Stocks move in sharp momentum bursts of 3 to 5 days. During this burst move stocks make 8 to 40% move.
If you study this phenomenon and understand it and develop trading methods to exploit it you can find hundreds of opportunities in a year.
If you study this phenomenon and understand it and develop trading methods to exploit it you can find hundreds of opportunities in a year.
Momentum burst moves are signalled by range and volume expansion. You can easily find stocks like these by running a scan for breakout.
Once you find a candidate like this you need to qualify them qualitative. Look for stock in established uptrend. Look for stock that has orderly pullback or consolidation.
If you want to make money trading , focus on momentum burst.
No comments:
Post a Comment