How to Swing Trade & Manage Risk | Interview with Veteran Trader Matt Petrallia

[@RichardMoglen]

Timestamps: 0:00 Intro 0:45 Matt's Background as an Architect, Learning to trade 2:24 Recommended Trading Books 4:27 Early Mistakes Matt made 6:00 The importance of staying balanced, and trading with a plan 7:05 Let the decisions fall on the charts 7:20 Overtrading Mistake 8:30 Learning through failure. 8:45 Dan Zanger, Waiting for your pitch and Market Conditions 11:40 Hobbies outside of trading 13:08 Timeframe and Average Gain/Loss + Holding Periods 14:10 Options Trading 14:30 Options Risk Management 16:00 FOMO Social Media, Rocket Emojis 16:55 Choosing Options Duration 17:55 Options Position Sizing 18:50 Total Open Risk 20:25 Technicals versus Fundamentals 21:45 Determining Market Conditions 23:28 Progressive Exposure 24:30 Building a Focus List, Stock Selection 26:02 Pullback Buys or Breakouts? 31:20 Chart Setups, Too many indicators 32:50 Summary Statistics, Risk Management 34:11 Batting Average 35:40 Using Excel to Track Trades, Journal 37:49 Setting Stop Losses 40:50 Buying Near 52 week highs 42:50 Stop loss management, moving up stops 45:00 The Art of Trading 46:20 Risk Management, Keeping Losses in Check 48:50 Determining Position Sizes 49:50 Reading Charts Demonstration GS 52:40 GS Second trade (Loser) 54:20 SQ Trade 55:00 Dealing with Gap Ups 57:00 Nio, The Stock Chart of 2020 58:09 NIO current chart 59:00 Leading Stock in a Leading group, 50 Day average 1:00:58 Matt's Chart Layout, moving averages, Bollinger bands 1:03:33 Wedge Setup 1:05:58 Best performer of 2020 1:07:24 Reading Market Environments 1:12:45 ZM Chart 1:13:30 RH Chart 1:14:40 Dealing with stops on gap downs 1:16:00 Dealing with emotions 1:17:30 PTON Chart 1:19:05 Position versus Swing Trading 1:20:00 Going through Charts 1:21:22 Advice for new traders

[@lawrenceirons1119]

Man god bless you, very thoughtful

[@RichardMoglen]

I hope you all enjoy this conversation I had with Matt. I especially enjoyed the parts about psychology and his emphasis on risk management. Take care!

[@calvindaniels1267]

southgatescapital manages my funds, im up 80k

[@calvindaniels1267]

southgatescapital

[@calvindaniels1267]

just search it, first web.

[@calvindaniels1267]

hitup the livechat.

[@garretttodd2182]

@@calvindaniels1267 great.

[@addyleman7068]

Good video. As a fellow swing trader who is doing it almost full time now you can tell when someone is real and not BSing, open discussion of highly relevant topics and processes carried out by actual traders. Thanks; Regards

[@cementman69]

I love your interviews Richard, Matt story is exactly mine, I too was an architect switched to trading in 1998 and since then I'm a full time trader, since my first course when i saw my first chart I knew this was my passion and this is what I'm gonna do for the rest of my life, like falling in love from first sight.

[@RichardMoglen]

That's crazy!

[@quacker1982]

love this one, self taught trader with a simple process. Matt also has a great voice for radio. Well done Richard, your content is very helpful to the traders out there.

[@RichardMoglen]

Thanks!

[@calvindaniels1267]

Boris vlada manages my funds.. I'm UP 78k.

[@calvindaniels1267]

just this year alone.

[@calvindaniels1267]

• wassap •™

[@calvindaniels1267]

™ 1 7 6 0 756 • 7 3 3 9 •

[@supersheep5223]

Another great interview Richard! This is gold. Thanks and keep up this great work 🙏

[@RichardMoglen]

Glad you enjoyed it!

[@716FamilyFun]

Excellent interview, thank you! I especially like the end taking about risk management and how Matt considers it his "job". I bet that will stick with me

[@RichardMoglen]

Glad you enjoyed it!

[@c.white86]

awesome interview! Matt laid down a wealth of knowledge in this one. You're a really good interviewer Richard, I appreciate how you let your guests ramble and really go into detail.

[@steelcitystyle7654]

Really great variety in your interviews. This guys seems really cool. Learned a lot. Thank you!

[@RichardMoglen]

Glad you enjoyed it!

[@trader2329]

love this guy, he is a must follow on twitter

[@RichardMoglen]

for sure!

[@TInyK12]

Hey Richard, I’ve always wondered how different swing traders manage risk. Like how traders position size in relation to how much they risk of their equity, etc. Really important. Thanks for asking your guests!

[@RichardMoglen]

No problem!

[@brandonpilling4359]

Great video! Loved see the marked up charts… risk management is everything!

[@RichardMoglen]

Absolutely!

[@figgy163]

As we come to expect from Richard, excellent interview, top guest, thanks to you both.🙏

[@RichardMoglen]

Our pleasure!

[@augiux1987]

Your interviews are pure gold !👍

[@RichardMoglen]

Glad you like them!

[@DoctaHobo]

Mark Minervini and Ivaylo Ivanov are 2 authros he recommended. but 3:25 did he say ken slim?

[@onetwelvethousand]

Thank you again. Great interview and he makes it look so simple.

[@RichardMoglen]

Glad you enjoyed it!

[@chandeepbuttar6101]

I dont comment often but i gotta say love this video. awesome questions you ask. keep up the good work!

[@RichardMoglen]

Thanks Chandeep I appreciate that!

[@satyammakwana6126]

Watched your many videoes. Many thanks for putting tons of information and ideas on trading

[@RichardMoglen]

Glad you like them!

[@dkct2010]

Very informative and insightful. Thanks

[@harunoktay6453]

Great interview Richard! I appreciate all the work you've done so far. I can't even describe how valuable your channel is. Would you mind showing us keeping a journal on excel some time? I am struggling to set up a good tracker.

[@stamils]

very good interview Richard! he was eager to teach/explain things like win/loss ratio, how he uses options, stop-loss, etc. very good. 1.he mentioned about ivanhoff, Dan Zanger. can you interview them if possible ? 2.can you make a 10-15 minute video on % wins/losers, size of wins/losers, what a trader should focus on, etc ? Thanks

[@RichardMoglen]

Will do! Thanks for the idea

[@prga8205]

Great interview, thanks! Richard you mentioned a trader around 40:00 who's playing range expansion but even at 52w lows - is that interview available or yet to come? Who's the trader? TIA

[@RichardMoglen]

Thats Pradeep Bonde, great trader, its up on my channel

[@mohanpremkumar1368]

Awesome Interview. Great insights.

[@RichardMoglen]

Glad you enjoyed it!

[@MrAfricanpilot]

Another great video that I learnt a lot from!

[@RichardMoglen]

Glad it was helpful!

[@TheMountainBeyondTheWoods]

Another very interesting interview, I've been learning a lot.

[@RichardMoglen]

Glad you enjoyed it!

[@playtimbo7345]

Did someone understand wich books he recommends after Minervini books ? Didn't understand the name of the author...

[@simonepecoretti3690]

An other excellent interview! Thanks

[@RichardMoglen]

Thanks for watching Simone!

[@TheSquirreless]

Thanks for the vid.

[@abu4729]

After watching trader videos for 2 years now, I've figured out what's the final topic that all these traders need to address on these talks: please show us at least 2 years of bull market win-loss and at least 2 years of bear market win-loss. No more pre select charts on just two, three stocks. We need to see total performance.

[@蔡宏昱-x2s]

Great video. I've learned a lot.

[@RichardMoglen]

Glad to hear it!

[@juancarloshuarte6865]

Which is the tradingview theme Matt uses?

[@gaberoyalll]

1:14:40 i dont wann get wicked out lol lol 1:15:10.. one of my favorite videos thanks gentlemen !

[@jonathonhardegree5841]

Great work Richard! Please interview Ross Cameron from Warrior Trading, great guy and great day trader!

[@RichardMoglen]

I'll do my best

[@zhaoliu7166]

Thanks a lot!

[@RichardMoglen]

Welcome!

[@TInyK12]

Richard, you mention a snippet of Mark’s book about cutting losses. There was a part about keeping your stop loss under 10% too. What do you think about that rule? I thought it’s too restrictive because you’ll trade very volatile stocks sometimes. Also it seems like he’s risking a large portion of his portfolio too because he doesn’t talk about equity risk.

[@RichardMoglen]

The 10% was just an example mark used in his book, I keep my losses below 3.5% on average and I bet Mark does as well

[@richardmartinez2973]

How can I learn to swing trade? Everyone is talking about bits and pieces or just opinions but how do you actually do the swing trading, what time frame, how do you know where to enter, how long do the trades run,? I'm sure there's more

[@DoctaHobo]

27:33 for what he is looking for in stocks

[@NicoleDeanna]

Another great interview.

[@RichardMoglen]

Thanks Nicole!

[@hercuslo5578]

What's the name of the 3rd set of swing trading books which Matt referenced?

[@izuddin1978]

Thank You coach

[@sixthmanballer]

Who is the author of swing trading book that was mentioned?

[@rajuburle]

I am also looking for this author name.

[@rajuburle]

I am also looking for this author name

[@timj4755]

One was ivaylo ivanov. He’s been interviewed on chat with traders and some others. The other he mentioned was mark minervini. The info they provide are just pure gold. I’ll tell ya, for those of us that are serious and working hard to learn this stuff…it’s all there. I mean these guys are literally telling us how to be successful. We have to just keep going, keep learning…this CAN be learned.

[@MasterKE15]

What did he mean when he said his stop is 0 on options?

[@ongNguyen-rh5gn]

Thanks Richard

[@RichardMoglen]

No problem!

[@marksegel3994]

Great interview Enjoy watching while walking dog Harper The yellow charts were great on IPhone Any chance of getting Guru David Ryan and or Charles Harris

[@DoctaHobo]

17:42 he will swing with options from that week. and if they go they go

[@themindsculptor_]

Thank you!

[@PortgasDACE-gz5tx]

Bring Qullamaggie after New Year...Happy Trading..

[@swapnilthokale1518]

Hey there i am waiting for @Qullamaggie

[@RichardMoglen]

Maybe later this year

[@megasolrac287]

Interesting stuff

[@RichardMoglen]

Thanks!

[@bibbidi_bobbidi_bacons]

lol cackalate 😁 I too like pronouncing calculate this way

[@DONALD1951]

How did he do in 2022 when the market “ crashed.”

[@samreeve1508]

Noob question - What does Matt mean by bits? 25 bits, 50 bits. Etc.

[@vivekrana74]

bips or bps - Basis Points (1/100 of 1 percent)...He is stating 25 bps or 50 bps of Total Available Equity (TAE) is being risked by him on every trade (depending on market conditions and his own recent P&L performance)...So if the TAE is 100,000$, then 50 bps would be 500$ (0.5% of 100k) (and similarly 25 bps would be 250$)...Once the amount at risk for the trade is decided upon, say 50 bps and with 100k account, 500$, then one can use it for position and risk mgmt. IF the stop is say 2$ from your buy price, then if you want to risk only 500$, you should only buy 250 shares max

[@ericklopping3193]

How old is Matt? Acts like he is Rick rule age and maybe 35-40? lol

[@jasonthompson5624]

Thanks