Hot Stock Pick. How to trade momentum stocks with ease and simplicity
Added: (Fri May 20 2005)
Pressbox (Press Release) -
Momentum day trading is all about making buy and sell decisions in a sharp way. When you make a trade either your going to lose money or your going to make money, and some other times you will break even. When you win some body else will lose and so forth, but that's NOT what's important.
The most important aspect of momentum day trading is the knowledge FILTER you employ to make your buy and sell decisions. There are many "fantastic" hot stock system s outhere, but you need to test them in order to discover which ones help you the most. That's part of your homework as a daytrader. Test, test and test again.
Complicated stock tradng systems and strategies that rely on a "boat load" of technical analysis indicators can make you slow, and being slow in this game can be as dangerous as not knowing what to do in the first place.
I think the worst thing that can happen to a beginner daytrader is to get information overload. It's better to go step by step, and test a simple strategy that can show you how to focus on concrete ways to make money by trading hot stocks.
Fortunatly there are some good sites on the web today that can show you how to trade in a practical and effective way. One of those sites is Sahrp Trades http://www.sharptrades.com
In the end, momentum day trading is all about buying and selling according to your knowledge FILTER. Once you master and follow youre proven filter parameters like a sharp clock, you can expect to start making serious amounts of cash on a consistent basis.
Find out how to do it in a proven way at