Editorial Reviews
Product Description
On today's Nasdaq, volatility and 100 point intraday swings are the norm. Trading on Momentum explains how to take advantage of these new market dynamics by trading stocks based on market momentum rather than traditional valuation methods. The resulting model shows traders how to recognize when the market is changing, determine what is changing and why, then instantly adapt their methods accordingly.
Detailed charts and graphs illustrate day trading strategies for quickly identifying market changes, then getting in and out with a quick profit. Traders of all types can turn to Trading on Momentum for pointers on how to:
* Determine market dynamics by tracking movement and watching the day's behavior
* Confidently identify short-term market tops and bottoms
* Master momentum techniques including gainers, dumpers, and gap plays
Trading on Momentum utilizes detailed charts, graphs, and examples to outline and explain the dynamic trading method called momentum trading. Beginning with the basics, then progressing to the advanced methods, psychological factors, and unique tools of the successful momentum trader, this guidebook gives traders the information they need to incorporate momentum techniques into their trading arsenals. A step-by-step guidebook for quickly identifying market turning points­­then getting in and out for a quick profit­­Trading on Momentum discusses:
Tracking stocks and analyzing their trading patterns­­thereby replacing guesswork with solid research and knowledge
Preparing properly for the open­­when the day's best trading opportunities consistently occur
Using the Level II Time of Sales Ticker to determine the strength of the trend in a particular stock
Understanding which news stories will propel a stock upward or downward­­and trading each end of the oscillation
Methods to tailor your trading style based on historic, verifiable time-of-day trading behaviors