No Country for Bad Trades: Momentum

No Country for Bad Trades: Momentum

From Band of Traders - Together We Trade by China Shop Productions

June 12, 2026 · 52 min

About this episode

Cam and Joel explore momentum trading, its implications in the market, and strategies for taking profits.

In this episode, Cam and Joel go deeper into the force behind the Gap and Go strategy: momentum. Cam breaks down what momentum actually means in the market, why stocks can get repriced violently when institutions realize they were wrong, and how that repricing shows up through gaps, volume, and continuation. Using examples like AGL and HWM, they walk through why some stocks keep running long after most traders would have taken profits. The conversation also digs into the data behind momentum trading, including R multiples, maximum favorable excursion, Monte Carlo testing, and why a small percentage of trades can account for the majority of returns. They also cover one of the hardest questions in trading: when do you take profits, and when do you let the trade keep working? Later in the episode, Cam explains how he’s using AI, backtesting, and his own trade history to study momentum, refine his process, and better understand where rules end and human judgment begins. ⚠️ Best experienced on Spotify or YouTube - Cam is sharing charts throughout the episode. 👉 Join Cam’s trading community: https://whop.com/the-construct-trading/premium-trading-comminty?a=chinashopproductions…

People in this episode

Hosts: Cam, Joel

Topics covered

  • momentum trading
  • Gap and Go strategy
  • stock repricing
  • trading psychology
  • data analysis in trading
  • profit-taking strategies

Keywords

  • momentum
  • Gap and Go
  • AGL
  • HWM
  • R multiples
  • Monte Carlo testing
  • profit-taking
  • trading community

Mentioned in this episode

Organizations: AGL, HWM, AI, Monte Carlo, Spotify, YouTube, whop.com

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