The Powerplay Trading Setup | Interview with Pro Trader Mark Ritchie II

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  • čas přidán 6. 09. 2024

Komentáře • 98

  • @mahanteshharihar8182
    @mahanteshharihar8182 Před 2 lety +37

    Such a power packed interview that one can't afford to miss for a second what Mark is telling. This was possible because of your high quality questions. Thanks for the interview.

  • @RichardMoglen
    @RichardMoglen  Před 2 lety +10

    Going over charts at 35:00 was fantastic, highly recommend watching.

  • @RichardMoglen
    @RichardMoglen  Před 2 lety +15

    Timestamps
    0:00 Intro
    0:47 Mark's Background
    3:25 Love for competitive games
    6:25 Beginner trading mistakes
    8:35 Style Drift
    10:35 Staying Disciplined with a Strategy
    13:15 Having a consistent process
    16:20 How to analyze market conditions and find setups
    20:00 Mark's Daily Routine
    25:00 When do you buy a stock?
    26:49 Mark's Trading Style
    28:20 Selling into strength to finance a longer trade
    30:30 Situational Awareness
    32:44 Buying Breakouts versus Pullbacks
    35:30 Charting: Powerplay Setup
    39:00 Shakeout within the setup
    41:30 X US Steel Losing example
    43:20 VYGR Example of a powerplay that wasn't tight enough
    44:30 TH example
    45:40 UUUU Example
    46:40 Constructive Price and volume action
    47:40 Shakeouts, Driver behind a HTF, Neglect phase before the setup
    55:20 Overhead Supply
    55:30 Buy point and stop loss placement
    56:30 LUNA Crypto HTF
    1:00:14 DOT Crypto HTF
    1:01:28 Selling into Strength
    1:03:44 Length of the HTF base
    1:05:58 Current Market Conditions, what would mark need to see to get aggressive
    1:07:55 Conditions can change quickly
    1:09:00 Ignore old leaders
    1:09:40 Stocks point you to the leading groups
    1:10:20 Does Mark consider Macro conditions?
    1:13:10 How to do Post Analysis
    1:17:00 Advice for traders

  • @MikeLocke
    @MikeLocke Před rokem +1

    Probably heard this a lot, but you have a gift for interviewing people. Great listener, great questions.

  • @AdityaDas720
    @AdityaDas720 Před 2 lety +3

    Trading or Speculation is a Reflection of your Personality...... I loved this Line.

  • @swingtradingscience
    @swingtradingscience Před 2 lety +9

    I learn so much from every interview!!! Keep these up Richard! Just finished momentum masters and have really grown to appreciate Mark's strategy.

  • @user-ju8rq5ui9x
    @user-ju8rq5ui9x Před 7 měsíci +1

    One of the best interviews yet imo. Great work Richard, and thanks for the insight Mark.

  • @leihe5215
    @leihe5215 Před 2 lety +6

    Very excellent interview, interviewer and interviewee! Thank you Richard and Mark. A little suggestion may I , for the real example in the interview for the entry point, if you could ask them how did they exit the trade, that would be great, I am so interested and curious about it!

  • @od1nh1ll
    @od1nh1ll Před 2 lety +4

    Mark is one of my favorites, really able to articulate his strategies
    Also has a nice down to earth vibe doesn't feel the need to cringe flex

  • @bmcg4029
    @bmcg4029 Před 2 lety +1

    Thanks Mark and Richard. It doesn't grow the account, but it is reassuring to hear more experienced traders voice out how tough the markets are these days. Good interview, as usual. (ForwardtoInfinity).

  • @Shubharwal
    @Shubharwal Před rokem

    This is exactly the kind of explanation i was looking for on HTF/Power Play setups. Turns out I have actually been doing what Mark has explained here. Thanks a lot Richard for bringing us this wonderful interview. HTFs and VCPs are the only 2 setups I trade and this information just boosts my morale to keep it going!

  • @hatsigeo1283
    @hatsigeo1283 Před 2 lety +1

    No disrespect to the previous guests because you have had some super pros on your channel Richard but this Ritchie guy is a really good interview. Thank you.

    • @RichardMoglen
      @RichardMoglen  Před 2 lety +1

      Thanks JH, yep always great talking with Mark

  • @ajayp3620
    @ajayp3620 Před 2 lety +1

    1:00:00 walkthroughs are always cool to watch..
    this is really educative..thanks Richard..

  • @tomlaws5605
    @tomlaws5605 Před měsícem

    I see someone commenting on the lighting, which I think is nonsense. As long as the microphone is close enough to the speaker I'm happy. Interviews like this are mostly just listens to rather than watched.

  • @kjgetsbetter525
    @kjgetsbetter525 Před 2 lety +4

    Very similar to Qullamaggies style of setups. Highly recommend checking out his stuff too if you’re interested in these type of trades

    • @RichardMoglen
      @RichardMoglen  Před 2 lety +2

      Yep he is another fantastic momentum trader

    • @kjgetsbetter525
      @kjgetsbetter525 Před 2 lety +1

      @@RichardMoglen Any plans for a potential interview with him??

    • @RichardMoglen
      @RichardMoglen  Před 2 lety +4

      @@kjgetsbetter525 I’d be happy to, he’s got an open invitation

  • @juliofurtado5642
    @juliofurtado5642 Před 2 lety +3

    Awesome work Richard, thanks for bringing world class traders to the channel

  • @ClubdelTrader
    @ClubdelTrader Před 2 lety +1

    A lot of golden nuggets here. Keep up the work Richard!!!

  • @sandcena
    @sandcena Před 8 dny

    Trading should be simple and disciplined , I loved this

  • @tedpappas1559
    @tedpappas1559 Před 2 lety +2

    Another great interview with Mark, thanks again gents for all the hard work you put in and for the education, very much appreciated 👍

  • @rit20095
    @rit20095 Před měsícem

    Great interview...very much insightful ...so much to learn

  • @chandraprakashtomar
    @chandraprakashtomar Před 2 lety +2

    The Example Given of HLG Is really Great.

  • @Nickcollison
    @Nickcollison Před 2 lety +5

    A suggestion. It's great that you have a great camera and microphone but, you could make the interviews even better quality, if you spent some time getting your guests to position their camera better, and also not have light behind them but in front, so that their picture is better quality. Sorry Richard, they are the star of the interview and should look better than you !

  • @BingoPooh
    @BingoPooh Před 2 lety +2

    Great interview! You have the best interviews! I really enjoy learning from them! Great questions! Thank you!

  • @teslamr7333
    @teslamr7333 Před 2 lety

    CUTR looks like SUFB, The previous base looks very similar how it doubled and then fizzled out. I think it’s better when you have a stock that doubles after it comes out of a base. The spreads on this stock are also so wide, I don’t know how someone can put any size on a thin stock like this.
    If anyone wants to study a power play go look at PRTS which broke out on 07/08/20.

  • @Steveocork
    @Steveocork Před 2 lety +1

    another gem , thanks Richard & Mark

  • @Ezdeharmediaa
    @Ezdeharmediaa Před 4 měsíci

    How should we ignore the market when one of the required ctiteria is rs

  • @thapa81
    @thapa81 Před 2 lety +1

    Great interview. Thank you, Richard and Mark.

  • @arunricky
    @arunricky Před 2 lety +1

    Great video again. Thanks Richard and Mark.

  • @rocketPower047
    @rocketPower047 Před 2 lety

    The best HTF I ever bought was Tesla 2013, which occurred right after a massive saucer breakout. Wish I caught saucer BO

  • @andrewplante7232
    @andrewplante7232 Před 2 lety +1

    Great video again Richard! I was looking forward to this video and it is fantastic as expected. Thank you!

  • @klazarov
    @klazarov Před 2 lety

    Thank you for doing this kind of interviews Ricard!

  • @TO9729
    @TO9729 Před 2 lety +1

    Thanks Richard, excellent set of questions.

  • @helipilot7762
    @helipilot7762 Před 2 lety

    Outstanding! Minervini protege!

  • @figgy163
    @figgy163 Před 2 lety +1

    Excellent interview, great content as always. Thanks to both 👍

    • @RichardMoglen
      @RichardMoglen  Před 2 lety

      Glad you enjoyed it! Thank you Tony take care

  • @jaysteve4442
    @jaysteve4442 Před 2 lety +1

    Really good interview. Great info. Thanks to the both of you guys 🙏🏽🙏🏽

  • @Swishormiss
    @Swishormiss Před 2 lety +1

    Another great interview. Thanks Richard

  • @cliffordt1224
    @cliffordt1224 Před 2 lety +1

    Nice interview. I don't understand rebranding the high tight flag.. but interesting.

    • @RichardMoglen
      @RichardMoglen  Před 2 lety

      I wouldn't put much thought into it, people have many different names for the same setups

  • @someday001
    @someday001 Před 2 lety +1

    Great interview👍🏻 Very informative.

  • @KINGFLX
    @KINGFLX Před 2 lety +1

    Amazing wonderful insights so helpful to match up some of my own thoughts to those discussed 💯/💯

  • @kayz1553
    @kayz1553 Před 3 měsíci +1

    55.50
    Crucial

  • @lifelessplum
    @lifelessplum Před 2 lety

    As usual another great interview!

  • @seek3n
    @seek3n Před 2 lety

    primary watchlist 15-100 stocks?

  • @ketan3233
    @ketan3233 Před 2 lety +1

    wich trader you follows personaly ?

  • @swiss-man7733
    @swiss-man7733 Před 2 lety

    Great interview, do you know the name of the broker he trade cryptos? Thx

  • @paulader9007
    @paulader9007 Před 2 lety

    Love listening to traders that don’t know or care anything about the fundamentals of what they are trading. Good thing he got out of terra Luna and didn’t get into voyager

  • @julesboss79
    @julesboss79 Před 2 lety

    Great video again Richard thanks so much for the hard work its gold content for me. I have a question if anyone could help me (I am kind of new to this), at 28:44 when he talks about sell out a piece at multiple of his risk from 2 to 5 to 1? He is just referring to his ratio right ? (example he has an SL at 5% he will take a portion of profit at 10% 25 % and 5%? I dont really get the "1" coming after 2 and 5)

    • @RichardMoglen
      @RichardMoglen  Před 2 lety +1

      Yep! 3-1 Means a 3X multiple on his risk

    • @julesboss79
      @julesboss79 Před 2 lety

      @@RichardMoglen Ok make sense, thanks Richard !!

  • @zhaoliu7166
    @zhaoliu7166 Před 2 lety

    非常感谢!

  • @movableimages
    @movableimages Před rokem +1

    all meat no fluff!

  • @sherlock4791
    @sherlock4791 Před 2 lety

    Im always get traderlion and richard moglen podcast mixed up
    I really thought ive alr watched this

    • @RichardMoglen
      @RichardMoglen  Před 2 lety

      I also interviewed mark for the traderlion channel but we covered different topics

  • @abhiseeker1579
    @abhiseeker1579 Před měsícem

  • @kingjimmy442
    @kingjimmy442 Před 5 měsíci

    He might be good…But his Uncles are Last of Legends.

  • @kreative159
    @kreative159 Před 8 měsíci

    Seem like he did not focusing on the questions, the answers were too long and not sharp.

  • @mahditrader2485
    @mahditrader2485 Před 2 lety

    ❤👏👏👏👏👏🤑🤑🤑🤑🤑🤑

  • @Andrew-dj1wd
    @Andrew-dj1wd Před 2 lety +1

    No such thing as "Weak Hands". That comment comes from Pumpers or Experienced Traders.
    There have been new traders in the last 2 years learning and making mistakes and successes who may at times have to Sell to protect their small cash flow and less experience.
    The lesson should be why do these so called "weak Hands" sell and why they should Hold. Its a teaching moment.
    All these Gurus do sell while others hold.
    Some traders have Held TESLA for 10 years.
    Some traders have Sold TESLA many many times for 10 years.

    • @RichardMoglen
      @RichardMoglen  Před 2 lety

      This interview is about trading.

    • @Andrew-dj1wd
      @Andrew-dj1wd Před 2 lety +1

      @@RichardMoglen yes I know. Was just referencing when the phrase 'weak hands' is used. Less experienced traders have to protect their capital by selling when they are at risk. Your guest also said he sells when at risk. Neither scenario is 'weak hands' because no one knows the direction of a stock, but the phrase is used after the fact.

    • @RichardMoglen
      @RichardMoglen  Před 2 lety +1

      @@Andrew-dj1wd Weak hands refers to anyone who uses stop losses. I agree with what you are saying. He is not using weak hands as a negative adjective. The goal is to be the last weak holder after supply has been wrung out within a base or after a shakeout

    • @Andrew-dj1wd
      @Andrew-dj1wd Před 2 lety +1

      ​@@RichardMoglen I have only been trading for 2 years, part time while working and trying to graduate from medical school. I learned trading from others on Twitter and CZcams. I have since focused on a few CZcams channels to develop some basics, a system, a few set-ups. Protecting Mindset is likely the top equity in trading. New traders who don't want to be labeled a "weak hand' or 'paper hand' on Twitter have held stocks and lost tons of cash and wrecked their mindset. That's my main point for your viewers.
      Your channel is awesome for learning.

    • @leihe5215
      @leihe5215 Před 2 lety

      @@Andrew-dj1wd"weak hands" is often used neutral term in trading. It also used in O'Neil's book and Mark's book. Don't take it wrong. I am/was "weak hand" a lot of time. I was shaken out and only watching the stock taking off without me.

  • @markmcgwiresbackne5705

    I know it when I see it is not a trade setup, it's said by someone who can't explain how they make money in markets. They don't know. Also, when something is so obvious in a hot stock/hot sector a 5th grader can see it, buy it. Stop buying behind peak formation highs and pin hammer engulfments in trash names. Forget this dude, bring me on your show. I will show your viewers real setups on an intraday basis they can profit from with pictures, with clear explanation, that happen over and over and everyday. Your audience needs it put in they're lap it's why they're here. This is useless.

    • @RichardMoglen
      @RichardMoglen  Před 2 lety +2

      Here are Mark Ritchie's Returns: twitter.com/markminervini/status/1526204860231823361?s=20&t=jybnTT4D2bj1LygqqcnPmA

  • @gf5050
    @gf5050 Před 2 lety

    Im gutted, ive really tried but i just cant listen to this guy. Shame coz it s great info…

  • @ps7857
    @ps7857 Před 2 lety +3

    Awesome content and truly inspirational...Marks strategy and comments/answers were easy to understand and full of common sense..if one watches this video once everyday profitable trading is on its way😄 thanks Richard for asking all relevant questions and keep up the good work👌👌

  • @thomascooktv
    @thomascooktv Před 2 lety +3

    One of the best interviews yet imo. Great work Richard, and thanks for the insight Mark.