TO ALL - URL to Summary of "Momentum Daytrading - Tricks of the Trade"
Prepared by Irby
exchange2000.com >>>>>>>
wow, did I say all that...lol.... Irby is the man!!!
Electra, if you have not read the posts on the thread above, give em a shot.. that will describe many of my techniques.. I concentrate on what I know... I watch stocks that dump or climb greater than 20% with decent volume, that are not real slow movers, and are not real fast..... this is what I concentrate on...
Concerning News plays... NEVER jump on the bandwagon after it has risen... only play fresh news that shows little or no movement... only play the best stories... many in chat rooms simply follow the herd off the cliff as they see everyone yelling buying, buying... its gunna go...without ever knowing why a stock jumps, looking at the volume, or even if it is at the high of the day... I only play em if I catch the news fresh, it has not reacted yet or little. Yes, I miss out on alot of HUGE plays but I also miss out on alot of HUGE drops when low volume, top buying news stories take a quick turn for the death spiral... I am only interested in high percentage plays... I lay and wait for these only.
Know why you are in a trade, know where the stock is in terms of highs and lows, know the volume, AND know your entry and exit points...
Good Luck
Ken
www.mtrader.com |
