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: Rashid Garuba who wrote (132)	1/10/1998 5:03:00 PM
From: Ken Wolff	Read Replies (1) of 2120

Rashid, Sometimes trades do not make much sense as you never can tell the mentality of the traders behind a stock's momentum. I always go with the flow and attempt to determine the Market's current (like a river's flow). For example, the Market was very negative yesterday (Friday) but we caught two excellent trades on AAPL and SPLN as I noticed them swimming against the market current. We shorted them at the high for two dollars on SPLN and over a dollar in profits on AAPL. I never attempt to make sense on any trade. I just GO WITH THE FLOW and allow the market to bring high percentage trades to me. Ken mtrader.com

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