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Michael Walstedt, CFA Profile
Michael Walstedt, CFA

@MichaelWalstedt

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Health before wealth | Trader mastering my craft

Hoboken, New Jersey
Joined October 2020
Don't wanna be here? Send us removal request.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 months
PSA: I am looking for a mentor. I am hoping that by posting this (and pinning to profile until successful), someone with more skills & experience sees this, recognizes my potential and is open to working with me 1-on-1 on a daily basis to help bring the best out of me. Trading
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Despite a tough year for just about everyone, there were still stocks with excellent performance📈 Below is a thread on the biggest winners of 2022 and what we can learn from them ✍️ LIKE👍& RETWEET🔁 to share the wealth 💸 NOW LET'S LEARN!🔥 👇
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
20 names that have likely already bottomed and fit @markminervini 's criteria to be potential leaders in the next bull market $ENPH $FSLR $FLEX $ANET $CPRX $CCRN $KRTX $PCVX $VRTX $TH $TMDX $DGII $HRMY $AXSM $NBIX $ARRY $SANM $EXTR $GFS $AEHR What is missing from this list? 👇
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
The passing of @mardermarket is devastating news He was an elite trader who always brought unbiased and methodical analysis to the #fintwit community Here are 25 important lessons he taught me, strictly through his tweets, in his honor May his legacy live on forever 🙏
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
With solar names like $ENPH & $FSLR not looking great, who will be leaders of the next bull market? One group in particular has been showing ALL the signs of leaders I'll dive into this group in the thread below 👇
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
Passed CFA Level 3. Can’t put into words how happy I am to have grinded through this years long process to the end. Passed L1 & L2 in 90th percentile (info not available for L3). Passed all 3 on 1st try. Thanks to all who follow on my journey. Feeling blessed🙏🏼
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Tomorrow morning I will sit for CFA L3. Numerous years and thousands of hours of studying have gone into preparation for this one moment. I couldn’t have worked hard for this prep. Execution time.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 months
Trading is so damn hard man. Doesn’t matter how committed you are, how hard you work or how much you want to succeed, you will run into challenging times. If trading was easy everyone would be rich from it but the reality of the success rate is much more grim than it seems
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Presented without comment
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
$MRVL nice @markminervini VCP action here with the largest contraction only -16%. Pivoting near line of least resistance on increasingly lighter volume. $AI theme is there & group is strong
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Top 15 stocks showing @markminervini 's "Code 33" characteristics, sorted by highest RS $CECO $SMCI $FUTU $PBT $SANM $UFPT $SLB $AZPN $SSBK $ESQ $HAL $PFHD $PLXS $TGLS $TSBK
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
"If you can make a lot of money in the good times and find a way to mark time or give minimal amounts of it back in the bad times, that's how you can make a life changing amount of money." - @MarkRitchie_II
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Finished 2022 up a little more than 12% (on a 6 figure account) Content with my performance in the environment we had, but I am excited to see what next year brings🙏 Thank you for 3,000 followers 🔥 2023 will be bigger and better!
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$BIIB textbook @markminervini VCP setup here Super tight price action with the largest decline coming in at only -15% Leading group Accumulation throughout the setup Pivot formed along line of least resistance with exceptional volume dry up within pivot ✅
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ENPH is it time for this one to finally go? Textbook VCP: 16W 3T 28/11 @markminervini
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
8 months
I finished up 27% in my 3rd year as a full time trader (+11% in 2021, +13% in 2022) 2023 was a pivotal year in my development as a trader though and although I am pleased with the shape of my equity curve (pictured below) for the most part, there is tremendous amount for me to
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
8 months
Taking the torch from @NickDrendel on this My main trading goals for 2024 are 1. Demand more from my winners 2. Trade less when QQQ below 10/20 EMA 3. Have a plan & stick to it to reduce emotional pull of market 4. Let price guide my decision making vs emotions/opinion/money
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$TMDX forming a base on base here. New ATH Fri on above avg vol. This company is growing fast. Last 4 quarters of sales growth: +27% +125% +151% +378% Stock has been an RS start during this bear market. Watching this to see if it can put in a couple more tight days here.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 months
Engaged to my best friend. I’m a lucky guy
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$PDD strong stage 2 uptrend showing big accumulation off the lows. Group has been strong as well $KWEB. Low volume pullback buy opportunity setting up here.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
11 months
Overtrading is a weakness of mine especially since I do this full time I feel the need to "do something". One of the most difficult skills to master is walking away when your edge isn't present. As a long only trader now is that time. Protect capital & live to fight another day.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
@markminervini Mark is confirmed a winner 😂💯
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Tomorrow morning I will sit for CFA L3. Numerous years and thousands of hours of studying have gone into preparation for this one moment. I couldn’t have worked hard for this prep. Execution time.
@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
I am officially signed up to take #CFA Level 3 in February 2023! Excited to move that much closer to getting my charter @CFAinstitute
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$PBT Another textbook @markminervini #VCP I like to see those extra tight contractions on the right side of this base along with above average volume
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ADM textbook @markminervini VCP 31W 3T 29/7 Super tight on that right side
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
I am officially signed up to take #CFA Level 3 in February 2023! Excited to move that much closer to getting my charter @CFAinstitute
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$MBLY setting up @markminervini primary base in a tough market. Has shown some great action amongst this chop. Semis are strong here $NVDA $AMD $SMH. Will be watching how this acts tomorrow. @PrimeTrading_ said it best today - even the best technical setups fail in bad markets.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
4 more names I am focused on heading into next week $FNA tight on the right side of big IPO list, great @markminervini #VCP $MOD tight pivot, undoubtedly a leader $MNSO one of the first China names trying to setup after ripping off lows $FDMT pullback buy after tripling 🧨
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
5 months
With some down time I took the chance to mark up $QQQ chart with NAAIM readings since Jan '23 & included some key takeaways I got from looking at data since inception ('07). I find it fascinating how crowd psychology can be an edge. Condensed to 1 chart for effective study.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$REPL one of the most crisp low-risk buy points heading into tomorrow's session. Multiple days of accumulation off the lows. Price pulling back within a small base on low volume. Very tight.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$DADA model book stock that should be saved and studied✍️ Blasted off from IPO, up 140% in about 5 weeks on heavy volume Constructive base building process with textbook @markminervini #VCP action 1-2 punch in the pivot/breakout Stock doubles from the buy point in 2.5 months 📈
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Chinese stocks have BLASTED off the lows $KWEB Many have broken out into new Stage 2 uptrends - @nextbigtrade has been all over this. Here are the ones making my watchlists (although may not be currently buyable for my strategy) Part 1: $EH $DADA $MOMO $MLCO
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$MNSO Chinese company forming a potential @markminervini power play, up 192% off the lows here and showing large volume clues. Not as strong as $DADA but still a recent RS leader. Prefer to see a couple more days tight. @nextbigtrade has been all over this group $KWEB
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
Some standouts today $PLTR $PANW $IONQ $IOT Charts via @Deepvue
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ACLX one of the best looking right now. Recent IPO had a breakout to new ATH a few weeks back on largest volume since IPO. Now it is tightening up. If it can stay tight a few more days, this will be a great setup. #Biotech with no fundamentals, position size appropriately.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$GFF is really shaping up to be a perfect @markminervini VCP Tightening up with a crisp high handle on the right side of the base VCP footprint 20W 3T 18/7.5 One I am watching for sure going into next week
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
Position sizing should be based on how much you are willing to lose on a given trade not how much you want to gain Risk-first thinking > return-first thinking
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
@dryan310 When David Ryan tweets during a bear market but you have long positions open
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Although my entry tactics require a tight pivot on the daily chart (~9% or less), $PODD weekly chart has perfect @markminervini VCP action here. Many signs of institutional buying in this chart. The best setups are when these types of indications jump off the screen at you.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$VRNA, $VKTX & $MDGL three biotech names I am watching VERY closely going into tomorrow that are setup with @markminervini power plays. Pivot buy points are there for all 3. If these work, that will tell me the environment is improving and it is time to get more aggressive.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
$BOTZ really tight on the right side of this bottoming formation. Could be a low-risk opportunity to play the AI group and less volatility compared to something like $AI
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
I have made @markminervini 's 4 professional trading goals MY professional trading goals 1. Take minimal risk 2. Capture relatively large gains 3. Maximize compounding 4. Be in the market as little as possible I remind myself of these EVERY morning
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$TSP textbook @markminervini VCP setup from 2021 Perfect primary base Great VCP action Pivot aligned with line of least resistance Explosive move, up 66% in 5 days from buy point THIS is what we want to see happening from low-risk entry points ✅
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
@markminervini ’s 8 super performance keys
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$VTYX one of the better looking bases out there right now showing great @markminervini VCP characteristics VCP footprint: 20W 3T 42/8 Big move off the lows, 270%+ during stage 2 uptrend Constructive basing period with orderly price action Accumulation off the lows Recent IPO
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$PCVX textbook @markminervini power play setting up here Up 124% in just 8 sessions (!!) Massive accumulation coming in Has only pulled back -13% I'm watching for a pivot to form (as drawn in) Will this be the next superperformer?
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$CELH one of the key RS leaders of 2022 beginning to develop a nice right side. Maybe this shakes out a little more if the market sells off. Watching to see if we can tighten up here.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$MODN (position) $TH $KDNY $VRDN all showing @markminervini 's "sore thumb strength" today making new 52W highs despite the market getting cracked $MODN & $KDNY look most constructive to me but all are extended at the moment
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$BTU massive base with accumulation up the right side and now volume drying up in the pivot Will this stock in the coal industry see another leg up?
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$AAPL in 2005 is one of the SWEETEST @markminervini VCPs I have in my model book. Footprint: 20W 3T 26/5.5 Note each contraction is < half the previous Nice accumulation up the right side of the base and on the breakout Nearly doubled in less than 4 months Leader action🔥
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$IPI is one of the few superperformers of 2022 that should be studied $STUDY
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
27 today. Grateful for the opportunity this country makes available to me on a daily basis. Love my family, friends and the city I live in. Forever indebted to my mentors and thankful for the community here. Cheers to another year of health and wealth🥂
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Yes $BTU is a textbook VCP. Very constructive price action here
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@crosuel
steve suric
@crosuel
2 years
@MichaelWalstedt Michael, is this a good example of Minervini's VCP? Thx
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$CAH showing some textbook @markminervini VCP action here RS leader since last summer Base on base, explosive potential Volume up the right side of base Pivot aligned with line of least resistance Volume dry up in pivot ✅
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ALNY beautiful @markminervini #VCP here Notice how even the biggest contraction is only -23%. This is after the stock made over a 100% move in a short period of time. This indicates there weren’t many sellers. Also the right side is SUPER tight at only -6%
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$TH was what @markminervini calls a "sore thumb" Price so strong that it sticks out like a sore thumb This stock was one of the ONLY names on my watchlist of about ~100 names that was green today. Big volume too. Watching to see if it can form a crisp right side here
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
Tight areas heading into tomorrow $YPF $MNSO $DMRC $AEHR
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
It will be time to get aggressive when action like $SMCI is proliferating rather than being an anomaly. Too much action like $CECO today. As @markminervini says, "Never get bold when trades are running cold"
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ENPH reminds me of $HOOK in Chapter 10 of @markminervini 's TLASMW I think a lot of people dropped this name off their list when last week's b/o failed... I am just a spectator atm, but could this potentially be resetting for a breakout to the upside here?
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ENPH breaking out of a picture perfect @markminervini VCP VCP footprint: 17W 4T 28/6 Notice how we got that last contraction in the single digits. That is KEY. This stock is breaking out today with big volume coming in.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
$EVLV low priced name but nice looking pivot at key level after making a 170% move off the lows. Theme is there too $AI
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$MDGL textbook @markminervini power play Perfect VCP and fits all of the criteria Looks ready to me
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$MDGL up a casual 400% in 3 sessions Do you think institutions like the results of this drug trial?
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ARRY this one is volatile but holding 20/50D MAs and pivoting on the right side of the base with volume drying up. If it can open tm within today's range then move through today's high, that would be what @markminervini calls "trading near the danger point". ~8% risk to the low.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
4 IPOs I am watching closely here $MBLY $CRBG $CWAN (weekly) $ARHS
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ISEE another #biotech with absurd strength. 98 RS - meaning it is stronger than 98% of other stocks in the market. LEADER. @markminervini #VCP footprint 15W 3T 31/6 Tightened up tremendously (from 31 to 6). Prefer to see higher pivot, but this one might just rip right out.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ENPH breaking out of a picture perfect @markminervini VCP VCP footprint: 17W 4T 28/6 Notice how we got that last contraction in the single digits. That is KEY. This stock is breaking out today with big volume coming in.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ENPH is it time for this one to finally go? Textbook VCP: 16W 3T 28/11 @markminervini
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$AMZN from 1998 Great @markminervini VCP action Over 300% from a pivot in 5 weeks This is the type of explosive action you want to see from buy points🧨🔥
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$INSP this is one of those setups where most of @markminervini 's criteria align in your favor: VCP action on the daily Pivot on the right side 4 straight quarters of 70% sales growth Leading group An absolutely PERFECT weekly chart Stack the probabilities in your favor✅
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
3 months
"If you don't feel dumb, you're not managing risk" - @markminervini Probably a fitting day for this one
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
$ROIV stock went up nearly 250% off the lows in September now forming one of most constructive @markminervini VCPs on my watch list. Lots of high volume bars throughout the base plus single digit price contraction on the right side. Volume drying up in the pivot as well. Crisp
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$OLLI another PERFECT chart to study One of the best IPO precedents that exist Perfect @markminervini VCP action and accumulation up the right side of the base
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Have you heard great traders say "listen to price action" and "gauge feedback from stocks"? Below is a thread on I will use the current setup in $PCVX to gauge the quality of the market environment this week 👇
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
You have to be building a process every day. Build your skills. Don't focus on the money. Focus on mastery. Be obsessed with it. Have rules. Emotional when executing? You are breaking rules. Plan the trade, trade the plan. Few
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
Sold the majority of my exposure in names like $NVDA $SNPS $MRVL $IMGN $PLTR over the last few sessions (some probably too soon) and have a decent amount of dry powder at this point. Ready to get aggressive again should this pullback create more clean setups. Up ~15% on the year
@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
Took some stops this morning on $PLTR $GOOGL & $IOT but I was still able to make some incremental progress up about 6% on the year. Holding some small positions to keep finger on pulse. $TNX 10Y breaking out is a headwind for growth stocks so we may need more time to build bases
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
In '94 the Fed was raising rates and '95 the Fed paused but the market was already moving up. Market didn't need rate cuts in order to move higher, only needed a pause. We could be in a similar scenario today. Graphic from a previous @markminervini study session
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$BOX continues to tighten up on that right side showing great @markminervini VCP action Footprint: 36W 4T 32/5 (textbook) Significant accumulation on the right side of this base, bullish development Weekly chart intriguing, IPO that never made a big move now basing near ATH
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Nice eye @vgtwist 👍 $BOX is certainly showing some solid relative strength in a tough market. A lot of recent accumulation. It is a little compressed up the right side, so personally I would prefer to see a little more right side development like I drew in.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$AKRO is a @markminervini power play breaking out of cheat pivot yesterday on above average volume (distorted due to magnitude of September volume) Also made new 52W highs here This stock is VERY strong. Biotech = LEADERS
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$AKRO was the cleanest power play setup and breakout we saw all year Key lesson: Prioritize the strongest setups in the market 🏋️‍♂️
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$TDOC from 2018-2020 is another perfect model to $STUDY. Has ALL of the right characteristics. @markminervini #VCP footprint 64W 6T 53/3 When a base has a deep correction, I want to see it build out the right side for much longer, exactly as pictured here. Perfect weekly.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Thank you everyone for helping to create a more comprehensive list 20 more names showing leadership $HALO $EE $ELF $HLIT $UTHR $WING $ALNY $ATKR $FICO $PI $STLD $SGML $LLY $ERIE $MODN $VRDN $NUVL $REGN $WSC $PRCT That's FORTY total All are 90 RS+ except IPOs
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
20 names that have likely already bottomed and fit @markminervini 's criteria to be potential leaders in the next bull market $ENPH $FSLR $FLEX $ANET $CPRX $CCRN $KRTX $PCVX $VRTX $TH $TMDX $DGII $HRMY $AXSM $NBIX $ARRY $SANM $EXTR $GFS $AEHR What is missing from this list? 👇
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
As a thank you 🙏 for 300 followers, I'm giving away a sample of my own personal model book for FREE! This sample model book has annotated charts of 5 stocks that generated HUGE performance! If you would like to claim your copy, retweet this & follow me & I will DM it to you 📈
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Thank you @SSalim0002 for the discussion today with @markminervini on the MPA platform It was an insightful conversation that gave me some very key insights Here are 7:
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
$RIVN key focus for me right now. The fact that $TSLA reported earnings today and was down 10% but this name was getting bid up all day is screaming relative strength to me. Not to mention doubled in 9 sessions. $26-27 key level but I am looking to size up here.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
@1charts6 $RIVN actually outpacing early stage $TSLA deliveries
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$GEO showing some standout relative strength today breaking out from a @markminervini VCP. Up nearly 10% on the day on well-above average volume. Closing strong here
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
This graphic posted by @SahilBloom from @waitbutwhy is DEEPLY profound and it has resonated with me since I first saw it. Every day is the first day of the rest of your life. You can choose in an instant how you will live it. As @markminervini preaches, DECIDE TO DECIDE!
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 months
$UBER really liking how this weekly is shaping up I think this is a sleeping giant
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
The longer I trade the more I realize that the right environment is a non-negotiable for my A+ setups
@AmeetRai_
Ameet Rai
@AmeetRai_
1 year
No Setups. No Trades
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
7 months
Testing out a script that I worked on with @amphtrading that automatically highlights unfilled gaps inspired by @OliverKell_ 's emphasis as an indication of strength $WDC has held a number of gaps particularly earnings and now pulling back to 20 EMA on light volume
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
10 months
@TheOneLanceB Lance rn
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Seeing a few pivots form here. Good sign $DADA $SANM $IMCR $KDNY
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
2021 was my first full year as a full time trader, returned 11% 2022 will be my second year as a full time trader, returning a little over 12% YTD Both were on a 6 figure account
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MODEL BOOK - HIGH PROBABILITY PRICE PATTERNS

WHAT IS IT?42 stock charts annotated with granular detail identifying the key technical factors behind BIG winning stocks. UPDATE: Now includes the biggest winning stocks from 2022!LEVERAGE MY EXPE...

michaelwalstedt.gumroad.com
@SmartTader
Smart_Tader
@SmartTader
2 years
@MichaelWalstedt Are you profitable ?
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Many stocks have run up the right side and are short-term extended at the moment. If the market pulls back here, we want to see it act like a tennis ball. If this is the case, the strongest stocks under accumulation will form pivots, and that will be when I press it. $SPY $QQQ
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$EXTR is a predictive leader. It broke out of a base a few months back and was showing a number of @markminervini 's post breakout confirmations. The stock pulled back to the 50D and is now forming a cheat pivot. This is textbook.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$EXTR is another one of those charts that just looks so beautiful. Showing all of @markminervini 's confirmations. This has BIG potential considering how strong it is coming off these bear market lows.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$ARGX is shaping up with a solid @markminervini VCP VCP footprint 24W 3T 17/6 Right side is already tight (single digits) but would prefer a crisp entry point Accumulation throughout the setup (especially weekly) Base on base = a lot of time basing —> could be explosive
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
4 months
It will be difficult to maintain a positive outlook on trading and have long-term success if you place too much emphasis on winning in terms of results. Each day I try to train my mind to view winning in terms of whether I prepared well & stuck to my plan/rules. That's winning.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Still a difficult market for low risk directional traders. Not having any traction to speak of in my personal portfolio yet. However it is possible with a few days on consolidation in the indexes that pivots will form on individual names. If that happens, I will surely press it.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
4 months
Trading is a realm that requires unique behaviors and thought processes to succeed and everyone has to go through this learning process to become profitable. You have to adapt in this game or you will fail. The quicker you adapt, the sooner you can realize your potential.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
9 months
Tight areas for tomorrow $TAST $CMPR $FLR $PLTR
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$TMCI reminds me a lot like this $SWN chart in @markminervini 's Trade Like a Stock Market Wizard. Failed breakout, then shakes out the low of the base and is now resetting right at the line of least resistance The big down day on 11/15 is a bit concerning tho, I may just watch
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
Seeing a number of young growth names being accumulated up the right side: $CFLT $MNDY $DT $DV $LI $U $UBER $DKNG $PATH $SNOW $PCOR $DASH $DOCN $SMAR $BSY $BLCO $FOUR $COCO $CRSR $MBLY $AIRS $SDGR $DUOL $PLTR $EVLV $PGNY $IONQ $LTH $RELY An excellent sign for future opps 🔥
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
@1charts6 $RIVN actually outpacing early stage $TSLA deliveries
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
Reviewing trades from earlier this year and had this tweet from @mardermarket saved at the bottom of my trading journal. Big truth to this. His wisdom is missed
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
I annotated the $FLEX chart below to explain how I handled the trade This stock is acting PERFECT Joining MPA was the greatest professional decision I have ever made. I have trained myself to thinking exactly like @markminervini & it has served me very well in this environment.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
2 years
$FLEX tightening up near line of least resistance. Significant buying imbalance here. Virtually no distribution days throughout the uptrend/basing period. Weekly is also VERY interesting. This is the type of setup that could make an explosive move.
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@MichaelWalstedt
Michael Walstedt, CFA
@MichaelWalstedt
1 year
$SWAV 70%+ sales growth AND triple digit earnings in each of the last 4 quarters. Super tight price action on the right side of a big cup with handle and volume drying up. Textbook
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