+291% Swing Trading in 2023 - The 3 Powerful Setups of a Top Trader
Jan 31, 2024
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This podcast features an interview with Marios Stamatoudis, a top trader who achieved a 291% annual return. He discusses his trading journey, risk management, and the changes he made to his approach. Marios shares his influences and resources, emphasizing the importance of combining technical analysis with fundamentals. He also talks about his strategy to find powerful stocks and requirements for high probability trades. The podcast covers topics like transitioning from day trading to swing trading, the importance of self-study, different swing trading setups, reducing risk, and using margin in trading. Marios shares his experiences and mistakes, adaptive trading strategies for specific stocks, and provides advice for new traders. The podcast concludes with advice on becoming a successful trader and living a balanced life.
Importance of continuous monitoring and adjustment of stock lists for breakout potential.
Focus on specific setups like breakouts and episodic pivots for successful trades.
Risk management through partial profit-taking and trailing stops.
Adapting to market conditions and being flexible in trading approach for long-term progress.
Learning from mistakes and studying successful traders for guidance.
Deep dives
Daily Routine
In the morning, check for any changes in current positions and review global news. Focus on swing scans to identify momentum leaders, copying stocks of interest to a bulk list. Use additional scans to identify pre-market opportunities. Review the bulk list and assess each stock for breakout potential.
Weekly Routine
Review the bulk list and make any necessary adjustments. Continuously monitor stocks on the bulk list for breakout opportunities and potential trades. Utilize IPO scans to identify newly listed stocks with potential. Run additional scans for stocks showing relative strength over different periods. Regularly update and refine the bulk list.
January Trades
In January, I focused on trading China-related stocks that showed strong relative strength. I took trades on stocks like SMCI, CBV, and That's Y I M. I entered these trades by identifying breakouts and placing my stops below the low of the day. I also made trades based on episodic pivots, where I bought stocks that had strong momentum and showed breakouts. I managed my risk by taking partial profits at predetermined levels and trailing my stops to protect my gains. These trades resulted in both successful trades and some trades that stopped out.
February Trades
In February, I took trades on stocks like Lunar and NDSO. These trades were based on specific setups such as breakouts and episodic pivots. I used similar risk management strategies, such as partial profit taking and trailing stops. I also identified entry points using intraday charts, such as the 1-minute and 5-minute charts. Overall, I remained cautious during this month due to certain market uncertainties, but still managed to find successful trades.
March Trades
In March, I continued to find trading opportunities, but remained cautious due to some market events. I took trades on stocks like Dual and AI, which followed my trading strategies of breakouts and episodic pivots. I managed my risk by taking partial profits and trailing my stops to protect my gains.
Overview of Trades
Throughout the podcast episode, the speaker discusses various trades they made throughout the year.
Importance of Adaptation
The speaker emphasizes the importance of adapting to market conditions and being flexible in their trading approach.
Key Lessons Learned
The speaker reflects on the mistakes they made, such as not following their own rules, and the importance of studying successful traders for guidance.
Summary of Successful Trades
The speaker highlights some of their successful trades, including stocks like Carvana, SMCI, Nvidia, and others.
đ Get your FREE 115-page Ultimate Trading Guide: https://links.traderlion.com/UTG-TOP
In this episode, Richard Moglen interviews Marios Stamatoudis, who finished in 4th place in the stock division of the 2023 US Investing Championship with an outstanding 291% annual return. Marios shares his trading journey, from his early interest in the markets to struggling early & starting over. He discusses the importance of risk management, the mistakes he made in the past, and the changes he made to his trading approach after committing himself to the craft for four years.
Marios also shares his influences and resources, including Mark Minervini and Kris Kristjan Qullamaggie. He explains that while his entry and exits are 100% based on technical analysis it's the fundamentals of a company that provide the fuel for massive moves.
In this part of the conversation, Marios discusses his approach to find the most powerful stocks in the market on a daily basis along with his requirements he applies to find the highest probability trades. He shares many of the trades he took throughout the year in detailed examples during this 3 hour long interview.
He concludes by encouraging viewers to embrace failure and use it as a learning tool stating that traders who rush the process of attaining trading knowledge are more likely to fail. Don't let short term goals distract you from long term progress!
US Investment Championship Results 2023:
https://financial-competitions.com/
Follow Marios on Twitter/X: https://twitter.com/stamatoudism
Enjoy!
- The TraderLion Team
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Next-Generation Stock Screener:
https://links.traderlion.com/Deepvue
https://bit.ly/34ktd3Y
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Stay in touch:
Follow us on Twitter/X: https://www.twitter.com/TraderLion_
Timestamps:
00:00 - How Marios Started Trading
06:03 - Blowing Out His First Account
11:52 - 2019 & Becoming Profitable
16:57 - Trading Setups (Episodic Pivots)
20:52 - Combining Minervini's Lessons & Day Trading
23:28 - Quallamagie Streams
25:37 - Trading Books & Influences
28:35 - Studying Other's Success
33:30 - Why Marios Joined the USIC
36:35 - Breaking Down Marios' Strategy
41:54 - Parabolic Short Setup
43:59 - Chart Layouts
47:00 - Daily Routine
55:05 - Preparing a Focus List
1:04:05 - Dense Volume Screen
1:09:43 - Weekly Routine
1:15:45 - 2023 Review
1:21:14 - Position Sizing & Risk Management
1:28:49 - CVV Trade Review
1:35:01 - January Trades (SMCI, MNSO, DADA)
1:39:15 - Entry Tactics with ATR
1:42:35 - February Trades (CVNA, LUNR, AMAM)
1:48:03 - March Trades (DUOL, AI, CDIO, PYXS, WAL)
1:51:26 - Marios' Use of Margin
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