📋 Video Summary

🎯 Overview

This video features Clement Ang, a trader competing in the U.S. Investing Championship, sharing his journey and strategies that have led to significant financial success. He discusses his trading background, influences, and specific trades, offering valuable insights into his approach to the market.

📌 Main Topic

Clement Ang's journey as a trader, highlighting his strategies, risk management, and key lessons learned from his participation in the U.S. Investing Championship.

🔑 Key Points

• 1.Trading Background & Journey [0:01:23]

- Clement started trading in late 2019 while in university, initially with a $200,000 stake from his mother.

- He learned from books on momentum trading, market wizards, and the bare market of 2022.

• 2.Influences & Trading Style [0:06:47]

- Influenced by William O'Neil's "How to Make Money in Stocks," Mark Minervini, and Stan Weinstein.

- Also learned from Gil Morales and Chris Katcher's book on short selling. - Emphasizes the importance of understanding both long and short-side strategies.

• 3.Ethereum Trade Analysis [0:10:28]

- Biggest trade was in Ethereum (ETHU), a 2x leveraged ETF.

- Key edges: Bitcoin's bull run, Ethereum entering RS phase, positive group strength. - Used 20-day ADR and Jeff Sun's ATR extensions for sell rules.

• 4.Position Sizing & Risk Management [0:27:04]

- Position sizes based on risk, with 3%-5% of equity per trade (up to 1% with high conviction).

- Emphasizes keeping monthly drawdowns small, ideally within 15% of equity curve highs. - Reduces trade frequency and sizes down to manage drawdowns.

• 5.Futu and other Chinese Stock Trades [0:31:57]

- Used multi-edge approach to find explosive breakouts in Futu, a Hong Kong-listed stock.

- Applied group strength with other stocks in the Chinese market. - Lessons from selling Futu prematurely: "Ride your winners for as long as possible."

• 6. Trading News [0:42:01]

- Doesn't focus on the news, but takes note of it to be aware of "news failure".

• 7.Buying Strategy [0:45:53]

- Look for setups when others are fearful.

- Look for stocks diverging from the market

• 8.Gold and other trades [0:48:18]

- Used market narrative, group strength and RS to find the trade.

• 9. Intraday Chart [1:11:13]

- Used MACD and 5-minute chart to assess a intraday breakout

💡 Important Insights

• •Long Game Mindset: [1:28:58] Trading is a long-term endeavor; manage risk short-term.
• •Importance of Group Strength: [0:35:51] Consider group dynamics; many stocks breaking out together is a strong signal.
• •Self-Analysis: [1:05:39] Regularly review trades to learn from mistakes and improve.
• •Think Beyond the Pattern: [0:36:08] Consider the context behind the chart pattern to increase odds of success.

📖 Notable Examples & Stories

• •Ethereum Trade: [0:10:28] Clement's biggest trade, utilizing a leveraged ETF and multiple technical indicators.
• •Futu Trade: [0:31:57] Illustrates the importance of riding winners and the impact of premature selling.
• •PopMart Trade: [0:59:22] A case study on a big weekly base and the importance of the market leader.

🎓 Key Takeaways

• 1. Prioritize Risk Management: Keep drawdowns small and manage position sizes accordingly.
• 2. Embrace the Long Game: Focus on long-term strategies and avoid getting rich quick schemes.
• 3. Learn from Others: Study successful traders and their methods, but develop your own process.
• 4.Always Trust the Price Action: It will save you money and help you make better decisions.

✅ Action Items (if applicable)

□ Study the charts and strategies Clement used. □ Practice risk management techniques (position sizing and setting stops). □ Review trading journal to identify patterns and improve.

🔍 Conclusion

Clement Ang provides a valuable case study for aspiring traders. His success stems from a combination of technical analysis, risk management, and a disciplined approach. The video emphasizes the importance of continuous learning, self-reflection, and a long-term perspective in the market.