+805% Trading Champion of 2023 Reveals His Powerful Day Trading Setups
📘 Get your FREE 115-page Ultimate Trading Guide: https://links.traderlion.com/UTG-TOP In this episode, Richard Moglen interviews Goverdhan Gajjala, the champion of the 2023 US Investing Championship with an outstanding 805% annual return. Goverdhan shares his trading journey, from his early interest in the markets to struggling early & starting over. He discusses the importance of risk management, the mistakes he made in the past, and the changes he made to his trading approach. Goverdhan also shares his influences and resources, including Mark Minervini and Kris Kristjan Qullamaggie. He explains his focuses 100% on technical trading the chart patterns and short-term trading. In this part of the conversation, Goverdhan discusses his approach to find the most powerful stocks in the market on a daily basis along with his requirements he applies to find the highest probability trades. He shares multiple examples during this 2 hour long interview of trades that worked, but also trades that failed and how he managed his risk along the way. He also shares his statistics and win-loss ratio, highlighting the importance of keeping losses small. Goverdhan emphasizes that a few key trades can have a significant impact on overall performance. He concludes by encouraging viewers to embrace failure and use it as a learning tool. Follow Goverdhan Gajjala on Twitter/X: https://twitter.com/gov_gajjala Enjoy! - The TraderLion Team ----------------------------------------------------------------------------------------------------------------------- Next-Generation Stock Screener: https://links.traderlion.com/Deepvue https://bit.ly/34ktd3Y ----------------------------------------------------------------------------------------------------------------------- Stay in touch: Follow us on Twitter: https://www.twitter.com/TraderLion_ Like us on Facebook: https://www.facebook.com/TraderLion Our Blog: https://www.traderlion.com/blog/ Timestamps: 00:00 - Goverdhan Gajjala US Investing Champion 05:37 - Learning from Minervini 10:27 - Transitioning into Day Trading 12:00 - Shift from Unprofitable to Profitable 14:32 - What makes an A+ Day Trade 17:12 - Common Mistakes When Day Trading 21:29 - Unbreakable Routine 25:17 - Preparing a Focus List 28:42 - ICCT Trade Setup 32:42 - 2023 Performance 37:27 - Trading Stats of 2023 43:42 - Trading Rules Around Drawdowns 48:02 - Collecting Clues for Big Moves 50:58 - LIFW Trade Review 54:57 - Dealing with Stock Halts 1:00:42 - Daily Charts Show Squeeze Potential 1:10:08 - TPST 1,000% Move 1:14:05 - AVGR Trade Review 1:25:22 - Benefits of Day Trading over Swing Trading 1:30:02 - Adapting the Strategy to Account Size 1:31:52 - VFS Missed Opportunity 1:33:52 - Commonalities of Biggest Winners 1:41:41 - TOP Trade (Mindset Change) 1:45:32 - Biggest Losers of the Year 1:50:32 - Why Long Trades Only 1:59:27 - Setups 2:01:52 - Squeeze Ups/Reversals 2:13:52 - Important Trading Advice
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