Ross Haber: How To Make A Trading Strategy Your Own

TL;DR

Former portfolio manager Ross Haber discusses the current markets, the importance of making a trading strategy your own, and highlights a few current stocks.

Transcript

okay hello everybody and welcome to investing with ibd sponsored by vantagepoint today is december 9th 2020. i'm your host richard pierce and we have ross haber on the show ross is a former portfolio manager for william o'neill and he is also the co-founder of traderline.com thanks for being here ross thanks for having me on today's podcast we are ... Read More

Key Insights

• ❓ The market is in an uptrend, but it's important to interpret rather than predict its direction.
• 🥳 Psychological indicators, such as put-call ratios and McClellan oscillator, can provide valuable insights into market sentiment.
• 💄 Making a trading strategy your own involves finding stocks that fit your preferred character and trading style.
• 💪 Stocks like Tesla and Zoom have shown strong earnings and sales growth, making them potential trading opportunities.

Questions & Answers

Q: How can investors protect their profits as the year-end approaches?

Haber suggests being more proactive in taking partial profits to protect gains, especially as the year-end approaches. Maintaining a tight and logical stop-loss can also help minimize losses.

Q: How important is it to pay attention to psychological indicators?

Haber places great importance on psychological indicators, such as put-call ratios and McClellan oscillator, as they provide insights into market sentiment. Extreme levels of these indicators can indicate overbought or oversold conditions.

Q: What strategies does Haber use to identify potential trading opportunities?

Haber relies heavily on screening for stocks with high relative strength and strong earnings and sales growth. He also pays attention to industry group performance and uses alerts to stay updated on market rotation.

Q: How does Haber approach stocks with high volatility, like Tesla?

Haber looks for logical and tight stops when trading volatile stocks like Tesla. He emphasizes the importance of understanding the character of a stock and adjusting trading strategies accordingly.

Summary & Key Takeaways

• The current market is in a confirmed uptrend, with one distribution day on the Nasdaq and three on the S&P 500.

• Haber emphasizes the need to interpret rather than predict the market, as volatility can quickly shift the direction.

• He discusses the psychological indicators to pay attention to, including put-call ratios, McClellan oscillator, and VIX.