Interview with 2019 US Investing Champion Leif Soreide | Key Swing Trading Setups and Methods

[@RichardMoglen]

⌛ Timestamps ⌛ 0:00 Intro 0:49 Leif's Background, How he got into trading 2:34 Resources and Books which helped him learn how to trade 3:56 Types of Trading 8:34 Lehman Brothers Lesson 9:35 Trading Strategy 2019 overview 10:45 Medtech/BioTech Index 12:44 Going for Singles versus Homeruns 14:45 How do you find stock ideas 16:16 High Tight Flags + Stock Price + liquidity 17:00 NLS Analysis High Tight Flag 18:18 Volume Discussion 18:45 CELH Analysis High Tight Flag 21:34 PRTS Analysis High Tight Flag 22:18 VCP Volatility Contraction Pattern 24:57 EXPI Analysis High Tight Flag 27:14 Do you Pyramid Into positions 27:54 How do you handle Big Red Days / Avoid Panic Selling 29:10 When do you sell a stock 30:44 Judge the Market by the Setups / Bulkowski High Tight Flag Study 31:49 Pullback Buys AVTR analysis 35:20 Confluence of Systems 36:10 How did you decide what moving averages to use? 37:47 Red Flags in Price Action 38:37 ZM Analysis 40:55 BRP Analysis High Tight Flag and VCP 44:23 BRP Stop Loss Placement 45:23 APPS Analysis High Tight Flag 47:16 FUTU Analysis 48:33 AZEK Analysis IPO Base 49:21 HEAR Analysis Failed Setup 50:41 SONO Analysis 52:25 TTD FOXF Analysis VCP 53:34 Buy decisions based on Price and Volume 54:40 Marketsmith Mark Minervini's Trend Templates 56:18 Reverse Pocket Pivot- Volume Clues 57:24 Advice for Beginning Swing Traders 1:00:40 How to Reach Leif

[@billyjoecapo5640]

Thank you.

[@tradelikeachamp5411]

Great!

[@technicalswingtrader]

Any body kindly provide the books list

[@saveinmyhead88]

great help thanks

[@iTradeAIMS]

Hey thanks for the chapters. Please add to the description.

[@cdsouza01]

Dude this was an exceptional interview. The knowledge from O'Neil's and Minervini's books really comes alive in talking to successful swing traders. These interviews are gold! You are doing a fantastic job Richard! Keep up the great work!

[@RichardMoglen]

Thanks so much Craig!

[@ronclough7216]

There’s nothing better than old-school simple signals without all the fluff. Thank you for sharing; outstanding interview.

[@RichardMoglen]

Glad you enjoyed it

[@AdventuresandUs]

I am always impressed at your interviewing skills and asking all the questions a viewer wants to know

[@RichardMoglen]

That's very nice of you to say! I try to ask the questions that new traders are most curious about a.

[@AdventuresandUs]

@@RichardMoglen I mean it's always nice to compare systems position or swing trading. Whats kinda cool to see over the years is that most systems that do well all get in around the same area even though everyone uses different indicators or none at all.

[@takugi6648]

I am very grateful to Richard for allowing me to see the champion’s trading philosophy up close, and also very grateful to Leif Soreide for sharing his in-and-out thoughts on band technology.

[@ranger5281]

Leif, and Richard ===> Fantastic. This presentation is gold. Immerse, rewind, screen shots, take notes, this is basically a nearly all day seminar, crammed into a one hour video that yields additional insights on 2nd and 3rd viewing. I've watched 4 of Leif's KZbin presentations, and he's money... and Richard is doing super as an interviewer. Leif's methodologies really speak to my evolving trading style and sense of high reward/risk trading.

[@RichardMoglen]

Thanks Rob!

[@Lrcm22]

Richard your interviews are a gold mine. The fact that you get these exceptional guests is already reason to watch (and re-watch), but the way you frame your questions, you really get to squeeze out so much knowledge and value from them. I know i'll be following you for a long long time!

[@RichardMoglen]

Thanks so much Luis!

[@superagario9249]

What an awesome guy! I love this guy! Mark is a legend and his students prove that!

[@xilllllix]

this whole interview made me understand the relationship between price and volume

[@RichardMoglen]

Glad to hear it!

[@ombo8125]

The second he mentioned that Minervini screen I started searching for it on MarketSmith - seemed like you ready my mind when you asked him about it later lol - great interview, always a good watch! keep it up man!

[@trdfrguson007]

You ask the questions that those of us with a little trading knowledge would ask, if we had an opportunity to talk to a great trader. Keep up the good work.

[@RichardMoglen]

Thanks man! I always try to come up with good questions

[@aadityapokharel3279]

Every video of this channel is a pure gems for beginners traders😘😘😘❤❤❤🔥🔥

[@RichardMoglen]

Glad you think so!

[@SumChatter]

Outstanding! Like an astute miner, Richard kept extracting valuable pockets of gold from Leif. Thank you so much.

[@RichardMoglen]

Haha thanks!

[@Trumppower]

3:16 Mark Minervinis strategies are still working, can you also interview him ?

[@krishnakumarmalu9400]

Richard: You truly did a fantastic job asking excellent questions. You are great not only at your weekly videos but you have excellent interviewing skills. Also thanks for taking my feedback from last time in discussing more on the selling side of things as well. Was very informative and looking forward to see more videos like these. Just fantastic job! Keep up great work

[@RichardMoglen]

Wow, thank you!

[@SJSMchick]

Can anyone explain what he means at 56:00 where he says there's no pivot at the high on OMEX?

[@j-ivey]

I came to ask the same question...

[@SJSMchick]

@@j-ivey I think we just need to learn more about pivots.

[@makincash3337]

A bounce back down or a small pull back. By haveing that pivot its showing thats the beginning of a new support

[@ernestoapfelbaum8286]

Just simple great Richard! You are growing and growing. I love the way your questions are better and better. The section about Marketsmith is superb. Great Job. By the way, your choice of Leif was also a wonderful one. I have the Encyclopedia of Chart Patterns of Bulkowsky, it is the ultimate material on charts, Heavy-duty stuff.

[@RichardMoglen]

Thanks Erny, Leif was great! I actually have not yet read Bulkowski but its high up on my list

[@yingkitchow5160]

SOLID GOLD as always, ive learnt so much in this video, love the way you guys use the shared screens plus the drawing tools to show us the thought processes and explanations on each example.

[@RichardMoglen]

Glad you enjoyed it! I learned a ton too

[@figgy163]

Another great interview Richard, fascinating to hear and see the demonstration of the different "styles" that your many guests use. Excellent, thanks to you both.

[@RichardMoglen]

Glad you enjoyed it Tony!

[@STFYT]

Great guest and content as always, thank you Richard! When Leif was taking about $OMEX, he mentioned this is more of a CANSLIM type of play rather than pivot. I can't tell the difference as a noob, since the "breakout" is from previous downtrending days, looks like a pocket pivot pattern to me

[@RichardMoglen]

Thanks scott! I think what he was getting at was that it was a classic O'Neil breakout buy versus his style which is focused on finding alternate entries from VCP and low cheats.

[@seismo101]

Excellent interview / guest. Many thanks, very informative video.

[@RichardMoglen]

Glad you enjoyed it!

[@deuce7velcro]

awesome interview! what does coming out through a pivot mean? (around 53:50)

[@cpark4567]

Thank you so much for this session, great learning from all of you best people!!

[@RichardMoglen]

Glad you enjoyed it!

[@quacker1982]

New follower from twitter, thank you for sharing Webby's RSI for Tradingview. I'm glad I stumbled across this channel, great content and this video interview is fantastic.

[@RichardMoglen]

Leif was great! Welcome to the channel!

[@SJSMchick]

This interview was great! Thanks for this and the timestamps.

[@RichardMoglen]

Glad you enjoyed it!

[@SJSMchick]

Do you know where he finds stocks with such high volume like EXPI? Where can I find a high volume scan?

[@omahomed]

Great interview as always. One of the best channels out there for sure. Thanks for all you do.

[@RichardMoglen]

I appreciate thank Mahomed thank you!

[@hop9920]

Great stuff, I could have watched hours more of Leif talking about trading. One question, does Leif buy during the breakout as it's occuring or wait until end of day to see the volume and how the candle ended. I often get faked with a candle ending with big upper wick and dodgy volume when buying breakouts, I'm trying to know how to better guage the actual buying on the breakout.

[@njdevseddie741]

Bump!

[@SC-ov4md]

Great info - Richard Moglen, he asks the type of questions that I would want to ask..

[@vpunter1]

Hello Richard, just stumbled on your Channel..don't know how KZbin algorithms sometimes throw up something exactly what you looking for. You ask all the questions that we would wanna ask. So helpful just to hear what type of thinking these champion traders posses and what level they are operating at. Learned a few today. Just one question I think that got missed was position Sizing. Great Stuff BTW I AM FROM INDIA.

[@RichardMoglen]

Hi Varun welcome to the channel! I plan to have Leif on again in the future and I'll certainly ask him about that.

[@rahimkanji1]

Great interview. Definitely will be watched again. Keep up the great work

[@RichardMoglen]

Glad you enjoyed it Rahim!

[@jelisagr]

Fantastic interviews. Thank you for doing these.

[@Pathlogos]

The question at 44:20 might be, that you bought at 3 points , now where does your SL go. Just guessing.

[@jkosek6232]

Richard...great session....thanks again....

[@jkosek6232]

does he do options

[@RichardMoglen]

Glad you enjoyed it!

[@RichardMoglen]

I don't believe so, shoot him a message on twitter

[@AaronD313]

This is such an awesome video I learned so much from it thanks Richard and Leif!

[@RichardMoglen]

Glad you enjoyed it Aaron!

[@volvolattrader2003]

Amazing Knowledge ! Love from India

[@RichardMoglen]

Glad it was helpful!

[@michaelscarn7375]

Top shelf content there Richard, keep it up!

[@RichardMoglen]

More to come!

[@dr.rameshgohil]

Sir which time frame of moving average Leif Soreide applied on chart? 20 day MAand 50Day MA? Very nice learning from your channel

[@wisheye1]

Excellent, thanks for this!

[@RichardMoglen]

Glad it was helpful!

[@anishjain1188]

This is GOLD mate. cheers

[@RichardMoglen]

Glad you liked it! Leif is great!

[@davidbond9783]

awesome interview. Thanks to both of you.

[@RichardMoglen]

Glad you enjoyed it!

[@LocoCioco]

a great reminder to Keep it simple

[@RichardMoglen]

Price and Volume + a few lines is all you need

[@timokarttinen3935]

Thank you so much both of you! Great education

[@RichardMoglen]

Our pleasure!

[@rahulchahal3824]

Loved the patterns he trades

[@RichardMoglen]

High Tight flags are working great right now

[@miles3412]

Another good interview from Richard.

[@RichardMoglen]

Thanks Miles!

[@chrisnickles9498]

Interesting to see CELH at this level. Do you know if Leif was trading it purely on technicals or were revenues and earnings growing Q/Q as well during this time frame?

[@markj-uk]

Thanks guys - That was really helpful

[@RichardMoglen]

Glad it was helpful!

[@maheshhm]

from the Scanner results...how do u pick a particular ticker for buying

[@RichardMoglen]

Hi Mahesh, this is where the art comes in and judging the price and volume action. Looking for accumulation and then a dry up in volume as it consolidates

[@maheshhm]

@@RichardMoglen Yep, agree i am doing that, but going through 100s(200s, 300s) of tickers is a pain...so wanted to understand is there a easier way to filter the list first...I have done some TOS scripts also to check for 2-3 days breakouts....but i feel like i might be missing something

[@maheshhm]

I am strictly following Marks method of VCP filtering

[@RichardMoglen]

You can screen for technical and fundamental criteria but at the end of the day imo you have to look through charts to find the best setups. Weekends are the best time to do it.

[@mymotosai5036]

Great interview. I really like and can relate to Leif's trading style so appreciate any advice or background to his trades that he willingly shares.

[@RichardMoglen]

Thanks Cris! Glad it was helpful!

[@flymarbles4010]

P

[@flymarbles4010]

P

[@pkhangtam]

Excellent interview

[@RichardMoglen]

Thanks so much!

[@SolonZandtheSapphires]

Great interview, and insights! Thanks

[@RichardMoglen]

Thanks Solon!

[@inglese2996]

Excellent interview Richard. I'd be interested to know ho much of total capital Leif commits to each trade? I know Minervini will load up - sometimes up to 25% on a single position. Personally I don't normally go above 10%... any idea what Leif does?

[@gilltim5711]

These stocks are all on a screen. What I'd like to know is what are the fundamental criteria used for that screen, that pulls up stocks that have the potential to double in such a short period of time? Yes, I see the technical timing device, but what are the fundamental criteria that put these stocks on his results list in the first place?

[@RichardMoglen]

The Trade Templates are from Mark Minervini. Check out his books which explains those screens

[@gilltim5711]

@@RichardMoglen Thanks, Richard.

[@richardbraun6719]

Great interview. Learning a lot lot! Thanks!

[@RichardMoglen]

Great to hear Richard!

[@ravivaradarajan1425]

.Hi Richard Great interview. I recently discovered your channel and have been enjoying your work especially the Python programs. Have you experimented with coding up detecting VCPs Will look forward to your future work

[@RichardMoglen]

Hey Ravi, that's definitely in the works. Would be a challenging but rewarding program to make.

[@Bubbles-qh7ez]

Another great interview.

[@FrozenDoberman]

The vast majority of traders under-perform the S&P 500. Starting out knowing this and realizing that many traders blow up their accounts, will be a huge advantage long-term in regards to developing a healthy fear of the stock market. I recommend new traders should start out by just trading QQQ and/or SPY ETFs using 21 and 50-day EMA lines. Keep in mind that long-term Vanguard index investors blow most traders away in terms of combined dividend and capital gain returns. Traders like Dan Zanger, Mark Minervini, and Leif Soreide are super rock stars of the trading world. In reality, very few traders will reach this level.

[@sohambhatia]

great interview, good to see different systems

[@RichardMoglen]

Glad you enjoyed it! I agree, you can take a little bit from each one and make it your own.

[@tomkurian7858]

Awesome interview!

[@RichardMoglen]

Thanks Tom!

[@swiss-man7733]

Great interview thanks

[@RichardMoglen]

Glad you enjoyed it!

[@peeradonthitinanthawidej5011]

Great interview, Thank you!!

[@RichardMoglen]

No problem! Glad you enjoyed it!

[@cibikarthikeyan]

Great one. Thank you

[@11KAB11]

Absolutely exceptional video, really learned a lot here. Thank you so much for doing these. My style of trading is very similar to Leifs and got some great tips.

[@RichardMoglen]

Great to hear!

[@arunkumar-js5rt]

Thanks richard , i love the video and learned alot .

[@RichardMoglen]

Glad to hear it!

[@ryanblair8066]

Great video. I'd like to know how much Leif or you look at industry group strength. CANSLIM says to look at the top 20 to 40 out of 197 industry groups. But Leif is talking about stocks in the insurance business which haven't been good lately. It seems like he doesn't pay attention to that too much. What do you think?

[@ryanntrading4863]

Which moving averages are those?

[@FernandoLopez-yp7ul]

Really good. Thank you very much !!

[@RichardMoglen]

Glad you liked it!

[@benb121]

Again another brilliant interview, really insightful and helpful! Please keep it going, I really appreciate what you do.

[@RichardMoglen]

More to come!

[@mistareee]

I feel like every stock is setting up into a high tight flag right now. So many huge movers forming a shelf

[@chichibb]

thanks for doing this!

[@RichardMoglen]

My pleasure!

[@Thomas-vo9ks]

great content! and thanks for the timeline!

[@RichardMoglen]

No problem! I know these are too long to watch in one sitting

[@MacPizza]

In the context of what Leif is talking about ... what means "pivot"?

[@RichardMoglen]

The pivot a significant price level where the stock can breakout out through on volume. Often its a previous weekly high or other point of resistance.

[@MacPizza]

@@RichardMoglen Good, it's needed a enough amount of volume too. Thx

[@jamesdoyle59]

Great interview 👍

[@RichardMoglen]

Thanks Jim!

[@angeldavila4669]

how can i see his daily trades?

[@SJSMchick]

Do you think Leif would've bought APPS around June 18 or so when it pulled back and made a new high (even though it wasn't a high tight flag)?

[@indrajr6]

Thank you 🙏 🙏🙏🙏

[@RichardMoglen]

Welcome!

[@jasontibbetts5347]

Leif is a Golden God!!! 🤘

[@RichardMoglen]

100%!

[@michaelxy85]

Great Content. Thx.

[@badass7547]

some of the stocks , he is trading have less than 500k average volume like brp,sii. So, is it okay to buy stocks that have less volume than 500k Average volume?

[@dongueW]

Depends on sizing rules. Buying thin names is fine if you're not oversizing into the stock.

[@paulojustinianookubo]

I am a successful trader how do I enlist in this competition?

[@RichardMoglen]

financial-competitions.com/

[@paulojustinianookubo]

@@RichardMoglen thank you so much. Also great interview my friend. To anyone out there who is trying to do this and do it the right way. Please take it seriously like a business and watch your risk more than anything. Also dont see your loses as money and value. And let your account compound so you can grow bigger !

[@sagarmore796]

Creative Learning....👍

[@ScoolHumorORIGINALS]

42:00

[@sanketmane7109]

🏅🏅

[@michaelscarn7375]

Leif looks like you older brother

[@RichardMoglen]

Hahaha I'll take that as a compliment

[@careerstocktrader5465]

Should start a hedge fund.

[@CodyHill.Mastery]

I didn't know that you could sue a Financial Advisor.? I'm here, because of mine. He underperformed the market by 50% or more.! We had to take a 50% loss on our Networth, just to walk away.

[@makincash3337]

The champion basically said he has no plan

[@vgburning9463]

why you don't smile during the interview? great stuff but to me you always sound less happier than the interviewer after watching some of you inteviews

[@RichardMoglen]

Hey VG, I promise I was having a great time. Sometimes I'm focused on thinking of the next question to ask or just trying to listen very closely.

[@drewharrison6236]

Dude, give him a break! He's awesome! He's concentrating on bringing the public a quality interview with a fantastic trader. He's young, and he's doing just fine. Keep it Richard!!! You ROCK BRO!

[@SJSMchick]

Haha critical much