The Simple Setup That Made Lance Breitstein Millions $$$

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Published 2023-11-09
Access the presentations of all 24 experts from the 2023 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com/YT_TLC23

In this this episode of the TraderLion podcast former Trillium trader Lance Breitstein reveals the trading breakthroughs he made during his trading career that allowed him to make millions of dollars. From systemizing your trading system to sharing his biggest mistakes, Lance does a great job guiding viewers through the process that every profitable trader must go through.

He also highlights one of his seven figure days in 2021 breaking down multiple trades he took, his entries, exits, and how he prepared during the morning to be able to capitalize on the immense opportunity the market presented him with.

Follow Lance on Twitter/X: twitter.com/TheOneLanceB

Enjoy!

- The TraderLion Team
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Timestamps:
00:00 - In this Episode...
00:40 - Introducing Lance Breitstein
07:02 - The Trend is your Friend
09:44 - Defining a Trend
18:58 - Creating Trading Rules Based on Trends
24:17 - How Trends Start & End
28:28 - Dissecting Large Losses
31:35 - 7 Figure Day (WKHS, SI, TSLA)
38:49 - Preparing for Important Days
41:45 - Risk Management Techniques
45:10 - How Countertrend Moves Start
50:01 - When to Size Up
53:40 - Knowing Your Timeframes
56:40 - Selling Rules for Winners
58:40 - Using Public Sentiment in Trading
1:01:41 - Mentally Preparing for the Trade
1:08:25 - Patience for Proper Setups
1:11:50 - Creating a Daily Report Card
1:14:29 - Post Trade Analysis
1:16:36 - Best Time of Day to Trade
1:18:40 - Trading Around Breaking News
1:21:00 - Lance's Favorite Setups
1:24:32 - Identifying Emerging Themes
1:25:50 - Handling Halts
1:28:08 - Closing Thoughts from Lance

All Comments (21)
  • @TraderLion
    Access the presentations of all 24 experts from the 2023 TraderLion Conference. Learn from top traders, hedge fund managers, trading psychologists, and more - traderlion.com/YT_TLC23
  • @user-ul1ku1ds9d
    I can’t believe this video is free. Unreal information that took him slot of time and experience. Good for him. He must have just made and can make so much money he passes it on for free. What a great guy and guy video. Download this and review it over and over and over. Hope you all keep a ton and your dreams come true! 🎉
  • @brentwilton8538
    This is Gold, Thankyou Richard for interviewing Lance and Thankyou Lance for the golden nuggets.
  • Lance Breitstein, one of the greatest traders, teachers and all round gentlemen of our current era. Thank you for what you do Lance.
  • @marcojuarez3358
    Best teaching video I seen in the longest in YouTube. Thanks to you both..
  • @josephcjr
    Probably one of the best videos ever by TraderLion. I think Lance has so much expertise that he shares openly. Even if you don't trade the lower timeframes the way he does, time is fractal. These lessons persist across all timeframes. Great job Richard, TraderLion and definitely Lance! This is like getting basketball lessons from LeBron. You listen and take notes!
  • @megawatt3946
    Hands down one of THE best interviews!! Massively value packed, detailed information & succinct ,from a true expert. Thx. I’ll listen to this many times. ❤
  • @helloworld6330
    this is the most useful technical guide video I have seen from Lance so far! thank you!
  • @tonijlondon
    Thanks Lance and Richard. Lance, you really are giving back so much to the community. So much trading wisdom. People: listen, take notes, do the required word, and replay and replay what Lance is saying.
  • I wish I could personally sit with Lance for 15 minutes, his videos are so empowering
  • @Winning33
    this guys advice makes the markets appear so much clearer
  • @JAbc360
    Love Lance, such a bright personality, extremely patient. He's a gem to the trading community
  • @danle746
    Awesome content! I love watching the SMB videos and especially Lance explaining how to incorporate the methods that they use in so many ways, and very inspiring and informative. Looking forward to your next interview with Lance and other experts. Thank you Richard
  • @brothachromatid
    This was a wonderful interview. Intersects beautifully with Brian Shannon's teachings which I follow closely. Helps me know I'm on the right track. Thank you TraderLion and Lance!
  • @kyledalton2802
    Great presentation! Where can I find the interview with Chris he was referring to?
  • This is an awesome presentation guys, thanks for sharing, it's pure gold, Blessings to Richard and Lance, true Legend!
  • @mehrdadnadem2238
    Super presentation Lance - outstanding video - great content - clear explanations. Thanks to both of you.
  • Lance is incredible!! I have learned so much thanks to him!! Thank you for bringing him. I am truly amazed by the trade on WKHS, and I would like to ask him about the process of trading this breaking news. It seems like he takes the trade right from the beginning, in the first or second candle. How does he filter through so many news that come in for all the stocks in the market at every moment, read and interpret how bad it could be, and make the decision to take the trade so quickly? Were you already monitoring this stock for some reason (perhaps the significant drop it had that morning), and were you only paying attention to the news about this particular stock? Do you use any type of software that filters and classifies the type of news you want to find? Or is it purely a skill developed over time? Thank you again, Richard, for bringing Lance to this incredible interview!
  • @AnitaGarba-xv5xb
    Richard! You are a very good teacher. thank you fro bringing Lance Breitstein. Keep it going
  • @alperkzlboga762
    Thanks for the great video! May I ask what lance means with no more need to use stops with trend? He uses mental stop losses instead hard stop losses with trend?