In episode 290 of the Chat With Traders podcast, host Ian Cox interviews Mark Ritchie II, a swing trader from Illinois. Mark discusses his background, influenced by his father, Mark Ritchie, Sr., and mentor Mark Minervini. He shares his early experiences in the markets, emphasizing the importance of risk management and emotional control over paper trading. Mark details his swing trading strategy, which involves manually screening 600-1000 stocks daily, focusing on price and volume, and using fundamental analysis to identify growth opportunities. He stresses the necessity of having a trading plan, even if imperfect, and sticking to it. Mark defines low-risk entries as those in long-term uptrends with tight consolidations, and he manages exits based on risk points and technical confirmations. He also touches on the importance of capital efficiency and adapting to different market regimes, aiming to survive volatile periods and thrive in favorable conditions.
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