📘 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.
Great interview and fantastic insights. Plenty to consider for me personally as I have adopted a similar approach in the past and coincidentally created some of the same analyses. Andrew though has taken it to a different level. Well done.
Hey it was one of the best interviews, had a question though, you won in enhanced growth division, but didn't talk anything about futures and options, how do you use them?
1:55 Competitive background; economics/finance double major 14:00 The bigger your capital, the more you have to pay attention to fundamentals 16:55 Parallels between trading and sports 21:00 Putting in 1000 of hours of learning to get a few hours of gems 32:20 *2023 trading stats; be a sniper* 58:10 35:00 WAL (waterfall trade) 44:30 Position sizing; up to 25% of account 50:50 *Bitcoin setup in 2023* 55:00 MSTR 1:03:00 Cash % of a company's market cap 1:14:00 Correlation to currencies 1:20:08 Missing NVDA 1:22:00 *Play your own game*
Excellent personal story , hearing lots of things that happened to surely many of us during the journey of learning trading. Thank you both for the valuable content.
Hands down the best interview on this channel. Loved the mix of technicals and fundamentals and really like Andrew's approach and how he views the markets! Plenty of new concepts to explore and even some new excel models to make haha. Great video!
Richard is best host and interviewer on RUclips. He is cordial, respectful, asks relevant questions and allows the guests to answer questions and describe their career and investment methods.
How much do you live off of? Is that based on your profits or a set amount each quarter or yr? Do you have a certain amt in a taxable account and a certain amt in a retirement acct? Do you make quarterly tax payments based on profits early on?
@@realpristinecap thank you sir, I wish you luck as you continue yours as well! I look forward to seeing you again in any interviews or videos soon! Thanks!
Great Interview as always. I really like Andrews approach. I have seen this value zone come up a few times recently.... time for me to do some more research!
1:01:57,......he was predicting, "Thought,........" watch price, have a set up that becomes mechanical....This was a strong statement, how Kobe, Jordan became great, while people are out shopping, playing around with telephones in the gym.....21:00 Putting in 1000 of hours of learning to get a few hours of gems
I study the mindset of great athletes like Kobe and Jordan just as much as I study the minds of great traders. So many parallels! Appreciate the kind words TBrad!
Fantastic interview! Thank you both. Lots of key takeaways and love the catalyst approach to trend reversals. Also really identified with the correlations btw sports and trading.
This was a great tutorial and analysis of expectations. I learned a lot from Andrew's explanation of things I don't normally look at. I also loved his comparison to sports, as when I started my trading education a year ago, almost all recognized mentors refer to psychology and trading mindset. The point for me is I applied almost everything I learned in trading education to tennis and general decision making, as the rules are the same for all. Thanks Andrew for your insight.
A value area shows where 68% of trading volume in any given time period occurred. The monthly value area looks back at the prior month to see where 68% of the trades for that month took place 👍
Hi Andrew. Thanks for sharing your insights . Is the Markets in Profile indicator available in Trading View? If so, what is the name of it? Also, would you recommend the book by Dalton, Dalton, Jones?
Wow. That's great. Its a different perspective on the markets. I also watch the DXY, U.S. Dollar Index and I have an indicator for comparing it to stocks.
Thanks @realpristinecap and @TraderLion . One question: How to enable that indicator in Tradingview for monthly range that you shown there in WAL stock ?
📘 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.
Thanks so much for having me on!
Pretty precise, I like the comparison of the sports and trading......good perspective.
Our pleasure!
so you've been fired from vanguard because of doing personal trades? that's cruel
Great interview and fantastic insights. Plenty to consider for me personally as I have adopted a similar approach in the past and coincidentally created some of the same analyses. Andrew though has taken it to a different level. Well done.
Hey it was one of the best interviews, had a question though, you won in enhanced growth division, but didn't talk anything about futures and options, how do you use them?
Thanks Richard for the educational videos
no problem Rahul!
Follow Andrew O'Connell on Twitter/X: twitter.com/realpristinecap
Get his daily market insights: pristinecapital.substack.com
🕰 Timestamps 🕰
00:00 - Andrew O’Connell, 103.5% Return 2023 Us Investing Championship
01:38 - Andrew’s Background
11:49 - How to Build Trading Skillset
14:32 - Andrew’s Strategy For Defining Entries
16:23 - How Sports is integrated With Trading
19:15 - Best Trading Resources
22:43 - Mistakes During His Transition To Full-Time Trader
27:14 - Crafting Your System/Style
31:17 - 2023 Trading Review
33:18 - Western Alliance Bancorp Stock
39:03 - Managing Risks
40:55 - Andrew’s Profit Target For Western Alliance
44:21 - Position Sizing
48:15 - Filtering Out Noise!
50:23 - Key Themes Over The Years
50:23 - Bitcoin/Tether US
54:14 - MicroStrategy
57:55 - Andrew’s Average Win Rate
59:45 - Losing Trade Review - CHWY
01:01:30 - PayPal Research & Trade Approach
01:07:17 - Market Analysis In Andrew’s Process
01:12:16 - Style Factors
01:13:38 - Foreign Currencies
01:16:49 - Understanding Bonds & Interest Rates
01:19:56 - AI & Semi-Conductors Theme
01:21:52 - Key Takeaways From 2023
01:23:43 - General Advice For Traders
1:55 Competitive background; economics/finance double major
14:00 The bigger your capital, the more you have to pay attention to fundamentals
16:55 Parallels between trading and sports
21:00 Putting in 1000 of hours of learning to get a few hours of gems
32:20 *2023 trading stats; be a sniper* 58:10
35:00 WAL (waterfall trade)
44:30 Position sizing; up to 25% of account
50:50 *Bitcoin setup in 2023*
55:00 MSTR
1:03:00 Cash % of a company's market cap
1:14:00 Correlation to currencies
1:20:08 Missing NVDA
1:22:00 *Play your own game*
Thanks for doing this!
Thank you!!
Excellent personal story , hearing lots of things that happened to surely many of us during the journey of learning trading. Thank you both for the valuable content.
There is no professional trader who didn't make many mistakes along the way!
The setbacks are inevitable. It's how you bounce back that matters! Best wishes to you Mehrdadmithra ✊
This fired me up! Glad to see Andrew on the TL podcast 🙌🏼
Vamos Nick! Let’s keep rockin and rollin 👊
our nerdy little spaces group is going places
Hands down the best interview on this channel. Loved the mix of technicals and fundamentals and really like Andrew's approach and how he views the markets! Plenty of new concepts to explore and even some new excel models to make haha. Great video!
Thanks Randy!
Appreciate the kind words and the interactions on Twitter Randy! Keep building!
Richard is best host and interviewer on RUclips. He is cordial, respectful, asks relevant questions and allows the guests to answer questions and describe their career and investment methods.
Thank you very much Charles. That's kind of you to say
Enjoy!
Great interview, thanks Andrew and Richard for sharing your expertise. Much appreciated 👍
Thanks Ted!
How much do you live off of? Is that based on your profits or a set amount each quarter or yr? Do you have a certain amt in a taxable account and a certain amt in a retirement acct? Do you make quarterly tax payments based on profits early on?
It’s time for you to figure that out for yourself bud… Too much information being spoon-fed and not enough action…
Christian fromhertz also another well known trader who uses monthly value areas.
Yes
Probably the most down to earth, informative, real interview I have seen in a long time. Thank you!
Thanks Brad!
Appreciate the kind words Brad! Best wishes to you on your journey ✊
@@realpristinecap thank you sir, I wish you luck as you continue yours as well! I look forward to seeing you again in any interviews or videos soon! Thanks!
Is the USIC the same USSIC? The Unites States Stock Investing Championship doesn't seem legit?
I don't know what the USSIC is. you can learn about the USIC here, it's a historic competition: financial-competitions.com/
Great Interview as always. I really like Andrews approach. I have seen this value zone come up a few times recently.... time for me to do some more research!
Appreciate it Geoff. Keep putting the work in! 👊
Glad you enjoyed it!
That's surprising, I'm a day trader and I take less trades a year than he does.
Great interview, I enjoyed listening to his experiences.
Glad you enjoyed 👊
Glad you enjoyed it!
1:01:57,......he was predicting, "Thought,........" watch price, have a set up that becomes mechanical....This was a strong statement, how Kobe, Jordan became great, while people are out shopping, playing around with telephones in the gym.....21:00 Putting in 1000 of hours of learning to get a few hours of gems
I study the mindset of great athletes like Kobe and Jordan just as much as I study the minds of great traders. So many parallels! Appreciate the kind words TBrad!
It’s algos that are programmed for correlation of 1. Also stops are getting hit. Nice job on Western alliance
Andrew crushed it last year 🙌🏼
You nailed the keys to the trade Savvyguy! Best wishes to you on your journey 👊
@@TraderLion he certainly did
@@realpristinecap Thanks! These trader lion videos are very well done. Have been studying them and additional material for some time
Fantastic interview! Thank you both. Lots of key takeaways and love the catalyst approach to trend reversals. Also really identified with the correlations btw sports and trading.
Our pleasure!
excellent interview, thank you both for the range of topics covered, some real gems inside for those who really paid attention
Thanks!
Fantastic effort bro 👌 wow. Appreciate you guys.
Our pleasure!
This was a great tutorial and analysis of expectations. I learned a lot from Andrew's explanation of things I don't normally look at. I also loved his comparison to sports, as when I started my trading education a year ago, almost all recognized mentors refer to psychology and trading mindset. The point for me is I applied almost everything I learned in trading education to tennis and general decision making, as the rules are the same for all. Thanks Andrew for your insight.
Glad it was helpful!
Well said James! Quality decision-making is the hallmark of every performance endeavor! Best wishes to you on your journey
Can someone explain what he was saying about the monthly value areas that were on the chart or what those are 56:15
He is talking about market profile techniques. Market profile, value areas, point of controls etc.
A value area shows where 68% of trading volume in any given time period occurred. The monthly value area looks back at the prior month to see where 68% of the trades for that month took place 👍
Excellent interview, thanks to you both. 👊👍
Thanks!
Excellent interview. How much margin were you trading when you were in the USIC?
I don't use margin, but I trade options which provide leverage in a similar way
Thanks! Andrew was great :)
Richard, what do you mean when you say 103% return "i believe" ? Are you not checking the actual statements of the peoples you are interviewing?
No, Andrew's results were verified by the US Investing Championship: financial-competitions.com/
@@TraderLion thank you for the answer. Really enjoyed the interview, great guest, good questions & format. keep up the good work. good week ahead.
Another great interview. Andrew is an awesome guy.
Yes! 🙌
It is very informative from institutional perspective. Thank Andrew and Richard.
Glad you enjoyed it!
Appreciate the kind words! Best wishes to you in your journey Xianlin👊
Great interview. Thanks Andrew and Richard.
Our pleasure!
Drew has the bottles on the top shelf for those bad days or possibly good days too. We get it. Salute.
You already know 😂
🫡
What is the name of the chart service he used ?
Tradingview & Deepvue
Thank you very much for this very interesting video!
Thanks for watching
Thanks for watching
excellent trader and an even greater person. Outstanding work, brother.
Couldn't agree more!
It is awesome to trade alongside @cdawgparks - 2024 is going to be our year!
Great! Thank you guys!
Our pleasure!
thanks for the sharing!
You bet!
Thanks Richard Great Interview
Thanks!
Glad you enjoyed!
Hi Andrew. Thanks for sharing your insights . Is the Markets in Profile indicator available in Trading View? If so, what is the name of it? Also, would you recommend the book by Dalton, Dalton, Jones?
Use VRVP indicator [ Visible Range Volume Profile ]
really made me pause to think
Glad you found this interview useful!
Wow I love this episode the most. Andrew talked about a few points that highlights my idiosyncracies.
Andrew was phenomenal! We’re glad you enjoyed it 🙌🏻
Excellent interview!!! Thanks appreciate Andrew being candid and sharing his full time trading journey. Thanks a lot Richard and Traderlion team!!!
Our pleasure!
Appreciate the kind words Santbaliga! Best wishes to you on your journey!
Great interview! Tons of value & lessons. Thx!
Glad you enjoyed it!
What a great interview! Full of golden nuggets!! Thanks guys
Glad you enjoyed it!
Appreciate the kind words Stephanie! Best wishes to you on your journey!
Wow. That's great. Its a different perspective on the markets. I also watch the DXY, U.S. Dollar Index and I have an indicator for comparing it to stocks.
Very nice!
Excellent discussion
Thanks Sam!
Thanks for the sharing
You bet
Again another useful interview, thank you 🙏
Glad you enjoyed it!
Thanks @realpristinecap and @TraderLion . One question: How to enable that indicator in Tradingview for monthly range that you shown there in WAL stock ?