Making Money ..... Understanding the Stock Market & Why Stocks
Go UP
In the stock market it's not unsual to see a stock go up more
than 15% in less than 5 minutes on a good momentum day. It could
seem that making money in the market is just a matter of buying
one of those fast moving stocks and riding them for profits. In
a way it is, but there is more to it.
The problem is, that if you don't know what stocks to look for
and how to properly approach them and simply leave everyting to
luck, you could end up wasting money instead of making your
profits grow.
That's why the most important aspect of momentum trading is the
knowledge FILTER you employ to make your buy and sell decisions.
There are many "fantastic" stock systems and trading strategies
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
stocktrader. Test, test and test again.
Complicated stock trading strategies that rely on a "boat load"
of technical analysis indicators can make you slow, and being
slow when trading hot momentum stocks can be as dangerous as not
knowing what to do in the first place.
The worst thing that can happen to a beginner momentum trader is
to get information overload. It's better to go step by step, and
test a practical stock trading strategy that can show you how to
focus on concrete ways to make money while picking SOLID hot
stock trading opportunities once at a time.
Fortunatly there are great sites on the web today that can show
you how to trade in a sharp and effective way. One of those
sites is Chat Hot Stocks http://www.chathotstocks.com
In the end, momentum trading is all about buying and selling
stocks according to your especific knowledge FILTER. Once you
master and follow your proven filter parameters like a clock,
you can expect to start making serious amounts of cash on a
consistent basis.
Find out how to do it with ease and simplicity at Chat Hot
Stocks.
http://www.chathotstocks.com