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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?

To: Ken Wolff who wrote (2025)	9/29/1999 4:51:00 PM
From: Ken Wolff	Read Replies (2) \| Respond to of 2120

Hi Gang: Many of my members are confused about how to play this changing market and are realizing the importance of understanding market dynamics to enable you to change with the market. First of all many rely on charts which in a changing volatile market is not quite good enough to swing with the market short term swings. You must learn to understand the basics of momentum and if you don't your money will be in jeopardy. We as daytraders rely on a consistent market that gives us time and has enough energy to the upside to allow gains beginning at 1/2 pt and upward. It is funny because the news media keeps reporting we are after 1/8 and 1/4 pt quick profits and nothing can be further from the truth. That was the in the old days of the SOES Bandits and darn few pros are doing that today. I really enjoyed meeting many of you at the recent Daytrading Expo and feel the urge to get REAL information out to struggling daytraders who are being sold a bill of goods. You are being forced into buying too many stocks and watering down your profits so you need a big portfolio to be able to accept 5% returns per month. I will be beginning a talk on Market Dynamics to get as many up to market speed as soon as possible so look for some topics starting from the beginning from me. As always, I welcome your comments and contribution. Ken Wolff www.mtrader.com