Momentum Access @MMT_Access

2023 Q1 returns: +15,36%. 2024 Q1 returns: +35,02%. Staying focused, one trade at a time. Even though I improved year on year, my quarter was far from perfect. Many mistakes, a lot of lessons. It was also my first time live trading daily in front of hundreds of people in Momentum Access. It's been a really humbling experience. I'm thankful for the opportunity to share my insights and grow with a group of serious traders. We're doing an Easter Special offer this weekend. Use the code EASTER25 for 25% off all plans. See you there: momentumaccess.com

Trading is easy. That's what makes it so hard. Finding a good setup & executing a winning trade is within anyone's reach. Keeping profits, not overtrading, respecting risk management, and respecting discipline, is where all the challenge is. It's a perpetual learning journey.

The overall market has been feeling heavy lately. Very few momentum breakouts, with challenging follow-through. Good example today with $CGC, even though the setup looked really nice, follow up was short lived. The stock was probably dragged down as the indices started turning. In this weather, I like to reduce my size and keep testing the waters with minimal exposure. The setup was a classic momentum breakout. Gradual and sustained push, followed by a price contraction on lower volume. As price finds support around on the 9 EMA, it tightens until an explosive breakout on good volume occurs. Entered at 7.3, stop at low of previous bar 7.1 Sold partials at 7.9 and closed the remaining at 7.4 Playing defense until the markets show strength.

Mentors are a shortcut to success. Have a great week everyone! 🙌 Video credit: Luke's Surf Channel - Youtube

“Luck is the intersection of preparation and opportunity. Opportunities parade past all of us all the time. The key is that you must be paying attention to see them, you must be willing to take risks, you must expose yourself to the possibility of massive failure and you must believe in what you are doing so much that you do it anyway." --- Richard Garriott, author of Explore/Create. 👆Perfectly applies to trading as well!

🎞️Free Day Trading Webinar 👇 I held a 2 hour presentation at the Northern Virgina IBD Meetup this week. Here is what we covered: - Background and Trading Style - Pre, Post, and Open Market Routines - How to scan day trading stocks - My 5 favorite setups - Deep Dive into trade examples - Breakdown of my 2023 USIC performance - Deep Dive into last year trades - Q&A Session with the audience I wanted to share the recording for those that were not able to attend the event. It's a great hybrid between my Masterclass and my TraderLion interview. I hope you will enjoy this content. If you found it valuable, please share it with someone that could benefit from it! Have a great weekend!

I feel that the market has had some troubles holding its breakouts on the shorter timeframes this week. MNPR today is a good example of that. Even though the original formations print beautiful patterns - here an intraday VCP followed by an EMA Kiss & Fly - the momentum quickly fades after the breakout. A "Pop & Drop" as Mark Minervini would call it. When I notice multiple stocks failing to hold their momentum, I usually take some risk off the table and test the waters with smaller size until I see the market consistently pick up again. I like to remind myself that the bus runs every day. The market will present millions of opportunities throughout our lifetimes. There's no need to rush into trades when the weather isn't favorable. There will be multiple seasons. Some are for protecting capital, some are for multiplying it. I will forever be learning to get a feel for the market's weather, so that I try to avoid being stuck in a storm.

@mcpa_trader Thanks for the kind words @mcpa_trader. We hope you enjoyed the content!

Day Trading is simple, but it is not easy. Learning from a trusted Mentor is key. We are building momentumaccess.io with 2023 US Investing Championship Winner, Goverdhan Gajjala. Goverdhan achieved 805% returns in 2023, the second highest ever return of the competition.

Here is how I scan for stocks 👇 I have received a lot of messages asking to go deeper in my stock scanning process. I shared the essentials in the third lesson of my free Day Trading Masterclass, and I thought it would be nice to add some insights here to help you find these setups on your own. My style and playbooks all revolve around the same pillar: I’m interested in stocks that show a price compression after a big advance. I wait for them to leave enough clues that they might breakout higher, that is when I enter. It seems that it is unclear for some people how to exactly scan for these strong advances. Here is my methodology: My day begins at 6:30AM central time. I will use two different scanners to see what’s moving in the premarket. The first one is Zendoo Premarket Live Scanner, which is a free YouTube scanner with no delay. The second one is my custom Premarket Scanner in ThinkOrSwim, where I define simple parameters such as scanning for stocks that have at least 1 million in volume and that have advanced at least 25% since last market close. These two scanners are the only things I use to scan for stocks that make great advances in the premarket. Once I see stocks that present features I’m interested in - such as increasing gradual volume, and slow pullbacks - I put them in my primary watchlists and will keep an eye on them for the whole day. It’s a very simple process that is an essential part of my day. I scan stocks until the market opens and then I create my watchlists accordingly. I see a big advance - a catalyst, earnings, FDA approval, partnership - as a must for a stock to make a huge momentum move during the day. I don’t care what the catalyst is, and I don’t even research it. All I care about is that this catalyst translates into price action, that will show in my scanners, so that I trade them later that day if they present a setup. I share a full tour of the scanners and parameters I use in Momentum Access Pro and Premium tiers, where members also have tutorials to migrate those parameters to platforms such as TC2000 and TradingView. This content is an extract of my Free Weekly Market Report available every end of week to all subscribers of Momentum Access. Have a great weekend!

Quite the run on $HOLO today. Smooth EMA Kiss & Fly.

$NVIV Breakout - February 6th After a really explosive push at the open, NVIV consolidated around the 9 EMA, before slowly pulling back and drifting down on decreasing volume. Even though it lost the 21 EMA shortly after, I kept it on my watchlist as there was no major selling and it seemed to form a base around the 45 cents region. This is the bread and butter of my setups and my style: A strong push followed by a gradual slow decline on low volume. After it stalled in the 40 cents region, it regained the EMAs on increasing volume. It wasn't an A+ setup, but I had the intuition that it might run. I entered half size at $0.50. Volume gradually kept increasing, and after approaching it's session highs, broke out and exploded higher. There, the stock halted. I thought that we might approach a climax seeing the volume of the bar. I exited the trade in small chunks after the stock reopened for trading, with an average exit at $0.905 for a 79% move in about 30 minutes. It's been the only good explosive setup in a week that has been quite slow for Momentum Day Trading so far. There isn't much action out there. I tried to stay focused and not overtrade.

The most profitable time for my Day Trading Strategies: 11AM and 5PM Eastern Time. My data from last year is clear: most of my profits happened before lunchtime and during the market after hours. This is explained by my strategies methodology: As I scan for big pre-market moves to happen, usually stocks will start to tighten and contract during the first hour of the day, exploding later on once the selling has been consumed. Also, violent short squeezes happen right after the market close to squeeze shorts out of their positions at the next day's open. The after hours squeezes can present incredible conditions for momentum trading. This chart also shows that I tend to have bad performance during the first hour of the day. This is making me reflect to no want to give into FOMO and really wait for perfect setups to present themselves. A stock that tries to rally right after the market open without a proper base might be premature and sell off later on. One year of data is a small sample size to draw conclusions, but it's a helpful tool to understand at which hours I tend to perform. As explained in my masterclass, I use TraderSync platform to record all my trades. Being able to go back in time to look at all the data has been a game changer.

MomentumAccess.io is now live! Our Free Day Trading Masterclass is online. We're running exclusive launch offers until Feb 5th with 7-day free trials on all plans. I look forward to seeing you in Momentum Access!

My best trading happens when I focus on the present. Accepting that a trade's outcome is out of my control is one of the hardest concepts I had to learn. I can't control the market. I can only control my input: respecting my entry and exit rules, my risk management, and execution. Flow state happens once I let go of the expectation of what a trade might do, and focus on my process and journey rather than the destination.

Here are two very important processes I use to achieve safe risk management: Position Sizing & Progressive Exposure. I will always go in a new trade knowing exactly how much of my account I am willing to risk. I will gradually increase or decrease my account's risk per trade depending on my performance. I start trading small, risking 0.25% of my total account per trade. If I trade well and I have positive returns, I gradually increase my size and the % risk per trade. If I'm not trading well and in a drawdown, I gradually reduce my risk per trade. That allows me to trade my biggest size when I am trading my best, and my smallest when trading my worst. It increases my returns exponentially on big winning months, and reduces my drawdowns dramatically in losing months. Here is how to easily calculate your position size: In the picture I shared below, I use this calculator: trading.biz/position-size-… Let's say my account size is $100,000: the stock I want to trade is at $37.43 and I want to risk 0.5% of my account (lose $500 if I hit my stop loss at $34.58), I know that my position size needs to be 175 shares, or a $6,566 position size. The calculator takes care of the math for you. Simply adjust it based on your own balance, stock price, SL price and % risk per trade. I always go in a trade knowing exactly how much I am going to risk, and why. Learning about position sizing and progressive exposure was a turning point in my career, and an essential part of my returns last year. If this concept is new to you, bookmark this tweet and come back to it often. If you think it could help someone, please share it. We're all in this together.

My "Holy Grail" in trading: Thousands of recorded trades. "Education without execution is extinction." Once I found trading concepts and mentors that worked well for my personality, I started applying them right away. I wanted the market to be my next teacher. After each trade, I would record what happened, how I felt, what went right, and what I could have done better. I repeated that process thousands of times. So much that I have now 3 full size trading journals full to the brim with notes, that I go back to at every occasion. This is the only secret. We become our habits. Execute. Analyse. Improve. Repeat.

The biggest lesson in my career: Trading less = earning more. As the week begins, I like to remind myself that if the setup isn't A+, then it isn't a setup. It is so easy to get caught up in overtrading and see mediocre setups eat up an account due to a lack of patience. As Jessie Livermore said, “Money is made by sitting, not trading.” The true winning trades will show themselves. Developing the strength to wait for the optimal setup is an art that must be practiced every single trading session.

My Free Day Trading Masterclass will be live in a few days! Join the waitlist at momentumaccess.io for early bird access. Over 5000 people have signed up. I am humbled, and I can't wait to share it with you. I have been listening to all of your feedback. Keep it coming🙏

A great summary of my methods and journey. Thank you @BusinessInsider! businessinsider.com/top-chart-indi…

A trader who fails to prepare is preparing to fail. Weekends are when I focus on self improvement. While the markets are closed, I take time to review everything that went right, and wrong, during the past week, with simple tools: I use Thinkorswim's OnDemand feature to replay my past trades, and missed opportunities, and I record them with a screen recording software (I use Camtasia). I store those trades in Google Drive so that I can go over and learn from them. I will journal my past week's performance, helping me to prepare a game plan for the coming week. Have a great weekend everyone.