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 (1896)	4/13/1999 5:41:00 PM
From: Ken Wolff	Read Replies (3) of 2120

New traders often confuse the perceived value with the real value of a stock they are trading. We as daytraders do not really care about a stock's real value. That is left up to the long term investors who are trying to make 30% in the market per year. Daytraders cannot exist on that low of percentages. REAL VALUE is the stock price to earnings, the expected earnings, the assets and cost controls, the management, etc. -- all of which makes very good sense. But daytraders trade based on "PERCEIVED" value. The difference is: perceived value by definition implies forces behind the scenes that make up the price of a stock. The forces we deal with are: 1. Institutions 2. Fund managers 3. Online amateurs 4. Daytraders The perception behind a stock can have HUGE moves if all the above energies get in line and decide to buy a stock at the same time. The movement of those stocks are what constitutes the "meat" on our plate. cont... Ken www.mtrader.com

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