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Understanding Momentum Class for Members next week

Posted on 10/30/2021

 

Next Week: momentum week

Everything you wanted to know about momentum but were afraid to ask

  • Difference between momentum and momentum burst
  • How to calculate momentum or ROC
  • How to rank by momentum
  • One month momentum
  • TI65
  • MDT
  • MDT offset
  • DT
  • Minervini Trend template
  • IBD RS ratings how to do in TC2000 and what is it
  • iBD RS line 
  • EG100
  • Price Persistency momentum P scores.
  • Top 25 /Top 50
  • How to profit from momentum
  • Working People and Momentum
  • Darvas and Momentum
  • How to profit from momentum extremes
  • Shorting and momentum

"My recent equity curve is the smoothest it's ever been"

 Member feeback. If you want to improve your trading attend the upcoming November bootcamp. 


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Tweet from kjoo7

Posted on 10:15 PM Oct 26th 2021

Hi - this is my first Timeline post. I joined the community in August, attended the bootcamp and have been focused on getting rid of my previous trading 'baggage' by going deep and building a trading plan around MB's.

I traded well in early Sept, then messed around with short attempts during the chop (without really studying the setup) and went nowhere. Oct has been great with the favorable environment. I've been laser focused on small, consistent gains aiming for 0.25% - 1% - trying to compound on a daily basis with the occasional home run. A recent post from @pk was a huge revelation, so thank you PK! Even a lurker like me takes value from what many of you guys post. Posts from @mmonis and @LB have also been a big help in building my strategy.

This community and Pradeep's teachings have been unbelievable for my albeit early results. My recent equity curve is the smoothest it's ever been. I'll forever be grateful to Pradeep and the incredible content he puts out on literally a daily basis - it honestly feels like a cheat code.

That all being said, I wanted to keep myself accountable as I got ahead of my skis and gave some back today.

I felt myself chasing alerts on my focus list later in the day today in spite of my own SA pre-market and with what the scans were screaming early in the session.

Going to dust myself off, study harder and make sure I get better tomorrow and every day after. Here are some of the lessons / rules I noted to myself in my journal:

  • Trade smaller size if initiating after 7am PST
  • Never give back gains on a swing from the previous day - trail more tightly and at worst raise stop to breakeven
  • Currently my eyes seem to recognize MB setups that flag vs. break out of a flat range. Be aware of of this until I've done a deep dive to understand range expansion from flat ranges better.


If anyone read this, thanks for humoring me! Very happy to be part of this community. 

Oh, the Places You'll Go!

Posted on 10/19/2021

 


“You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. You're on your own. And you know what you know. And YOU are the one who'll decide where to go...” ― Dr. Seuss, Oh, the Places You'll Go!


Anything is possible when you develop the skill of active trading. It may take weeks, months or even a year but the reward for such effort is enormous.

A member emailed me to say she never thought she would make the money that she has as a result of trading.


The setups I teach are not complicated and can be easy to trade. Setups like

Momentum Burst Stocks that move in sharp burst of 3 to 5 days


Range contraction Period of range contraction is followed by range expansion. This setup is ideal for low risk entry.


Earnings Reaction A Stock price will react positively or negatively to earnings surprise. We focus on stocks with big earnings surprise.


Exhaustion Buyer or seller exhaustion leads to turns. We look for buying exhaustion to short and we look for selling exhaustion to go long.