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 https://rtmca.com/'>https://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  
https://rtmca.com/'>https://rtmca.com/
https://www.minervini.com/

Books Mentioned

Trade Like a Stock Market Wizard: https://amzn.to/3sQmo0n
Think and Trade Like a Champion: https://amzn.to/32Mwnt2
Mindset Secrets for Success: https://amzn.to/3ew1bmZ
Momentum Masters: https://amzn.to/3xk2uy6

Enjoy!

Richard

Stay in touch
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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


Music from Absent Mind:   / absentinlife  

Disclaimer
The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything