Stair Step Trading Strategy

[@ChartGuys]

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[@mnice59]

More of this Dan, more of this. Thanks

[@brianrawlings575]

Thank you Dan. I was losing money by taking lots of small losses (on large position sizes) and being greedy holding out for the big move which most of the time worked out in the longer timescale but because my stops were so close due to my large position size I would get stopped out all the time. At least now I can break even while waiting for the larger move to work out.

[@nortonbros]

Love these videos and the daily market coverage! I watch them every day there’s always something to learn from you!

[@mattmagee7541]

It's a shame value doesn't directly translate directly into views. This should have 1000x more views. Thanks for what you do for us Dan.

[@mrstyles6597]

Thanks very much Dan, another very helpful video. Really appreciate the time and effort you spend educating. 🙏

[@michaeldeng1730]

Awesome video thanks Dan! Quick question, how do you distinguish the pull back is not a bull flag please? Thanks

[@ChartGuys]

You are welcome, see my fib retracement video for in depth answer

[@gary5799]

Your content is great, it's going to take me watching this a few times to get it locked in

[@peanutsandcorn7733]

Good morning Dan! Thank you!

[@0602980]

Thank u for taking care of out tool belt variety! 😅 Had to watch this a couple of times and will watch it again. Great attempt in clarifying things simply, apparently my concentration span could use some upgrades. Or a digital detox, lol. Either way, thanks precious, i ll keep coming back to this until it clicks. ☺️🍀🌼🙏🏻🌸😍🤓👍🏻🎣

[@thisisthenameiwanttouse646]

Great info Dan. Thank you

[@roblaskowski1030]

Great video, Dan. Thank you. When a stock is in an uptrend, I use a clean stair step down in its retracement, to gage the likelihood of a reversal when it hits support. Question.... When we are in a strong uptrend and a stock start a series of higher lows, why couldn't we jump on one of those candles and set the stop below the previous candle? We could just walk our stop up every day and climb those steps until we put in a lower high.

[@ChartGuys]

You could, but we would need to be in a clear breakout or with some kind of news catalyst for me to like the R/R

[@roblaskowski1030]

@@ChartGuys That makes sense. You talked about a blue sky breakout in the video. Thanks again!

[@wangjingyi300]

Thanks for another educational video Dan, what’s ur take on the uranium situation? My instincts telling me it is much like the start of the mj bull run a couple years back

[@petri523]

Thank you Dan. This was exactly what I needed today.

[@jameskoscian5586]

Thanks for the lesson!

[@tammazon323]

This was really good Dan thank you very much

[@SonamLhundrup]

Hi Dan, that was a great video ... I really enjoyed it. There is another risk management strategy that I am just learning ... it goes like this ... between the entry and the stop loss point, hedge the potential loss by taking the opposite position in a correlated asset (e.g. long LTC short BTC). Possible to reduce risk => increase R/R. Also possible to increase position size while respecting A/C risk mgmt. I wonder if you have worked with this and have any tips for how to practice it? thanks again

[@ChartGuys]

Hello, I personally dont do this but I know trader who do.. but I cannot speak to it from experience.

[@drin2124]

thank you Dan. this is awesome.

[@johndoe4314]

As of today (2022-02-17) DKNG is 64% down since your video. You nailed the absolute high of the move. Just LOL Dan :-D

[@startmake-ai]

Love this strategy. Can I ask when you say to have a stop loss immediately, was it a target you have in your mind or was it a stop loss order entered immediately upon the entry? Thanks Dan!

[@ChartGuys]

Place the stop loss, too many opportunities for a lack of discipline otherwise

[@ZackZeysto]

Funny as i was betting on e-sports matches this was a good strategy. I told myself that eventually every wining-streak can only go on for so long (best was 10+ games won).

[@gary5799]

just starting to look into this strategy, first thing thats just become aparant is swithching through time frames i can find more or less consecutive candles, like its maybe 4 on the 15min but 8 on the 3min, its interesting to me now looking through time frames looking for consecutive candles with higher low or high

[@dushyant2877]

13:39 what is risk percentage when you play off of a bigger time frame such as D or W.

[@cryptosuperninja3261]

thanks, loots off people learn patterns, but patterns and trading is not the same. I speak from my own experience. I would like more of those please :)

[@ChartGuys]

Bingo!

[@mag3914]

Hello Dan. Would you use fibs to put sell orders on the way out of the position ( once you’re already in risk free trade)- in case you need to walk away from comp or sleep. And if yes- how far you would set them- for case of conservative trader personality?

[@ChartGuys]

I do not use fibs as targets, I prefer the EMAs

[@fiftyghoststrading8500]

Great content, thank you!

[@Dhani_Nerrh]

Legend. Dan, the man,

[@hectordsd]

Thank yo very mucho dan chartmaster. I very like this strategy for scouting Lower highs

[@virgil9032]

So valuable. Thanks

[@grant5186]

Thanks Dan!

[@afrosamurai2423]

Here again trying to learn 🎉

[@joakimdrysen5472]

Thanks alot 😍

[@worldwidehappiness]

I did some backtesting and found few cases where it worked, and the setups were quite rare. Also, how is an overnight hold risk-free? Do you have guaranteed stop losses? If not, price can gap past your stop, e.g. an announcement of a take-over or a terrorist attack.

[@himynameisandyb]

He mentioned in the video that it wouldn't be risk free if he held overnight because of the gap risk. Watch again

[@jameskoscian5586]

Do you typically short more than long?

[@himynameisandyb]

He mostly trades long but can trade in both directions comfortably

[@stevecatron9607]

Will this strategy work with Heikin Ashi candles?

[@ChartGuys]

I cannot say from experience but I know someone who uses it

[@stevecatron9607]

Thank you for all the valuable information you provide.

[@SerDalton]

Thank you Jedi Master

[@AM2K2]

Thanks

[@jareen19871]

thanks so much

[@winstonpatterson]

Thanks Dan i love your education. 1 question if anyone knows when Dan refers to the pattern of a HL each candle is Dan talking about the whole candle including the wick or is he talking about the body only? When I read price action I include the whole candle including the wick so i wonder if this effects the strategy in any way...? thanks

[@justinprince1373]

Entire candle including wicks.

[@joeryan8262]

Bet this works well on btc 1,2,3 min charts. The stf bounces will just be candle after candle higher low no pull backs

[@JB-fy3hj]

Fees are a problem tho

[@dustyhurd424]

Holy shit did that DKNG "lets see how this turns out." age very very well. Basically been in free fall ever since and is at like $13 right now.

[@thousandlocks3258]

You are the Truth

[@JoePerdue]

this pattern is so underrated.

[@JoePerdue]

dkng short here would've been up 84% lol...and now the downward stairstep finally broke bull

[@curtis5445]

I'm guessing that Option trading requires a little more wiggle room?

[@ChartGuys]

I would assume so

[@mikesmith-zh3go]

Algo boostin

[@kawingtam4535]

thank you

[@AM2K2]

Narrator: Draft Kings couldn't handle Dan calling for a top and went on to dump 80%

[@ChartGuys]

Yowza, forgot about this one : D

[@tkproduction6996]

how do we find strategy like this on a site like finviz are barchart??

[@TheGoodGoodMan]

Thanks