Momentum trading strategy & go-to setups | Kunal Desai, Bulls on Wall St

EP 020: Kunal Desai drops knowledge on ‘go-to setups’, trading explosive momentum & how to combat the fear of missing out. == CHAT WITH TRADERS More interviews: http://chatwithtraders.com Free eBook: http://chatwithtraders.com/17lessons Show notes: http://chatwithtraders.com/ep-020-kunal-desai/ == SOCIAL Twitter: https://twitter.com/chatwithtraders Facebook: http://facebook.com/chatwithtraders Instagram: https://instagram.com/chatwithtraders_ Soundcloud: https://soundcloud.com/chat-with-traders Sitcher: http://www.stitcher.com/podcast/chat-with-traders

Comments

1. Why is he screaming?... it is so damn irritating :D
   BTW nice podcast.
2. good interview Aaron. thanks Kunal.
3. Real traders know who speaks the real good shit of trading!! yes this guy is legit. if you're in doubts, trading isn't for you.
4. Thanks Aaron. Kunal made some sense. He knows what he's talking about. However his website and business practice gets a thrashing in the review link below.
5. paul singh
6. This guy whose doing the interview sounds like a hater...
7. It's important to realize momentum strategies have their time and place, but there's also times when these strategies run dry like in sideways or range bound markets. There's a saying that goes, "A rising tide lifts all boats." Well, when the market is firing on all cylinders the momentum and speculative stocks tend to do great, but if the overall market is stuck in a sideways range for a year or two, you might want to adapt to be profitable. Short term swing trading, reversion to the mean tactics, and shortening your timeframes and targets, are a good solution. There's no one strategy that out performs every market. You have to get good at trading in all conditions, and have more than one setup. If any market is contracting or consolidating on a higher timeframe, the odds and probability of continuation/trend trading setups working on a lower time frame drops dramatically. For trend trading, you want the larger and shorter timeframes aligned so the path of least resistance is lined up, and you can put probabilities in your favor and manage risk.
   
   It took me too long to figure this out, but any daytrading, 5 or 10 min setup you can come up with, wether it's a breakout, a pullback, or whatever, needs to be understood in the CONTEXT of a higher timeframe to ultimately put the probabilities on your side. If price looks really weak on a 60 min chart, I'm going to then look at a 5 and 10 min chart to see where I can short and manage my risk because I know the odds of continuation are in my favor. The larger timeframes reverse a lot less than the shorter timeframes do, so your job is to align yourself with the longer term trend via the short term chart and manage risk accordingly. Knowing this also explains why it's important to have patience and wait for those perfect setups. If you don't wait for the big move on a larger timeframe you will probably unfortunately get chopped up in the "perceived noise" on the shorter timeframe. Big swings take time to develop so it's important to wait for them to develop.
   
   When you look at higher timeframe market structure you want to consider where the market came from, and where it has the potential to go. Does the current market structure look weak, strong, or neutral? Have the previous swings been choppy or smooth? What's the current "angle of attack"? The best trades are always extremely obvious and have lots of confirmation. I would say most people don't have enough patience to wait for these trades, and think they have to be in and out of the market all day long. Make the market force you to trade it. You should be excited to enter because the setup is so good.
8. what methodology?? can you explain???
9. kunal always dropping the FIRE!!
10. Great interview....super.
11. Not sure about Kunal but his advice on being passionate about what you do is absolutely necessary to be the best at anything you do.
12. and just a side note Fous Alerts guy is one of the biggest scanners selling trading education. Neither of these guys could be hired at any reputable trading or finance firms, just fyi.
13. Anyone watching this should know, none of these guys actually trade successfully for a living, yes they do trade but they make their money selling training videos and running a chat room calling out trades. Find out what % of their chat room are profitable and your eyes will be opened. Do your own due diligence caveat emptor!
14. this guy is brilliant simple, to the point. really helpfull! I can really hear this guys voice and understand it well!
15. Storch...are you laughing?
16. One of the bests!!!
17. great interview!
18. Wow! What a great interview! Listening to this actually reminds me of my husband who's been a trader for 14 years and still going strong. He lost a good £30k+ at the beginning but never gave up. He learnt from his mistakes and found a mentor who's helped him gained confidence back. My husband was previously a chef with no knowledge of the stock market. Its just pure hard work and determination that got him to where he is today. It is true, successful traders will go through the worst patch but then their determination and hard work really pays off. Thanks again for all your amazing interviews. It really gives an insight of what real traders have to go through. I'm a beginner trader and my husband is mentoring me through this. I must say listening to your interview gives me that extra boost and enthusiasm. Keep it up!
19. His voice sounds like Cramer. So hard to get past that...