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

To: WEBNATURAL who wrote (1317)	7/29/1998 8:00:00 PM
From: Ken Wolff	Read Replies (2) \| Respond to of 2120

Thanks everyone for your interest!!! I will try to spend more time on this thread and will post "snipets" from my daily lessons. Hope you will find them useful :-) PS: I want this thread to focus on Momentum Daytrading Techniques only. Please take off-topic discussions to other threads. Thanks! Let's begin... Ken www.mtrader.com

To: WEBNATURAL who wrote (1317)	7/29/1998 8:04:00 PM
From: Ken Wolff	Respond to of 2120

PATTERN HISTORY If one do not know the HISTORY governing a particular pattern, he should track it diligently until he gets an idea of the percentages with which to invest by. For example, with DUMPER STOCKS, I like to know the answers to these questions: 1. What do they USUALLY do on the day of the dump? 2. How many bottoms do they USUALLY make on the day of the dump? 3. What do they USUALLY do at the end of the day they dump? 4. What do they USUALLY do on the open after the day of the dump? 5. What do they USUALLY do after the first sell off on the second day? Answering these questions allows me to pattern momentum stocks Ken www.mtrader.com

To: WEBNATURAL who wrote (1317)	7/29/1998 8:24:00 PM
From: Ken Wolff	Respond to of 2120

BREAKING THE CYCLE I often find that traders miss the early trades then gain courage later and attempt trades at a "low percentage" time of the day... Then after the market closes, they kick themselves promising to play the trades properly and aggressively the next morning... Then fear gets them as the day is unpredictable and they miss the early trades again... Its very tough to break that cycle!!! The only way to break it is TEACHING... You must learn until you get experience in the market and soon trades will begin to "POP" out at you. They will beg you to jump in and you will and winning becomes easier. The mystery of the market will disappear. You will soon look back and wonder why you were so scared... but if you jump on "low percentage" unpredictable trades you will only gain in fear as you lose.. You are to gain experience in "WHAT WORKS"!!! Ken www.mtrader.com