The TraderLion Podcast

+805% Trading Champion of 2023 Reveals His Powerful Day Trading Setups


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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_gajjalaEnjoy!- The TraderLion Team-----------------------------------------------------------------------------------------------------------------------Next-Generation Stock Screener: https://links.traderlion.com/Deepvuehttps://bit.ly/34ktd3Y-----------------------------------------------------------------------------------------------------------------------Stay in touch:Follow us on Twitter: https://www.twitter.com/TraderLion_Like us on Facebook: https://www.facebook.com/TraderLionOur Blog: https://www.traderlion.com/blog/Timestamps:00:00 - Goverdhan Gajjala US Investing Champion05:37 - Learning from Minervini10:27 - Transitioning into Day Trading12:00 - Shift from Unprofitable to Profitable14:32 - What makes an A+ Day Trade17:12 - Common Mistakes When Day Trading21:29 - Unbreakable Routine25:17 - Preparing a Focus List28:42 - ICCT Trade Setup32:42 - 2023 Performance37:27 - Trading Stats of 202343:42 - Trading Rules Around Drawdowns48:02 - Collecting Clues for Big Moves50:58 - LIFW Trade Review54:57 - Dealing with Stock Halts1:00:42 - Daily Charts Show Squeeze Potential1:10:08 - TPST 1,000% Move1:14:05 - AVGR Trade Review1:25:22 - Benefits of Day Trading over Swing Trading1:30:02 - Adapting the Strategy to Account Size1:31:52 - VFS Missed Opportunity1:33:52 - Commonalities of Biggest Winners1:41:41 - TOP Trade (Mindset Change)1:45:32 - Biggest Losers of the Year1:50:32 - Why Long Trades Only1:59:27 - Setups2:01:52 - Squeeze Ups/Reversals2:13:52 - Important Trading Advice

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The TraderLion PodcastBy TraderLion

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