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The Powerplay Setup

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The Powerplay Setup

Interview with Veteran Trader Mark Ritchie II

Richard Moglen
Apr 27, 2022
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The Powerplay Setup

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Hi everyone,

Yesterday afternoon I got the chance to sit down with veteran trader Mark Ritchie II.

Mark is a portfolio manager at RTM Capital and has been trading and investing professionally for over a decade.

He specializes in growth trading and was featured in Momentum Masters alongside Mark Minervini, David Ryan, and Dan Zanger.

One of Mark’s specialty setups is the Powerplay which is also known as a High Tight Flag.

High Tight Flag Chart Pattern | TraderLion


This setup occurs when a stock advances rapidly over 100% in just 2 months before consolidating tightly for at least 2-3 weeks. This type of setup may be on the rarer side, but it can lead to powerful moves in just a short amount of time.

TraderLion 🦁 on Twitter: "What are HTFs - High Tight Flags?  https://t.co/nNH1qq5utS" / Twitter

One of the strongest powerplay/high tight flag examples is TASR (now $AXON) which formed three separate high tight flags within its model book run of 2500% in 9 months back in 2003.

I would highly recommend watching my interview with Mark as we cover recent examples of powerplays as well as what a constructive setup looks like in general.

I hope you all are doing well and managing risk during this correction.

Take care!

Richard

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The Powerplay Setup

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Tom Goelz
Apr 27, 2022Liked by Richard Moglen

You're hitting it out of the park on the recent interviews with some really great names. Keep up the good work!!

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Tyler
Writes Tyler’s Newsletter
Apr 28, 2022

I have yet to watch the interview, but would be curious at the average market cap when the initial leg of the pattern takes form.

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