Jason Leavitt's mini Masterclass in Trading

Learn how trading success hinges on a consistent process amid unequal opportunities, illustrating how day-to-day results vary across trading, investing, sports, and business.

Uncover how Warren Buffett built wealth through 15 pivotal investments over 50 years, guided by patient adherence to principles and timely opportunities, not sheer compounding, as Charlie Munger notes.

George Soros demonstrates that wealth comes from preserving capital and keeping losses small while trading only the very best opportunities. When a great opportunity appears, press the accelerator.

Size up responsibly: start with starter positions and add to winners only when confirmed, avoiding reckless bets. Build larger positions over time by seizing scalable opportunities.

The futures market phantom of the pits highlights preserving capital by cutting losers and adding to winners, starting with a starter position and increasing size when right.

Use poker as a trading analogy: fold on weak hands, add to bets on strong ones, keep losses small, and push when opportunities arise to maximize gains.

This lecture uses baseball metrics, like 162 games and 500-ball stretches, to show how a trading track record blends flat periods with win streaks and oversized trades.

Consistency remains impossible because markets present unequal opportunities across different conditions. Embrace lumpy returns, as success depends on adapting to trends, range-bound moves, and varying volatility.

Learn to identify a few major, high-quality opportunities through curiosity and multi-variable analysis, then bet heavily when odds are favorable, while preserving capital and minimizing losses.

Maintain consistency in trading by using the best setups and keeping losses small. Seize home runs by pressing the accelerator and adding to winners to maximize returns.

Identify great stock setups and opportunities by leveraging sector rotation and relative strength, and learn practical techniques to recognize and trade good stocks.

The 80 percent rule reveals that 80 to 85 percent of stocks underperform the market, with a few big winners driving returns and shaping index averages.

Analyze the distribution of gains and losses in the S&P 500, where few stocks outperform by wide margins, and stay on the histogram's right side to beat the market.

Explore relative strength in gold as gold stocks outperform the market, with the S&P 500 up 20% while gold miners rally hundreds of percent.

Money rotates through leading groups as sectors take turns outperforming. Focus on groups on the far right side of the histogram to maximize odds of success.

Focus on outperforming groups and rotate among groups with relative strength. Preserve capital, trade only the good ones, and size up groups with the biggest moves.

Identify market conditions, target leading groups, and trade stocks in sync with the overall market using index charts and breath indicators.

Explore how overall market movement drives stock performance and identify trend strength and likely continuation or reversal. Use index charts to gauge pullbacks and distinguish them from full downtrends.

Assess market direction across multiple timeframes using moving averages to stay on the right side of trends, and adjust from aggressive to defensive as conditions change.

Explore how breadth indicators reveal market staying power, using the nyse advance-decline line and nasdaq advance-decline volume line, with divergences and 50-day moving average.

Analyze breadth indicators like 52-week highs and lows on the NYSE, new highs and lows, the high-low differential, and the cumulative line to identify uptrends, reversals, and potential bottoms.

Explore breadth indicators for market health by tracking the percentage of S&P stocks above their 50- and 200-day moving averages, and divergences near zero to signal trend changes.

Identify leading groups to improve trading odds; focus on stocks within a strong group rather than a single stock in a weak group, as groups drive most movement.

Identify the strongest market groups using top-down sector rankings from free online resources, then drill down into leading industries to screen stocks by charts and volume for tradable names.

Assess group strength via monthly and weekly charts to identify trends, continuation patterns, and reversals. Drill down into leading groups with moving average support to find tradable stocks.

Learn to use relative strength charts to gauge a group's performance relative to the market, then focus on outperforming groups and ignore underperformers to improve trading odds.

Flip through hundreds of charts to find strong stocks with a bottom-up approach, then drill down into the group to spot leadership using volume, liquidity, and relative strength.

Identify market strength and leading groups to explain most stock moves. Master the rhythm of adding to winners and cutting losses to trade any basket confidently.

Covers foundational principles to point you in the right direction after a two-hour mini masterclass in trading. Reach out with questions or comments via email, Twitter, or YouTube.