bottom right from here we're 30 to 150 that's a heck of a move right so >> this has been a huge winner for me um

CRDO >> yeah and and this my friend I mean this is a big and this is another one so I screw I missed this one, but this is that big institutional quality where if

you can get in down here, you sometimes I'll buy before the average um before the it gets above the averages. I prefer

if I can to be a you know reclaiming a key moving average as I get over let's say a key swing high to the left. That's

kind of like my ideal setup as the relative strength line is, you know, that that stage one to stage two, the relative strength lines crossing, you know, or I'm sorry, all of the moving

averages are crossing. The relative

strength line is either, let's say, making new highs ahead of the price ideally or at a bare minimum at least getting back above that 21 um day exponential moving average. That's what

this is, by the way. Um, and I stole that from Michael Webster. That's um

that's the key, you know. So to me, that's the moving average to use on your relative strength if you're going to use one. Um, so yeah, CRDO is Yeah. So yeah,

one. Um, so yeah, CRDO is Yeah. So yeah,

great trade there. This is a big leader.

This is the type of personality that I'm always going to look for a CRDO as opposed to an RKB that just this is aggravation free. You know, if

assuming you buy it correctly or let's say you didn't even get it until here, you were buying it. This is kind of like my thing. I'll start to buy it off the

my thing. I'll start to buy it off the 10day here and my angels are nice to me and I don't even have to look back.

Right? So, I'll be honest with you, I never used to buy like that. I was

always buying on strength to an extent.

>> More recently now I'm either buying tightness in anticipation of or I'm waiting for the strength and then waiting to buy, you know, the pullback after it shows me that it's going to

bounce and and go again. and then I can manage my risk from there and I'm able to put on much bigger positions with super tight risk whereas you know

in my old age I've gotten less in my old age I'm 53 but I I honestly my my tolerance for aggravation has is is not

like Charles you know Charles Harris still has I don't know how he does it if I I I sweat watching him trade you know what I

So, and that's the difference, right?

So, he's uh he's a he's a total ma madman and a total badass. And you know, the thing with him is it just even if he beats himself up for he his recovery um

ability to recover is incredible.

>> No kidding. Um, yeah, I I'm I like buying the like like the shakeouts, if you will, uh, much much more over over some of the some of the breakouts, some

of those, you know, just um, you know, quick drifts below um or right at the moving average and then the the the quick little reclaim. And I'm like, okay, I've got my I've got my buy spot.

I've got my clear stop uh and invalidation like uh my job my job's done for you know until the you know trade management course.

>> Yeah. And I let me tell you something in 1998 999 2000 if you didn't chase a breakout good luck.

>> Yeah.

>> I I actually wanted to ask you about money.

>> Yeah. It's still so primed in my brain.

I still have to fight doing it because I made so much damn money doing that that it it's it's like I can't get it out of my head.

>> I break out you like >> when I say you break out I mean like Bill O'Neal classic >> wait for it to go through the high of the handle like here PLTR today. I'm

pretty sure it went through did it not?

Let's call this a uh roughly a sevenw week cup in right here. We got our cup.

Here's our little handle here. High of

the handle. I would wait to buy it.

Well, there's no, we're missing the volume here, but assuming, you know, volume picked up in a meaningful way and it traded through the high of the handle, I'd just buy that. I had no problem put I'd buy 20% there. And

sometimes it retest and I'd let it shake around. And you know, and

around. And you know, and so that 7 to 8% sell rule, by the way, right? We all know the mathematical

right? We all know the mathematical reasoning behind that. Once you get beyond 8% nine, especially double digits, to get back to even, the money you need to make back to get back to

even gets exponentially huge. So that's

the first reason you want to really limit losses to 8%.

So where people get screwed up with the Bill O'Neal thing is you buy the breakout and you s and and really if you are buying a can slim name meaning an early stage base that means all the cancelling fundamentals you're in an

uptrend the group is you know it has to be that ideal situation I'm telling you it still works you can buy the breakout and if you're willing to sit through the

retests and all that because I've looked many times those stocks never shake more never go 7 to 8% % below that pivot, which is what his study showed. But it

takes a heck of a lot more patience now, right? So you get the retests and then

right? So you get the retests and then it becomes a matter of in in a market that's working well, that's super cooperative. If everything's working

cooperative. If everything's working over here, yeah, I'm following my rules, but I'm getting bounced around and I'm missing everything over here kind of thing. Um,

thing. Um, so yes, to to deal with the faster and more volatile market, that's that's just what I've been doing. But I I'll be honest with you, I did in the very beginning when I had less experience, I

would buy the breakout and I would sit through a lot of pain watching bounce around and just sweating until it worked. Um but a I will tell you this

worked. Um but a I will tell you this when the market was cooperative during those times like 98 n when you were in a group and things were working and if you didn't buy it like it if you if it was

breaking out like here right and you weren't willing to pay up here >> see you later you're going to miss it >> and everybody

the fight to get in was insane everyone right so you saw the and it you know the pile in and if you weren't willing to pay up for stock you would miss it like

Crazy. Wow. So, yeah, it's a whole new

Crazy. Wow. So, yeah, it's a whole new mindset to me now going, okay, you know, entry's always been it's very right. I

always say you're you're you're buying right is your best defense. And

what I mean by buying right is, you know, knowing knowing your system.

You're say you're I know my sweet spot, >> but I get itchy to buy stuff out of my sweet spot. I see you know the QMMs of

sweet spot. I see you know the QMMs of the world you know set right and I that's where I become a gambling junkie so right I've be that's that that's I guess so that's my gambling I guess and

that's when I'll limit it so anything like that and then sometimes if it's not a performance enhancer at all and I have my cores on and I don't want to touch anything right I'm I'm 120 130% long I'm

not interested in touching anything then I'll devote very even less you know just to get that itch out and Jackson said he heard, you know, Qualagi talk about

this, he'll just keep it very small. If

you want to do your gambling, gam gamble $5, you know what I mean? Like, so if you walk away and con gamble so small that if it goes to zero, you're you're you're still fine kind of thing. And

that way you get the itch out of, you know, trading those. And sometimes, no joke, I Jackson laughs at me all the time. I'll make it a hundred shares just

time. I'll make it a hundred shares just to get the darn itch out. it just make it irrelevant and it it's awesome because I can't tell you how many times in the very near term

especially lately I'm just dead wrong.

So it's really funny you know I I do it which actually keep it very small. It

gets that itch out of me and I don't chop up my core positions. So if I, you know, >> these days a lot of people do that via

um like a weekly options or er the the zero day zero date options uh to get that that that same >> Yeah. Yeah. And you can do Yeah. So do

>> Yeah. Yeah. And you can do Yeah. So do

it with money that you don't you know that you don't care about losing. So it

depends on the stock and you know where where I'm situated. But lately, you know, if I can make, you know, if I already had, let's say, a 25 30% position in Roblox, but it gives me such

a sweet spot that if I didn't have a position, I'd be But, you know, I might very well make it 50% for a little while and then reduce, you know, reduce it back down as it gets out, you know,

depending on where it is, how so if all of a sudden Roblox now starts to explode out of, you know, big green line breakout, >> um, yeah, that that that's a if a great

spot even PLR here. I know there's a ton of, you know, a ton of eyes on it, but to me, this is you. You got this giant big monthly breakout. Here's your second

stage base, if you will. Um, I don't know. It's a it's a sevenw week cup and

know. It's a it's a sevenw week cup and handle follow.

It almost looks too good, but yeah, the these are uh the sort of things that I'll that I'll stick stick with if we get uh let's say I didn't have any AAB.

I'll give you the the perfect example.

Let's say I was slick enough to have bought it back here. Um, even if I got, let's say I got pushed out of a third or half under the 21day and I decided to

keep half because the 50-day had already, you know, was catching up. I

will then do like I did yesterday. I I

didn't over buy it. But when the market's working, right, if I had already owned it, which I didn't, um, I will do that sort of thing, right? Over

buy it, let it go again. um sell the extra and it's the so and and the only reason I'm bringing us to the AAB over the Nvidia is it's you know this one that's

gone from what are we roughly 46 to 260.

It's just got more juice than Nvidia.

So, if I'm going to do it, I'm going to do it with a higher quality one and maybe not necessarily this, you know, but one that is really a true performance enhancer where if I'm right, it's going to make a big difference as

it goes.

>> This one's uh just been phenomenal. I

mean, in that base from uh May to uh middle of July, uh you know, just getting tight tighter and tighter, putting in those higher lows uh against

the moving averages. And it I this one chopped up a lot of people in that base for a bit.

>> Yeah, it's super choppy, right? Is not

an easy one to to trade. This is one of the choppy be but and here's why I have to own it. Look at the earning the quarterly earnings and sales. Look at

the estimates. And I mean this monthly is ridicul.

But this is a big base on base. And so

if you're my guess is if you're looking at uh you know market smith you'll have stage one. But while this is another

stage one. But while this is another this is a second base, it's this is really stage 1A a not stage two. And

Bill would tell you this base on base is uh uh a is a stage one extremely powerful pattern. So literally this

powerful pattern. So literally this thing also right the the breakout was just here call it 151. So on the daily chart right all the way where are we?

So, here's your green line breakout, right? Let's

right? Let's >> right there. It gapped through. Um I I won't buy a gap on a stock that this whippy. So, I waited. It hit the 50-day.

whippy. So, I waited. It hit the 50-day.

I'm glad I was on the phone with Jackson and he told me, "Oh, a you know, AAB at the 50-day." And uh

the 50-day." And uh yeah, first pullback there. It was just it's just a it's that's a Bill O'Neal rule to me. So, if I can buy it a dollar or two off the 50-day, 10 or 20%

position, that's so easy for me. And

that is not a closing basis sell stop, that's I'm right or I'm wrong. And in a good market, again, if you're in the high quality stock in a group that's turning first pull, right? And again,

it's also about experience. You know,

how many times I you I'm very comfortable with doing it. You know,

putting on a big position um in exactly this sort of situation. If it doesn't work, I wouldn't, you know, I probably I I don't even think about it again. And

fortunately, it worked. I only put on 10%, not not big enough. And I'm I'll be looking to add, but only again in one of the in a in a situation where, you know,

I can put on that extra 10 or 20% and I'm either going to be right or I'm out.

I find that to be a lot easier these days than trying to even buy unless it's early on buying an like taking an early entry through a pocket pivot and then trying

to you know set a 3 to 5% sell stop within a band of logical support beneath which works but I I've become allergic to aggravation lately. I'll be I'll be

quite honest with you. So I I I started hating the five to 7%. I've squished it to, you know, three to five and now I'm like I just want to be right or I'm out.

And that has I've the anticipation um at key support in tight areas, you know, and in stocks that have that is now that we've already followed, you know, had the follow-through day. So, if

you missed back here, you know, let's say any of the other stocks, the ideal, that's basically what I'm looking to do.

I mean, technically I'm late if I want to compare myself to the follow-through day because I didn't get serious until literally the NASDAQ hit right around maybe a few days. I started watching the market seriously again before we hit the

50-day. And uh I'll be honest with you,

50-day. And uh I'll be honest with you, I still think what do we have 3 months left for the end of the year. Let's say

you're only up 20 30% so far for the year. You bet your ass you can still do

year. You bet your ass you can still do triple digits and and kick the butt of lots of people in that US UI. um in what is the the >> USIC?

>> USIC. Yeah. And not to poo poo that, I think that's the most amazing things.

Oh, yeah. You want to know where the new young traders are? Look there. Those

guy, you know, those guys are awesome.

But what I will tell you is you can feel like, oh, I missed the followrough in April. Those guys have been going since

April. Those guys have been going since January. I will tell you this, I've seen

January. I will tell you this, I've seen it a million times. You can come in in the last quarter and still do top three if you know. So

that I mean the big thing is that is what I would you know the potential from here is still huge. I I really do believe if you had the skill and the discipline you could come in start beginning and go October, November,

December and still be in the top three in three months if you if you do it right and the market cooperates. So

that is you know so that's what I'm doing here. So, a lot a lot of these

doing here. So, a lot a lot of these positions I've been uh really bu been building lately here. And I'll tell you, I got pushed out of my Tesla today because I was adding adding pullback. I

was adding the 10day. I got very topheavy at the 10day on these last few days. And

days. And I don't want to deal with a gap down tomorrow just in case. So everything

that I bought versus the 10day I took, you know, I kept lunch money on the trade relative to to what I was up when it was at its highs today, right? But

you know, I'm I'll be for not the end of the world. As you see here, we're not green

world. As you see here, we're not green line breakouts. So yeah, I I have a

line breakouts. So yeah, I I have a chance to buy it back. I'm not I'm never too worried. I if I have to buy it back

too worried. I if I have to buy it back higher, so be it. I I'm pretty confident that I'll be able to get back in even if it is higher. So

>> does your experience in seeing so many winning stocks um g give you that that that confidence for example um you know looking at ALABS seeing that move from

90 or sorry 40 to 260 and then um being willing to buy it up here at 190 on the on the pullback to the 50-day knowing that uh confident that there's good

upside potential left in the trade um or even on Tesla um you know up at 500 00 about to break um all-time highs. Does

your experience in seeing so many big winners um give you that that that patience and that selectivity to to to stick to those? Um and I've got a follow-up question after that.

>> Wait, so what repeat again what was the >> Sorry, I ended up I I ended up rambling again uh a bit. Um

>> you've seen a lot of winners throughout your uh career.

what is like a a a non unreal a realistic expectation for something like ALAB um

you know to look at years from now like man how far >> you know so I I I picture model book right and if I'm I'm trying to find the next one to go up a thousand% to you

know I'm I want that if you start looking like I think I was talking about it with Ry not that long a you know a lot of these moves on the big big winners are a thousand 2,000 3,000 and

in many ca you know the the biggest winners the Cisco of the world and the Nvidia of the world some ridiculous amount I think if I'm not mistaken the the Cisco move from its IPO to the high

in March 2000 was 65 70,000% something like that right so Bill and let me tell you something I have Bill O'Neal is is the king of

holding the stock through base after base after base for years. He's

operating on a weekly chart um like Nick does it. I have I have gone the the the

does it. I have I have gone the the the route of a meat rye and try and just that 21 day has become key for me and

not for my whole position but it's it's it's a lot I use that as as a guide a lot more now

on my positions than I did um than than letting it all be for the it just took volatility out of my account.

Now, it's not that I'll sell a whole position depending on where I bought it, right? If I bought it early enough, for

right? If I bought it early enough, for example, you can go back to the Teslas of the world once again, right? Ry

bought that hood perfectly. Um Nick,

he's yelling at us the whole I think Nick started buying Tesla, I want to say at he started at an average of 300. I think he averaged up to about 320ish

and he's got a giant position in it. So

now, so for him and what I would do if I were him and smart enough to have bought it back here in size is I'll always give it a second day. So on the closing

basis, as much as painful as it is, um assuming this was the 21 day, right? I

the only reason I used the 10 today is because I got topheavy off the 10. But

let's say I was w let's say this was my line, but I had a a a better bought position. Let's if the green line was my

position. Let's if the green line was my line, I will typically wait for us tomorrow. And if it undercuts this

tomorrow. And if it undercuts this immediately, I'll just be out. But what

I'm hoping is that it as long as it doesn't undercut the low of this day, I'll give it as, you know, a few days to reclaim. And a lot of times it does. And

reclaim. And a lot of times it does. And

a lot of times on that sec it just reclaims on that second day. Sometimes

it takes a few and you know, and it depend. going to be on a a a base by

depend. going to be on a a a base by uh stock by stock situation because there's going to be times where a stock goes much further below its moving average and you have to, you know,

finagle the stop a little differently.

It just depends. I hope that wasn't too too convoluted. So, I guess what I'm

too convoluted. So, I guess what I'm saying is on a on a normal position that I buy, let's say I'm up 20% 30% on the position now it's coming in. We're

testing the 21 day. Now, I'm only up 21%. you know, I was up 30% at my highs.

21%. you know, I was up 30% at my highs.

Now, on a closing basis, I'm watching that 21day for a third to half of my position. This is my, just so you know,

position. This is my, just so you know, this is my basic sell rule. Yeah. So,

depending on where that stock is overall, the group, where it is in its cycle, I'll sell a third to half on the second close below the 21-day moving average is basically how I do it. I have

very specific rules for that. And then I wait um for the 50-day for the rest.

Right. If it's an early stock, I'll I will tend to um buy all that back if if I'm lucky enough it pulls from the 21 to the 50 and I'll

buy everything right that I sold back at the 50. Normally, I over buy it and then

the 50. Normally, I over buy it and then let that go on the way back up, which I you know what we've always called or I've always called swinging around a core. So, a lot of times that's what I'm

core. So, a lot of times that's what I'm my performance enhancers. I try to stick to the stocks that I'm already in. Um,

I'm in six stocks now. I try to keep it to, if I can, I'll try to get it pushed into my best three and then I leave maybe 10 20% plus, you know, some margin

depending on how comfortable I am, how cooperative the market is to um, juice those positions up or to, let's say, um, anticipate the quantum names. Let's um

if my my cushion right now wasn't wasn't big enough from uh you know the most recent push off the 50day. So it it it's always a matter of my you know where my

progress is overall on the account, the positions that I have. How many do I have? A lot of times if I already have

have? A lot of times if I already have five or six on and I'm dying to buy another one, I a lot of times I just won't buy it or I force myself to sell

um to replace it. So, I'm not I once I start getting out over my skis on five or six stocks, I just it's too easy for me on a stressful down day

to make mistakes is what I have found.

So, dealing with fewer is better.

Ideally, I love to deal with no more than five, including my extra my extra two or you know, my extra couple stocks or my extra exposure on the stocks that

I already have. So, I'm like that three to five stock number is my sweet spot. I

I I have an easy time managing about that many stocks. Once I start getting past that, my brain starts short circuiting.

>> Is there um uh I'm guessing you're going to continue to watch Tesla over the coming uh days and weeks uh as it potentially rebuilds. And I I and who

potentially rebuilds. And I I and who knows I wouldn't be surprised if it opens inside day tomorrow and I just and I get forced into playing it back off the 10day. Um so I'm trying to

the 10day. Um so I'm trying to anticipate like my guess is is this that it's going to break out and explode. So

I'm trying to at least get something on before that happens if I can. I was

greedily trying to work the 10. But

yeah, let's say this thing opens and opens gaps up and stays above the 10day.

Now I'm back. So let on strength I'll be watching here and along with its 10day moving average if you want to get fancy right like if I'm I'll I might throw up

that 8day EMA doesn't make a very notice where it is there zero difference really pennies apart on a $400 stock doesn't matter um so this

on strength I want it above the 10day and let's say this little uh swing high if it opens lower then we'll just see what happens. I'll be

watching the purple and cayenne lines.

If it looks like it's going to undercut, you know, bounce, reclaim, I'm always waiting for it to show me support there and then begin to bounce. Once it starts to bounce at what I believe is key

support where my expectation is, that's when I go to my 3minut chart and try to work my way in, you know, versus the low on that U-turn. Or let's say I'm

watching a U-turn reclaim. If the low is too far away, I'll watch um I'll just use the moving average that I'm watching the reclaim on as the sell stop. And so,

and I always try to do nothing as all or one. I'm a big fan of working my way in,

one. I'm a big fan of working my way in, working my way out. So, a lot of times I'll have all right, I'll sell half at the low, half at the, you know, half at the average, half at the low, that sort

of thing. So, it's not always all or

of thing. So, it's not always all or none for when I'm wrong.

>> Gotcha.

>> Yeah.

So, yeah, it just depends, right? So, um

I won't be too bummed if it, you know, now if it gapped up and, you know, gapped up through the all-time high and, you know, then I'd be a little bummed if

I was chasing it up there. Um, but yeah, I I'm a I'm a bit of a Tesla Tesla junkie also. So, you know, just

junkie also. So, you know, just >> I don't drive one, but I I that stock has been very very kind to me over the years. So, it's I have some stocks on

years. So, it's I have some stocks on the no trade list. I have this is one on the I can't stop trade list. So

>> there you go.

>> Love that.

>> What is uh well what's one of your your favorite favorite stocks ever or you know favorite like most memorable trades ever that

>> you know it's it's crazy some I'll tell you. So here I'll give you my high

you. So here I'll give you my high quality best trade that I'll always remember. um the 90 you know the 99 time

remember. um the 90 you know the 99 time when brokerages were just coming online the beginning of the internet Charles Schwab started trading like a growth stock right because it had you know now

anything that has quantum or AI explodes back then anything.com exploded so Schwab became a dot stock I put on a big position right at the breakout

um and I sold it top day it was down that day by the time I sold it was I was literally I was on on the road watching CNBC, which I never do anymore. And I

was like, I found myself jumping up and down in front of the TV like, woo, cheering. And I go, if that ain't it,

cheering. And I go, if that ain't it, right? And actually, I had a buddy who,

right? And actually, I had a buddy who, you know, has always been listening to me. And he's like,

me. And he's like, >> aren't you the one telling me you're supposed to sell when you're cheering like that? And I'm like, yeah. It's

like that? And I'm like, yeah. It's

funny you say that because I was just thinking this thing. I literally picked, you know, this is when there is no online trading. I picked up the phone,

online trading. I picked up the phone, called my trader on the O'Neal desk, and you know, sell Schwab at the market. By

the time he sold it, it was already pink for the day. You know, I was cheering when it was blue by the time, but yeah, I I bought the breakout perfectly. Sold

top day, but not while it was up. I

didn't sell top. I you know, I sold negative on the day, but the the the highest it day of the of the run. Um

less significant. Now, here's my here's my low quality trade. Okay. So after the market finally put in a bottom in I guess it was 2002

market followed through but it took a few months before cooperation began. It

took till about summer and that summer I remember I'm like looking at this little and I think the company still exists today. It's called Travel Zoo Teu

today. It's called Travel Zoo Teu and my guess is you've never used it.

I've probably never heard of it. I mean,

this this how long this has been around.

I've never used it. I've never heard of anyone who used it, but it turned into Here, let's Oh, that's right. I don't

have the I don't have the data that goes, but anyway, this thing started absolutely ripping in 2002, 2003, and it was one of those I didn't buy it

perfectly but I swung trade, I guess, if you will. I

had a position and swung. I just

absolutely killed it in this stock. And

it lit I don't remember if it had earnings or not but all I could remembered it was one of these.com stocks that I've ne to this day I don't think I've ever most people will be like what's travel zoo

and if they know what it is I mean tell me if I'm wrong have you ever used travel zoo have you ever heard of it have you ever heard of anyone using it so anyway I've made a lot of money

trading travel zoo >> I'm looking at this uh on the on the monthly time frame I've got it on it's

2000 goes from 10 to 110 just in randomly here in the middle of u of 2003 and >> yeah so that yeah it was that so this is

one that I just remember it was super kind to me like you know Tesla style and to to me just a to so funny because just total garbage what the hell is travel zoo >> would you trade this today

>> no way no way that's um you know even here I don't think I would have done it. The

only reason I did it, it was because, you know, it probably n it was what like a dot heater that you could just >> it was cooperative. I could buy it and it it would explode. I'd sell I'd buy it

back. It work it my personality got

back. It work it my personality got along with it. And there it's amazing.

There are some stocks like a Tesla that my personality works with really well.

And then here I'll I'll show you one of the best stocks of all time that I have is is on my never trade again list. Look

at this. And if you go back beyond it, >> this stock has stolen so much money from me. I can't begin to tell you. So I I

me. I can't begin to tell you. So I I for whatever reason, every time I can tell every time I've put on a significant position in this, which is

clearly one of the best stocks, period, if not in its group together. I it you look at it and go, Ross, how do you lose money trading that? And I'm talking

about back here. I couldn't make a D, right? So, and you'll hear a ton of

right? So, and you'll hear a ton of people that this they're, you know, from that time they made an absolute killing.

And so, for whatever reason, yeah, I have never been able to to uh Yeah, this is on my never trade again list. No

joke. Not it not just do not trade, never. It's a it's me and Service Now is

never. It's a it's me and Service Now is to me it's a cursed stock for me.

And it's right and I look at that monthly and I think it's hysterical because there's nothing wrong with it.

but I can't trade it. Whereas Tesla is good to me.

Yeah.

>> SI was another one that was really good when that thing was on fire and it was fine. That one was easier because chips

fine. That one was easier because chips were a legitimate group that had earnings. It

felt like there was a story there. But

uh you know that was that thing was wild and crazy. You had to buy it exactly

and crazy. You had to buy it exactly right. But when um MSTR I'll give you

right. But when um MSTR I'll give you another one, right? When Bitcoin was on fire and MSTR was kind of like that's another one, right? I will I will use those as performance enhancers.

>> This would these would be strictly like performance enhancers for >> SMCI I was a position but MSTR never because that's just Bitcoin really right? It's a like that it's a software

right? It's a like that it's a software company but you know the CEO Michael Sailor BA basically made it a Bitcoin d it's Bitcoin if you look at the balance sheet it's Bitcoin.

>> Yeah.

>> So but when that here let's pull it up.

I'm sorry. I'm like asking you to remember. Um, no need to. So, back here,

remember. Um, no need to. So, back here, you know, when this business is going on, I will trade the heck out of these things even though it's not a growth stock. And in general, I tend to stick

stock. And in general, I tend to stick to traditional style growth stocks. Um,

mostly, you know, tech. I will go to biotech, less so now. I I have much stricter rules around that after the disaster I've made that one time. Um

uh yeah so SMC so anyway yeah SMCI had had a reason whereas MSTR I will never this is going to be purely technical and you know I trade these when I'm doing

them when they're when they're on fire with one finger on the sell button you know why you with very strict lines in the sand and I just got in a rhythm with this I'm in a rhythm with Tesla whereas

service now and I'll tell Another one.

Believe it. Um,

don't ask me why I remember, but this stock is cursed for me, too. And look at it.

>> UTR, what we got here?

>> I can't tell you how it's it's Yeah, I have a good good buddy that runs a billion or so in healthcare.

>> Oh, yeah.

>> And, you know, it's just so we talk about this all the time. Anytime I Yeah.

So, but yeah, this has been a a bane to my existence along with service now. So,

this is on the never trade again, do not trade list and look at it, right? So,

>> I don't know what it is.

>> I might stick away from these two.

>> No, it's just it's not it's just me. I

mean, dude, trust me, everyone, you know, so it the personality is a big thing. So, a lot of times I do, you

thing. So, a lot of times I do, you know, after doing the making the model books with Mike and Charles for Bill and I've made a bunch on my own and I started to notice most times when Bill has all of his money in one stock, it's

one of those big liquid names that respects a short-term moving average until it doesn't. And it they're very organized liquid um

they have an aggravationfree personality in general, even if they are even if they're big movers like the Qualcomm at the Qualcomm at the time, AOL,

uh what you know those big liquid ones.

So I'm like, I'm watching the king.

What's he doing? Right? He's putting all when he puts all of his money, and I'm talking a lot, like a lot into one stock. It's always one of those stocks

stock. It's always one of those stocks that's super tight and trades in a in an organized what I would call less aggravating manner than many others.

Right.

>> What do you think one or two of those stocks is right now?

>> What what would he own? Yeah. You know

that that's so it's funny. You know, I would I automatically I don't know. I'd

have to go back and look, but I would say I don't know if Hood would be on there, but it's going to be one of those big ones that, you know, follow through

at the perfect point that super liquid follows it. You know, it it's always one

follows it. You know, it it's always one of those. Um, and I'm not saying it

of those. Um, and I'm not saying it would be Hood for sure, but it's always going to be one of those super liquid names with giant earnings that trades in

a semiorganized manner, if you will, right?

[Music] What would it be specifically? Yeah, if

you gave me a list of names, but yeah, we I could take a wild guess, right?

Because, you know, he it's not going to be, you know, some of the fang names are they're just slow. glide. I He's going to look for something that probably moves a little faster than an Nvidia,

but you know, trades like a high quality Nvidia when it's going like when Nvidia used to be hot >> that it's always one of those stocks.

Always.

>> Now it's $4.5 trillion dollar after going what 20x.

>> Yeah. Yeah.

my you know my partner David when we closed the fund he told me he took his money out of the fund it was a significant amount and he told me Ross I'm putting it all in Apple you know

it's not wasn't all that you and and I'm just leaving it and he did that was in 2010 and he hasn't sold it >> wow >> he's only added right so that you know

that's you know >> yeah no right so that that so when I say he he's another one of those guys who's just, you know,

he's got that when he's right, he's right, that cowboy size and it's amazing.

>> So yeah, and but the reason he had the fundamental confidence in it and he, you know, from the, you know, he one of the smartest guys that I know. I wish I had listened to him. I can tell you why I

didn't, but that would that's for a another day and people might might want to have a glass of wine before they listen to that horror.

>> Apple is up a cool 2,500% since then.

>> Yeah. Oh, yeah. If if it's insane what what he's done with that trade. We'll

just leave it there.

Um hey before we finish this out uh any um you know true just like you know one to tweliner foundational

uh piece of knowledge for you know someone in their first one to two years of trading uh to make the to make the journey um a little bit easier and

faster. Um, first of all, I would say

faster. Um, first of all, I would say like a lot of pe I know it's talked about a lot more now and it's a good thing on Twitter, which is the the mental psychological side.

Not only as it pertains to your trading like um and I'm sure you've read it, right? Mark Douglas's um give me the

right? Mark Douglas's um give me the title. I'm drawing a blank

title. I'm drawing a blank here. Let me look.

here. Let me look.

We're going to go there. I'm just going to stop Mark Douglas's book, which is trading in the zone.

>> There you go. Trading in the zone. So

that directly to trading.

But uh you know getting a bal you know balancing your life and not letting your personal let me just tell you I learned the hard way that you know your personal

life can have uh can can mess up your mess you know mess up your thinking to to say the least. So

I'd say it's important to un to keep a balance. Um, for sure understand the

balance. Um, for sure understand the Mark Douglas trading in the zone type of trading, how it relates directly to your trading. Like here off off the top of my

trading. Like here off off the top of my head, for example, just we'll find that um what's what's I'm just trying to think of one of my more favorites.

So, for example, let's say your your last three trades, you know, you followed your edge perfectly, but it hasn't worked. You had to take three

hasn't worked. You had to take three losses in a row and now human nature takes over. You start to get a little

takes over. You start to get a little emotional. You're losing money. Fear

emotional. You're losing money. Fear

goes and then you maybe you make the your next trade a little smaller or you hesitate because and he explains it so beautifully. But

you're, you know, if you can keep your head straight and you're following your rules, the chances of that trade work, those last three trades have really have no effect on your on your next one. And

it's hard. H I'm doing a horrible job of explaining it, but it's that those sort of things that you're aware of um when

you're doing them. But for me, it was trading when I should, you know, trading when I shouldn't be. Let's just say, you know, sick parents, um relationships,

that that sort of thing. um even in a good market after you've proven to yourself uh you know be care I would say that always be aware be kind to yourself

don't beat yourself up um give yourself two or three years to really get it under your belt I'll be honest with you I I learned it as a retail broker and then I got to O'Neal and after reading the book and thinking I knew so much

after two or you know two and a half years of reading it and talking about it to all my you know retail clients I realized I knew nothing right and I literally started learning But that

being said, when my real, you know, I lucky to have Bill there. So the the prior education, don't get me wrong, like reading it and going through it, but I they really refined me, right? I

would sit and talk and they'd ask me qu and but I I would it's that two to three years. I mean, unless you're superstar,

years. I mean, unless you're superstar, I I haven't found anyone outside of it.

if anything longer. Try hard to um give yourself a chance. Um be aware of your personal life. Um

personal life. Um if you're in a bad way outside of trading, making good trades is very difficult for whatever that's worth.

Maybe that's obvious to everyone else.

Um I learned that, you know, the hard way over time and it's fine, right? You

deal with it. You come out, I'm not suffering. Um

suffering. Um after that I would say it's all about once you have once you know the rules right once you know your quantitative rules it's just a matter of time and if

you'll get that down then it's risk management it's a matter of taking for me I think it's a matter of finding whether it's Mark Venervini or Hanslim

or Stan or Paula Maggie or prey bond or any those these guys have all taken a bit you know it's all a similar growth methodology for me. I'm doing something

a little different. I call it Stan Slim as a joke. But really, I've done nothing except put I feel like Bill invented the car, right, with Can Slim. He invented

I'm not reinventing the car. I'm just

putting on some exhausts and some cool rims and you know that sort of thing.

I'm just So, and I you know who I heard say this so long is the the fib queen. I

I heard her say I was at in at a Vegas conference and and you know people set up their booths and she had you know she had a big crowd around her and she's right. It really struck home with me.

right. It really struck home with me.

It's about finding something that works where you know over like it's proven you've got a system that works. Um

it's about making it your own right everyone learns differently thinks differently has a different perspective.

And so you can take not just Bill, you can take any of these methodologies within their because I'm not breaking any Bill O'Neal rules. I've just molded them to fit my new system, so to speak,

or my new entries. And he

he might think I, you know, if he was still around, tell me I'm I'm nuts for doing it. But I'll tell you, as long as

doing it. But I'll tell you, as long as you have a proven edge and you're managing risk, you're good to go. Managing risk is all that matters, right? Once you get your

philosophy down and you have an edge and you know it works and it all comes to managing risk and then the money comes right so for me those have been the

stock picking is the easy fun part I think is what I'm trying to say right so it if you can keep your mind straight and that means not letting the market get to you not letting stressful life

get to you like you know when those things happen um it's all about you know patience optimal entry risk management and I think that would probably whether

you're using FIBS or buying off the bottom or whatever your methodology is that not having FOMO you know having always having a good idea of where you

are I could understand if we you know we all of these stocks we just had a 98 to 2000 type of move already tons of leaders were having climax tops and then you missed all that then I could

understand but we are tr what it looks like to me at the very beginnings of things breaking out to new highs. The

new companies related to AI, quantum, and space have only started to emerge, right? Think of all these. They all need

right? Think of all these. They all need semiconductors. All this stuff, right?

semiconductors. All this stuff, right?

This was the Bill O'Neal New America thing. So,

thing. So, I'm just so damn excited for for what's out in front of us over the next few years. So, if you can find, you know,

years. So, if you can find, you know, whether it's I don't care what it is. It

can be stands, bills, it doesn't matter.

Get it down. Rosses

>> manage risk, keep your head straight, the money will come.

>> I love it.

>> Yeah, >> that's kind of that's in a nutshell. And

it it's it's simple but not easy, >> right? funks.

>> right? funks.

>> I am >> I would say and I don't want to be presumptuous, but if you your audience, you whatever you ever want me to come back and answer more questions, let me

know. I we don't have to squish it all

know. I we don't have to squish it all in tonight, I'll come back and uh we can do it again.

>> Ross, gladly. Thank Thank you very much.

Um uh everyone in the audience is um has just been uh talking about how how how awesome some of the things you're saying. they were, you know, repeating

saying. they were, you know, repeating some of the lines uh in there uh to to remember. Um and you know, just the uh

remember. Um and you know, just the uh just the the the sheer knowledge uh experience uh wisdom uh that that you have um and then to be willing to share

it uh you know with us here today. We're

gonna I will I will gladly uh take you up on that offer uh to keep you as a resource. Thank you.

resource. Thank you.

>> Awesome. Awesome. Awesome. Yeah. I mean

next time Yeah. You can go through and if you want, you know, I've got a constant list. Um, here you can say here

constant list. Um, here you can say here we'll we'll do this like here's my my list from today. You'll see it's only 40 names. So here we've got it, right? You

names. So here we've got it, right? You

record this, right? So here, you know, >> and this is just the list that I put together as far as stuff that I want to have my eyes on for tomorrow

potentially, right? And it may be two or

potentially, right? And it may be two or three or nothing that happens or whatever. But anyway, this is my uh

whatever. But anyway, this is my uh little list for going into tomorrow.

>> Here we go.

>> Um, and oh yeah, so what I was going to say, next top, right? So, we can do general and if you want, we can go, you know, I always have the I pretty much always have this list up to date. We can

go through stocks, we can take requests, we can go through whatever. I'm always,

again, I'm always willing to share exactly how I do things, what I'm holding, so on and so forth. So, I'll

shut up now. Yeah.

>> Hey, no. Uh, Circle, you got Circle on that list?

It's made a nice uh 16% move today. Uh

remounted the 50-day from underneath. Um

this was a nice little candle today, >> right? It's just coming up off the

>> right? It's just coming up off the bottom. So, I'll I didn't I didn't I

bottom. So, I'll I didn't I didn't I wasn't slick enough to catch any on the way up, but if it can show me a push up through these moving averages, I'll just wait for it to tighten up again. Um

maybe it, you know, so maybe it does, maybe it doesn't. But that's my I ideally I'm right we got the moving average I'm sorry the RS line back through the 21 exponential moving

average the big volume push through got a little resistance at the orange 65 exponential but yeah I'll just be watching for it to my I'm hoping that it will tighten up and give me an entry

right core weave similar thing right this this I think has mega potential right this one's a little further up the right side already but this thing this is no hood

or right, Bill O'Neal saves this for what he the little guys like when I was when I first started, you know, I I start with $5 million. Bill's not going

to put, you know, $500 million into core, right? Not to mention, I don't

core, right? Not to mention, I don't it's liquid as can be. Maybe you could get away with it, but this kind of whippy stuff, he would I would say the likelihood of him having

a giant position in Corg would be slim.

This is Yeah. So anyway, um I would if I can catch a circle doing this sort of thing here, right? Push up

through and tighten up. I would start to anticipate these tight closes possibly, right, with a sell stop at a at a low or the 10day as it catches up. And a lot of

times I will trade off a short-term moving average and if the market's cooperative, the group is right, it just gets me in and up and I'm good to go and then I can start raising my sell stops.

>> Very nice.

So, >> thank thank you, Ross.

>> Yeah. So, anyway, I'll let everyone go.

I know it's been a while. Thank you so much for everyone uh staying and listening to me blab. I'll look forward to coming back then. Just let me know when you'd like me.

>> This this this was awesome. Thank you.

Thank you very much. Uh take care. Have

a good evening. Um yeah,

>> absolutely. Good night, everyone. Thank

you.

>> You guys. Thank you, Ross.