What podcasts say about Brian Shannon
Every statement, with the speaker, the exact quote and the moment it was said.
What Brian Shannon has said on podcasts
33 statements · 13 positive · 17 negative · 3 neutral
Traders should wait for VWAP rather than chase opening gaps.
“don't chase the gap, wait for VWAP”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 1:20
Traders lacking independent judgment should not trade stocks above 10% ATR.
“if you have to ask my opinion about a stock that's trading more than 10 atr you're not qualified to trade.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 2:01
Traders should understand and trade in the direction of the trend.
“Understand the trend and trade with it.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 2:14
Buying nuclear stocks in a downtrend does not ensure profits.
“that doesn't mean you can just buy nuclear stocks in a downtrend and make money.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 2:24
Opening-gap buyers usually face at least some profit-taking.
“majority of the time, they're going to at least undergo a little bit of profit taking”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 5:30
A stock reclaiming daily VWAP indicates buyers have regained control.
“once it's above that daily volume weighted average price. So that's the point where I say, okay, now we know the buyers have control.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 6:07
Broken support generally becomes resistance.
“Support broken tends to act as resistance.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 7:58
Traders should avoid setting stops during the first five minutes after open.
“don't set your stop in the first five minutes today. Don't panic and throw your stock away”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 12:09
A cited study found stocks trade between daily R2 and S2 about 83% of the time.
“83% of the time, I think it was, we'll check my memory when we look at it, a stock trades between R2 and S2 every day.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 14:32
Initial protective stops should be based on market structure.
“I want to do it based on market structure.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 20:22
Shannon avoids buying a higher high above the five-day moving average without structure.
“I was thinking, well, I'm not going to buy the higher high above the five-day moving average.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 21:58
Trend alignment occurs when shorter- and longer-term timeframes both trend upward.
“The trends are aligned in this zone because now we have an uptrend on this timeframe. That's an alignment with the uptrend on the longer term time frame.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 25:40
Shannon reviews a master universe of approximately 800 stocks.
“I go through a master list of stocks. It's about 800.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 31:53
A successful inverted head-and-shoulders pattern would identify an initial level of interest.
“If the head and shoulders pattern hits, this is our first level of interest.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 33:04
Beam is not suitable for buying on strength.
“This is clearly not a stock to buy on strength.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 35:05
Breakout buyers in DNA will likely exit within a few days.
“The people who buy this breakout are likely going to end up spitting it out in a few days”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 36:35
ONDS's broken support is acting as resistance.
“support broken, acts as resistance.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 38:11
OKLO, NNE, and SMR are structurally broken and need time to recover.
“structurally they're broken. They're going to need time to heal.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 39:01
Weak sector confidence warrants reducing a position below the normal $100,000 unit.
“if my size unit was $100,000, I might only do... $75,000 or $60,000 worth as a stock because I don't feel that I have confidence from the market and the sector.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 42:04
SpaceX sellers remain broadly in control relative to its IPO and high.
“the sellers are pretty much in control from the IPO and from the highest point.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 46:33
Shannon excludes IPO companies valued below $200 million.
“If it's less than $200 million, I'm just not interested in the name.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 47:56
Shannon requires at least 500,000 shares of average volume over 20 days.
“my rule is at least half a million shares over the last 20 days.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 48:31
Twenty-day volume averages better capture active, fresh breakouts than 50-day averages.
“the 20-day is what I'm looking for. It keeps you in some of the more active, powerful, fresh breakouts.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 49:10
Percentage volatility normalizes ATR comparisons across differently priced stocks.
“the percent is how you normalize those.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 50:17
Beginners should start with low-volatility stocks such as UPS.
“beginner traders should start with these types of stocks.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 50:50
Micron's elevated volatility likely needs to decline before a lower-risk setup forms.
“this volatility likely needs to cool off a little bit before it sets up in a lower lower risk way”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 55:35
Previously broken support tends to become resistance on Beam.
“support broken tends to act as resistance”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 57:30
Buying Cognex after its extended breakout was not sensible.
“Buying that breakout doesn't make sense.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 1:00:21
A stock rising 15% in five days can normally pull back 4–5%.
“It's totally normal for it to pull back four or 5%.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 1:01:22
Traders should wait for VWAP after a gap rather than chase the opening move.
“Chase the gap or wait for VWAP right here.”
Open the episode · The Dead Simple Anchored VWAP Setup with Brian ShannonListen at 1:04:06
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.