Lessons from a decade of Swing Trading w/ Michele Koenig aka OffshoreHunter

EP 044: Lessons from a decade of swing trading, and how to overcome early failure w/ Michele Koenig
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[@arielcampos]

Trading style explained at 17:52

[@Mrmtl100]

thanks, she just talks a lot at the beginning lol

[@mattpinola7135]

Thank you!

[@xmillimaking4060]

boss

[@raunaqueiquebal7088]

Thanks

[@rafaelosorio2251]

@Questione Tudo Nope, the setups are found in 1D. 1H is for the entry point.

[@Neopan210]

This interview is timeless, such good information, well worth the hour to listen. Highly recommend it.

[@dspawar8690]

True. Patience is one of the hardest thing in trading.

[@skinnydippindan]

TRUTH!

[@pradagirl6619]

Listening to the interview five years later and it still has so many gems to use in today's market. This is the second interview I've heard of Michele's and I appreciate her consistent and simplistic approach to the market. Picked up some really great tips from this one!

[@AP4Liberty]

As a beginning trader I wanted to say thank you for this interview. I learned a lot and am definitely going to take her advice. Patience will be my biggest challenge as well. I am going to start honing my strategy based on her tips here. Wish me luck as I start this new venture! And best of luck to you all!

[@ekenenelson166]

Success ✊🏼and never quit on this ✌🏼🤍

[@khafreahmose8768]

@AP4Liberty how's your trading going so far??? I'm a newbie trader and would appreciate any wisdom from you!!!

[@hamisintunzwenimana8083]

Great Technical 1. Psychology / Sizing / Business Plan -- Strategy 2. Learning Process 3. Scanning Process

[@ChimpsAI]

That is how you do an interview with an amazing swing trader. Excellent!

[@trickdaddyaz03]

she's talking to me on this one

[@johnthompson4997]

As a 10 Year Veteran of Trading... I Totally Related to Her... and My Life followed the same pattern she described. Highest High of Life... turning into to the Deepest Darkest Whole You can Imagine.... and Only AFTER You come Thru that Testing By Fire..can You Fully Say Your a Professional. I Imagine.. 96+% never come thru it and quit with there tail between there legs.... Maybe I Now See this as a Special Club or Brother Hood for Us the Very Few who come out of it all Into The Other Side.... and Come Back to Be Consistent Profitable Traders... True Professionals... I guess... Hats off to Michele... and Welcome to the Club... JohnofSJ... "Mountain High Trading".. San Jose, Calif

[@morehn]

10 years doesn't make you a veteran. Sorry bud.

[@MondoChow777]

@@morehn Actually It deos depending on the individual, I'm on my 7th year. Lost a fortune and made nothing my first 3 years until I found my cadence. You have people that have been in the game 40 years and blow high conviction trade along with thier account. So you're right to a degree.

[@morehn]

@@MondoChow777 I would never call someone who did something for 10 years a "veteran," unless he was in the army. That's experienced. Veteran status needs decades.

[@MondoChow777]

@@morehn I agree. You yet still must remain cautious of complete absolutes. For example I'm a veteran in position trades supported by technicals and macroeconomics. Yet only proficient in short to mid term strategies. A veteran can be just that in thier comfort zone within the market. Change the market dynamics and that veteran status can be taken from you within a single trading session.

[@icyboy771z]

@@morehn Everyone has different learning ability some are still losing after 10 years, some are profitable from the get go. 10 years is more than enough to be very experienced in the markets.

[@ImmyYousafzai]

53:40 That is the GEM I have managed to extract from this interview.

[@XSAoRAD]

This is the #1 gem anywhere, I've heard this mentioned before.

[@maximus_416]

The thing about the love for analyzing charts is that you want to do something with this information that your're gathering; but sometimes just doing nothing is the best decision.

[@BrandonWatts24]

11:32 With quick success comes overconfidence. I'm learning that the hard way. Although a meager 10% drop from my all time high is nothing to be worried about. 10% is easy to recover once you're aligned with the market; rather than trying to align the market to you.

[@gstans8942]

Michele is a very diligent and focused trader and great tp hear from

[@ChatWithTradersPodcast]

+Grant Stansbury, yeah I really enjoyed speaking with Michele.

[@RotterStudios]

Plan your trade and trade your plan. No FEAR No GREED!

[@LTBL769]

I see the market from much more or less the same way she does, her favorite patterns are my my favorite patterns, I love to keep it simple and clean, Things have to make sense to me just like the way she keeps emphasizing this. However I have been struggling for about 3 months now on when to exit the trade, and I think she just opened my eyes, and made me more wiser...she has answered all my questions. I am eternally grateful to this platform.

[@noelramos4555]

Hi Aaron, Noel here from PH. This interview with Michelle is by far my favorite and I really learned a lot from it. Thanks to you for the effort and to Michelle for sharing her experience which is very beneficial to me personally as a newbie. More power to you and your channel.

[@ChatWithTradersPodcast]

+Noel Ramos - good to know you're learning lots, I'm pleased to have you listening.

[@conieladionvlog5769]

Noel Ramos nice your in ph me too.

[@dominic2446]

what is PH?

[@user-ot1vf5oq4p]

@@dominic2446 Philippines

[@user-ot1vf5oq4p]

Hi, sir! How was your years of experience so far? :)

[@logant724]

My favorite guest and interview yet! On my third listen! So much valuable information and Michele is very relatable and humble. Thanks!

[@ttdokes]

this is amazing, the questions you're asking is great.

[@ChatWithTradersPodcast]

+ttdokes thanks, I appreciate it!

[@JeanFrancoisDesrosiers]

Priceless. Just applying those tips would have saved me thousand$. Now applying them after finding myself the hard way. It confirms I'm on the right path though.

[@davemartinez649]

Just out of curiosity, where you able to continue moving forward as a trader 3 years later? Not concerned too much about Lamborghini money, but is trading a good enough source of income for you?

[@garyhocker7876]

Great interview, one of your best and probably the only one I have listened to multiple times. Thanks to Michele for her candor and openness.

[@DeniseGlass]

Thank you so much. I have been binge listening to this pod cast. I feel as if it is an essential learning tool for me and my trades.

[@villyv444]

Denise same here

[@NomadGurkha]

the amount of clarity with which she speaks! this is among the top 3 videos easily at CWT

[@monkey401]

Deepankar Kapoor what are your other top videos?

[@davidworrell86]

Love all of this free info. I've listened to so many of these so many times of the course of the year.

[@frankiii4587]

This was a magnificent discussion on technical analysis, right down to the exact studies Michele uses. Thanks Aaron and Michele. I'll be watching this one again!

[@momomimi5853]

What an honest trader in Michele U really can tell that she is genuine person. Excellent interview Aron. Keep it up.

[@hornomat6099]

Listened several times👍

[@fredrogers3669]

I looked at her website and she shows how she made like $350,000 in a year on a few trades and she says she just wants to help people. If I made 350K a year on the market, I would not need to make any extra money selling a service of ready to go charts, I know human nature so I am a bit skeptical. Maybe I am jaded. My rose colored glasses broke years ago.

[@MondoChow777]

The market is dynamic and always changes, to expect a green year, year after year is high risk thinking. You would need other income.

[@wallstreetgambler9151]

alot of people make money. when you make money you always want more.

[@dccrusin8290]

But from the successful trader's perspective, they can't even mention their favorite topic in public without the public wanting free advice. Then the public ventures forward, not having understood, forgetting what they did understand, and guessing on their own. When they fail on their own, if they do, they then scapegoat the trader. The only way to handle that dynamic efficiently is to offer them something recorded. If the person is unwilling to reciprocate value for value by paying the trader and actually studying the materials, the trader can shrug off the public request without social blame. You seek to out traders in a no win situation where they cannot mention their favorite subject in public without becoming the bad guy.

[@dccrusin8290]

@@MondoChow777 AND keep a cash core. NEVER go all in.

[@roycesjourney37]

@@fredrogers3669 not that I’m sticking up for her, because I have zero idea if she’s a scammer or not, I am a marginally profitable trader, and trading pullbacks in a trend is absolutely a viable strategy, but I’m going to say something most people don’t think about. I have a buddy who’s trying to be a professional poker player. Taken classes and reads voraciously. He works part time, I forget what they call it, but apparently some poker players have a name for it, even if they’re profitable they need the control mechanism of work. Because they’ll spend all their money or let their addictions overrun their lives. I 100% understand. I’m a recovering alcoholic, if all I had to do in a day was check prices a few times a day I’d be a drunk and in the gutter. My wife would leave. So even if I made enough to live on my trading profits I’d probably still work, and I’d probably run a trading business. That monkey on your back can kill you. Also I would need a 500k account to make a living. The only way I’m ever getting that big of an account will be to get funded somehow. Starting a hedge fund or starting a business.

[@luismonteiro4370]

5* Thanks. For me one of the best podcast ever. So humble, so true, so good to listen to. Excellent guest! So clean of technical bullshit. Michele, Thank you for your metality and directness in talking about these matters. Thank you so much Aaron.

[@hopefully2224]

This is the level I understand. All the tech stuff is a different language

[@jasondillon2567]

I just have to say thank you so much for sharing. I am only a year into my trading journey and often doubt whether what I am doing is correct, but it sounds like a lot of the methods you use are ones I am also developing. It's very encouraging!

[@fredrogers3669]

It's true, today when you hear the technical analysis terms, you go look them up, and then you learn to apply them to brokerage software. I have used Sink or Swim and the Schwab software, Streetsmart Edge. You take a look at the RSI and Moving Average and all that other stuff before you buy.

[@michaelgmyhan6277]

Sink or swim bwaahaahaa haahaaa!

[@bibarishs3120]

very good questions and answers. Thanks both of you. .

[@wesleymutai4913]

Am here listening to the podcast 6yrs later! Great info

[@Sergio-yv1lf]

I have to say that this is one of the best interview that I have a chance to listen to Michelle explain with precision every concept of trading thank you very much to both of you.👍👍👍

[@matthewwilson4329]

So I just started listening to your interviews tonight.... you do a brilliant job and have some amazing traders that you speak with. I've been a trader for a decades and the people you interview are top notch. I fell on hard times via divorce a while back but I still watch the markets daily..... I'm a professional golf caddie and my goal is to get back into trading... Please keep posting content

[@dccrusin8290]

Do pick some occilating penny stocks and swing trade within their channels.

[@rickmaisto1626]

Thank you. I am very happy to have found this channel. I have long term investments & now a trading account. Patience has been my nemesis and I am working on it.

[@user_abcxyzz]

Rick Maisto fomo is your nemisis.

[@ronnyclagg3185]

Love these videos, so much insight into ways to look at the market. Love to 50ema on the 1 hr also, 34/50 ema pair is an incredibly powerful tool used with price action/volume

[@premierleague1862]

This is an excellent chat. Michele's style is very similar to my own on a swing and intra-day basis. And I have experienced many of the pitfalls she describes over the years. I'm sharing this with my daughter who has commenced her own trading journey. This is a great interview. Great job!

[@mrtravelhub4313]

Does she make money? I saw her home website.. One of the sad realities of the trading industry, and the futures trading industry in particular, is that there are far more people making money selling others’ systems and “ways to make money trading,” than there are people actually making money trading.

[@steplaland]

Those that can trade, trade; those that can’t talk, write and teach trading.

[@hallamhope]

A very interesting interview with Michele. Great questions. Hallam in always sunny Barbados.

[@INDENTUREDTRADER]

“You Know” is very American, I think I counted eight of them in one answer. I was very happy to hear her honesty. Genuine lady offering her whole trading heart on her sleeve.

[@ammalik3462]

she is my favourite trader out of all investor ground members

[@ChatWithTradersPodcast]

+Saif malik yeah Michele is great, thanks for watching.

[@bluesky4866]

Chat With Traders Cool

[@user-jo2iq6so7d]

She is so smart, love this woman!

[@msubhanbutt]

Solid talk for an hour. One of the best interviews. Saved it.

[@martinaasen8440]

I listened to most if not all of these interviews and this one 5 times the last 2 days

[@vcash1112]

Great Interview 👍 Bring her back!

[@M0RGENDUGG]

Thank you very much for this Michele ❤

[@handyrams4664]

I'm noticing a common theme with a lot of these traders you are interviewing. It's that they made a lot of money early on in career and "gave it all back." The same thing happened to me in Bitcoin and crypto market. I took a 25k loan last year and flipped it into 200k....then gave most of back...now back to where I started.

[@domingofernandez7711]

Greed is NOT GOOD......

[@kevinchavarria6792]

Set a stop loss even if you walk away with 100k that's better than going back to where you were

[@arpitgershom2264]

Best interview for learning I have seen.... Thanks

[@nobakwaas5161]

she said "keep it simple, stupid"...this means she has read One Good Trade by Mike Bellafiore...really good book I highly recommend it

[@michaelgmyhan6277]

One good trade and then....one good trade and then...one good trade! I agree a really good read from a man that has been there...deep insight...

[@skinnydippindan]

"More Patience, Less Staring" 100

[@davewave8144]

Got a lot out of this - and I have been swing trading before there were on-line brokers.

[@ChatWithTradersPodcast]

+Dave Wave good stuff, thanks very much Dave.

[@SaItyToad00]

How did you do it back then before there were online brokers?

[@kmlumd44]

amazing. a video like this is 60min long but it takes you over 3 hours if you really want to retain everything and take notes on it.

[@kmlumd44]

like a visual book

[@harrystyles7517]

Quality content, mature conversation....

[@jeffcokenour3459]

Genius advice from this lady. No one wants to take a loss, but if you do not have strict stop loss discipline you cannot be successful.

[@wn77wn]

WOW what another grate EP. I know Michele since before but not as after this interview thanks for extracting all those nice tips and information i repeated listing to few parts from the interview i think this EP. although it is an hour time it can be a reference to starting traders

[@ChatWithTradersPodcast]

+wn77wn, excellent! I'm pleased it was helpful.

[@jyoung6708]

Newsflash these patterns she speaks I don’t work in today’s market most of the time, they used to but now the big money knows that it is what all the newbies are looking for

[@STBRetired1]

Her first big flaw was not quizzing that fellow student who managed to put himself through college by just trading a couple stocks each quarter. Later, she was looking for a mentor and she could have had one in him. The difference between her early trading days ( and mine ) is that today you can open a dummy trading account and practice your various technical techniques with funny money and not real money. It's like a pilot flight simulator for stock traders. It's always easy to take a time period for technical analysis and say that we should do this or that at various points on the chart. The hard part is figuring out what tomorrow and the days after will bring. With a dummy account you can learn to put in stop-losses etc. Perhaps the hardest thing to learn is that you don't have to squeeze every bit of profit out of a move. If you make a dollar - YOU ARE A WINNER. If you wait too long, the market will probably drop out from under you and take all your money with it. Just keep making those dollar wins. And it always helps if you have a spouse making a ton of money by going to work every day.

[@chrisstephens3196]

I do agree with what she says at 53:00... don’t copy other traders, you don’t know their position. For example, I have a pretty good win rate, 91%. Someone may see that and jump into a trade just because I took the trade. But what they don’t know is, I’m a long term trader and I don’t use a stop loss. I trade very conservatively and can withstand major drawdown. It would be very easy for newbie traders with small accounts to blow their accounts. .... So again, for first time traders, don’t copy trades. If you want to stay alive in this game, then take the time to learn to trade. Just like going to school and learning a craft. You may get by with copying someone else’s tests, but it’s going to be a rude awakening when you’re in the real world and in way over your head and realize you don’t know shit.

[@dccrusin8290]

Exactly.

[@Blancheivey]

It’s incredible how much success one stands to attain with professional assistance in the trading market, courtesy of the expertise of my fund manager Ronald B. Furey profits has been consistent with a total grossed profit of over $170k. With his skills, I don’t bother with the market complexities I just invest and take profits

[@LM_M]

How do you go about your trades with your funds manager? I could use his help in my struggle with series of reoccurring losses

[@Blancheivey]

@@LM_M I’m under his management service where he handles my trading analysis executed trades among other investors on his clientele list using his superior expertise, giving me a much better standpoint and chance of earning colossal profit returns. This way it creates room for a more efficient and profitable trading process

[@Blancheivey]

@@LM_M You can reach out to him on what -s- app if you might require his assistance

[@Blancheivey]

1 3 (8 5 4) 3 7 1 - 1 5 8

[@LM_M]

@@Blancheivey How do you do it..... I mean what processes do you have to go through?

[@andym5663]

This interview was fantastic.

[@skinnydippindan]

these are the kind of interviews I've been looking for for so long. great content! thank you.

[@Blackdiamond929_]

It’s so amazing to hear these stories , gives me great hope and excitement for my trading journey ! I am sharing this channel with any new trading I bump into ! Can listen to this any time , easy to digest stuff . 👌🏾 keep it up

[@subculture6924]

she is so smart. cool interview

[@chrislav4974]

So much knowledge in this podcast... thank u

[@damha3157]

So the hope strategy is pretty popular I use the hell out of it for the first year

[@1979ATL]

😂 😂 😂

[@vmihaylov]

info packed interview. Thank you. Still very relevant in 2018

[@ghettostocktrader9699]

She started out with 40 grand. Makes things a lot easier. Makes your learning curve bigger. Peace

[@SebastianGonzalez-gx5ji]

yes. easier position sizing and management.

[@ghettostocktrader9699]

@@SebastianGonzalez-gx5ji WAY EASIER

[@SuperBartles]

Very informative. Many thanks. Listened to it about 3 times

[@paulax7379]

Really great serie, I'm listening to every episode, really excellent

[@BigBlackBe4r]

Excellent interview, super insightful.

[@phobia6661]

Heard it like twice and so enlightening 👌

[@dipu827]

Great questions and great answers. Very informative.

[@tricerealty4238]

At 28:01 can anyone understand what site she said she has stored 13 years of charts?

[@bullseyejoe]

StockCharts.com

[@PhanOT11]

Very informative advice, Michele! Thank you. I'm brand new in trading. =)

[@drewgibson4233]

This was an awesome interview very helpful thanks to both of you.

[@BoyanKostadinov]

Excellent interview! Thank you Aaron and Michele!

[@tomasaleluia932]

Awesome content, i took so many valuable notes from this. Thank you!

[@ramzy8928]

Nice video Forex is all about technical and fundamental strategies, charts and patterns, graphs, market news etc. There are many things to learn in Forex business. This video is good for every Forex trader/ stock I am trading with MR PAVIL CONRAD. so happy to find him as my contract trader . he is so much supportive towards his customers. I trust him with my money because his trading pattern ensures winning every time.

[@maggiegarcia5346]

Dose mr pavil offer mentor ship programs?

[@James-qc4kc]

Nice video i just subscribed going to watch. All you video s thank s

[@ramzy8928]

Maggie Garcia mr pavil Conrad accepts new investors/beginners who are willing to learn the pattern he use make profit you can text him directly. [e-mail]

[@ramzy8928]

Teresa Beckham I am sure mr pavil can help you ever since I have been trading with him I have not experienced and form of lapses even in this pandemic period I still profit with pavil Conrad he is my second source of income .

[@projectfinance5697]

Well I have to say mr pavil trading platform is the best any one would think of working with they are safe secure .i also like the fact I have full control over my slot/allocation .

[@x3xGR33Dx]

this is gold 26:20

[@360.Tapestry]

such an aggressively macho intro for what are pretty casual conversations

[@alexdrastico7840]

Good interview.. You know! ;)

[@tobias9540]

Like her honesty

[@rgasta7765]

Not even one chart shown throughout the whole interview. (.

[@tayronachan]

thx.

[@Jake-vq5kr]

Great conversation! Thanks

[@051082oc]

I’d love to know the slow stochastic settings she uses.

[@bricianmcwilliams2839]

This is a lot of fun to listen to. Thanks for a good podcast.

[@jonathanreader228]

Great interview, thanks for all the insights.

[@relaxingmeditationmusic4172]

Best interview ever 😩

[@anythinggoodproducts]

great interview

[@haypapa]

nice interviews man. when u gonna have a binary option guest?? is getting big

[@AlaghaAhmad]

She is amazing, thank you very much ... I liked the idea of taking the middle Part of the Moves

[@STBRetired1]

She makes an excellent point around the 53:00 mark about people who want to take the easy way and have someone tell them what to do. What those people fall prey to is the PUMP AND DUMP of these gurus on KZbin. You know the types. They let you follow their trades (for a fee or subscription) and you do as they "recommend". So YOU do no homework or work of any kind and let the "genius" make you a millionaire. In reality, what the gurus are doing is planning ahead which stocks to buy. Then they buy the stocks just before they tell their students what to buy. Soon, hundreds or maybe even thousands of students all buy the same recommended stock and, of course, the price jumps up and the guru jumps out at the peak. THEN, after he's made all his profit, he tells the students to drop out also. By which time the price has changed direction and they've lost some, if not all, of their gains. So open your eyes to these charlatans and learn like Ms. Koenig did and learn to do your own homework. Nowadays we've got TD Ameritrade where you can open a dummy trading account and practice your technical techniques with dummy money. After you learn what works and what doesn't then you can start trading for real.

[@Martin16707]

AMAZING INTERVIEW

[@tyndni]

Excellent interview.

[@rovingwolf79]

really enjoyed this one, one of the best

[@relaxingmeditationmusic4172]

Nice & excellent questions

[@andreschavez9671]

28:03 where is she saving her charts? looking to maybe use this

[@erzsebetpapp3738]

wow, she is soo right! thanks, very very helpful podcast! :)

[@ChatWithTradersPodcast]

+annamaria torok really good to hear this was helpful! Thanks for listening.

[@amitawasthi2826]

Thanks..Great learning..

[@JCaymen]

Super Helpful. Thanks.