Stanley Druckenmiller hasn't had a losing year in his entire 4.5 decades as a trader.

He recently sat down for a talk that every retail investor/trader needs to listen to.

We've broken it down for you into 10 clips (covering TA, risk management, selling losers, & much more): As we said above, Druck's never had a down year.

We're sure you can imagine why that's important, but he says drawdowns are stressful, and staying out of them keeps you level headed.

More ↓

A volume signature we saw a lot of today:

Pocket pivots.

One of the easiest patterns to use to see if a stock is under institutional accumulation.

Here's everything you need to know about one of the market's most reliable signals (so you can spot strong stocks instantly): By the end of this post, you'll understand:

→ What a pocket pivot is
→ How to spot it
→ How to trade it

Let's dive in ↓

Let's start the week off talking about two simple steps to improve your odds at becoming a profitable, high-performing trader:

→ Step 1: Trading Stocks Above Their 50DMA / 10WMA
→ Step 2: Trading Stocks In The Top 40 Industry Groups

Digging a little deeper... ↓ Step 1: Trading names above the 50DMA / 10WMA has to be your foundation.

You should never argue with the major trend at play on any given chart.

When institutions are accumulating stock, your opinion doesn't matter. Their $ will drive price higher.

The market's most explosive pattern has generated millions for traders.

The pattern? A High Tight Flag (HTF) breakout.

But what does this setup look like & how should you be trading it?

Here's the Ultimate Guide to Trading HTFs (that'll take your trading to the next level): By the end of this post, you'll have mastered:

→ The key characteristics of a High Tight Flag
→ Proper buy points of an HTF
→ Proper sell points of an HTF
→ Scans to spot HTF setups
→ 5+ examples

Let's dive in ↓

It only takes catching one big move to change your entire year & potentially your career.

The only way to do this is by studying historical winners.

Here's a deep dive on how you could have traded $ADMA, which is up over 325% YTD ↓ Key Characteristics:

→ Highest Volume In 1 Year (HV1)
→ High Volume Close Entry Tactics
→ Key Moving Average Respect
→ Relative Strength Phases

Let's take a deep dive into each one of the key characteristics above:

If you're consistently frustrated by losing money buying breakouts that quickly reverse & stop you out, it's time to add buying pullbacks into your toolbox.

Here's the exact framework you need to profitably buy pullbacks in an uptrend (& finally make progress as a trader): US Investing Champ @OliverKell_ has shared each step in his Price Cycle system, which was the foundation for his record breaking 941% return in '20.

In it, there are specific patterns that form during uptrends:

· Wedge Pop
· EMA Crossback
· Base N' Break

A visual:

Mastering one setup is how Market Wizards & US Investing Champions make millions.

If you’re struggling to find a setup, look no further than the High Tight Flag (US Investing Champ Leif Soreide @LeifSoreide's go to pattern).

Here’s everything you need to know : Leif’s go to setup is known as the High Tight Flag, a powerful momentum based setup that has resulted in massive gains over his lifecycle as a trader.

Here's more on Leif's background if you're unfamiliar with him:

Struggling with when to take profits?

It's the one skill that separates retail traders from the market wizards (who make millions).

We’ve simplified selling into strength into 3 actionable steps (plus 5+ rules you can use in tomorrow’s session).

Let's dive in ↓ The best traders take profits in pieces, which is exactly what we’re going to show you how to do.

1. Initial profit taking (within 2-3R)
2. Medium-term profit taking (4-5R)
3. Long-term profit taking (6R+)

Let’s dive into each. ↓

Handling Fed Days

There's a lot of noise on X about how you should be approaching FOMC days.

Instead of listening to other peoples' opinions, we figured we'd give you some materials to study yourself.

Here are all of the FED days in 2024 and their intraday charts: January 31st, 2024:

Trading near highs, gap down and stay below VWAP all session.

The initial reaction to the news was sold, but $SPY traded higher days after.

Jesse Livermore was one of the most successful stock traders of all time, making over $100 million shorting the stock market in 1929 - equivalent to close to $2 billion in today's money🤯

Here are 21 timeless principles he applied to markets to generate large profits 💰🧵👇 "Nothing new ever occurs in the business of speculating or investing in securities and commodities."

This is because human nature is still the same as it was 100 years ago, so patterns that worked then still work now!

Richard Dennis, also known as the "Prince of the Pit" was a very successful commodities trader.

In the 1970s, Dennis borrowed $1,600 and turned it into over $200 million in 10 years.

Below are 11 of our favorite Richard Dennis quotes 👇🧵 "It is misleading to focus on short-term results."

Our results are best measured over 100s or even 1000s of trades to avoid short-term variability!

Momentum trading is one of the most lucrative wealth building tools in the world of investing. Imagine being able to find $NVDA BEFORE the big move.

It's possible if you pay attention during a correction because these leaders leave clues 🔎

A thread on what to look for: Corrections are feared by most because people associate the lower prices with losing money, which makes sense because most people do lose money during a correction.

But corrections are what create opportunities for the astute momentum trader looking for the next big winners 🧐

You're passionate about the stock market, but your results constantly disappoint you.

Here are 10 mistakes you're probably making right now (and simple ways to solve them): 1) Trying to learn everything there is to know about every aspect of the markets.

Majority of traders/investors struggle because they’re overcomplicating their strategy.

Instead of trying to be an 'everything' expert, be a 'your strategy' expert.

It really is that simple.

One of the most powerful chart patterns is the Volatility Contraction Pattern (VCP), made famous by Market Wizard @MarkMinervini.

If you want to be an expert in technical analysis, this pattern is a MUST KNOW.

Here are the crucial elements (so you can spot it in seconds): @markminervini The most important traits of a valid VCP pattern are the following:

1. Tightening from left to right within the base
2. Relative strength and accumulation signs
3. Volume dry ups & lack of sellers
4. A very tight final contraction

Let's dive deeper with a real world example ↓

If you’re struggling to determine your timeframe as a trader, read this: There are 3 different timeframes to choose from in the market.

· Day Trader
· Swing Trader
· Position Trader

Your timeframe will be a reflection of your personality, lifestyle, & goals.

Let's find out which one is right for you ↓

You love trading, but your results constantly disappoint you.

Here are 10 mistakes you're probably making right now: 1. Trying to learn everything there is to know about every aspect of the markets.

→ You will need to unlearn 90% of it later to make real progress. Instead, focus on the key principles that drive market movements and price action.

17 Top Trading Lessons from Alexander Elder: "When the market deviates from your analysis, you have to cut losses without fuss or emotion."

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Everything you need to know about trading is in these 20 threads: 1. The 10 mistakes you are making:

https://twitter.com/TraderLion_/status/1616034301073821696

We are extremely excited to announce the dates of this year's @TraderLion_ Conference!

We will be streaming the event live on June 3,4,10 & 11

Our lineup is incredible, featuring Market Wizards, US Investing Champions & Hedge Fund Managers

🔁 Retweet 🔁
traderlion.com/annual-trading… The conference will be streamed for FREE virtually over the four days with 5-6 speakers each day presenting on unique trading and investing concepts.

To prepare make sure to subscribe to our channel 👇

youtube.com/traderlion?sub…

Every great trader goes through rough patches in their trading career.

But, no matter what, they always doubled down on their process to get back on track.

If this is you early in 2023, here is the 4-step process to follow (and finally win back some momentum): Step 1. Evaluate General Markets (2 parts)

· Analyze the current market trend

Even if stocks are acting well on their own, they will eventually succumb to market pressure.

Make sure the market trend is up before focusing a lot of effort long.

Master these 5 lesser-known chart patterns & take your trading to the next level: #1: In The Wick Setup

We are looking for stocks that open in the wick of the prior session's bar.

The buy trigger is when price moves through the prior day's high.

The stop loss should be the low of the current day.