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Matthew Monaco’s Exponential Growth and Incredible Week

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Written by Timothy Sykes
Updated 1/25/2023 13 min read

I couldn’t be prouder of Matthew Monaco’s exponential growth in the stock market lately.

Not too long ago, Matt celebrated his near $100K month in June 2020.* Now, he’s celebrating a near $100K week to start the new year off right.*

But this story is about more than the money he made in the market — it’s about how exponential growth happens to those who are prepared.

When he was a freshman in high school, Matt joined my Trading Challenge. And now in addition to hitting many big trading milestones, this kid who’s still a recent college grad has joined my team. Now he helps moderate the chat room, hosts webinars, and much more.

Learn from Matt’s story so you too can celebrate exponential growth, no matter the size.

(*These results are not typical. Individual results will vary. Most traders lose money. Traders like Matt and I have the benefit of many years of hard work and dedication. Trading is inherently risky. Always do your due diligence and never risk more than you can afford to lose. I’ve also hired Matt Monaco to help in my education business.)

From $100K Total Profits to Making Nearly $100K in a Week*

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Matt’s trading journey is an example of exponential growth in the stock market. Too often I see new traders think they need to make millions of dollars by tomorrow, but the best traders never get rich quick.

Not all that long ago I wrote a piece about Matt’s crossing the $100K milestone. He came off his best month ever at the time, locking in just shy of $100K for the month in June 2020.

Understandably he was extremely excited, but I kept reminding him to stay humble. While it can be important to shoot for milestones, I think it’s even more important to recognize that those are just the beginning for every trader.

And only six months after his first nearly six-figure month, Matt now locked in nearly $100K in a single WEEK.*

And if that’s not enough, he also had his personal best day in the first week of January 2021 at nearly $40K.

I’m so proud of him for achieving these great numbers. But the money is not the point.

Matt got here through the power of exponential growth. It’s the same as having a $1,000 month and eventually having a $1,000 week.*

But how did he do it and what can you learn from it?

New to penny stocks? Start with my free online guide here.

Comfortable Sizing for Matt Monaco’s Exponential Growth

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Exponential growth comes in all different shapes and sizes. Like I said, the number will be different for every trader — so try to not make it about the money.

Instead, focus on being the best trader YOU can be every day. I always encourage new traders to start small. When top trader Tim Grittani first started his trading journey, his wins and losses were under $100 per trade.* Now, he’s up over eight-figures in trading profits.*

Grittani’s another top trader who went through the Trading Challenge and now is a member of my team to host webinars and help mentor up-and-coming traders.

Exponential growth in the market comes down to sizing up as you get more comfortable with your process.

After honing his skills for over a year, Matt gradually grew his position size. It represented his confidence as a trader and in his ability to stay disciplined to his setups.

Maybe for you, that means risking $20 per trade.* For someone like Grittani or Matt, it might mean risking thousands of dollars per trade.

I keep using big and small numbers because I need you to understand exponential growth has nothing to do with the amount of money you make. It has to do with you growing as a trader.

You’ll learn to size up as you find a pattern and strategy you’re comfortable and confident with.

For Matt, that pattern is something he calls the ABCD…

Matt’s Favorite Pattern

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In the stock market, there are SO many ways to find consistency. There are endless patterns in the market.

And Matt’s go-to pattern isn’t necessarily one I teach. It works wonderfully for him, but it’s not one that works for me. And I only teach my Challenge students patterns that I know front and back.

So what’s Matt’s ABCD pattern?

In simple terms, it’s a stock that rips out of the open and pulls back. Sometimes that pullback is short and sweet, ripping back to new highs in a matter of minutes. Other times that pullback leads to an all-day consolidation where the stock tests and/or breaks new highs by the end of the day.

Matt enters his trades after the stock finds a low of the consolidation period. He says this gives him a well-defined ‘low’ to risk if the trade doesn’t work. And once it creates support, Matt enters as the stock finds a new uptrend out of consolidation.

Not every trade for Matt works. He’s not a market wizard. He wins about 56% of his trades according to his Profit.ly profile.

But when they work, Matt knows how to capitalize well.* It’s a skill he’s learned from a lot of studying and experience in the market — just like all my top students.

Matt also reports that when he helped me put together the 30-Day Bootcamp, he saw exponential growth in his knowledge…

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The Bootcamp can help traders of all levels better understand market basics, strategies, and patterns. Learn more about Matt’s experience making the Bootcamp here. And when you’re ready to get to work, start the 30-Day Bootcamp here.

Besides having found a pattern that works well for him, there’s something else Matt attributes his exponential growth to…

Hot Markets Are Your Friend

There’s no question that Matt’s success is a testament to his hard work ethic, but the hot market certainly helps.

When I first started trading in the late 1990s, I was fortunate to be in the right place at the right time. Everything seemed to be trending up. So with the right patterns, the moves were predictable.

I’m not saying the only reason Matt makes money is because the penny stock market is hot — but it’s how he’s able to find run after run.*

During this hot market, stocks can run farther and faster than during slow markets. Plus, with so many new traders in the market, there’s a lot more liquidity.

Combine those factors together and you see how Matt can take bigger positions and hold for bigger moves.* But again, he set himself up for that with years of studying, practice, discipline, and experience.

The Value of a Strong Mindset

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No matter how hot the market, your mindset is an important factor for your trading success.

When Matt passed the $100K profit mark, he was still relatively new.* But he worked his butt off for two years prior to the hot market, so when it came, he felt prepared.

Most new traders hate the idea of losing money while learning. It’s something I see so many newbies struggle to get over.

But it’s the price of learning how to be a consistent trader. Those with the strongest mindsets know that it’s part of the process.

And more importantly, Matt’s mindset is now stronger than ever. After finding initial success in the market, his mindset shifted from ‘I worked too hard to fail now’ to how can I make my next trade better?’

It’s a shift that every successful trader makes eventually. While I urge newbies to grow their knowledge accounts, I think traders like Matt should always work to grow their knowledge accounts too.

But maybe Matt doesn’t need to learn new patterns right now. His focus instead might be learning how to improve his mindset so he can stay sharp. It may be adapting when the market slows.

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When I talked to Matt about his crazy week, I asked him an important question…

How Will Matt Exponentially Grow His Mindset Moving Forward?

Matt was very clear with me when I talked to him — he’s mentally drained.

This market is tiring. I can say it’s one of the longest-lasting hot markets I’ve ever seen. So I understand why Matt’s feeling burned out.

He told me that he feels like he’s been going pedal to the metal for over a year straight now, and that’s affected his mentality.

But he also said he wouldn’t want to have it any other way. This is everything he worked so hard to achieve, and the pieces are finally fitting together.

Matt mentioned he took a couple of breaks during this hot market. They were mostly for personal reasons like moving to a new state. And he probably needed extra time to buy himself some couches.

For those of you who don’t know, Matt bought THREE couches with all his trading profits. I told him to chill out with all the couch purchases. He says he has a reason for it, but I still don’t get it. But if buying a lot of furniture is what keeps him sane, so be it.

Matt says the next big step for exponentially growing his mindset and knowledge accounts in 2021 will be from taking time away from the market when it slows down. His main goal is to travel — he even mentioned a possible trip to Europe when the pandemic settles down!

Grittani did something similar last year. He took off a few months to spend time with his family and relax.

And while I think this is a great way for Matt to recenter and refocus for whatever hot market comes after this, newer traders shouldn’t use it as an excuse to slack off…

How New Traders Can Grow Exponentially

matt monaco and jack kellogg golfing
Pictured from left to right: Matthew Monaco, Jack Kellogg

As a new trader, it’s key to remember that there are no days off. I hate to say it, but successful traders like Matt earn the right to take some time away.

That’s not because he’s better than anyone else. It’s because he put in the work before and earned the right to take time away from the market.

But that doesn’t mean he won’t put in work during his off-time (if he decides to take any). He’ll still watch the markets, review hot runners, and see what’s working in the market for when he comes back.

If you’re brand new to trading, or maybe struggling to find consistency, you can still grow exponentially. But don’t focus on building your account exponentially right now — it’s unrealistic and will build bad habits if you make money early learning the wrong lessons.

Instead, focus on building your knowledge account.

Education First, Profits Later

When Matt first started, he told me he’d spend hours a day reviewing charts of the hottest runners of the day.

It was more than just looking at a chart then moving to the next. He literally printed out pictures of every chart and took notes on their movements and how well different patterns worked.

And like most of my top students, Matt spent the better majority of his free time watching my video lessons, DVDs, and webinars.

What does this all mean? It meant he didn’t care about making as much money as he could — he knew that goal was unrealistic.

So he shifted his focus to learning the right tools, lessons, and patterns which eventually led to his insane $100K week milestone.*

I suggest all traders do the same thing.

It all starts with your education. Matt told me how fortunate he was to come across one of my ads while he was in his senior year of high school. That eventually led him to join my Trading Challenge by his freshman year of college.

He’s one of the most dedicated students I’ve seen in a long time, and I think this is just the beginning for him — as long as he stays humble and keeps doing the work.

Let Matt’s story inspire you and motivate you to find your own exponential growth as a trader. If you’re ready to put in the work, consider applying to my Trading Challenge to learn the same patterns that helped Matt find consistency in the market.*

But if you’re lazy and are only in trading for the money — don’t bother. I only accept the most dedicated students who understand that exponential growth doesn’t happen overnight.


Matt’s story isn’t a unique one among my top students, but it’s one every trader should strive for.

Exponential growth is so crucial in trading — especially during hot markets like this crazy bubble we’re in.

Learn to take advantage of these hot times in trading as we never know how long they’ll last. This is the best time to study and prepare for exponential growth of your own.

What’s your favorite part of Matt Monaco’s exponential growth? How are you doing in this hot market? Let me know in the comments below!

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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity. Read More

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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”