James Rich Young Trading Toolkit

Buy Setup

A trend-following setup used when a stock corrects through price rather than time. A secondary entry can provide added confirmation after an unusually deep pullback.

CORRECTS THROUGH TIME

Breakout

A continuation setup where the stock corrects through time rather than price before attempting to resume the move.

SECONDARY ENTRY

The 123

A secondary-entry sequence for catching the remainder of a move after the initial entry was missed.

COUNTER-TREND PLAY

Climactic Buy Setup

A counter-trend play intended to catch a correction at the point of exhaustion while the stock is still collapsing.

First-year review · June 2022 ↗

Open pattern tool

Risk and position control

Position Sizing

Follow James’s path from small risk to larger size. Try the sizing stand, see how costs change the share count and build a repeatable plan before entering a trade.

James’s path to larger size

Build consistency.
Then build size.

James began with small dollar risk while learning to trade. His focus became limiting losses, reviewing his decisions and building a process he could repeat.

2019 · Starting out$50risk / trade
His starting risk per trade.
2019 · A first increase$100risk / trade
An increase he later called premature.
June 2022 · Three years in$500risk / trade
The risk reported in his midyear review.

These are James’s historical, self-reported amounts. His advice is to increase gradually as profitability and comfort with the risk develop. Larger size magnifies losses too.

01
Set the risk
Choose a planned loss budget you can manage calmly.
02
Measure the stop
Find where the setup fails, then measure from entry to stop.
03
Calculate the shares
RISK ÷ STOP distance, rounded down to whole shares.

The sizing stand

One glance.
The share count.

James keeps a printed lookup sheet in a clear acrylic stand. Try our own version: choose an example risk, then select a stop distance.

Example risk budget ($)

Your sizing reference$50.00planned risk · before costs

Risk ÷ stop distance = shares

200 shares$50.00 risk ÷ $0.25 stop

At an illustrative $14 entry, that is $2,800.00 of stock with $50.00 of planned price risk.

Open this example in the calculator

A wider stop means fewer shares for the same risk. Choose the stop from the setup. Fees and slippage can add to the loss, and a stop cannot guarantee an exit price.

Find the stand on his desk ↗

Why the amount matters

Same trades.
A different outcome.

Six wins, four losses. Each trade wins or loses its assigned risk. See what happens when one losing trade carries four times the usual size.

01+1R
02-1R
03+1R
04+1R
05-1R
06+1R
07-1R
08+1R
09+1R
10-1R

60% wins in both examples+$100.00

Every trade risks $50. Six $50 wins and four $50 losses leave $100 before costs.

Hypothetical illustration. Here, 1R = $50. Costs are excluded. These are not James’s trades. Oversizing can also make a trade harder to manage calmly.

Include the cost of trading

Small risk.
Real costs.

In James’s incomplete June 2019 records, commissions nearly matched his trading losses.

Trading losses: $715.13
Commissions: + $640.00
Total loss: $1,355.13

First-year review · 0:51 ↗

Estimated costs for entry + exit ($)

Keep the same $50.00 total risk budget

~~200~~before costs192shares with costs reserved

$48.00 price risk + $2.00 estimated costs = $50.00 planned loss.

This is an editable, fixed round-trip estimate, not a broker quote. Per-share commissions, order minimums, spreads and slippage can change the cost. A tighter stop adds shares and may increase per-share charges.

Continue with this cost estimate

Prepare, trade, review

Daily Routine

James starts at 4:30 AM on the West Coast. Follow the preparation, two trading sessions and review that give his day its structure.

Explore the dayStep 01 / 13

James’s time · PT4:30 AMYour time...Drag or use arrow keysJames’s time · PT1:30 PMYour time...

US stock market

Open James’s time · PT6:30 AMYour time...Close James’s time · PT1:00 PMYour time...

Before the openJames’s time · PT4:30 AMYour time...Until open2h

Start the day

James starts at 4:30 AM on the West Coast. The first job is simple: turn on the PC.

Spin up the trading PC.
Begin the preparation window, two hours before the open.

Our reading of the process

Preparation gets its own time before trading begins.

Before the openJames’s time · PT4:45 AMYour time...Until open1h 45m

Build the two gap lists

He builds a Gap Up list and a Gap Down list, with roughly 60 tickers in each. He combines his list with a worksheet shared with two other people who use different scanners.

Separate gap ups from gap downs.
Combine the shared lists to catch names another scanner may miss.
Start with a broad pool, then narrow it.

See the screens behind the gap review

Watchlist connection

His watchlist video explains the stock universe behind the morning lists, then shows how he sorts and organises the candidates.

See the screens behind the gap review

Before the openJames’s time · PT5:00 AMYour time...Until open1h 30m

Refine the ultimate watchlist

James sorts the tickers by favourites and priority, creates thumbnail charts, and checks what is behind each gap.

Prioritise the names worth a closer look on the daily charts.
Check news and filter out secondary offerings and ex-dividend gaps.
Filter out buyouts while reviewing what caused each gap.

Watchlist connection

His watchlist video explains the stock universe behind the morning lists, then shows how he sorts and organises the candidates.

Before the openJames’s time · PT5:05 AM to 5:35 AMYour time...Until open1h 25m

Organise the thumbnail charts

He spends roughly 30 minutes arranging the remaining watchlist into thumbnail charts he can monitor throughout the day.

Arrange the remaining names across the chart workspace.
In the watchlist video, related sectors sit together.
The December 2023 scanning tutorial distinguishes nearby top watches, remaining gaps and a separate sector-universe scan.

Watchlist connection

His watchlist video explains the stock universe behind the morning lists, then shows how he sorts and organises the candidates.

See the screens behind the gap review

Before the openJames’s time · PT6:00 AMYour time...Until open30m

Choose the top watches

James goes through the stocks once more before the open to identify his top watches for the day.

Revisit the remaining watchlist.
Decide which stocks deserve attention at the open.
The separate pre-market video shows an example of this kind of review.

Pre-market connection

The separate pre-market video adds a worked example: broader market first, then gap location, liquidity and related stocks.

Morning sessionJames’s time · PT6:30 AMYour time...Market openOpening bell

Trade the morning session

The market opens at 6:30 AM Pacific. His morning trading session begins.

Monitor the prepared top watches.
Watch how the opening action develops.

Pre-market connection

The separate pre-market video adds a worked example: broader market first, then gap location, liquidity and related stocks.

Try the routine quiz 4 chapters · About 7 minutes

Review & resetJames’s time · PT1:00 PMYour time...After open6h 30m

Update the tracking sheet

At 1:00 PM, James records the day’s P&L and trading performance statistics.

Enter today’s P&L.
Update the performance and statistics tracking sheet.

Review & resetJames’s time · PT1:30 PMYour time...After open7h

Review the gaps and shut down

Around 1:30 PM he reviews what the day’s gappers eventually did, a step he especially emphasises for traders starting out, then shuts down the PC.

Check how each gapper and its setups played out.
Review what worked and what did not.
Notice which patterns are performing well, then finish the day.

1 of 13

Test your understanding

More than knowing the times.

The routine, the gap scanner and the pre-market read. 16 questions, including how he revisits the lists.

The Rich Young Trading Floor

Meet on the trading floor.

Join the Discord for free. Routine reminders and morning gap feeds are being set up; member discussion is planned.

Join the Discord Preview the services

Select, manage, adapt

Strategy

James combines gap trading, chart patterns and scalping. He chooses his approach around market conditions, plans the risk, manages the position and reviews what worked.

James’s approach

One process.
Several approaches.

Scalping became part of his trading during the pandemic. Today, he adjusts the mix of gaps, scalps and other setups to the market in front of him.

Gap tradingScalpingCountertrend playsAfternoon continuations

Explore the strategy desk

Select the opportunity
Prepare a watchlist, read the larger chart and choose an approach that fits the conditions.
Define the risk
Plan the entry, stop and target. Use the stop distance to calculate the shares.
Manage as it develops
Adjust to follow-through, spreads and price action. Take partials, trail or add when appropriate.
Review and adapt
Separate execution mistakes from market conditions. Track each method and adjust its emphasis.

Patience is a decision

Daily preparation does not require a trade every day. He can sit on his hands, finish early, or ease off after two full morning stops.

See the decisions in practice

Inside the workspace

Monitor setups

Explore James’s desks from 2022 through 2026. Follow the screens from morning preparation to the final review.

The 2026 desk, from the front 01 + 02 + 03 + 04

Follows the daily routine

Every screen has a job.

Four BenQs in two stacks, with a raised ThinkPad alongside. Compare his 2026 desk with the portrait LGs from 2022, the five-screen Odyssey Ark setup from 2023, the four LGs and separate Ark from 2024, and the portrait watchlist and X-Keys pad from 2025.

James’s time · PacificThe workspace through the day

Preparation starts at 4:30 AM Pacific. Explore the routine, or let the desk follow the clock.

Explore the monitor setups See the 2022 desk See the 2023 desk See the 2024 desk See the 2025 desk See the workspace at the open

The teaching lineage

His mentor

James Rich Young attended Sami Abusaad’s 2019 mentorship, then progressed from student to trading room moderator and eventually mentorship co-leader.

Student to colleague

2019
James attends Sami’s Pristine Mentorship in Chicago.
2019
He is invited to help moderate the trading room.
2023
James joins Sami as a co-leader of the mentorship program.
Today
James confirms that they still share a trading team chat and room, helping each other surface and review trade ideas.

Verify the public timeline with T3 Live

The companyT3 Live

T3 Live describes its work as trading, training and technology. Its About page lists Sami Abusaad and James Young as contributors and describes its videos, articles and trading education.

About T3 Live

Learn and apply

Knowledge

Explore the concepts and chart tools, then test what you know with a quiz. Study gaps, market context, timeframe alignment, trading patterns and the daily routine.

KB · 01Study topic

Professional vs novice gaps

Read the recent price action, relevant resistance and opening response before looking for an entry.

KB · 02Study topic

Trading with the market

Read the broader market, prepare both directions and judge the stock’s setup in that context.

KB · 03Study topic

Multiple timeframe alignment

Check whether the other charts support the direction of a setup. A lower timeframe can be in conflict even when the setup looks attractive.

KB · 04Study topic

Trading patterns

Recognise James’s four setups inside the gap and trend context. Open a pattern to explore its chart, entry, stop and variations.

KB · 05Study topic

Daily trading routine

Build the watchlist, prepare the execution workspace and keep reviewing through the day. Explore James’s routine in your own timezone.