The Powerplay Trading Setup | Interview with Pro Trader Mark Ritchie II

Welcome back to the Market Chat Podcast. Today we are featuring an Interview with Mark Ritchie II who was featured in Momentum Masters with Mark Minervini, David Ryan, and Dan Zanger.
Mark is a managing partner at RTM Capital rtmca.com/
and an experienced growth trader.
In this interview we cover an extensive amount of topics including his Background, The Powerplay setup, Sell Rules, and Current Market Conditions.
The Powerplay stock trading setup or high tight flag setup is a powerful setup that can yield strong performance in just a matter of days. Mark walks through many examples of the powerplay setup and what he looks for in terms of price and volume action
Connect with Mark
/ markritchie_ii
rtmca.com/
www.minervini.com/
Books Mentioned
Trade Like a Stock Market Wizard: amzn.to/3sQmo0n
Think and Trade Like a Champion: amzn.to/32Mwnt2
Mindset Secrets for Success: amzn.to/3ew1bmZ
Momentum Masters: amzn.to/3xk2uy6
Enjoy!
-Richard
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Stay in touch
► / richardmoglen
► richardlmoglen@gmail.com
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► www.buymeacoffee.com/RichardM...
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Timestamps
0:00 Intro
0:47 Mark's Background
3:25 Love for competitive games
6:25 Beginner trading mistakes
8:35 Style Drift
10:35 Staying Disciplined with a Strategy
13:15 Having a consistent process
16:20 How to analyze market conditions and find setups
20:00 Mark's Daily Routine
25:00 When do you buy a stock?
26:49 Mark's Trading Style
28:20 Selling into strength to finance a longer trade
30:30 Situational Awareness
32:44 Buying Breakouts versus Pullbacks
35:30 Charting: Powerplay Setup
39:00 Shakeout within the setup
41:30 X US Steel Losing example
43:20 VYGR Example of a powerplay that wasn't tight enough
44:30 TH example
45:40 UUUU Example
46:40 Constructive Price and volume action
47:40 Shakeouts, Driver behind a HTF, Neglect phase before the setup
55:20 Overhead Supply
55:30 Buy point and stop loss placement
56:30 LUNA Crypto HTF
1:00:14 DOT Crypto HTF
1:01:28 Selling into Strength
1:03:44 Length of the HTF base
1:05:58 Current Market Conditions, what would mark need to see to get aggressive
1:07:55 Conditions can change quickly
1:09:00 Ignore old leaders
1:09:40 Stocks point you to the leading groups
1:10:20 Does Mark consider Macro conditions?
1:13:10 How to do Post Analysis
1:17:00 Advice for traders
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Music from Absent Mind: / absentinlife
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Disclaimer
The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything

Пікірлер: 94

  • @mahanteshharihar8182
    @mahanteshharihar81822 жыл бұрын

    Such a power packed interview that one can't afford to miss for a second what Mark is telling. This was possible because of your high quality questions. Thanks for the interview.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Wow, thank you!

  • @RichardMoglen
    @RichardMoglen2 жыл бұрын

    Timestamps 0:00 Intro 0:47 Mark's Background 3:25 Love for competitive games 6:25 Beginner trading mistakes 8:35 Style Drift 10:35 Staying Disciplined with a Strategy 13:15 Having a consistent process 16:20 How to analyze market conditions and find setups 20:00 Mark's Daily Routine 25:00 When do you buy a stock? 26:49 Mark's Trading Style 28:20 Selling into strength to finance a longer trade 30:30 Situational Awareness 32:44 Buying Breakouts versus Pullbacks 35:30 Charting: Powerplay Setup 39:00 Shakeout within the setup 41:30 X US Steel Losing example 43:20 VYGR Example of a powerplay that wasn't tight enough 44:30 TH example 45:40 UUUU Example 46:40 Constructive Price and volume action 47:40 Shakeouts, Driver behind a HTF, Neglect phase before the setup 55:20 Overhead Supply 55:30 Buy point and stop loss placement 56:30 LUNA Crypto HTF 1:00:14 DOT Crypto HTF 1:01:28 Selling into Strength 1:03:44 Length of the HTF base 1:05:58 Current Market Conditions, what would mark need to see to get aggressive 1:07:55 Conditions can change quickly 1:09:00 Ignore old leaders 1:09:40 Stocks point you to the leading groups 1:10:20 Does Mark consider Macro conditions? 1:13:10 How to do Post Analysis 1:17:00 Advice for traders

  • @RichardMoglen
    @RichardMoglen2 жыл бұрын

    Going over charts at 35:00 was fantastic, highly recommend watching.

  • @user-ju8rq5ui9x
    @user-ju8rq5ui9x5 ай бұрын

    One of the best interviews yet imo. Great work Richard, and thanks for the insight Mark.

  • @MikeLocke
    @MikeLocke Жыл бұрын

    Probably heard this a lot, but you have a gift for interviewing people. Great listener, great questions.

  • @swingtradingscience
    @swingtradingscience2 жыл бұрын

    I learn so much from every interview!!! Keep these up Richard! Just finished momentum masters and have really grown to appreciate Mark's strategy.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Great to hear! Thanks Robert

  • @AdityaDas720
    @AdityaDas7202 жыл бұрын

    Trading or Speculation is a Reflection of your Personality...... I loved this Line.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    100%!

  • @juliofurtado5642
    @juliofurtado56422 жыл бұрын

    Awesome work Richard, thanks for bringing world class traders to the channel

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Glad you like them!

  • @ajayp3620
    @ajayp36202 жыл бұрын

    1:00:00 walkthroughs are always cool to watch.. this is really educative..thanks Richard..

  • @Shubharwal
    @Shubharwal10 ай бұрын

    This is exactly the kind of explanation i was looking for on HTF/Power Play setups. Turns out I have actually been doing what Mark has explained here. Thanks a lot Richard for bringing us this wonderful interview. HTFs and VCPs are the only 2 setups I trade and this information just boosts my morale to keep it going!

  • @RichardMoglen

    @RichardMoglen

    10 ай бұрын

    Great to hear!

  • @tedpappas1559
    @tedpappas15592 жыл бұрын

    Another great interview with Mark, thanks again gents for all the hard work you put in and for the education, very much appreciated 👍

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Glad you enjoyed it! Thanks Ted

  • @klazarov
    @klazarov2 жыл бұрын

    Thank you for doing this kind of interviews Ricard!

  • @andrewplante7232
    @andrewplante72322 жыл бұрын

    Great video again Richard! I was looking forward to this video and it is fantastic as expected. Thank you!

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Thanks Andrew!

  • @bmcg4029
    @bmcg40292 жыл бұрын

    Thanks Mark and Richard. It doesn't grow the account, but it is reassuring to hear more experienced traders voice out how tough the markets are these days. Good interview, as usual. (ForwardtoInfinity).

  • @BingoPooh
    @BingoPooh2 жыл бұрын

    Great interview! You have the best interviews! I really enjoy learning from them! Great questions! Thank you!

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Thanks Lisa!

  • @od1nh1ll
    @od1nh1ll2 жыл бұрын

    Mark is one of my favorites, really able to articulate his strategies Also has a nice down to earth vibe doesn't feel the need to cringe flex

  • @leihe5215
    @leihe52152 жыл бұрын

    Very excellent interview, interviewer and interviewee! Thank you Richard and Mark. A little suggestion may I , for the real example in the interview for the entry point, if you could ask them how did they exit the trade, that would be great, I am so interested and curious about it!

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Great suggestion!

  • @figgy163
    @figgy1632 жыл бұрын

    Excellent interview, great content as always. Thanks to both 👍

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Glad you enjoyed it! Thank you Tony take care

  • @jaysteve4442
    @jaysteve44422 жыл бұрын

    Really good interview. Great info. Thanks to the both of you guys 🙏🏽🙏🏽

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Our pleasure! Thanks Jay!

  • @helipilot7762
    @helipilot77622 жыл бұрын

    Outstanding! Minervini protege!

  • @thapa81
    @thapa81 Жыл бұрын

    Great interview. Thank you, Richard and Mark.

  • @RichardMoglen

    @RichardMoglen

    Жыл бұрын

    Glad you enjoyed it!

  • @lifelessplum
    @lifelessplum Жыл бұрын

    As usual another great interview!

  • @Steveocork
    @Steveocork2 жыл бұрын

    another gem , thanks Richard & Mark

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Our pleasure!

  • @ClubdelTrader
    @ClubdelTrader2 жыл бұрын

    A lot of golden nuggets here. Keep up the work Richard!!!

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Thanks!

  • @arunricky
    @arunricky2 жыл бұрын

    Great video again. Thanks Richard and Mark.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Our pleasure!

  • @TO9729
    @TO97292 жыл бұрын

    Thanks Richard, excellent set of questions.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    My pleasure!

  • @hatsigeo1283
    @hatsigeo12832 жыл бұрын

    No disrespect to the previous guests because you have had some super pros on your channel Richard but this Ritchie guy is a really good interview. Thank you.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Thanks JH, yep always great talking with Mark

  • @Swishormiss
    @Swishormiss2 жыл бұрын

    Another great interview. Thanks Richard

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Glad you enjoyed it! Thanks Jason

  • @chandraprakashtomar
    @chandraprakashtomar2 жыл бұрын

    The Example Given of HLG Is really Great.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Agreed, textbook

  • @KINGFLX
    @KINGFLX2 жыл бұрын

    Amazing wonderful insights so helpful to match up some of my own thoughts to those discussed 💯/💯

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Glad you enjoyed it!

  • @someday001
    @someday0012 жыл бұрын

    Great interview👍🏻 Very informative.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Glad you enjoyed it!

  • @rocketPower047
    @rocketPower047 Жыл бұрын

    The best HTF I ever bought was Tesla 2013, which occurred right after a massive saucer breakout. Wish I caught saucer BO

  • @kjgetsbetter525
    @kjgetsbetter5252 жыл бұрын

    Very similar to Qullamaggies style of setups. Highly recommend checking out his stuff too if you’re interested in these type of trades

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Yep he is another fantastic momentum trader

  • @kjgetsbetter525

    @kjgetsbetter525

    2 жыл бұрын

    @@RichardMoglen Any plans for a potential interview with him??

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    @@kjgetsbetter525 I’d be happy to, he’s got an open invitation

  • @teslamr7333
    @teslamr73332 жыл бұрын

    CUTR looks like SUFB, The previous base looks very similar how it doubled and then fizzled out. I think it’s better when you have a stock that doubles after it comes out of a base. The spreads on this stock are also so wide, I don’t know how someone can put any size on a thin stock like this. If anyone wants to study a power play go look at PRTS which broke out on 07/08/20.

  • @Nickcollison
    @Nickcollison2 жыл бұрын

    A suggestion. It's great that you have a great camera and microphone but, you could make the interviews even better quality, if you spent some time getting your guests to position their camera better, and also not have light behind them but in front, so that their picture is better quality. Sorry Richard, they are the star of the interview and should look better than you !

  • @cliffordt1224
    @cliffordt12242 жыл бұрын

    Nice interview. I don't understand rebranding the high tight flag.. but interesting.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    I wouldn't put much thought into it, people have many different names for the same setups

  • @julesboss79
    @julesboss792 жыл бұрын

    Great video again Richard thanks so much for the hard work its gold content for me. I have a question if anyone could help me (I am kind of new to this), at 28:44 when he talks about sell out a piece at multiple of his risk from 2 to 5 to 1? He is just referring to his ratio right ? (example he has an SL at 5% he will take a portion of profit at 10% 25 % and 5%? I dont really get the "1" coming after 2 and 5)

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Yep! 3-1 Means a 3X multiple on his risk

  • @julesboss79

    @julesboss79

    2 жыл бұрын

    @@RichardMoglen Ok make sense, thanks Richard !!

  • @Ezdeharmediaa
    @Ezdeharmediaa2 ай бұрын

    How should we ignore the market when one of the required ctiteria is rs

  • @seek3n
    @seek3n2 жыл бұрын

    primary watchlist 15-100 stocks?

  • @zhaoliu7166
    @zhaoliu7166 Жыл бұрын

    非常感谢!

  • @swiss-man7733
    @swiss-man77332 жыл бұрын

    Great interview, do you know the name of the broker he trade cryptos? Thx

  • @kayz1553
    @kayz15532 ай бұрын

    55.50 Crucial

  • @ketan3233
    @ketan32332 жыл бұрын

    wich trader you follows personaly ?

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    A mixture of many different ones

  • @paulader9007
    @paulader90072 жыл бұрын

    Love listening to traders that don’t know or care anything about the fundamentals of what they are trading. Good thing he got out of terra Luna and didn’t get into voyager

  • @sherlock4791
    @sherlock47912 жыл бұрын

    Im always get traderlion and richard moglen podcast mixed up I really thought ive alr watched this

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    I also interviewed mark for the traderlion channel but we covered different topics

  • @movableimages
    @movableimages Жыл бұрын

    all meat no fluff!

  • @RichardMoglen

    @RichardMoglen

    Жыл бұрын

    That's always the goal!

  • @kingjimmy442
    @kingjimmy4423 ай бұрын

    He might be good…But his Uncles are Last of Legends.

  • @mahditrader2485
    @mahditrader24852 жыл бұрын

    ❤👏👏👏👏👏🤑🤑🤑🤑🤑🤑

  • @Andrew-dj1wd
    @Andrew-dj1wd2 жыл бұрын

    No such thing as "Weak Hands". That comment comes from Pumpers or Experienced Traders. There have been new traders in the last 2 years learning and making mistakes and successes who may at times have to Sell to protect their small cash flow and less experience. The lesson should be why do these so called "weak Hands" sell and why they should Hold. Its a teaching moment. All these Gurus do sell while others hold. Some traders have Held TESLA for 10 years. Some traders have Sold TESLA many many times for 10 years.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    This interview is about trading.

  • @Andrew-dj1wd

    @Andrew-dj1wd

    2 жыл бұрын

    @@RichardMoglen yes I know. Was just referencing when the phrase 'weak hands' is used. Less experienced traders have to protect their capital by selling when they are at risk. Your guest also said he sells when at risk. Neither scenario is 'weak hands' because no one knows the direction of a stock, but the phrase is used after the fact.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    @@Andrew-dj1wd Weak hands refers to anyone who uses stop losses. I agree with what you are saying. He is not using weak hands as a negative adjective. The goal is to be the last weak holder after supply has been wrung out within a base or after a shakeout

  • @Andrew-dj1wd

    @Andrew-dj1wd

    2 жыл бұрын

    ​@@RichardMoglen I have only been trading for 2 years, part time while working and trying to graduate from medical school. I learned trading from others on Twitter and KZread. I have since focused on a few KZread channels to develop some basics, a system, a few set-ups. Protecting Mindset is likely the top equity in trading. New traders who don't want to be labeled a "weak hand' or 'paper hand' on Twitter have held stocks and lost tons of cash and wrecked their mindset. That's my main point for your viewers. Your channel is awesome for learning.

  • @leihe5215

    @leihe5215

    2 жыл бұрын

    @@Andrew-dj1wd"weak hands" is often used neutral term in trading. It also used in O'Neil's book and Mark's book. Don't take it wrong. I am/was "weak hand" a lot of time. I was shaken out and only watching the stock taking off without me.

  • @kreative159
    @kreative1597 ай бұрын

    Seem like he did not focusing on the questions, the answers were too long and not sharp.

  • @markmcgwiresbackne5705
    @markmcgwiresbackne57052 жыл бұрын

    I know it when I see it is not a trade setup, it's said by someone who can't explain how they make money in markets. They don't know. Also, when something is so obvious in a hot stock/hot sector a 5th grader can see it, buy it. Stop buying behind peak formation highs and pin hammer engulfments in trash names. Forget this dude, bring me on your show. I will show your viewers real setups on an intraday basis they can profit from with pictures, with clear explanation, that happen over and over and everyday. Your audience needs it put in they're lap it's why they're here. This is useless.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Here are Mark Ritchie's Returns: twitter.com/markminervini/status/1526204860231823361?s=20&t=jybnTT4D2bj1LygqqcnPmA

  • @gf5050
    @gf50502 жыл бұрын

    Im gutted, ive really tried but i just cant listen to this guy. Shame coz it s great info…

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    ???

  • @ps7857
    @ps78572 жыл бұрын

    Awesome content and truly inspirational...Marks strategy and comments/answers were easy to understand and full of common sense..if one watches this video once everyday profitable trading is on its way😄 thanks Richard for asking all relevant questions and keep up the good work👌👌

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Glad it was helpful!

  • @thomascooktv
    @thomascooktv2 жыл бұрын

    One of the best interviews yet imo. Great work Richard, and thanks for the insight Mark.

  • @RichardMoglen

    @RichardMoglen

    2 жыл бұрын

    Glad you enjoyed it!

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