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 (1878)	3/21/1999 9:30:00 PM
From: Randy Majors	Read Replies (2) of 2120

Ken As I understand it from some of the info on your website, some of the methodologies you use involve timing short-term tops and bottoms of momentum stocks. Isn't that pretty risky? For example, in a buy situation, I have found it more effective to wait for the "bottom" to start turning up slightly (on high volume, with Level II looking "right"), and then to buy at the ask, and then moments (or minutes) later to sell at the ask (before the upticking has slowed too much). While this may slightly diminish my % gain on each play, it sure seems safer than thinking I've found the bottom, just to have the stock slide very quickly further down... Thoughts on this?

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