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Welcome back to the Market Chat. Our guest Matt Caruso is a professional investor and one of the top performers in the 2020 US Investing Championship with an incredible return of well over 300%. Matt follows the CANSLIM system and in this interview he talks about his background, how he learned the system, and his current investing strategies. We go through his stop loss management system, how he identifies potential leaders, and how he manages his positions to ride the trends. There's a lot of golden nuggets in this interview especially going through his trades from this past year.
Timestamps: 0:00 Introductions 0:26 How did Matt first get into trading/investing 1:32 Books Suggestions 3:41 Teaching Trading and Financial Literacy 5:50 How does Being a professional trader compare being part of an Institution 8:30 Traders wear many different hats 9:16 What was it like competing in the US Investing Championship 11:20 Follow Through Day, LVGO FSLY 12:20 How does this year's performance compare to others 13:52 Do you follow the CANSLIM Rules? 14:30 Determining Market Conditions- Net New Highs, Net New Lows 15:30 How would you classify your type of trading? Comparing Swing Trading and Position Trading 16:37 What is your target Risk reward Ratio? 18:25 Fundamental and Technical Analysis 21:02 How do you identify Potential Monster Stocks? 22:22 Stocks Posting Triple Digit Earnings Growth are more likely to do it again 23:22 Matt's Chart Layout and Technical Indicators 25:35 Green Zone. Volatility Indicator 26:14 NIO Stock Analysis. Entry Setup 26:30 Buying Pullbacks 27:25 Volatility Contraction Pattern 27:40 Scaling into a Position 28:00 Two Main Setups- Volatility Contraction or Expectation Breakers 28:40 AUY Stock Analysis, Kicker Candle 29:55 When does Matt place his trades 30:55 Volume Rate 31:37 How do you set your stop losses and manage them 33:47 Do you take Profits into Strength? 34:50 Getting in early in a stock position 35:50 Trimming your losers to hold on to your best stock 36:10 How do define your best stock and High Potential. 37:30 How do you determine position sizing and how many stocks are in your portfolio 39:17 How do you practice Progressive exposure. 41:05 Trade small when the market is under pressure 41:35 Going through 2020 and discussing Portfolio Exposure levels 42:55 Net New lows, New Highs Indicator 44:00 Net new highs went positive right before the follow through day 44:32 Robinhood Trader Story 46:00 William O'Neil is the GOAT 46:50 Everything has happened before, study history. 47:00 Dealing with choppy markets and the September correction. 47:53 Compare your stocks to the market. Relative Strength 48:38 FSLY Gap down 49:50 Do your homework during Market Corrections to find the next Winners 50:35 FTCH Stock Analysis. Relative Strength 52:35 Concentrate into your Winners 53:09 Biggest Winner of 2020: LVGO Stock Trade Overview 56:00 Doing Post-Analysis 56:34 Handling Pullbacks with a Cushion 57:50 Quality over Quantity 58:33 Dealing with Earnings Reports 59:41 Position Trading, Optimal Buy Periods during the year 1:00:45 The Trade Desk TTD Trade Analysis 1:02:52 AUY Trade Analysis 1:04:28 How do you keep track of leadership groups 1:05:55 Biggest Loser of 2020 NVCR Trade Analysis 1:07:57 How do you keep your losses in check 1:09:00 ACB Stock Analysis 1:09:10 NFLX Stock Analysis 1:09: 43 Be Optimistic but also very risk focused and fearful 1:11:07 FSLY Trade Analysis 1:15:22 Trading versus Buy and Hold Investor Mentality (Buy the dip) 1:17:05 What is your main goal for 2021 to improve your trading. 1:18:16 Motivation for new Traders
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