How To Become A Long Term Growth Stock Investor | Interview with Chris Perruna

[@RichardMoglen]

Timestamps: 0:00 Intro 0:28 Chris's investing Background 1:50 Trading during College. Dot Com Era 2:50 Evolution as a trader, Extending Timeframes 3:40 Buying The Dip does not always work 4:20 Learning to Invest 5:20 Would Chris want to trade Full time? 6:18 Learning CANSLIM-Swing trading 7:59 Transition from Swing Trader to Investor 9:00 Book recommendations 10:00 Trading like Nicolas darvas 10:55 Catching Months to years Trends 12:20 The Trade Desk Sell Decision- Churning 13:14 % of stock over the 50day- 200 Day 16:16 All stocks return to the 200 day 16:30 Shop at the 200 day 17:45 Stocks 100% above the 200 day 18:39 Moving averages are areas of interest 19:20 the market is always the same- human nature 20:20 Mixture between fundamentals and tecnicals 20:40 Market wizards, including technicals makes a huge difference 22:10 What software tools does Chris use? 22:28 Chris's Favorite Screens 22:50 Daily New Highs screen 24:25 Watching what stocks and industries are making new highs 25:15 Oil and gas, banks leading 26:40 Screen Parameters 27:20 Accumulation days, distribution days 28:20 15% off highs screen 29:24 New IPOs Screens 31:25 stocks between 50 sma and 200 sma 31:49 Increasing Fund Ownership screen 32:30 DKNG Fund Sponsorship, Sales Growth 33:35 Earnings Fuel a stocks run 34:40 Fund ownership in MarketSmith 36:40 the story behind a Stock's Run, ROKU NET DDOG 39:08 Entry Setups and Chart patterns 39:57 Buying Up the Right side of the base 40:20 Zm Example, Position Sizing for Risk management 41:25 Stage Analysis ZM, it's Future 43:25 Zm's future, Sales Growth 44:30 Institutional support, Double Edged Sword 47:25 Using the 200 day 48:00 Roku Stock Analysis 49:45 Commissions, taxes 50:41 Buying Setups - Avoiding Extended stocks 52:00 Don't be afraid to buy a stock higher 52:48 Forget the past 53:17 not using Stop Loses, Risk management with Position Sizing 54:55 Averaging Down, managing risk 55:55 trimming Holdings, Taxes 56:39 Overall Investments Portfolio., Long term account 57:00 buy stock in companies you use 58:00 Chewy discussion 59:20 Chris's Long Term account Holdings 1:01:05 Liquid Net Worth Breakdown 1:04:05 Real Estate Investments, triple Net Properties 1:07:38 Position management- story Changing 1:09:50 Determining Market Conditions 1:10:30 New Highs, new Lows 1:12:10 % of stocks above the 50, 200 sma 1:12:40 Mindset during Drawdowns, Tricks and hedging 1:17:50 Waiting for the market to confirm up or down 1:18:20 Grading your holdings 1:20:00 Hedging Strategies, Puru Saxena, Tom Basso 1:21:55 Tips for New traders 1:22:50 Starting with real money 1:25:00 How to connect with Chris 1:26:00 Follow people similar to your style, eliminate noise

[@RichardMoglen]

I hope you guys enjoy and have a great weekend!

[@AhmadrezaAtighechi]

Love the way Chris looking at the market and the way he is investing/trading. This is the approach that works well with my life/work style and perhaps for most of people who are investing not as main stream of income. This is the quality video I will bookmark and come back and watch again and again.

[@_darkbrian]

My wishlist: Mike Webster - watchlist building, Amogh -------- brilliantly done, TraderStewie - how to spot the next "momentum" trade, Chris Gessel - how to prepare for the market correction/volatility, Zack "AlwaysRed" - how to employ multiple trading styles simultaneously, Mark Minervini - just let the man speak without any interruptions )) Massive thanks for this episode!

[@LocoCioco]

that's a great list: would love to see TraderStewie too. Richard Chu also

[@RichardMoglen]

Great suggestions thanks!

[@debabrata98]

This is a great interview, wish would have seen something similar 10 years back. Richard, Thanks for hosting Chris..

[@RichardMoglen]

Thank you for watching!

[@Irnest]

Super video. You were great on it Chris! Thanks for all the generous sharing of your insights. Thanks Richard, this was great!

[@RichardMoglen]

Glad it was helpful!

[@davesingh999]

I am following Chris very closely for the last couple of months, and I wish I would have started following him last year :-) anyways...I like his style and solid picks. Thank you so much Richard for hosting Chris. Really enjoyed watching both of you!

[@RichardMoglen]

My pleasure thanks for watching!

[@figgy163]

25K subs, congrats Richard, with guests like Chris it'll continue to grow. One of the great traders in the Fintwit community. Excellent interview, thanks to you both.

[@RichardMoglen]

Thanks tony!

[@lilianseow2256]

Great interview with Chris! The fintwit community gets greater and greater each year!

[@ernestoapfelbaum8286]

OMG, Richard what a fantastic interview. What a fantastic person. Glad to see that I am the #254 viewer and hope many more will watch this interview. I could not count a second of no relevant information. Thanks for your hard work.

[@RichardMoglen]

Glad you enjoyed it!

[@sridharsrinivasan625]

Chris is silent superstar.thanks for interviewing him richard!..You rock as always.

[@RichardMoglen]

Thanks so much Sridhar! Chris is great

[@chrisperruna5089]

Thank you.

[@simonparslow7254]

Really enjoyed this video, thank you guys. Chris speaks very well, and I learned a lot. Great interview.

[@RichardMoglen]

Our pleasure!

[@Jake_Belden]

Been waiting for this to drop, love how transparent and active Chris is with his Twitter community. Thanks for making this happen, Richard!

[@RichardMoglen]

Thanks Jake! Enjoy

[@chrisperruna5089]

Thank you.

[@mishaalradi5717]

Amazing interview. Chris is a remarkable investor. Love your works, guys! Keep up the good.

[@RichardMoglen]

Glad you enjoyed it!

[@Ashwinsyoutubization]

Thank you Richard and Chris. Chris style/portfolio design & mgmt definitely echoes with many part time traders. Thanks for sharing various screens from MS. Great content from Richard as always. Would like to see more full time job holder/part time trader interviews(Anish would be awesome) in the future.

[@yasir3425]

Thanks for the interview. Have been following Chris for couple of months and it is helping

[@RichardMoglen]

Great to hear!

[@keotva]

Another great interview! It's amazing to see the many different approaches but all of them follow same recipe for success: practice/experience, discipline, compounding learning, fast mistake acknowledgment , ... Thanks you both!

[@RichardMoglen]

Our pleasure! Thanks Kenny!

[@_illuziun_]

Amazing interview, Richard. Really enjoyed this one.

[@RichardMoglen]

Glad to hear!

[@tvo3684]

Been following you both on Twitter for a while now, much respect. Great interview and thanks so much for sharing your collective knowledge.

[@RichardMoglen]

Very kind Tvo, thanks for watching!

[@sointoyou8153]

Episodes like this really help expose who on Twitter knows a thing or two. Thanks so much for sharing Chris! I’ve been a long time follower and trade in a very similar manner.

[@chrisperruna5089]

Thank you.

[@RichardMoglen]

Glad you enjoyed it!

[@stamils]

Very good interview. Very informative to hear how Chris trades. Thanks a lot Richard

[@RichardMoglen]

Our pleasure!

[@chrisperruna5089]

Thank you.

[@Shaka610]

This was awesome.. Thanks gentlemen!

[@RichardMoglen]

Thanks Asim!

[@tom8255]

Really interesting interview, love Chris’s hybrid style and also knowing he manages his investing around a full time job. I wish Market Smith was more affordable!

[@RichardMoglen]

Thanks Tom and same here!

[@anilsamuel9250]

is there a cheaper alternative to market smith with similar screeners?

[@ericp7811]

Interesting discussion about his overall portfolio. It’s nice to hear how traders are diversified in regards to their overall wealth

[@RichardMoglen]

Thanks Eric!

[@joshmckee8022]

Great interview, keep it up with these videos !

[@RichardMoglen]

Thank you! Will do!

[@irshadmurad]

Well said Chris...........with paper money account you will never get the emotions like running a real account

[@bhaynes5037]

Richard, great job as always. Chris is a great interview and good follow on twitter.

[@RichardMoglen]

Thanks!

[@Nickd268]

Great interview!

[@RichardMoglen]

Thanks Nick!

[@jasonabbott7509]

Great interview. I'd love to know which funds you think are the best at picking growth winners.

[@tmclbnk]

Great Stuff! The way Chris finds potential winners, was really helpful. Thanks 🙏 Well done!

[@RichardMoglen]

Glad it was helpful!

[@chrisperruna5089]

Thank you.

[@naples1161]

Fantastic.

[@RichardMoglen]

Many thanks!

[@gauravmalhotra2272]

Great job Excellent insights ✌

[@chrisperruna5089]

Thank you.

[@RichardMoglen]

Glad it was helpful!

[@zhaoliu7166]

Thank you

[@nvrphanikumar]

Nice Interview Richard .Good points on Cash flow is king , diversifying investments for retirement.Time horizon is my takeaway ,everyone has their own style(Day,position, swing) ..following right people that fit our style is important.

[@RichardMoglen]

Nice takeaways!

[@chrisperruna5089]

Thank you.

[@GrowWithWill]

Chris has some great annual lists every year.

[@RichardMoglen]

he sure does

[@ahmedelbadry2014]

it's a very nice interview, but dude don't touch a stock in the 3rd phase hanging around 200 SMA till you know where it gonna go, I am coming from 12/2021 where zoom is >40% below the 200 SMA.

[@ULCERE13]

Huge content. I will probably watch it several times !

[@chrisperruna5089]

Thank you.

[@RichardMoglen]

Awesome!

[@here2learn]

Finally now that FinTwit tease by Ray can be satiated.

[@RichardMoglen]

Haha!

[@jeromeduvanel8764]

Thanks for this excellent , As usual :-) video

[@chrisperruna5089]

Thank you.

[@RichardMoglen]

Thanks for watching!

[@pavsoccer10]

nice video Richard- i think one of the issues right now to buying and holding growth stocks is that the pace of innovation of technology is so rapid these days that you constantly need to examine your holdings to examine whether the company is a long term disruptor or not

[@RichardMoglen]

There are many ways to trade, but only one right way for you

[@MRYeahyoung]

Thank you！ Following Chris for months! Love him. But I don’t follow the names of books recommended. Could you please type their names? Thanks!

[@lachlanmoylan8346]

You need to interview qualmaggie

[@m.u.st.f.a6888]

How I can call you?

[@VinciCastor]

A newbie trader who wants to learn CANSLIM should be a bit careful picking up pointers from this guest. He admitted he don’t have a system. Maybe that’s why he missed his entries in $SE last year. There’s a higher chance you’d get burn in the market with discretionary approach.

[@prakharmaheshwari7462]

Don't all the charts trader, are discretionary?

[@RichardMoglen]

Everyone has their own final rules an style. Chris is still based off CANSLIM

[@santiagonegroni9032]

I noted lots of great info. I just do not understand why he holds onto his losers for so long. Losing trades kill returns. He’s an extremely smart dude, but I don’t think he’s in tune with the damages he’s causing his P/L.

[@juandeltoro5189]

Great Interview! 👍

[@RichardMoglen]

Much appreciated!