Interview with Hedge Fund Manager Jim Roppel | Advanced CANSLIM Stock Trading Techniques
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- čas přidán 7. 07. 2024
- Today on The Market Chat we have an interview with Hedge Fund Manager Jim Roppel. We talk about being a hedge fund manager, CANSLIM, picking winning stocks and how to focus and capture the gains of True Market Leaders.
Timestamps:
Intro 0:00
Trading Books 6:12
Passions Outside of Trading 8:15
Robinhood Traders + Speculation 9:53
Running a Hedge Fund 11:45
Cryptocurrency 13:10
What is a True Market Leader 15:58
Liquidity is Essential 17:49
What Software Tools do you use 22:10
How do you time your buys 23:25
When do you decide to Hedge 27:22
FSLY 30:10
When do you re-enter the market after a crash 30:35
Important Reminders 33:22
Post-Analysis 37:05
Extending your Timeframe 42:00
Market Health 43:40
Current True Market Leaders 46:00
Tesla 46:20
Zscaler 55:30
Chegg 56:57
Up Down Volume Ratio 58:16
Livongo and Teledoc 59:30
How Important are earnings 1:00:07
How to Use PE Ratios 1:01:30
Coupa Software 1:03:06
What Stage Bases do you buy? 1:04:55
Pep Talk 1:08:57
Have a good one!
-Richard
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Disclaimer
The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything
I love Jim's perspective on trading. How he trades is not really my style, but there are definitely a plethora useful tidbits to glean and apply from his vast war chest of experience regardless.
Five important things about investing or Trading.
1. Know your opponent, i.e.(The Brokerage platform) and that your interest are not aligned.
The broker has a job to do, introduce you to the stockmarket, facilitate your trade and try take your money for the company they've been employed by. Anyone tells you different doesn't know how this game is really played, period.
2. Develope an entry and exit plan, before every trade, for he or she who fails to plan, plans to fail. No know what you want from your investment, Win Lose or Draw. The stock market is a percentage game not a dollar game. On average the stock market or any stock moves 1% up or down daily. There for a $100 investment, would only yield 1% Return daily, do the math.
3. Invest or trade only the best stocks because if you can't win with the best, you should know the rest doesn't stand a chance. When selecting a stock, understand it's fundamentals because it's not about timing when to buy it but rather the time you will spend in it, to benefit from it.
4. Day trading is not a reality for the average trader period because it's more about algorithms and high frequency Trading by big hedge funds. Don't be fooled by the stockmarket hype.The stock market is not a quick fix to your finances, it takes time to make money in this game.
5. My goal is not to discourage but to encourage you to make thoughtful and calculated moves. All that I ask, is that you do me a favor and remember where you heard from, peace, love and soul...
For me Jim is one of the rare guys spreading a kind of unique fascination for the unlimited possibilities of the economy bringing up game changers. Like O’Neil. I always enjoy listening to him. Top !
Well said!
Timestamps:
Intro 0:00
Trading Books 6:12
Passions Outside of Trading 8:15
Robinhood Traders + Speculation 9:53
Running a Hedge Fund 11:45
Cryptocurrency 13:10
What is a True Market Leader 15:58
Liquidity is Essential 17:49
What Software Tools do you use 22:10
How do you time your buys 23:25
When do you decide to Hedge 27:22
FSLY 30:10
When do you re-enter the market after a crash 30:35
Important Reminders 33:22
Post-Analysis 37:05
Extending your Timeframe 42:00
Market Health 43:40
Current True Market Leaders 46:00
Tesla 46:20
Zscaler 55:30
Chegg 56:57
Up Down Volume Ratio 58:16
Livongo and Teledoc 59:30
How Important are earnings 1:00:07
How to Use PE Ratios 1:01:30
Coupa Software 1:03:06
What Stage Bases do you buy? 1:04:55
Pep Talk 1:08:57
Watching this one over & over
Simply amazing, the free content that is available to the world is incredible, I believe we are just in the beginning of a golden era. Everyone is sharing for free. We are all getting so damn smart. This channel is accelerating my investing knowledge so fast!
Thank you so much .
just finished watching the whole video. learned so much watching you two guys talk about the market. strategies were discussed that i had no idea about. thanks for the content man keep it comin!
I've watched this over a couple times during editing and I will probably re-watch every month or so. There's a lot to take in.
These kind of guys are like celebrities to me! Fantastic.
A bunch of golden nuggets of wisdom. Perfect! Thank you
Thanks man!
What a great interview. So helpful. He describes in detail why i have owned a lot of these TML but get stopped out on small down moves. Only to have to try and buy them back much higher. Good stuff
Glad it was helpful!
Had to go back and watch this after watching his 2nd interview with Richard. Such great knowledge, you can tell how much Jim loves investing!
He sure does!
I could listen to Jim Roppel all day,! Thanks Richard for your wonderful interview with this legend.
Our pleasure!
Hard to pick just one, but "Extending your Timeframe" was one of the best parts of this interview!!
For sure!
Reading John Boik's Monster Stocks at the moment so I thought I'd watch this interview. I like the fact that Jim flew across the country multiple times to watch O'Neill's seminars. I guess we'll never know if he'd make a good lawyer... Great wisdom from the man, excellent interview as usual Richard, thank you to you both.
Thanks Tony Jim is great. I hope to have him back on soon
18:00 liquidity for major run because big players need it, 24:00 initial trade 10% otherwise it does not move the needle, 25:20 spike 1 day before earnings, 28:30 - 130% long in 6 stocks, 34:00 - vol can mislead, RSI and trend is better guide, 40:00 holds longer term 3 months, probability of doubling, 44:00 sideways market and leading stocks with high RSI, 47:00 trade execution - buy little extra 5% - 10% every 1-2 weeks of consol, 56:45 always need 4-5% risk, 58:20 - U/D ratio, 1:00:00 if no earnings, atleast 50 % sales, 1:04:00 the trend is the only thing that matters, 1:05:00 later stage bases- some stocks have 13 bases, cycle can be 18- 24 months, but identify TRUE leaders- best bouncing tennis balls
This should be mandatory watching if you are into the market. I’m old enough that I remember Gazarelli and most of the folks he mentions. It’s important for everyone to be humble so his note about Kathy wood is invaluable. Kathy will become Gazarelli but in the rear view and I totally love her work and thought process.
The wisdom in this interview is mind boggling, interestingly the interviewer, you, will actually not grasp the gifts that Jim is giving until you hopefully watch this again and again.
Great interview!
Thank you fir all you do.
Thanks Ross!!
Well done Richard, thank you
Thanks Scott!
Great interview and great questions to ask Jim Roppel. That guy is a legend!
Thanks Stephen! He sure is
Great interview Richard - Thank You. Always appreciate Jim's wisdom and views...
Glad you enjoyed it!
Thanks Richard, As always the best, Jim's wisdom, advise are great.
Glad you enjoyed it!
Loved this interview!
Fantastic interview! Thank you for sharing this with us all. I took more notes the second time watching it! Your channel is a goldmine!
Hey Bradley thanks for the kind words! I've watched this a few times over myself
Just found your channel. Fantastic interview. Really great. I’m a believer in CAN SLIM. I’ve learned a lot more today.
Thanks Mohomed! I recommend checking out Pat Walker's interview as well. He was fantastic too
I enjoy watching it , I will review all the videos you made asap , thanks Richard , Great job !
Awesome, thank you!
Wow! Great interview Richard - learnt a lot... great content and excellent questions by you! I think most times in interviews like these and those of IBD that I have seen go into a lot more details of buying good stocks and here you went into a bit more into number of bases and selling side of things. Would love to see more informative videos on higher number of bases and how and when to sell stocks - I feel there is truly a lot to talk about on selling aspects which not many interviews cover. It would be a unique thing to do. I never miss to watch your videos and something like this is worth while watching again...Keep up the great work!
Thanks so much! In my next one I'll be sure to ask more questions on selling and base count. Thanks!
One more watched and liked with great amount of gratitude. Thanks.
Much appreciated!
Great interview with great questions/answers ...many notes to write down. Thanx
Glad it was helpful!
Fantastic "The rookies puke at the bottom" that hit home for me. Awesome interviews, people would pay thousands for an hour chat with these guys!
Jim's great! I hope to have him back on soon
Well done Richard, you've got a knack for this! JC
Thanks Jack!
Awesome, loved the interview and his thoughts
Thanks Rahul! Jim is great!
Great interview Richard! Dismissing swing trading on the basis of taxes was too little simple of an answer...good point bringing Mark in... Like in politics systems fail and succeed depending on how you manage them.
Thanks Roger! There's many ways to be successful. Each has its benefits and drawbacks. It's about finding the style that fits your personality.
Great interview - Thanks Richard !
Glad you enjoyed it
awesome interview. tx for these series
Glad you enjoyed it!
Thank you...!
No problem!
Excellent interview. You get some great guys.
Thanks David!
Big time guest! Great video!
Glad you enjoyed it! Great to have Jim on he's fantastic.
Good job mate. I’m learning a lot from these. Thanks
Glad to hear it 👍🏻
This video was great, I learned a lot. I think I need to trade less and learn to stay in the good stocks longer than for a 20% gain. I find this to be the trickiest part without getting stopped out.
I agree, But there is the quality question as well. TMLs are more likely to go on huge runs than just any stock
So interesting! Golf is a great way to learn to check your emotions! Also, agree Jim about airlines and other “junk stocks.”
So true!
Very nice chat, thanks!
Thanks Chris!
The daily trading coach is a wonderful book on trader psychology and how to be your own trader coach
epic interview. Wish i watched this earlier! Thanks Richard!
Thanks Rafael!
Great interview.
Thanks Joseph!
Great interview!
Thanks Marek!
Awesome interview!
Thanks Tony!
Great interview ! Can’t wait for the next one. I know you probably are working on it, but I’d love an interview with mark minervini!
Great suggestion!
Thanks, Rickard for another great interview. I like you to choose a fund manager that gives us, retail traders, a different perspective. Regarding psychology and trading, you can watch before Douglas "Trading in the Zone" on CZcams (I can send you the link, let me know) before reading the book. Also, Market Mind Games of Denis Shul goes deep in the psychological aspect.
I like to compare Roppel approach to risk to Walker. Totally different but each one for a reason. I did the math of Walker and gives you a different perspective if you combine with Ryan or Minervini's way of cutting losses right away when a stock does not behave as the way they expect.
In addition, what does TLM means?
Thanks for the suggestions Erny! Its very cool to hear all the different perspectives
I think you mean TML? It stands for true market leader
Educating video, good job.
Glad you think so!
marketing vedio mate!😂
New subscriber… I love the videos and can’t wait until I check out your python videos and TA playlist
Jim is a great guy! Love to meet him, does he still go to these IBD seminars?
Great interview! Thank you for sharing. Really appreciate hearing the mindset of a hedge fund manager, especially when he is buying and selling. Matched what I've heard from others. Very useful info. Also, did Jim say he has thousands of bottles of 2007 Cabernet? :-)
Glad you enjoyed it! I'm not sure about the wine.
great stuff subscribed
Thanks Brandon! Welcome to the channel
Great job Richard...are you able to move the screens showing you and Jim from the top right? Loved the chart time but the most recent bars are blocked!
Hi Andrew, that happened due to a zoom glitch and unfortunately I can't move our video feeds.
How do you add up down volume to the TC2K platform
Triple digit sales growth (minimum 50%) quarter to quarter? or year over year?
I’m sorry, I was trying to catch all of the books at the beginning, does anyone have a list?
Another awesome interview from Richard. Thanks.
There is only one thing Richard! Did your wall switch burn out or there is sticker on it?
thanks miles lol! There's a duck graphic on it
Great video, solid questions, interesting answers! Amazing Job! Btw How many books did he mention eventually?
Thanks! I think 4. HTTMIS, Battle for investment survival, Reminisces of a stock operator, and how I made 2 million dollars in the stock market
I listened again, he didnt mentioned the titles of all but i searched the authors. for the record, the books below, 5 actually:
How to make Money in the Stocks - William Oneil
Market Wizards - Schwager
The battle for investment survival - Gerard Loeb
How I made 2 million in the stock Market - Darvas
Reminiscences of a stock operator - Edwin LeFevre
Great questions and I always like the chart section to visually see what others see. When you two were talking about a list of market leaders, what list were you referring to?
The potential True market leaders list? That's something I've curated
@@RichardMoglen ah, ok. I just find it interesting we look at similar stocks that aren't talked about too much. I dig dxcm forsure.
What are these variables his talking about
Great interview! what is Bill's book? I found the other ones you guys were talking about.
Thanks! It's How To Make Money In Stocks- William O'Neil
Richard, great interview. Love hearing from Jim. What did he mean by the 3/5/7 stops? I'm not sure I followed that. Thank you!
Hey Josh thanks, I believe that's a reminder to cut your your losses quickly. He wants to be out of most of his positions by 3,5% and definitely out by 7%
@@RichardMoglen thank you and I look forward to more informative content.
Since he has such a buy and hold strategy, I'm wondering how he dealt with the 2000 market crash. Did he sell all positions? Or simply ride it out?? I mention this because he said he has sold too soon......and has learned to hold.
Thanks for interview. Would you publish a list of books he recommended. It was hard to get the exact books out of the interview. Thanks.
Sure.
How To Make Money In Stocks - William O'Neil
Reminisces of a Stock Operator - Edwin Lefevre (Jesse Livermore)
Battle for Investment Survival - Gerald Loeb
How I Made 2 Million In The Stock Market - Nicolas Darvas
And one more: Market Wizards - Jack Schwager
What are the 3, 4, 5 stop losses? Thanks and great interview.
Thanks Peter, those refer to percentage losses
@@RichardMoglen thanks! I have to just sit down and read this CAN SLIM book.
What was the date of this interview? (The video was uploaded in 7/7/2020, same day?)
This was recorded on monday the 6th after market close
Richard-is the U/D indicator a self created formula that you display in TC2000?
Hi Doug, I found the pcf code online basically sum of up volume days/ sum down volume days for the last 50:
(V * (C > C1) + V1 * (C1 > C2) + V2 * (C2 > C3) + V3 * (C3 > C4) + V4 * (C4 > C5) + V5 * (C5 > C6) + V6 * (C6 > C7) + V7 * (C7 > C8) + V8 * (C8 > C9) + V9 * (C9 > C10) + V10 * (C10 > C11) + V11 * (C11 > C12) + V12 * (C12 > C13) + V13 * (C13 > C14) + V14 * (C14 > C15) + V15 * (C15 > C16) + V16 * (C16 > C17) + V17 * (C17 > C18) + V18 * (C18 > C19) + V19 * (C19 > C20) + V20 * (C20 > C21) + V21 * (C21 > C22) + V22 * (C22 > C23) + V23 * (C23 > C24) + V24 * (C24 > C25) + V25 * (C25 > C26) + V26 * (C26 > C27) + V27 * (C27 > C28) + V28 * (C28 > C29) + V29 * (C29 > C30) + V30 * (C30 > C31) + V31 * (C31 > C32) + V32 * (C32 > C33) + V33 * (C33 > C34) + V34 * (C34 > C35) + V35 * (C35 > C36) + V36 * (C36 > C37) + V37 * (C37 > C38) + V38 * (C38 > C39) + V39 * (C39 > C40) + V40 * (C40 > C41) + V41 * (C41 > C42) + V42 * (C42 > C43) + V43 * (C43 > C44) + V44 * (C44 > C45) + V45 * (C45 > C46) + V46 * (C46 > C47) + V47 * (C47 > C48) + V48 * (C48 > C49) + V49 * (C49 > C50)) / (V * (C < C1) + V1 * (C1 < C2) + V2 * (C2 < C3) + V3 * (C3 < C4) + V4 * (C4 < C5) + V5 * (C5 < C6) + V6 * (C6 < C7) + V7 * (C7 < C8) + V8 * (C8 < C9) + V9 * (C9 < C10) + V10 * (C10 < C11) + V11 * (C11 < C12) + V12 * (C12 < C13) + V13 * (C13 < C14) + V14 * (C14 < C15) + V15 * (C15 < C16) + V16 * (C16 < C17) + V17 * (C17 < C18) + V18 * (C18 < C19) + V19 * (C19 < C20) + V20 * (C20 < C21) + V21 * (C21 < C22) + V22 * (C22 < C23) + V23 * (C23 < C24) + V24 * (C24 < C25) + V25 * (C25 < C26) + V26 * (C26 < C27) + V27 * (C27 < C28) + V28 * (C28 < C29) + V29 * (C29 < C30) + V30 * (C30 < C31) + V31 * (C31 < C32) + V32 * (C32 < C33) + V33 * (C33 < C34) + V34 * (C34 < C35) + V35 * (C35 < C36) + V36 * (C36 < C37) + V37 * (C37 < C38) + V38 * (C38 < C39) + V39 * (C39 < C40) + V40 * (C40 < C41) + V41 * (C41 < C42) + V42 * (C42 < C43) + V43 * (C43 < C44) + V44 * (C44 < C45) + V45 * (C45 < C46) + V46 * (C46 < C47) + V47 * (C47 < C48) + V48 * (C48 < C49) + V49 * (C49 < C50))
@@RichardMoglen Thanks for sharing, If I had typed it I would never get it right--just too many parentheses... videos are awesome-- have been CANSLIM for 7 years and I have followed Dr Wish for more years than that and appreciate you taking his work a step further.
Thanks Doug!
name of books please?
I can't find anything on wonda does anyone know anything about it?
Its the institutional product from IBD, marketsmith on steroids'
Hey Richard awesome quality in content and video quality. Did you use Zoom to record this? Asking as a shareholder!! LOL...
Thanks! Yep Zoom makes it easy
Do you have a paid Zoom account Richard’ or are you able to do this podcast for free? Just trying to project whether podcasters are spending on Zoom. Thanks.
I have a subscription through my university
👍👍
🙌
Do you know what trading platform Jim uses?
Hi Jason I don't
@@RichardMoglen how does he use Wonda?
Thoughts on NVAX?
Very strong uptrend. It's too extended for me here
Watching this as BTC is hitting 54k LOL what an insight
Jim is a smart guy
Good stuff. How does your TSLA chart have the date 7/22/2020? I need a charting program that can do that. And ZS 9/8/2020. I really need that system! LOL
Thanks man! I'm not sure what you are talking about lol
@@RichardMoglen If you watch your video, the chart has a big date on it, top center of the section where the quote is.
It is "next earnings date"
Ah yeah that shows the next earnings date. TC2000 is fantastic software!
Makes sense. Thanks
Did he say Wanda at 23:01
Wonda William O’Neil direct access, it’s like marketsmith but for institutions
@@RichardMoglen Thanks. Great interview.
@@danielslara2010 Thanks Daniel!
I'm here again in 2024
mhm, mhm, fershure
?
3:35 wow did the marriage survive? Pretty brutal when your partner does not believe in you
Had to stop watching half way. All you did was ask questions. When the guy spent 20 mins answering a question, you reply with "Cool. Ok next question". Try and engage them in some natural conversation next time. Your questions were good but the overall feel of the interview was like he was talking to himself. Like he said "Tesla excites me!" And you said "Ok. Next question". You should have some natural back and forth. Maybe move off script and ask him something about Tesla or at least agree and make a 10 second natural conversation. Just some constructive criticism.
Thanks for your comment Pipo I'll keep that in mind for the next ones. My goal with these is to let the experienced traders speak. After his background we go back and forth a lot more looking at charts so I encourage you to watch until the end.
I disagree. Jim Roppel graciously donated an hour of his day to educate and provide insight to the viewers. The interviewer is using his time productively by letting his guest answer the question and moving on to the next topic when the guest is finished speaking. His job is to extract information to and guide the interviewee back on track if they get off subject. I agree with your critique if this occurred in natural conversation. However, in an interview I think your criticism should be taken as wonderful compliment.
Richard, I quite like your interviews and you're doing great, but I agree with Pipo, sometimes it feels you're too flat or dry or even uninterested, loosen up a bit and interact with your guests in a more natural or engaging way. Like Pipo, this is just constructive criticism to help you get even better, you're already doing way better than I could.
How many subscribers do you have Pipo? Yeah I thought so.