Section Insights
Introduction to Don Juan
Who is Don Juan and what is his trading background?
Don Juan, a successful trader, shares his journey from a stable engineering career to trading, highlighting his significant profits and unique trading strategies.
- Don Juan is a nickname derived from his real name, Juan.
- He transitioned from a nuclear engineering career to trading due to changes in his job requirements.
- The podcast aims to reveal effective trading strategies from successful traders.
Trading Patterns and Strategies
What trading patterns does Don Juan find most profitable?
Don Juan discusses his most profitable strategy of buying stocks after hours and holding them overnight, emphasizing the importance of timing and market conditions.
- Fridays have become Don's most profitable trading day.
- He successfully made $112,000 from a single trade by buying after hours.
- Timing and market conditions are crucial for successful trades.
Understanding Market News
How does market news influence Don Juan's trading decisions?
Don Juan explains that while news can impact stock prices, he primarily focuses on technical indicators and price movements, especially after hours.
- News can drive stock prices, but technical analysis is key for Don.
- He looks for stocks that hold their closing price after hours as a sign of potential gains.
- Understanding market behavior is essential for successful trading.
Identifying Trading Opportunities
What patterns does Don Juan look for when trading?
Don identifies specific patterns, such as the first strong green day and stocks that hold after hours, to find trading opportunities.
- Don focuses on low-priced stocks that show significant breakout potential.
- He emphasizes the importance of recognizing patterns for successful trades.
- Patience and observation are key in identifying profitable trades.
Advice for Beginner Traders
What advice does Don Juan have for beginner traders?
Don advises beginners to focus on mastering one or two trading patterns and to remain disciplined, highlighting the importance of experimentation in finding what works.
- Beginners should concentrate on a few patterns to become proficient.
- Experimentation is crucial for discovering effective trading strategies.
- Discipline and focus are essential for long-term trading success.
Transcript
0:00 welcome to undiscovered Traders my most profitable pattern is buying after hours a brand new podcast where we reveal exactly what's working for the latest six figure Traders when you're buying something that's up three 400% you're taking a big risk today we're talking to Don Juan Don is up $321,000 we're going to go through some of his kin for starts some of his charts and we'll end on some kind of golden nuggets for beginners
0:30 Don do do I call you Juan do I call you Don Juan where does Don come from it's just kind of like a nickname my real name is Juan Juan but it does Don does Don mean something is it Spanish no I my Twitter is Dawn Dawn is more like in Spanish M like someone calling like Mister yeah Don means Mis in Spanish I I've seen it on some drinks I was wondering I thought it meant Godfather or something like that
0:58 yeah yeah or like back in the day you were call like my grandfather they call him Don Juan yeah it was kind of like a respect thing kind of thing and I just kind of like it it was like instead of just putting Juan like put the dawn there n no I love it you should be called The Dawn I mean dude you're you're rising up those ranks on KF for you are the dawn the dawn of trading Don
1:24 ju but hopefully someday yeah dude you're on the you're on the way and it's fantastic privilege to interview you before before other people do I'm sure I'll be the first of many but how how just just very quickly before get into the k for stats how did you get into trading what was your motivation H and and and how are you doing now it's actually very interesting story because I had actually a good job I was
1:50 engineering and I went school and everything for it but the type of engineering I was doing it was nuclear engineering a lot of the things change it requires citizenship and I was losing a lot of opportunity it was very frustrating so I needed to do something in the meantime or something on my own and just kind of like sew an ad about day trading through scrolling through my phone or the computer and I I'm not
2:22 really sure what the the goal was at the beginning but maybe make it or maybe just kind of do it on the side but just kind of started slowly I didn't really like work on it too much at the beginning just kind of like wing it a lot and it wasn't until like the end of 2022 that I got myself together and like okay if I want to do this I really have to be focused on it and but I guess I
2:52 did a lot of study before that but and I did I was trading as well 300 plusk is is absolutely no joke I've seen a couple of people do 50k blow up 100K blow up but once once you get past that 100 I think you're on the way do you want to share screen and we'll take a quick look at your stats and then after that we'll we'll have a look at some charts I'm looking forward to
3:11 specifically what kind of Trades that you're making to try and give some of the new Traders some some kind of hint or some sort of edge of what you're doing but let's let's have a quick look at your your charts your kall first yeah so that that that is a a very smooth very very smooth profit cave I can see that things have took off really in about the last year so like what what clicked for you
3:34 there it was a combination factors I think when the main thing was focusing minimizing basically getting rid of the Thal trades and that's what I call it it's like trading for and being disciplined and that was one of the things I struggle a lot just being disciplined and I I think a lot of Traders struggle with that as well and just trading my patterns and and really sizing up when when it
4:06 matters that's crazy sorry it doesn't look like you've had a big loss there doesn't look like you've had a major draw down there is there something you do I yeah I mean I think it's a com It's a combination of a lot of like small losses here and here and here here that kind of didn't allow me to continue upward upward and like like right here just like a steady downtrend okay I got and
4:37 then finally started doing good and again and again and again it the same thing and I think oh yeah this is like the 2022 the last quarter where I kind of like started more to be more disciplined and things started clicking a little bit more and this was like the during the hot Market that we had last August and the same thing here this was in May with the GM AMC and
5:10 ffi beautiful I'm I'm looking for that's I'm looking forward to seeing what you're doing kind of edgewise but first we'll just have a quick quick look at your report and then we'll go into some charts you were saying that you felt burnt out on a Friday and then we've just checked your your Kim for stats and what's going on there it's your most profitable day yeah I think at the beginning I remember 2021 for some reason I I would do good on the on the
5:39 first three days and by Thursday and Friday I would just be so tired that I would I would take losses and I sometimes I will lose those all the wins of the week and it kind of hurt me but now that I'm seeing this I noticed that was Friday is my most profitable day and in terms of your dayto day I'd love to get into some charts if you've got a couple of charts a couple of
6:05 examples like what are you trading what have you been trading how did you make this 10 grand this month it's it's literally it was one stock let me see if I can pull the sh actually because I try to collect all as much data as possible please absolutely anything you free to show that's going to help other Traders give people an edge absolutely anything you want to go through I'm I'm all open to say dude that's a lot that's a lot
6:30 that's a lot of theater and charts oh here we go right here it was what's the name of that whlr yeah I think it's wher or wheeler my most profitable pattern is basically buying after hours and taking it overnight and this was
7:01 basically bought here and around here and then I woke up the next morning just sold everything and that's that was a $112,000 trade right there I think I took 2,000 shares and then just sold it everything around 10111 so are you waking up early are you on the East Coast or the West Coast yeah when I take things overnight I try not to wake up at 400 am. but
7:32 sometimes I can't sleep but usually I 5:30 just because of the stress I can imagine there's been times where I sleep I'm just like okay I'm I'll be up at 3:30 get myself ready when the pre-market opens but I mean you're making I mean what was the percent gain on that you You' doubled your money now right from 450 to 1050 it was like 150 100 over
8:04 100% H so you 150% you're not trading you're not trading are you trading heavily right now or not not as much I am I just haven't seen much specifically my setups like this is a very specific setup that I trade in when I see it it's just like I need to I've been trying to size up but right now because we're not seeing as many the this it's really hard for me to slid up but this is really really interesting
8:35 because the I'm seeing the daily chart below right so you've got the daily absolutely no volume shitty company mro cap stock and then out of nowhere gets explosive volume it closes near ties but like what else is there anything else you can diverge anything else you can get away a a lot of people don't like to do like because it's ups so much right it's like $4 from what from like a dollar I don't know how much that it's
9:05 like 300% or something like that it's scary kind of ridiculous so when you're buying something that's up three 400% you're taking a big risk but one of the things I look at is it's up in the day it's big green day is it consolidating like I would if it let say if it would close over here all the way from the vwap area that's still really big gap but since it's very close to the vwap that's a really good
9:36 consolidation and the volume has to be there volume is like the key for me at least 80 million that this one has slightly over 80 million shares traded so I I guess the way I look at it like if there's volume there is support so it has more chances going up instead of going down if they're volume which means there're there has more chances of get getting pushed
10:07 up just kind of like the way it helps I guess n i mean I completely understand what's going on I mean it's gone up 300% everyone's been shoting it maybe it's maybe it's been a quiet market for a while shorts are finally licking their lips and thinking I've got something great here i' the shorts love add losers then the next day maybe a lot of them get blown up at 4:00 in the morning I don't know if it seems seems like that's
10:29 what's happened there or I mean are you looking at dilution do you need a specific catalyst so I I'm trying to get better at looking at stats like not not the yeah like the like all that kind of stuff and dilution and and if there's offerings or this and that but I a lot of the times I I noticed is just like just by looking at the technicals especially when it just taking it one just overnight one day
11:03 that works the best for me but in terms of a press release does it matter for you are you looking just like literally break out volume consolidate in other no it's press I mean news is news it can be press it can be some contract can be like some it can be earnings it can be something like that but just something that help but the news are relevant since sometimes the stock just go up for no reason it's just like
11:33 a squeeze and and they keep going and stay up and you I think you're buying right in the market close are just for your own safety kind of thing cuz you're looking for that Gap is it like that yeah one of the things I noticed is I've been trying to in the last few months to kind of Buy in the afternoon if it's holding but you're there's more more risk involved and they tend to not hold as
12:06 much so the ones that make it to after hours and it holding after hours is specifically if they held the that closing price you can see here I think it closed just slightly above $4 yeah if it would have be hanging below this closing price I would have never taken it say it was holding after hours over the closing price that's a pretty good indication for me that it's likely to Gap up and that's a that's that's an
12:38 absolutely beautiful setup probably you shouldn't be sharing it with but it's very kind of that you that you that you have took the time to share how did you discover this I'm sorry what was that how did you find this setup how did you know this setup oh in general this pattern how did you know that this pattern is a probable pattern that works most used to collect a lot of data yeah and I think back in
13:03 2020 2020 something click there was a big gap up and I just saw there got to be opportunity right there but how can I make this like and then I started trying to buy stuff I like okay it could Gap up but when you just you don't really know I'm like it got to be something so I started collecting data here and there and I noticed big volume big first screen days they're likely to Gap up but
13:33 that was 2020 2021 if you had those days that was a whole different Market if you have if something's up and with big volume it doesn't even matter what it it does after hour it will it will Gap up but then 2022 came came and everything changed and and you've got like just I mean I've said My Story a bunch of times but I was short in gapas and did really really well turn like $600 and
14:00 over 100,000 and then the market changed the Gap has started running the wer the W is so shortable anymore in I give back half of the money and I've sto still not recovered to trade consistently again from that but then I look now in like 2021 everything that Gap 100% failed and then then 22 23 it wasn't working as well and then 24 it's do all the Gap as I failing again and I'm like it's like
14:24 if I just had discipline and hung in but so yeah but the lesson for people do is like not to just try and take this pattern and trade it it's like guys like track the data like look at every stock that closes with a 300% or 100% plus gain with 80 million you said 80 million like guys anyone who's watching this track the stats on an XL and see what they're do the next day and then start
14:47 looking at the floor with the news dilution and see if you can refine that edge do you have do you have what I don't want to take too much of your time this is a fantastic thing that you've give already you have one more stock one more P that you've made most of the 300K with we're can break down yeah it it rarely happens but it's afternoon higher day breakouts and pretty close to multi-day breakout as
15:17 well and I think this perfect pattern is this one this was TT o last August I think I believe believe this oh no August 2nd so
15:48 basically we have it's right here in the morning it didn't do much it kind of dip it but it kind of hanging there and when I saw that it got above vwap the multi-day breakouts are this is the first level and this is the second level and the high of day right here so buy over here a little bit I think I bought some here when I I anticipated but then I just cut it and like let's
16:17 see what it does but it helped and I think I bought a lot of shares at 165 and 168 I was still still unfortunately I think I sold everything around 19 cents it was I think it could have carryer on but I just that was I made like two two art so basically two times my risk what I was supposed to
16:48 make what is yeah and but the the shark kept going but it it kept going maybe I did buy the dip I think I did and I sold a little bit here and I sold it all out here again but this this actually came and kind of like created the same pattern that I always looked for which is the first strong first Green Day and it's
17:22 it was holding after hours but is that that's the daily on the do you want to bring that daily Up full screen so everyone oh no it's an image right this your actual software yeah and I think right that's after I was yeah so you can see here it was it and this fits the pattern of the same thing from the other one where it open after hours I think I bought some around here
17:52 26 and then so some and then start reing everything and then you swung everything overnight but so this is basically like super super low price most people don't even look at these stocks and most people are just like there's no way I'm messing around with sub Penny but you're finding these crazy crazy breakouts with crazy crazy range so so this is a 20 cent stock that went to 40 50 50 cents almost in a day in a
18:20 day or two yeah and this was just the beginning because it it kind of like when it went all the way to 45 cents it kind of hang it went down and for a few days and again it it kind of like got itself to for a multi-day breakout again and I think I do have the sharp right here to same batter afternoon breakout and this one it it took a long time but around like 7 pm. it started
18:54 gapping up and this is when I bought it again the same thing strong Green Day buy after hours for a gap man the the tips the tips that you're given here the advice that you're giving is like amazing detail really really appreciate what you're sharing here the second breakouts kind of not as clean right on the daily would you say oh not you having you're the expert yeah I don't long but the second breakout doesn't quite look as as clean as the
19:19 first one that you took it's not it's it's has it has lower volume too and that I think that made it difficult but the volume was about a 100 million I mean that's still a lot of volume 100 million shares at least for me and for something that's very that's getting close to the multi-day breakout that's that's that was really good so it was definitely worth the risk and because the stats said that it
19:51 should G up you should buy it obviously not everything works out there has been big there I think I got caught in two or three offerings or bad news or something like that over the years but I mean that's that's the risk you got to take right yeah that I would say 70% of the time this should Gap up and other
20:26 30% I was I was saying 20% of the time it kind of just gap down a little bit or just doesn't do anything and there's a 10% chance that it just goes down the Dr where's where where are you looking to enter there if you could just cover that are you entering enter the after hours for The Gap probably when it's breaking out of this 39 cents which is a closing price yeah yeah that's where I start
20:53 buying and but a lot of my losses before I take it over Night comes down to after hours because there has been times where similar shs like this I will buy something like this and it's kind of like a fake and it instantaneously just drops and I have to cut it because and then they play games and they like to push it again and I'm like I'm like
21:24 this but are you re buying if the pushup back up again if I see that it's holding it's kind of like one of my rules okay I I took the loss but that's just part of what I have to do and I if it's folding now I have to buy it when I say I have to buy it it's it's one of the things that kind of helps me not be afraid of taking it and then when you
21:51 cut it the next day if it doesn't get up like 4:00 in the morning 9:30 I usually sell on during a pre-market I I just I try so many times and according to what I seen from the stats and everything most of them don't the the high of day is basically they a pre-market unless we're in a hot market then things tend to like maybe dip a little bit and then continue like this one did either way I can always Reby
22:26 it so just to be safe and plus if I didn't get enough sleep because it was a stress I rather just byy maybe go for a walk take the dog hour or something and then come back fresh with a c coffee it's it's two two really really beautiful strategies some nice insights I saw was saw on King for pro reminded the people that can click upgrade for free for the month's trial but do you have any any closing
22:54 nugget of wisdom or any top tip or a beginner Trader just to close out the first episode of undiscover Traders I think it's important to like focus on one or two patterns and then just become really really good at it I think I I made a mistake in the beginning I was trying to do this I was trying to do that I was shorting I wanted to like become a short seller and this and I wanted to that and
23:25 I just but it it's hard to say that at at the beginning you should do this you should do that because it get your feet wet like if I wouldn't have done all that maybe I wouldn't have been discovered this worse for me you have to try a load of random out excuse me French you have to try a lot of random stuff out and then be like no no this is this is what's good and then you just work on in
23:52 on those too kind of yeah and stay in disciplined I mean that's that's the other main thing and staying away from I've done it myself but staying away for trades that you shouldn't trade and then I asked myself like why did I even trade that it's like I call it the fomo trades basically that I have a pattern for the fomo and I have to record it because then at the end of the month I look at how many trades I did
24:18 and how much I lost for making trades that I shouldn't tra but like how did you stop doing that Chipman cuz I'm still doing it I'm still doing for more trades like how do you stop how did you stop personally I I still do it I'm I become better at it I'm not especially slower market like this month for me it's like like I I lower my risk for those trades that's for sure like and then sometimes it's like a
24:47 slower month the pattern may be there but the volume liquidity is just not there it's just recognizing that that's another whole whole different level but you've hored into what you're good at you've got better with time with stupid form more trades and and F for me looking at your profit chart I mean you're on the way to the million for me I mean so you stick stick into it good Market you're on the way to the million but I mean last question how
25:18 many how many hours did you have to put in roughly like say how many hours are you doing a day or how many hours we doing a day at you Max to to track all this data and get all these results just collecting data or just kind of like the whole thing like in a day how much time would you invest in this on a typical day let's say like today I woke up at 7 not much going on
25:41 but I still wake up at 7 work till I don't know five six yeah and just kind of not consistently but I would go I would go to the gym maybe take a break or take the dog out for a walk or something like that that distract me because I'm in the computer the whole day when there's really nothing I'm going to make a some trade that I shouldn't make this like a is this a fulltime
26:10 thing for you now or are you trying to balance things yeah definitely fulltime I left my job in 2021 when I was starting making money but until this day I still think I left it too quickly yeah I understand that it it was at 2021 January February ser hot market and I just thought I was like oh I can do this for a living no problem I'm making money and then the the be Market came I'm
26:37 like but you survived it and you did okay no you st in the bar maret look good yeah Lucky had money saved up so that helped a lot crazy stuff now I really appreciate your time I really appreciate the fact that you've been so open and transparent with your Edge that's what transparent trading is about that's what Kino is about so thank you so much for your time unless you've got any final words we'll close out it's
27:00 been fantastic all right no thank you thank you for having me I appreciate it this has been really fun Cheers Cheers buddy
Summary
- Don transitioned from a career in nuclear engineering to trading due to frustrations with job opportunities.
- His most profitable trading pattern involves buying stocks after hours that show strong volume and potential for gap ups.
- He emphasizes the importance of discipline and minimizing unnecessary trades to maintain profitability.
- Don tracks data meticulously to identify patterns that lead to successful trades, particularly focusing on stocks with significant volume.
- He advises new traders to specialize in one or two patterns to master them rather than spreading themselves too thin.
- Don highlights the necessity of managing risk, especially during slower market conditions, and adjusting strategies accordingly.
- He notes that maintaining a balance between trading and personal life is crucial for long-term success.
- The conversation underscores the evolving nature of the market and the need for traders to adapt their strategies over time.
Questions Answered
Who is Don Juan and what is his trading background?
Don Juan, a successful trader, shares his journey from a stable engineering career to trading, highlighting his significant profits and unique trading strategies.
What trading patterns does Don Juan find most profitable?
Don Juan discusses his most profitable strategy of buying stocks after hours and holding them overnight, emphasizing the importance of timing and market conditions.
How does market news influence Don Juan's trading decisions?
Don Juan explains that while news can impact stock prices, he primarily focuses on technical indicators and price movements, especially after hours.
What patterns does Don Juan look for when trading?
Don identifies specific patterns, such as the first strong green day and stocks that hold after hours, to find trading opportunities.
What advice does Don Juan have for beginner traders?
Don advises beginners to focus on mastering one or two trading patterns and to remain disciplined, highlighting the importance of experimentation in finding what works.