How To Trade Stocks Like a Pro | Interview with Professional Trader Matt Caruso, CFA, CMT
Welcome back to the Market Chat. Our guest Matt Caruso is a professional trader and one of the top performers in the Investing Championship in recent years with an incredible return of 346%.
In this interview we discuss Matt's background, how he developed his style, current ideas and trades, and advice for beginning traders in an environment where cyclicals and Oil and Gas names are leading. Matt also shares how to use trading indicators to trade stocks and analyze the market such as his adaptive RS indicator and the New Highs New Lows indicator.
He also discusses the criteria he uses to determine how to pick stocks combining both fundamental and technical analysis.
This is the perfect video to watch if you want to learn how to trade stocks or how to invest in stocks in 2022 for beginners. This is perfect if you want to learn how to swing trade, how to position trade, or how to invest in stocks
There's a lot of golden nuggets in this interview and be sure to also check out our first one!
• How to Become a Professional Investor...
Check out Matt's links:
/ trader_mcaruso
https://www.carusoinsights.com/
Have a good one!
-Richard
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Timestamps:
0:00 Intro
1:22 Matt’s Professional Trading Background
1:45 Transitioning from a day-trader to position trader
3:45 Combing short term trading tactics with Position Trading
6:24 Early Trading Mistakes
6:55 Reminiscences of a Stock Market Operator
7:51 Traders are too focused on buy points
8:30 You need a full system
9:30 How to practice good risk management
11:00 You need different techniques for different markets
12:30 How to determine the market health
15:45 Overtrading
16:10 Focus on the Big Picture
18:42 New Highs and New Lows Indicator
21:20 Trading Commodity Related Names
22:00 Open your mind to what Growth means
23:15 Are commodity stops choppy? Accumulation phases
25:00 Pullback entries work best for commodities
26:00 The big picture macro view. Fed Inflation
29:00 Raging Inflation
30:00 Cryptocurrency
31:20 Risk Asset versus Store of Value
33:00 Charts: New High New Low Indicator
34:45 NYSE strength versus the Nasdaq
37:55 BRCC Trade Walk Through
39:50 Entry setup, pyramiding in
41:15 Selling into Strength
41:32 INMD Trade
44:50 Trading IPOs
46:45 Adaptive RS indicator
48:55 Alpha and Beta
51:40 Combining Fundamental and Technical analysis
52:55 Matt’s Sell Rules
53:35 Extension from Moving Averages
57:40 How Matt sells
58:40 You don’t get 300-400% returns by having a small position in a big winner
1:00:00 Coal names ARCH BTU
1:04:00 Finding Setups
1:05:55 Advice for new 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
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