Free Download Trading on Momentum by Ken Wolff
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Volatility and intraday fluctuations of 100 points are common on today’s Nasdaq. By trading equities based on market momentum rather than conventional valuation techniques, Trading on Momentum teaches how to profit from these new market dynamics. The model that emerges teaches traders how to identify market shifts, identify what is happening and why, and quickly modify their strategies in response. Day trading techniques for promptly spotting market shifts and exiting the market with a profit are demonstrated via intricate charts and graphs.
For guidance on how to: * Identify market dynamics by monitoring movement and the day’s behavior; * Identify short-term market tops and bottoms with confidence; and * Master momentum strategies such as gap plays, dumpers, and gainers, traders of all stripes can consult Trading on Momentum.
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From the rear cover
Strong Techniques for Deciphering and Making Money from the Predictable Laws of Market Momentum
Many active traders have been severely impacted by recent market fluctuations, which have also highlighted the risks associated with exclusively using conventional valuation techniques. An unconventional, tried-and-true method for capitalizing on rapidly shifting market conditions and trading equities based on observable market momentum rather than shaky fundamental characteristics is revealed by Trading on Momentum.
Momentum traders are able to recognize when the market is shifting, identify the characteristics that are changing, and quickly modify their strategies to capitalize on those shifts. Regardless of your trading preferences or background, you can utilize these low-risk, high-percentage methods and strategies to:
- Track movement during the trading day to ascertain market trends.
- Recognize and respond to short-term market tops and troughs with assurance.
- Learn momentum strategies such as gap plays, dumpers, and gainers.
One of the most straightforward and accessible ways to make money nowadays is still through day trading, but only if traders has the skills and expertise to spot and seize fresh chances as they arise. One such chance is trading on momentum, which describes strategies for interacting with the markets rather than fighting them to identify and take advantage of the profit possibilities that present themselves throughout each trading day.
“Expert momentum traders take advantage of trends that frequently recur. A skilled momentum trader can initiate a trade as soon as the momentum is beginning and exit, sometimes minutes or seconds later, as the momentum slows and turns, thanks to their ability to identify the underlying causes and the indicators that a pattern is likely to repeat itself. It generates opportunities for enormous gains that are not accessible to investors or long-term traders by riding waves of constant momentum.
From the Outset
Literally half of all trades that are performed during any given trading day have the potential to yield gains right away. The trading momentum, not each stock’s fundamentals, is what changes in the instants after the trade. Traders can significantly raise their percentage of profitable transactions every second of every trading day if they know how to identify and capitalize on this momentum.
Trading on Momentum describes and explains the dynamic trading technique known as momentum trading using thorough charts, graphs, and examples. Starting from the fundamentals and moving on to the more complex strategies, psychological aspects, and special tools of the profitable momentum trader, this manual provides traders with the knowledge they need to add momentum strategies to their toolkits. A comprehensive manual for promptly spotting market turning points and entering and exiting for a speedy profit, Trading on Momentum covers:
- Monitoring stocks and examining their trading trends to replace conjecture with thorough investigation and understanding
- When the day’s best trading opportunities routinely arise, being well-prepared for the open
- Utilizing the Level II Sales Time Ticker to assess how strong a given stock’s trend is
- Knowing which news items will cause a stock to rise or fall and trading at both ends of the oscillation
- Techniques for customizing your trading approach according to historical, substantiated time-of-day trading patterns
Stocks typically move in waves, oscillating both up and down. There is nothing new or noteworthy about this information. The capacity to precisely monitor and forecast these movements and make money in both directions is novel. By using clear history and observation, trading on momentum will provide you with the means to consistently profit from the market’s natural movements while letting others handle the guesswork and luck.
Concerning the Writer
Mtrader.com is the first online educational chatroom service for day traders, and its founder, president, and head trader is Ken Wolff. He coauthored the CD-ROM course Mtrader Interactive Day Trading and wrote the well-known online workbook Momentum Investing.
RealityTrader.com’s founder and CEO is Christopher Schumacher. He used to be Mtrader.com’s head trader.
Mtrader.com was co-founded by Jeff Tappan. He has extensive experience finding and recommending small-cap stocks.
