Chat With Traders

290 · Mark Ritchie II - Price-Action, Swing Trading Equities from the Long Side

12 snips
Oct 24, 2024
Mark Ritchie II is a seasoned swing and growth trader and the Managing Partner at RTM Capital Advisors. He shares fascinating insights into his trading journey, influenced by his father, emphasizing disciplined risk management and the power of price action. Mark discusses the importance of emotional control and starting small, scaling up when a strategy proves effective. He reveals his systematic stock screening process and how he navigates varying market conditions while maintaining capital efficiency. Mark’s journey showcases the blend of personal growth and strategic trading.
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INSIGHT

Skin in the Game

  • Skin in the game, even small, is crucial for learning and developing a process. Building confidence with smaller amounts allows for increased size with proven edge.
ADVICE

Screening Process

  • Manually screen a large number of stocks daily to develop a keen eye for opportunities.
  • Focus on timeless principles based on historical big winners, prioritizing price action and market health.
ADVICE

Fundamentals and Technicals

  • Focus on price and volume, avoiding classic technical indicators. Look for fundamental confirmation in earnings, sales, margins, and industry group strength.
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