The $1,000,000 Simple Trading System That Took 13 Years to Build

The TraderLion Podcast interviews Matthew "Shake" Pryzby, who finished second in the 2024 US Investing Championship, about his trading journey and strategies. Pryzby details his early career at T3 Trading, where he learned technical analysis but felt pressured into unprofitable trades, leading him to develop his own style by integrating Dan Zanger's swing trading with William J. O'Neil's fundamental analysis. A key element of Pryzby's strategy involves top-down charting, focusing on weekly and monthly charts to identify trades, then using smaller timeframes like 30-minute charts for precise entries. He emphasizes the importance of IPOs, IPO bases at lows, and Friday swings, aiming for a 5:1 risk-reward ratio and managing emotions through journaling and self-awareness.

Outlines

Part 1: Background, Evolution

Part 2: Core Strategy, Methodology

Part 3: Risk Management, Market Psychology

Part 4: Technical Setups, Case Studies

Part 5: Shorting, Market Reversals

Part 6: Lessons from Losses, Reflections

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Part 1: Background, Evolution

Simplifying Trading Strategies: Top-Down Charting and Perfect Entries

From Football Field to Trading Floor: Shake's Journey into Investing

The "Stepper" Trade Loss and Discovering Swing Trading with Zanger and O'Neill

Perfect Entries, Darvis, and the Psychological Impact of Loss

Animalistic Focus and the Importance of Journaling

Part 2: Core Strategy, Methodology

Shake's Strategy: Top-Down Charting, Layers of Probability, and IPOs

IPOs and the CEP Trade: Consolidation Breakouts and Fast Money

TEM Trade Breakdown: Friday Swings, Range Moves, and Perfect Entries

TEM Trade Management: Trimming into Strength and the Importance of Market Awareness

Part 3: Risk Management, Market Psychology

Risk Management: Pushing the Gas Pedal and Earning the Right to Do Nothing

Nvidia's BlackRock Deal and the Importance of Work Ethic

NBIS Trade: Perfect Entries and the Power of the Fed

Part 4: Technical Setups, Case Studies

CoreWeave and the Slingshot: EMA Reclaims and the Importance of Confidence

Snow Trade: Timeframe Continuity and IPO Bases

IREN Trade: IPO Bases and the Power of Themes

5EMA Extensions and the Importance of Studying Yourself

Oklo Trade: EMA Reclaims and the Importance of Themes

China Trades: K-Web Breakouts and Sector Strength

Part 5: Shorting, Market Reversals

CoreWeave Short: Compression, Expansion, and the 20 EMA Rollover

Arm Short Setup and the Power of Inverted Charts

Chewy Short: Earnings Gap Downs and the Importance of Guidance

Part 6: Lessons from Losses, Reflections

Reddit: A Story of Mental Capital Loss

Reddit: A Story of Mental Capital Loss Part 2

TMDX: A Good Loser and the Importance of Sticking to the Plan

BE: A Change of Game Plan and the Importance of Outlier Moves

GILD: Range Moves and the Importance of Sector Patterns

The $1,000,000 Simple Trading System That Took 13 Years to Build

TraderLion

Part 1: Background, Evolution

00:00Simplifying Trading Strategies: Top-Down Charting and Perfect Entries

Simplifying Trading Strategies: Top-Down Charting and Perfect Entries

04:07From Football Field to Trading Floor: Shake's Journey into Investing

From Football Field to Trading Floor: Shake's Journey into Investing

10:13The "Stepper" Trade Loss and Discovering Swing Trading with Zanger and O'Neill

The "Stepper" Trade Loss and Discovering Swing Trading with Zanger and O'Neill

15:27Perfect Entries, Darvis, and the Psychological Impact of Loss

Perfect Entries, Darvis, and the Psychological Impact of Loss

25:25Animalistic Focus and the Importance of Journaling

Animalistic Focus and the Importance of Journaling

Part 2: Core Strategy, Methodology

31:59Shake's Strategy: Top-Down Charting, Layers of Probability, and IPOs

Shake's Strategy: Top-Down Charting, Layers of Probability, and IPOs

39:56IPOs and the CEP Trade: Consolidation Breakouts and Fast Money

IPOs and the CEP Trade: Consolidation Breakouts and Fast Money

47:01TEM Trade Breakdown: Friday Swings, Range Moves, and Perfect Entries

TEM Trade Breakdown: Friday Swings, Range Moves, and Perfect Entries

57:07TEM Trade Management: Trimming into Strength and the Importance of Market Awareness

TEM Trade Management: Trimming into Strength and the Importance of Market Awareness

Part 3: Risk Management, Market Psychology

1:04:05Risk Management: Pushing the Gas Pedal and Earning the Right to Do Nothing

Risk Management: Pushing the Gas Pedal and Earning the Right to Do Nothing

1:14:23Nvidia's BlackRock Deal and the Importance of Work Ethic

Nvidia's BlackRock Deal and the Importance of Work Ethic

1:20:20NBIS Trade: Perfect Entries and the Power of the Fed

NBIS Trade: Perfect Entries and the Power of the Fed

Part 4: Technical Setups, Case Studies

1:27:30CoreWeave and the Slingshot: EMA Reclaims and the Importance of Confidence

CoreWeave and the Slingshot: EMA Reclaims and the Importance of Confidence

1:38:18Snow Trade: Timeframe Continuity and IPO Bases

Snow Trade: Timeframe Continuity and IPO Bases

1:47:11IREN Trade: IPO Bases and the Power of Themes

IREN Trade: IPO Bases and the Power of Themes

1:57:105EMA Extensions and the Importance of Studying Yourself

5EMA Extensions and the Importance of Studying Yourself

2:03:07Oklo Trade: EMA Reclaims and the Importance of Themes

Oklo Trade: EMA Reclaims and the Importance of Themes

2:14:21China Trades: K-Web Breakouts and Sector Strength

China Trades: K-Web Breakouts and Sector Strength

Part 5: Shorting, Market Reversals

2:20:20CoreWeave Short: Compression, Expansion, and the 20 EMA Rollover

CoreWeave Short: Compression, Expansion, and the 20 EMA Rollover

2:27:30Arm Short Setup and the Power of Inverted Charts

Arm Short Setup and the Power of Inverted Charts

2:30:30Chewy Short: Earnings Gap Downs and the Importance of Guidance

Chewy Short: Earnings Gap Downs and the Importance of Guidance

Part 6: Lessons from Losses, Reflections

2:38:11Reddit: A Story of Mental Capital Loss

Reddit: A Story of Mental Capital Loss

2:47:00Reddit: A Story of Mental Capital Loss Part 2

Reddit: A Story of Mental Capital Loss Part 2

2:57:07TMDX: A Good Loser and the Importance of Sticking to the Plan

TMDX: A Good Loser and the Importance of Sticking to the Plan

3:00:00BE: A Change of Game Plan and the Importance of Outlier Moves

BE: A Change of Game Plan and the Importance of Outlier Moves

3:08:07GILD: Range Moves and the Importance of Sector Patterns

GILD: Range Moves and the Importance of Sector Patterns