+222% Return in 27 Days - The High Tight Flag Trading Setup | Leif Soreide

rocket base just my way of saying it's from a high tight flag but it's just going to be a big base less than 50% decline so basically a regular base but we're looking for more time so inside days and that's one of the entry techniques low volume inside day will shoot against that on some kind of a turn and that's just you're going to see it over and over again you have to have your preferences because there's nothing worse than breaking your rules and catching a stop everyone's going to get a stop but if you break your rules and get a stop you should be angry and break a keyboard right cuz you messed up you have to be consistent in your actions otherwise you're a random Trad get random results you want to be protective but there's certain times to press it and uh that's when things are working that's when you press it you know when you have that ShakeOut the handle gets upgraded and the turn is addable at highs and then you get this big move and another ShakeOut yesterday news you can even add to it for everybody watching uh Leif went through that fast but you should watch that all again because you know the RS Divergence with price the shakeouts the mini spots the inside days watch that bag carefully look at the chart for yourself mark it up for yourself and try to identify those spots after you know those [Music] turns all right welcome back everybody to the tra line podcast brought to you by the ultimate trading guide as well as deep view uh joining us today is Le Sera uh us investing champion and high tight flag specialist and that's really what we'll be focused on today just throwing a lot of reps at you going through a lot of recent examples and we'll be covering even more on the in the high tight flag Master Class with Leif which we'll talk more about later on in the interview but Leif thanks so much for joining us again uh you know I always learn something new when I talk to you and you know how's everything going and and maybe talk a little bit about highight flags for people who aren't familiar with the concept yeah I mean I'm I'm I'm learning a lot too we're organizing all our high tight flag notes and and maybe making that more into a system which is great so even if you know what you're doing you've been doing it for years is you're going to pick up something that that's very likely so that can help you with your trading and this is all the study and all this I love it you know helps me with my trading we've had a lot of high tight flags and the reason you know you you you were asking how I sort of ended up there uh you trade the slower stuff over time and I'm sort of have a trend following background and then you want to get into high momentum stuff so you can sort of flip in and out and compound your account uh you know faster than trading utilities and dividend growth stocks things like that so and there's nothing faster than high tight flags and we we trade around that power too we'll probably get into some like coz which a u it's from high typ flag power and and some of them go up 700% you're not always going to get a flag that's 25% so we've done a lot of study and work and traded for a lot of years on this stuff and we have um you know a lot of notes that make sense and methods that are sort of repeatable um you know coming from the can slim background uh of course and putting it all to work and we'll try to tie it together and you know everybody wants to follow the winners right the big the big contest winners like myself I trade with Leos on Champion team trading uh Champion team trading.com I think he's going to win he's in the lead best of luck to him he's he's trading he's traded ests and a lot of stuff you know that we're looking at too of course doing his own trading I take no credit it's all him uh but it's nice to have some of these U you know once in a while he'll drop some stuff that we can you know get inspired by or even look at uh but everybody wants to be that winner but it's it's really about being the best loser this is the thing it's like people don't want to they don't want to lose but we've got to recognize if we go into a trade we're probably going to lose so how are you going to lose and sometimes you're right and wrong at the same time we're just trying to limit those losses and um you know use context clues and sort of think beyond the pattern this is my my catchphrase everyone sort of pushed to me say this is your catch trades I'm like okay I guess we we'll use it because we like to kind of layer odds on top of Trades and and instead of just a you know give you a chart that's a cup and handle or something like that why is that going to work versus the other there's we can always find something like that any day of the week so it's a matter of trying to put it all together and saying well in context this is the group this is the you know similar stocks that are working um you know our high tide Flags working and when you know when you have a lot of those working which we're doing right now different themes or you know rocket only is a old thing we used to say in 2020 2021 and we're actually in the middle of a Rocket theme right now which is kind of funny and then we're doing the high tight flag class it's a great idea by you and uh all the timing is great so we have plenty to show that's recent and and I don't like hindsight trading as everybody knows so a lot of the stuff is really fresh trades what what're what we're in right now and we'll show we'll show some of that right now and get into that and uh yeah I mean it's just right now it's been a really good run trading and it's just about how much you can keep in the money uh and kind of getting on margin if you're contest Trader uh heavy and and you know not really having any losers as much as possible Right you roll them out we're doing a lot of that work and trying to see what's going to stick and and push the money in that even gold miners are are doing great it's just inflation coming and stuff so anyway we could could dive into some trades or whatever you like yeah bring up the first example and as you're doing that uh like Leif said I think a key thing that we'll be talk talking about in the class is the nuances and and that's what really sets things apart and Le you mentioned ests that was an example that you used in your presentation during the TL conference back in the summer you know since then you traded exceptionally well it it's up several 100% since then that kind of shows the power of the high tight flag um and we actually have a special offer for people watching this uh if you're interested in the class and want kind of a sneak preview uh send us an email at support trader.com that's support trader.com and we'll send you a quick preview of LEF slides as well as as the high tight flag model book that is part of the class as well so if you're interested at all reach out to us and uh you can go ahead and get a sneak preview at I mentioned so let's Jump Right In Leif you know this has been a rocket ship stock in many senses of the word uh talk us through maybe you know from the start when did you first notice this name when did it get on your radar and then we'll kind of get into how you manage the trade as well you see the screen okay right so okay so we're we're using all these uh red circles are entries and blue is typically sales uh the the first entry as you can see over here if you can see my can you see my cursor too okay right in there and then I actually sold a little in the strength stopped even and re-bought it so it's not as easy as it looks we want to battle we we we're not going to you know necessarily take losses all the time right I mean sure I could have given it 5% or something like that and use a 210 may but we're just we we're going to be aggressive with these uh the story is there I mean we get into all the details about why a high tight flag is good and we even go into studies you know in the class that we're very flawed okay I believe you can get your trading with high tight Flags in line with your regular swing trading if you put all what we're going to show to work so that's why the class is going to be key to somebody uh trading a high tight flag uh you know spec bios I've kind of moved on a lot from those as people know on the platform just because the random data comes out we we can do we can do fine with other stuff it's like China stocks we don't trade them you know just just for preference uh you know promise of the revenue through the Cayman things like that and you can't no claim on the assets things like that but you know there there's other stuff that's more liquid and better to trade in my view so anyway get sidetracked there but we're getting in here we're looking for ad spots and we're trying to size up along the way sometimes taking scales and you know add spots and we're looking for ad spots you know as it sort of turns up and uh really selling it all you know into strength up there and then on the way down we're we're trying to get back in but we're really having some trouble because it never it never turns it's just making a bigger base so it's a matter of you know getting in here and here selling some of the strength stopping even doing the same you know over here getting in selling some of the strength and could have stopped even there as well and once again trying to play it off the 50 and the 50 is a very important area for high tight flags as we're going to look at examples going back to axon which is uh there was two on top of each other maybe three depending on how you want to argue it that's going to be a good example um 2003 or so I think and uh this you know this one turned up but rolling back to 50 you know you're out again so um and then we have methods where some of my members know a few techniques we use on these that gotten even lower so they're in there from you know this uh they're in there from 1016 uh so you know I I think it just needs that more sideways drift and we'll take a little look at it there but this just working on a new base there's no real right side yet that's what we like to see go ahead yeah so looking at your entries it seems like you're really focused on either entering right kind of from a very tight area within within a flag kind of getting in earlier than kind of that the high you know the high that it's it's put in or you're looking after kind of an upside reversal bar within a flag within a consolidation so kind of talk me through the rationale behind that and and kind of what what you're looking for to identify th those Prime entries well if you if you're you know cup and handle study that um vcp from interven is the same kind of idea just just kind of tightening throughout the the base and we're looking for some kind of a turn using inside days uh volume we like kind of volume drop we like to read and we don't ever know for sure but if volume dries up we get a look and say hey maybe the sellers are kind of you know slowing down or they're done with it and the buyus can take control over certain points uh so that's what we're that's what we're playing and trying to get size obviously you have to get as big as possible uh to to Really juice your account and get those contest returns and really not have a a you know so many positions you have to get as much as you can in a big winner something like this this this will change your account if you're getting 25% or something like that that in this um you know and selling it into strength but even on the way down it's all basically all for not just kind of uh trying to get back in something so strong and I tended do that something that really worked out for me I'll I'll tend to be aggressive with it uh if these were all new entries I wouldn't have done that but you know the amount that we made on it was really good so it's like you can play with a few percent here and there at different points and they almost all went right in the money and and gave us a chance to get out so that's what being a great loser is all about okay so if I was a sore loser and uh you know always want to be right and say well I was right before I'm still going to be right you got to change your attitude it's like uh the guys or girls with the the bad relationship you know if you're you got to be able to cut that off fast right I mean you don't you don't you want to be a winner you don't want to be a loser and uh so we're trying to stay in the the winning column here you know that's that's what it's all about um so so being the best loser and say that I was wrong and taking it off and moving on to the next one uh until this works and well this will probably work on the right side if the idea is there and this I get some of these ideas from my members who you know somebody on their boat in Hawaii talking on their sat phone says I'd rather have the 5G from space you know aridium sucks uh what they were saying and uh bad bad data out there right you can't you can't watch this podcast on on your yacht so you know five miles out you're going to need 5G from space and maybe Tesla can do it all that so we do we do think a little bit beyond the fact that it's a high tight flag right and uh you know it's one also one of these Wall Street bet stocks that are you know up there now so once it's all very known it gets a little wild as you see on the right side it was a little more unknown when we first started trading it and there's certain dollar levels we're going to get into that we that we actually prefer that I find work the best and um you know different grades to give to your high tight Flags is what's going to really uh help you sort of think beyond the pattern and put your money in the right stuff um yeah so and yeah go ahead yeah I got two questions uh on on this chart so right now you know it was a high tight flag back in uh you know the summer area of last year now you kind of classify it more as a rocket base right because it's it's declined uh that's right you know about about 50% from Highs but like you said it's still got that high type flag power the momentum that you're looking for um maybe talk a little bit about the rocket base you know how you came up with that and and kind of how how people can use that to trade well obviously O'Neal came with a high tight flag and and rocket base just my way of saying it's from a high tight flag but it's just going to be a big base less than 50% decline so basically a regular base but we're looking for more time when you when you decline more than 25% uh you want to see for rocket base we're looking for like six to 10 weeks you know it can be a little wiggle room you don't want to um always be so perfect I mean it depends on how it looks but that's that's sort of the target uh so and you don't want to I mean these can continue on they'll just you know this will make a new base and then go on to the next area this could go to $60 or something like that so along the way I'm looking to to find that spot I'm comfortable with that gives me a good risk reward uh get on there again and write it up I mean it's like we're going to go over Celsius uh energy drink from the original entry I did there I think in it was in 2019 it went 900% but I you know I'm trying to trade it along the way and I'm I'm never going to capture all of it but it's you know you capture that quick 100% move sort of like this that's count changing and um is so fast and then you have good gains to spend on all kinds of other opportunities and we're looking at you know rocket lab and all this other stuff right now and a lot a lot of it's working you know and maybe I wouldn't be so loose with it if I if I didn't get this one so you really need to have you really do need to be a winner to to get more winners in a way so you finally catch your winner protecting yourself though I mean I stopped out and went back in I mean I wasn't sure it was going to work right so it's all about all about the protection and that that's going to be probably the most important thing to learn when you're trying these uh explosive trades and you know we even have low tight flag I don't know that I have an example here but it doesn't quite make it so we're just looking for bases from strong sort of high tight flag like moves and uh one of the more interesting things you're going to see is and I just have so many examples of what's not a high tight flag because everyone ask me what's a high tied flag right uh I don't know if you want me to do one but I get a lot of uh yeah I'll do it right now du so this is high tide flag power here is sort of the range is a high tight flag right but I don't consider this a high tight flag because from from like this level the rise I think's like 40% so it's really it just needs a new base it needs a pullback on top of support so really not for me and my members knew I'm looking for some kind of a ShakeOut and they reminded me we sort of got it today so after that I'm more interested but at the same time I'm still looking for kind of a little more of this right so right of course anything could happen this could just work but you have to have your preferences because there's nothing worse than uh breaking your rules and catching a stop everyone's going to get a stop okay but if you break your rules and get a stop that's when you should you should be angry and break a keyboard right because you messed up like you have to be consistent in your actions otherwise you're a random Trader you get random results so yeah go going back to ASCS I had one more question on this this one um your last buy before uh right after earnings the your your buy through that little tight area no actually to the left more uh right after earnings plus 19% there was a tight area right before earnings that I think you marked as a buy but I couldn't sure this one yeah was that is that kind of an earnings pivot what you're looking for that's right so yeah I think I need to include the earnings pivot and high tight flag anything on earnings Tak taken out a some kind of a level you you you sort of want to have a preference for because you know earnings are meaningful a lot of the patterns are uh you know tight area into earnings what why do you think it's a tight area they're waiting for confirmation a lot of times right so everybody gets all excited about a tight area and they trade them right into earnings day or two before you know why you going to do that you're going to get two risk multiples right before earnings no I'd rather wait for earnings buy point and then buy it after earnings where there's a lot of that confirmation especially if you see some guidance rise things like that so yeah and uh like it it by no means has high Tai flag power right now but just name that's tightening into earnings right beforehand waiting for confirmation as an example of that we've got Tesla if you bring up that chart it's been tightening the the past week or so just kind of waiting obviously this is a after a gap down completely different situation but it's wait you know earnings are tomorrow anything can happen I mean I think it's more of an earnings pivot to the short side this the downside so yeah right so that you could do either way but you know this is just a you know sideways base not trending it got the ants on the screen there but uh you know this this isn't for me I know a lot of people are interested in it but I'm more interested over this kind of 271 area and I want to see the moving averages start to Trend and uh anyway we don't want to look at this one too much yeah let's bring up um Kors I think is one of the key ones you want to talk so they they had some kind of news today about you know power getting some more power or something like that for their for their business but um you know something we look at here this is the high tight flag that fails right you get this big decline here but but um you're within the rocket base range now so we want to get involved with something this strong and now we're you know in the better dollar range you know $10 plus I'm not trading anything below $5 do I'll tell you they'll start there so don't don't show me a don't add me on don't don't slide on my DMs under five you don't want a micro cap Le that can uh no I don't drop 80% the next day yeah no because I like to put real money to work and it's you know having a big position in this is a very uncomfortable but there there's a lot of things about it that you know I could go over and it's like it sort of has this head and shoulders Spirit of one anyway right you see these kind of marks there left shoulder head right shoulder shakeouts I love that and shakeouts sort of at Market lows I discount right so you you get this kind of Market ShakeOut and the low so that's at the market low and it snaps right back can sort of discount that so you know it's tighter than it looks if you take that away and as it starts it it doesn't break here after this right shoulder you're not getting that confirmation so right um and then we're coming up off lows and the market pulled back and this didn't break uh so that's where I'm using a sort of almost an inside day and a turn there after it shook and T took off there I think so uh we like shakeouts and and something we really have a lot of examples on we're working on this on the platform is these ShakeOut lows in the um so you have this kind of you know you have your cup and your your sort of handle base there m and U there's add spots so I'm I'm noting you can add these different areas I added along the way here also but after taking some scales in here uh personally you know there's a lot of ways to do it uh but you know when you have that ShakeOut the handle gets upgraded and the turn is addable at highs and then um you know you get this big move and another ShakeOut yesterday news and then you're you can even add to it and I'm looking for 15 or 16 and I was saying this when we bought it and then we're seeing price targets of like 16 and stuff so I think that's um you know probably a good Target good enough for me so we'll see we'll see how far I can go and uh look for violations and raise stops once we get there and take some profits hopefully so yeah for everybody watching uh Leif went through that fast but you should watch that all again because he pointed out the no no no it's good because you covered a lot in in just a few seconds but you know the RS Divergence with price the shakeouts the the mini spots the the inside days watch that bag carefully look at look at the chart for yourself mark it up for yourself uh and try to identify those spots after you know those turns because those type of alternate entries that you talked about here and you're going to be expanding on in the class that can help you trade even if you don't trade High Tai Flags it's it can help you uh you know manage rist tighter like Le said become the better loser and just you know help you find those lowrisk buy points so yeah definitely recommend uh watching that back um anything more on course here I know you had rkb as one that you you've been trading recently as well uh rkb this is something we're going to show it's a it looks pretty scary from our entry right in there but it's uh and right really tight inside day right there yeah you're gonna see that's that's a pretty standard early entry for me in a high tight flag once we get past a certain point this spot here too is something we went over and I didn't listen to myself sometimes I should subscribe to myself better right this was pointed out some people got that I missed this spot kind of pulled back on top some kind of lower dollar but the theme was starting to heat up Aerospace defense is good and you know launching things into space um you know definitely can be a meme stock but once you get you know the $10 levels a little more preferred for me um you know you can shoot against these lows um you know you're you're kind of wrong as you start to roll down so you know you pop back up there you're you're right in the money and you know kind of break in this High there is pretty decent little TI tight flag and looks like it's working its way higher and how far it goes I don't know but at this point I'm going to try not to lose on it pending some kind of uh you know pre-market Gap lower or something like that but hopefully gaps to the upside you know we'll yeah try to catch something like that once in a while so and for your entries Leif um is there a percentage to your to your stop that you're looking for are you trying to keep it within 5% what typically like 5% you know you can shoot against some prior inside day low and stagger it uh you know so yeah you you don't want to go huge I mean you want to be wrong and a lot of times you're going to have to try this several times you know High tight flag if the you know you want to start scaling really at like three R so sort of gives you that leeway and they're sort of getting a bunch of them right anyway right now so you have uh that chance to to keep the size and the ones that are moving and this actually pretty good percentage you get from 950 up to over 11 right away doesn't look like a huge move but you know if you have enough size it's pretty pretty good move there uh but we're looking at other ones you know some of them aren't going to be easy I don't want to say hey come on and check check this out I mean this is what I was saying that you know Leos and I both both thought this was a good spot there's news and basically top tick the the third scale there right and then third back off even and U they just sort of rolling down so I'm pretty tiny but just like you know a tick lower this thing's out for me but I think this it does have a chance to turn up I mean I I think it was positive news I just think too many Traders got a hold of it or something making it look crazy so um and that's the other that's the other game within the game you have to you have to sort of understand maybe what's going on with your stock uh so you know it's and but this stock doesn't owe me anything you know it sets up this kind of cup and handle off the 50 the first touch of the 50 is typically viable per O'Neal and you get some kind of a tight area and the longer the handle is the more time I want on it and we'll we'll turn up and buy the daily turn uh and and try to keep it profitable but this this stock doesn't owe me anything if it wants to go I'm there for the ride you hold for a couple days and it blows up so what you know there's there's other ones uh and there's a lot of them and that's part of the scanning and you know deep view has a my scanner on there right I guess my name's on a scanner uh we looked at that that that gives some pretty good results so check that out uh and I got I got a followup question for this one so Lumen that day where we had the big gap up what's kind of your mindset when that happens and uh you mentioned you know scaling out uh you know when did you when did you actually take your scales to make sure of course you're you're locking in profit and I mean that that what that Gap was 20 30% it was pretty insane yeah I got 20% move there right away uh with the news or you know the The Meta news I guess and you know you get these kind of gaps and you take out this High a lot of people want to buy highs I'm probably going to sell some there so because I'm getting as early as possible and these Highs are always sloppy and we're I'm usually trying to get in earlier in a high tight flag but that southern notes were going to show for different distances and the flag and all that where you're going to you know be a little more likely to take a high buy than an early entry right and sorry I'm GNA make you bring up rkb again because I want I want to hear your your thoughts on um kind of the volume around your buy points or or the potential buy points both near the six level first and then the the one you recently took uh cuz I think I think it was one of in one of our first podcasts where you talk through the volume and the tight areas and I think it's it's just a great great thing to look out for for new Traders out there oh what we call this is uh we just call it dead volume you could also call it sort of a reverse pocket pivot if it gets there I think we had one over here where it's sort of like the lowest volume in 10 days uh so inside days and that's going to be that's one of the entry techniques low volume inside day will shoot against that on on some kind of a turn and that's just you're going to see it over and over again that's what I'm saying this looks like a scary scary entry but you know it's like if you handled enough Dynamite you know you're going to you just see it that's that's where it's at they print it inside quiet this bar right here basically no volume right that's the inside bar uh taking out that high that's that's where we're getting in there's some light check back but you got to give it a little wiggle room at least to this if you want to be super aggressive I mean sort of stopping you know prior prior inside day low is is one way to do it but um you know it just kind of goes and then that's where you're that's where you're making your profits maybe Loom and maybe I would have messed that up had I waited till the end of the day you know we got you know I'd say some of it's luck we also look at risk multiples you know say how do I know when to sell you know 20% you get four risk multiples betting 5% right so you're you're taking some uh off into that so uh and then you know you can always look to put it back as we sort of did withs as you get these little spots along the way that look good um you can always size back up they'll usually give you a little spot it's sort of like gev I mean this is yeah this might be my my biggest trade of the Year actually you know dollar-wise because I got these two buys here after this little ShakeOut here basically beautiful ShakeOut right there perf IPO cup and handle ShakeOut now we're wrong below that that ShakeOut low and the ShakeOut low ran everybody out so that's where I'm coming to you know bad cleanup and uh noted these two buy spots and along the way you have these flags and just trading just just flawlessly and just just add you can add along the way too uh but but you know I prefer to get huge right there at the right spot you know and then you're you're selling some in strength and then we go into earnings and obviously taken it down into earnings uh some but I still want you know and it could be a little bit like ibkr I mean I just this is a trade we closed out up 20% and you get these big expectations movees huge so we Clos it out into this and it's just you know it can go wild I mean it's like this is a huge move and you I sold early and then you know kind of shakes out crazy uh just something else I mean is like STX getting in here one of the things I I like to use too I think is great is you see these earnings Pops in the market correction MH they tend to get sucked back down with the market then you want to sort of attack that the next time it sets up as we did here and I think this is a Dr and Miller name too so I want to get a little bit on there but it took it down to 25% size into this you know up 9% because we we messed up or I messed up ENT uh buying it here and stopping out right at the open today which was a good stop uh is it you know under under 1% loss but when you see that that's when you size down to you know similar name in the group for data storage STX is a similar name so I don't know what's going on with the other one but if it can't hold I'm a little more likely to take this one down and we'll you know get the random wheel spin uh but you know in the money we'll see so nothing great there yet yeah this one that tight area is right near all the moving averages is that kind of what you're looking for to to enter up the right hand side of the base right so you you print that inside day and then you you're starting to turn off and you can use this kind of a little pivot there right off the 50 so that looked that looked pretty good coming up off the market lows and we did we did a lot of work recently we looked at a lot of these like now so when you get this kind of pullback in the market from the earnings pop it sends the sucket back down right then you want to buy some kind of a turn this is a little aggressive not not the best textbook spot but we're looking to raise exposure as we started to climb and uh then we're holding you know smaller size into this earnings uh you know up double digits something there so and it's just this is repeated over and over again just off the top of my head if you want to go over some of these good Market pullback Q2 is one buying this turn and uh just just nice Trend just trending perfect the whole way so uh you know you get this clue that it wants to go based on the earnings reaction and the market pulls it in that's I'm looking for the next spot that kind of works so they can everybody can add that to a little tool tool belt toolbox I think that's something we've done a lot of work on that just a couple examples of the you know the work we've been doing there so um yeah that's something I think is worth worth flushing out yeah and after your entries um I guess what do you think if if you had the the hard numbers that'd be great but uh from your view how look how long are you looking to hold a name are you looking to just kind of hold through that first earnings uh cycle are you holding a few weeks does it depend on the name because these are a little bit slower moving than of course ANS or well this one also has some pretty good ad spots along the way so if it's trading great if it's trading great you know you're having uh you're adding to it even if you and trying to hold it longer if it starts acting up uh doesn't perform great on earnings like STX I'm give it a little room you know it's drun and Miller name I give a little in the money even though you know after little pullback after hours we'll see if it does anything uh but you know it's it's all how it's acting looking for violations of course and trying to get in the stronger stuff if if I see another high tight flag setting up I'll need to pull some off you know of these other names so uh and I don't really want to be a mutual fund but you're gonna you're going to hold some uh you're going to hold some just trending I mean that's that's that's easy thing to do you know these stocks are going to work for you trending that pulling the 50-day this one holds it great so maybe this goes to 100 you know one LI or more until it uh gets some issues we'll see and I think you wanted to go over flr as well I think right well yeah and that's the importance of staying on theme I mean we went over gev it was a little early on the nuclear theme you know I miss like SMR and some of these crazy ones there was a you know we could have probably done something with it here but it's just really not our style right so you're not g to you're going to get chopped up and a lot of that so uh but that's the theme but yeah flr so sort of have to go into some places no one's looking right so I think someone's got to build these plants and I think flr is one of them so I think I'm on theme and this is sort of a little bounce and roll setting up and then it got negated there so we're looking for that pivot to break and we're getting in over here and see how far we can ride it and the group looks pretty good um we'll see about gev earnings we'll see if they we'll see if this continues to Trend or not I mean this could be your next high tight flag but the the theme is a little bit out there so we'll see you know what the market thinks about what they report and how far way those earnings are etc etc so you definitely want to be on theme and think beyond the pattern and buy the patterns within the right themes otherwise you're you know G to be just getting that random random wheel spin you know yeah it's funny two years ago if if you told me we'd be trading nuclear power plant themes I wouldn't have believed you but you know that that's well here's here's the thing and I was telling I was telling our members this I was you know nuclear is something that everybody thought was dirty or something until everybody needs nuclear you got Zuckerberg he needs it Microsoft Oracle they all need this stuff all of a sudden it's super clean okay well that's going to be obvious so that's you know that was why it was a great theme because everybody's going to switch to that so and how much are you looking at the the earnings and sales and and the estimates as well um uh yeah we I mean we we do note them and we'll see you know we want to see a growing company you got something setting up that uh is falling apart on the numbers it's there's something else going on there usually or it's mispriced so we we do want to see fundamentals uh in a lot of potential I think the the the future is the most important like ests of course is not making any money but if they bring 5G you know right across the globe you know you can be on your your boat and stuff watching this this podcast uh that's you know worth something and maybe worth 60 bucks I mean we're talking about what's the market cap on this thing it's seven billion so you some heavy share count out there and stuff but uh we'll see I mean they launch satellites you know news can drive it upgrades and stuff and you know upgrades in a high tight flag at the buy point is what you want to see and that's what you want to hit to raise your odds I mean there's a lot of stuff to look at um I'm going add that on the slide deck I got a couple notes to do we're almost there that the high tight flag class is it's going to be good so yeah you you've been adding so many examples like I can't even I think too many I don't know I don't know everybody's going to it's very exciting to see a high tight flag for me I don't know you know so maybe we should make make it 18 plus I mean this is going to be very exciting no I I I think it'll be good because uh it helps train your eyes even just going through these here with you I I'm sure everybody watching you're starting to notice the similarities in LEF byy points you know how he likes to buy from tight areas volume declining after a big burst in power like throwing throwing a lot of uh you know Stan wi called you know hitting a lot of tennis balls at you uh that's what we'll be doing here and and of course in the class as well even even to a greater extent with a model book as well so no I I think it's great and it's kind of the way that you learn to spot them for yourself and that's of course the ultimate goal um one followup here you mentioned how important the kind of 50-day is for tracking these high Tite flags and the rocket bases could you maybe kind of talk a little bit about how you use that and uh how to you use that to kind of you know judge if a a Stock's still in Trend well we have maybe the best TI tip flag of all time example really riding that 50 for you know multiple hundreds of percent we're going to show that and the 50 is really where the big money comes in to pick these up that's why I was even willing to try ests on the 50 but I'm not always going to be right so big Pop I get a risk multiple and I roll to 50 I'm out so uh you know this this was actually a pretty good sequence on the right side here excuse me this run running up the right side getting getting wrong all the time trying to get back in but being able to protect myself every time or even having a profit scale here and there I think we we took some up there up there uh didn't take any here and just you know I said okay this is where you can roll out right so there you go I mean it's just a matter of trying to see you know if if this was the big move back right and you're back to 60 that's possible too but you were a little extended from the 50 so this why over there I'm starting to peel that off right so uh there was an alert we said I said sell any add-ons and stuff you know into this day and I'm early I'm a couple days early uh you know so you sort of maybe want to play some you know break of a prior low start to roll over there just kind of wedged up and that's one way to do it too make sure you're you're getting out there and booking some gains because you know it's aot a lot of them are going to roll all the way back so that's why you want to Target those 100% areas and a lot of the flag is caused by those kind of round numbers the whole Livermore idea you get 100% somebody fooling around with down at here and they're up you know they're up a certain percent around $10 nice round number they're going to start deposit maybe take some off um and you have to think about the psychology behind the flag and what's causing it where the buyers are going to come in and when you get too far extended off the 50 they're they're probably going to sell it you're going to need a new base uh but you know anything's possible so it's always good to kind of hold a little something for uh you know like a trailing stop you know if this if this low if this didn't break here I'll clean this up if this didn't pull back in here and this just continued up that'd be all right you just kind of ride it but I think there's ways to you know sort of play the prior lows once you get once you get comfortable with okay I'm up over 100% uh I got to be really protective or or just sell it I mean if you could top tick that great good for you I mean I'm never going to get the exact top right uh maybe maybe one time I've done that ever so uh but you know sometimes Ln that was not a bad little scale but you know then you get crashed back down like I said these don't owe you anything they don't know you're there so can't take it personally you got to be a good loser and and how much do you like to hold for a bigger move because it seems like you're pretty aggressively scaling out are you are you holding kind of 25% of your original position for well you want to do your add-ons I mean you'll take some scales but I mean on once you're getting up here you know you should be after earnings you know you should be up to 50% then up into up into that you should be really winding it down to trailing size 25% or less and um you know trying to get as big of a position as you can and and somebody asked what's my what am I struggling with the most I mean for me it's just getting like full all my money Max margin you know that's that's hard because you can wake up you know if if you're Millions on margin you're going to get killed on a bad day if there's some war or something uh so you want to be protective but there's certain times to press it and uh that's you know when when things are working that's when you press it so that's your your personal signal you know maybe you're messing up all over the place this year I mean this is a I don't really see how that's too possible but you know it's possible you can pick the wrong ones and and you your personal signal needs to be adjusted uh it isn't the most robust breath to you know setups and all that and we are losing a couple this week so uh but I think that's going to snap back in the year end so yeah and then another question somebody asked was um you know how much do you care about the General market and what it's doing when you're trading these or these kind of um do these kind of you know trade on their own Merit and and you know ignore to a certain extent what the what the market and maybe other grow stocks are doing yeah they do they do trade in their own Universe I think a lot of times and you know they can decouple from the group maybe at the expense of the group so we have all these notes uh that you're going to see in the class and uh it's it's really you know Thinking Beyond the pattern to get your size like something like this some some some new technology a cell go back to 2019 a Celsius energy drink um and you pick this up from other people you see oh it's number one drink on Amazon well there you go I mean you have you have something going on there at the at a buy Point U that's when you have to go for it so and as rare as they seem you know I there's several that are you know still forming and some of them are lower quality you know that's the thing I mean I'm looking at what the one I'm looking at wgs you know this is starting one C mm is one just kind of like some some ones that are forming up and you know it's really important to look back to the left too to see where these things are coming from you know we we have all these notes about what you know what this means and you know if there's a if it's a turnaround or not and you know sort of like carvana from the different dormant States and such you know and it sort of turning around you know we'll get into that can't even find the uh the price bars down here that's how smoked this one was and and it starts running up the right side and this you know the sales you know everything everything kind of turned around for it apparently didn't go bankrupt right so um you know that's that's the thinking you kind of have to understand what you're getting into some of this stuff just sort of snaps back to Old levels and they're not great High tight Flags you know yeah it it's cbna is it's funny how destroyed it was and then it became just the best trading stock you could hope for um yeah and we got into it and this this was uh a little bit of a disappointment for us here because we saw this big jump right right and that's the earnings pop that I was saying in this sequence this is all we were doing we were hitting all these so we're we're adding to it here and selling some the strength but getting rolled out I mean I can't hold it down there right if you you want to roll it all the way back you can take a look at the you know where it was something like I don't know where where it is you know just just not able to hold something below the 50 is is really the biggest problem of being a very risk first kind of Trader like I can't hold it down there right I mean it's sort of like you get your profit scale and then you're out and breaking the 50 um you know that's I can't hold it if that held in turned up which is what we thought it was going to do instead it just kind of ran some stops so that's that's part of the the game I mean I'm not going to get them all right but we're going to we're going to find things that that make sense like that you know and this is one thing I wanted to ask you so say you enter at a nice tight entry you know it works in your favor how how quickly and how do you judge when to adjust your stop to break even to make sure you know you're limiting your loss if it does roll over um and when are you kind of taking your first scale and do those kind of happen at the same time as well yeah we're looking for risk multiples obviously you know usually one risk multiple is when either you can take a scale depending on your signal if things are very difficult I might take a scale as early as that or even on you know Green signal you can take a smaller scale 10% you're not losing your size you're not losing your position in a big winner but uh you're able to hold it easier right so going back to Ln I mean I I talked to Leo she's uh leading the contest even on this day he sold you know like 5% a little bit up 5% right I didn't sell any that day was my thing was right up there and U I think he also sold up there but he didn't turn it into a loser and uh that's that's the key is being a great loser say we were wrong but we're not going to make make you know die on this hill here holding it you know down to$ four doll but you know it gets good news I mean it's possible this tightens up in turns I just think too many people chased it if you're going to buy these highs and get sold to that creates that kind of pile driver action so um just just holding it just a touchdown there see if it holds in the morning and uh sometimes we'll just hold on to a little piece and see if we can maybe tighten up inside and add to it right it kind of turns up like that right this is all mistake and the News was good has a shake out under the 50 yeah yeah a little shake out and then some kind of a turn we'll look look to get back in you know I like uh batting cleanup sometimes this is a a little wild but we prefer you know kind of shake out to the downside then tighten up very quickly um you know the market lows so those shakeouts were look for those are the easiest to read right you go in hindsight and say well that was the market low of course you know it shook out there you know you have to grade your shake out can't just say it shook out what was it it's the market low everybody Panic sold everything and then it tightened up right away go back to coz right so this is the market low and tightened up right away basically you did a little mini right shoulder but you couldn't break it and then higher low in the market coming off of that I'm going to try it so just a couple things to tie it all together I guess so hopefully that makes sense no it does for sure and and like you said uh it's been cool kind of bringing everything together as you as you've been planning out the the two webinars we'll be doing which uh for everybody who's kind of looking for more information you can visit trer line.com University uh Leif will be presenting on both November 2nd as well as the 9th 11:00 a.m. eastern uh the link should be popping up right now is also located down below in the description to register highly recommend it uh it's going to be you know a really great uh time learning LEF methods and uh you know we're not just covering the entries we'll also be covering a lot of position management which is kind of the the key part of this right everybody wants to get the perfect entry but it's how you manage the winners manage the losers that's really going to losers I gotta show a another loser though Loco so this one looked great bouncing off the 50 get your second touch and then and then rolling the 50 uh just a little over 13 and change we out there and you know we're trying the restaurant but you know Caba looks good getting in there sort of doing the same trade just this one's a leader the other one's not doing anything so right we're going to we're going to lose a little on that you know obviously better entry down there but you know out before this so we're we're not getting them all right but we're we're seeing how much money we can keep in the money when things are working when they're working like they are now that's you want to be bigger at least if you're if you can do it so that's the name of the game and and Le anything that you kind of want to bring you know wrap everything up up with today any kind of words of wisdom and maybe advice for people who are thinking about doing the class what you hope to kind of pass on to them uh in those two webinars yeah I mean we're going to think beyond the pattern okay everybody's coming for the pattern but my whole catchphrase is think Beyond it so what we're going to do is say okay now you have the tools uh but we're GNA constantly improve the odds okay this this is my main thing um I've seen too much pattern buying and not enough thinking so it's like when you finally put it all together as we're going to do in this class you're going to think a little more beyond the pattern but you're going to understand the pattern 100% hopefully at least the way I do it so some people may argue but hey you want to see how I do it this is how I do it you know there's only two pages in O'Neal's book behind you uh on the high tight flag or maybe maybe three pages of weekly examples with very little information so uh you know but I've been trading them for a while and uh I think learning how to trade them is is uh help your going to help your p&l if you at least so you know you know how to manage them effectively that that's the most important thing risk first so yeah always good to learn from a specialist and and that's what you are for high Tai flag so uh perfect Le this has been great uh again everybody really recommend going back through the charts that we shared today analyzing them for yourself look at the part of the the points where Leif is buying where he's looking to sell to strength all of that you'll learn a lot through that exercise and if you want even more practice again if you want a sneak preview of Le slides as well as the model book which gives you even more examples shoot us an email at support trine.edu uh interviewee with uh after Jim roel and Jim's I just watched Jim and you and he's got me all fired up I'm throwing the money at the screen buying stocks when I see when I see that that's how it gets for sure all right everybody thanks so much for tuning in again and uh we'll see you guys in future videos take care all right thanks Richard [Music]