Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Ken Wolff who wrote (2022)	8/29/1999 12:56:00 PM
From: Ken Wolff	Read Replies (1) of 2120

(cont..) Normally the market is easiest to trade for me if the stocks all behave in a similar pattern right from the open. I will group my best first day gainers together and then my 2nd day gainers that show continuing momentum and the average action of those groups will give me a very fast and accurate indication of the market action as a whole. Uniformity is very important for me with these groups. I will many times be forced to group them together mentally as the market opens because the expected pace and volume may simply not be there with many stocks in the group. These stocks I have to ignore which becomes more difficult and is the reason I need to be able to watch as many as 20 to 40 stocks on my level I quotes -- the more I can watch the better my calculations will be. (cont..) Ken Wolff www.mtrader.com

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