The Reality of Being a Full Time Trader | Steve Swetz

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📰 TL Trading Academy: traderlion.com/YT-TLA In this interview with professional trader Steve Swetz, he discusses how find the leading stocks in the market, why taking action based on weekly charts will keep you in the leaders, and how having a low win rate doesn't mean you can't be extremely profitable overall. Steve goes through many charts of top growth stocks and shares his setups, risk management techniques, and much more!
Follow Steve Swetz on Twitter/X: / sswetz
Enjoy!
- The TraderLion Team
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Timestamps:
00:00 - In this Episode
00:45 - Steve Swetz Background
09:12 - Learning from William O'Neil
16:16 - Before Trading Full Time
20:25 - Focusing on Weekly Charts
24:05 - Steve's Trading Style
28:45 - Trading Statistics
36:45 - Steve' Trading Routines
46:25 - Finding the Leaders
50:40 - Scaling into the Market
59:41 - Chart Breakdowns (SPOT DECK NOW)
1:14:17 - Buying Tactics
1:22:20 - Recent Trades & Positions
1:42:34 - Written Trading Rules
1:46:28 - Steve's Trading Advice
#SwingTrading #GrowthStocks #tradingeducation

Пікірлер: 121

  • @TraderLion
    @TraderLion2 ай бұрын

    📘 Get your FREE 115-page Ultimate Trading Guide! - traderlion.com/YTC-UTG 👇 What you'll learn! -------------------------------------------------------------------------------------------------------------------------------------------------------------- Lesson 1: Build a sturdy trading foundation to overcome the biggest obstacles holding you back. Lesson 2: Master 3 powerful trading setups to adapt and thrive in various market conditions. Lesson 3: Efficiently screen and find top-performing stocks with strong momentum and high growth potential. Lesson 4: Establish a streamlined risk management strategy using stop losses, position sizing, and portfolio heat analysis. Lesson 5: Optimize selling decisions by identifying late-stage bases or key trend reversals by analyzing daily and weekly charts. Lesson 6: Sharpen your trading analysis and decision-making by integrating cutting-edge analytical tools and techniques. Lesson 7: How to establish and maintain routine weekly and daily trading practices to ensure consistent performance and continuous improvement.

  • @falconsooner
    @falconsooner6 ай бұрын

    What a great guest. Humble, funny, self depreciating. The type of guy we can relate to. Plus he did a great job of spelling his process out. A lot of great takeaways.

  • @petawawa42

    @petawawa42

    6 ай бұрын

    Well put!

  • @alphabeta8403
    @alphabeta84036 ай бұрын

    6:30 Losing 75% of account 8:00 Price, volume and a couple MAs 10:00 Buying out of tight areas 12:10 Writing down buy and sell rules 16:10 Trading full time; requirements 21:30 *Focusing on weekly charts* 24:10 Position trader 31:00 Professional loser (small) 35:10 *1-2 windows of opportunity every year* 50:40 Weekly chart example; big picture 1:43:30 Sell rules

  • @arshadahmed3923
    @arshadahmed39236 ай бұрын

    Loved the interview, Steve is very transparent and genuine and willing to share his knowledge and experience. Thanks Richard for bringing him for the session. I have improved a lot since reading Mark Minervini's book especially the risk management section. What I liked about Steve is how tightly he manages his risk by getting entries from lower timeframes while keeping the higher timeframe for trend following. The after hours trading idea is also something I will try that will give a cushion on gap ups in the morning. Usually, I was trying to buy the gap ups on the initial leg down where they usually touch the high of the previous day and take off. Thanks again!

  • @PE-TX
    @PE-TX7 ай бұрын

    Excellent interview! Steve is so sincere and willing to share what he's learned. He's very enthusiastic and transparent. Great personality. Really enjoyed this one. Thanks!

  • @TraderLion

    @TraderLion

    7 ай бұрын

    Glad you enjoyed it!

  • @yinshah3303
    @yinshah33037 ай бұрын

    Steve laid it all out! thank you for your straightforward and revealing interview. One of the best.

  • @TraderLion

    @TraderLion

    7 ай бұрын

    Glad you enjoyed it!

  • @rachelmorton7722
    @rachelmorton77226 ай бұрын

    I really loved this interview. He really comes across as genuine and interested in helping people learn. I loved learning about his hx and process and routine and how he tweaked things as he went along in his process. I found myself really drawn into the conversation and absorbed and related to a lot of what he talked about. LOVE LOVE LOVE this interview, please have him back, and often!!!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad you enjoyed it!

  • @TraderLion
    @TraderLion7 ай бұрын

    🕰 Timestamps 🕰 00:00 - In this Episode 00:45 - Steve Swetz Background 09:12 - Learning from William O'Neil 16:16 - Before Trading Full Time 20:25 - Focusing on Weekly Charts 24:05 - Steve's Trading Style 28:45 - Trading Statistics 36:45 - Steve' Trading Routines 46:25 - Finding the Leaders 50:40 - Scaling into the Market 59:41 - Chart Breakdowns (SPOT DECK NOW) 1:14:17 - Buying Tactics 1:22:20 - Recent Trades & Positions 1:42:34 - Written Trading Rules 1:46:28 - Steve's Trading Advice

  • @McMalhon

    @McMalhon

    6 ай бұрын

    Thanks for the great interview again, Richard & co. Btw These timestamps are more detailed than the one in desc… The desc is missing stamp to the part on routines, at least :)

  • @hanniss9
    @hanniss97 ай бұрын

    Way to go Steve! Great point about the weekly charts, in respect to eliminating irrelevant short term moves.

  • @lorrainekish3476
    @lorrainekish34766 ай бұрын

    Great interview, Richard. I really enjoyed learning about Steve's history and his trading strategy. He is so down to earth and easy to understand, and I love his enthusiasm. Nice job.

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad you enjoyed it!

  • @paulojustinianookubo
    @paulojustinianookubo2 ай бұрын

    All I can see inside him is Passion and love for trading. That’s what separates winners from losers. They do what the love !! Great job sir.

  • @TheGreeneggsandkam
    @TheGreeneggsandkam6 ай бұрын

    Steve is one of the best CANSLIM traders! Always authentic, always helpful and love his teaching in some of the IBD meetup! Merry Christmas to both! Grateful also for trader lion for so many great courses! Looking forward to next year!

  • @figgy163
    @figgy1637 ай бұрын

    Excellent interview, very humble with great points. Thanks Steve and Richard, to you both and all at TL team Happy Holidays. 🎅👊

  • @TraderLion

    @TraderLion

    7 ай бұрын

    Happy holidays! Thanks Tony

  • @tedpappas1559
    @tedpappas15597 ай бұрын

    Great interview Richard and Steve 👍 very much appreciated. Merry Christmas to both of you 🎄🎆

  • @TraderLion

    @TraderLion

    7 ай бұрын

    Merry Christmas Ted!

  • @roaddogresearch1
    @roaddogresearch17 ай бұрын

    thanks Richard and Steve. have to have great respect for those who are succeeding in an endeavor where most fall to the wayside.

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Absolutely

  • @santiagonegroni9032
    @santiagonegroni90326 ай бұрын

    What an awesome guy, so humble!! Love his positive energy. I can listen to him talk stocks all day!! Another great interview.

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Our pleasure!

  • @shugyosha
    @shugyosha7 ай бұрын

    Great interview Richard and Steve. The technique to figure out the stop first and calculate your latest possible entry point from that level was eye opening.

  • @TraderLion

    @TraderLion

    7 ай бұрын

    Glad you enjoyed it!

  • @carmendavid9046
    @carmendavid90467 ай бұрын

    Very nice, fun and generous in sharing his methodologies. congratulations and thank you!!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Thanks for watching!

  • @jameshayden8658
    @jameshayden86586 ай бұрын

    Really have a lot of respect for everything Steve shared. I think his most impactful comment to me as a new trader is to figure out what is not working and develop rules to correct it. Easier said than done, and it is not easy, but I am going to work on it this week.

  • @wread1982

    @wread1982

    6 ай бұрын

    Buy SYM and SSNT

  • @mhav
    @mhav6 ай бұрын

    Thank you Richard and Steve for a great session. I learned a ton. Happy new Year

  • @TraderLion

    @TraderLion

    6 ай бұрын

    We're so glad you enjoyed the session and found it helpful! Happy New Year to you too!

  • @mendesnelson
    @mendesnelson6 ай бұрын

    Great interview! Super insightful and transparent and in-depth!!!! 10/10

  • @MikeWilliams-mp4hk
    @MikeWilliams-mp4hk6 ай бұрын

    Richard, fantastic video! I really enjoyed this one. Steve tells it like it really is in trading. I hope you do more interviews with Steve. I have a similar style and philosophy as Steve. I appreciate his honesty and willingness to share his experience. I have learned many tactics that I can put to use in my own trading. Thank you and thank you Steve for a job well done!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad you enjoyed it!

  • @chesleyruff4755
    @chesleyruff47552 ай бұрын

    Stephen, I really enjoyed the interview. You are a natural at this. All the best!😁

  • @TraderLion

    @TraderLion

    2 ай бұрын

    Glad you enjoyed it!

  • @wymandyer6261
    @wymandyer62617 ай бұрын

    Steve really sums up the importance of attitude and bringing a great attitude to the table each day.,,,i really liked how he described the pain during his learning curve but how he loved trading so much he bounced back,,,,,,,,,great video,,,thanks

  • @TraderLion

    @TraderLion

    7 ай бұрын

    Couldn't agree more!

  • @robertowilco7422
    @robertowilco74226 ай бұрын

    Great show thanks Steve for sharing your process Richard does a great job allowing the guest to talk

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Thanks for watching Roberto!

  • @schlepers
    @schlepers7 ай бұрын

    I was similar. Read the book once and started making $$ on so many breaks very quickly. Took me a few years to really understand the book and continue to adjust. 🎉

  • @TraderLion

    @TraderLion

    7 ай бұрын

    Good stuff!

  • @kenmosholder1935
    @kenmosholder19356 ай бұрын

    One of the best interviews you have ever done. Fantastic. First time I’ve known of Steve and i definitely want to learn more from him! Thanks so much!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad you enjoyed it!

  • @ESM77
    @ESM777 ай бұрын

    These interviews are so important man thank you for having these traders on.

  • @TraderLion

    @TraderLion

    7 ай бұрын

    Glad you find them helpful! Steve was great

  • @LeftSideCapital
    @LeftSideCapital7 ай бұрын

    Verrrrry good interview. Now THAT is how to trade right there! Great stuff

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Thanks for watching!

  • @junwatanabeenrolledagent1765
    @junwatanabeenrolledagent17656 ай бұрын

    Great interview Steve!

  • @jefflane4264
    @jefflane42646 ай бұрын

    Hi Richard, can you apply all of the deep view screens (I.e. tight range) against a fixed watch list?. I have a list of 175 names and would like to screen against just those.

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Not yet Jeff but you soon will be able to

  • @mikerobson1786
    @mikerobson17866 ай бұрын

    This is an great interview, interesting journey to full time trading and very informative regarding Steve's approach to individual stocks.

  • @biropeter114
    @biropeter1146 ай бұрын

    Great interview again, thanks for it. One little thing @TraderLion. I think it would be better to see the details in bigger size. E.g. the SPOT trade setup. I have a big monitor but still..... Maybe you could ask the presenter to zoom in when the discussion is about a tiny part of the chart history. Thanks!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Thanks for the feedback, we're always trying to improve the channel!

  • @badass7547
    @badass75475 ай бұрын

    What was the software or website he is using where he has stock chart on the bottom and qqq at the top?

  • @joshuadietrich4085
    @joshuadietrich40856 ай бұрын

    Very generous and humble guest. Great teacher. Thank you.

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Thanks for watching!

  • @wread1982
    @wread19827 ай бұрын

    Damn he is sharp! I enjoyed listening to his knowledge 🙌🏽💪🏽

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Thanks for watching!

  • @stevepower81
    @stevepower816 ай бұрын

    Great job guys, I always enjoy insights from Swetz

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad to hear!

  • @casanova1012
    @casanova10126 ай бұрын

    great guest and great questions

  • @yugeshbhatikar6708
    @yugeshbhatikar67086 ай бұрын

    Thanks for bringing us this interview Richard. I have learned so much from Steve over the years (and a lot more to learn). Steve's enthusiasm and humility and desire to share are things that all traders should aspire towards!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad you enjoyed it!

  • @kaizenborntowin
    @kaizenborntowin7 ай бұрын

    Thank you!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    You bet!

  • @liam-n8098
    @liam-n80985 ай бұрын

    This has got to be one of the best trading channels. Great work and thank you for your contribution to us all 👏🏽 keep up the great work.

  • @TraderLion

    @TraderLion

    5 ай бұрын

    Much appreciated!

  • @tomc1266
    @tomc12666 ай бұрын

    Kudos to Steve ! Great interview , very insightful and inspiring . Steve seem to be truly passionate about trading and sharing his years of experience and failures . In this business it's absolutely true to find your own edge even though all these strategy looks very similar at the first glance . Great job Richard to let him speak freely . 🙏🙌👍 Best wishes for New Year and successful trading in 2024 🤞

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad you enjoyed it! Thank you for watching Tom. Have a very safe and happy new year.

  • @BlakeMello
    @BlakeMello6 ай бұрын

    Awesome video and guest Richard!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad you enjoyed it

  • @MrTsatia
    @MrTsatia7 ай бұрын

    Awsome stuff !

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Thanks!

  • @guitaristmarko
    @guitaristmarko6 ай бұрын

    Steve seems like a genuine guy, pure of heart. I really enjoyed this interview. Thank you Richard and Thank you Steve!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad you enjoyed it!

  • @JB-mw7zt
    @JB-mw7zt6 ай бұрын

    Watching this for a second time. I love this guy & how he talks about his journey ❤ I keep saying- yep I did that. 😅

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Love to hear it! Thanks for watching

  • @joeoliveira4688
    @joeoliveira46886 ай бұрын

    Fantastic guest, as a new trader I learned new technics and re-established technics that I knew but was not applying. thank you.

  • @TraderLion

    @TraderLion

    6 ай бұрын

    🙌🏼 Thanks! We're glad you enjoyed it!

  • @oliviaind
    @oliviaind6 ай бұрын

    Excellent video. Thanks a lot

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad you liked it!

  • @abhibtech1984
    @abhibtech19844 ай бұрын

    genuine and down to earth.

  • @csuggs68
    @csuggs686 ай бұрын

    Does anyone know the trading platform he is using? Thanks

  • @steveswetz9744

    @steveswetz9744

    6 ай бұрын

    TradeStation to trade & Marketsmith for research

  • @landseaandairtransport1471
    @landseaandairtransport14716 ай бұрын

    intro is phenomenal

  • @csebastian3
    @csebastian35 ай бұрын

    Steve is such a relatable guy! Great interview.

  • @TraderLion

    @TraderLion

    5 ай бұрын

    Thanks!

  • @RichardMoglen
    @RichardMoglen6 ай бұрын

    Merry Christmas Everyone!

  • @ovidiumirauta6549
    @ovidiumirauta65496 ай бұрын

    I liked listening to your interview...yes...you talk fast but it is OK...how can I learn more from you? Happy New Year!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    We've got 5 Trading Masterclasses depending on the skill or system that you want to learn! traderlion.com/university/

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Also you can change the KZread setting to play at 0.75 speed so it's easier to listen to!

  • @pragmaticno1630
    @pragmaticno16307 ай бұрын

    Awesome guy!

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Steve is awesome!

  • @ashokhero
    @ashokhero6 ай бұрын

    Great listen

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Thanks for watching!

  • @rahulchahal3824
    @rahulchahal38246 ай бұрын

    Excellent learning lessons from a real trader

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Glad you enjoyed it!

  • @MemnochLDH
    @MemnochLDH6 ай бұрын

    Richard, the first minute snippet is nice but that clicky noise is so loud an annoying. You need to find something more smooth and nice please :))

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Thanks for the feedback, we will take a look

  • @morrisodioko2776
    @morrisodioko27766 ай бұрын

    Does Steve have an educational trading channel?

  • @steveswetz9744

    @steveswetz9744

    6 ай бұрын

    No educational channel but every 2 weeks I speak about 15-20 minutes & answer a few questions at the IBD Pasadena meetup run by Alex Marenco, a former PM for Bill O’Neil.

  • @NZBRG1
    @NZBRG17 ай бұрын

    Steve's weaknesses seem very familiar to me!

  • @iTrade_US30
    @iTrade_US307 ай бұрын

    Glad I trade US30

  • @AlanTrades
    @AlanTrades7 ай бұрын

    How can you not trade tqqq?

  • @steveswetz9744

    @steveswetz9744

    6 ай бұрын

    It is hard to teach an old dog new tricks😊. I may one of these days.

  • @AlanTrades

    @AlanTrades

    6 ай бұрын

    @@steveswetz9744 what do you stick to?

  • @jamesbabiak5455
    @jamesbabiak54556 ай бұрын

    I cannot see his mouse on the charts. Is it just me?

  • @steveswetz9744

    @steveswetz9744

    6 ай бұрын

    I apologize. It is my fault. I used crosshairs on some of the discussion which is tougher to see.

  • @jamesbabiak5455

    @jamesbabiak5455

    6 ай бұрын

    That's okay! was a little concerned for my vision lol. Thanks for the reply@@steveswetz9744

  • @ChupraCumbra
    @ChupraCumbra6 ай бұрын

    Means nothing unless Tax returns are shown.

  • @jeanpaulfelix4095
    @jeanpaulfelix40956 ай бұрын

    I disagree. No one can screw up a winning trade like me. Can you turn a 4000 profit into a loss by doubling down at the absolute top? i think not.

  • @w161616
    @w1616166 ай бұрын

    fab

  • @TraderLion

    @TraderLion

    6 ай бұрын

    Thanks

  • @Trader-4
    @Trader-46 ай бұрын

    You'd think he could afford a better mic.

  • @NoRace
    @NoRace6 ай бұрын

    Dude doesn't use indicators but has 800 scanners 🤔

  • @vincentip9944
    @vincentip99446 ай бұрын

    💯👍🙏