BY http://www.MomentumStockPick.com

We all know that in the stock market is always possible to watch certain stocks go up more than 100% within a few hours to days. This is especially true in the 4th quarter of the year where the buying frenzy starts in wall street.

The financial media constantly reports about momentum stocks that are achieving tremendous gains during the same day. And even when you can see online investors that make $5000 on a single trade, it is also not unusual to watch beginner stock investors lose a great deal of money because of a series of unwise decisions

The problem is that if you don’t know how to pick among stocks & how to properly approach them you could end up wasting dollars instead of making your wallet happy. You can’t just trade stocks like if you where gambling in Vegas.

The first step in becoming a profitable trader is to start learning how to pick and trade stocks. There are many “ultimate” trading systems out there, but you need to test them in order to discover which ones help you the most. That’s part of your homework as a stock trader. Test several strategies and then test them again until you are able to produce consistent winnings.

Bogus stock trading software programs and complicated day trading systems that rely on a “boat load” of technical analysis indicators can confuse you and make you slow, and being slow when trading stocks can be as dangerous as not knowing what to do in the first place.

The worst thing that can happen to a beginner stock market trader is to get information overload. It’s better to go step by step, and test a practical trading strategy that can help you focus on simple ways to make money while picking SOLID hot stock trading opportunities once at a time.

In the end, stock trading is all about buying and selling 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.

Fortunately some websites on the internet can show you how to use effective and proven stock trading strategies. One of those sites that can show you how to take advantage of hot stocks using simple to understand and apply momentum trading strategies is MomentumStockPick.com

Visit them today & discover how to profit in the stock market by picking hot stock trading opportunities in a realistic way every week.



By: Michael Hudson

About the Author:

Momentum Stock Pick helps stock traders & investors take advantage of hot stock trading opportunities in a practical way every day at http://www.MomentumStockPick.com



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daytrading
Michael Hudson wrote:


By: http://www.MomentumStockPick.com

In the stock market it’s not impossible to watch a stock rise up more than 100% in less than one hour on a good momentum day. The stock market news constantly reports of momentum stocks that are breaking out & achieving tremendous gains in a matter of hours. And even when you can see traders that make $3000 on a single trade, it is also not unusual to watch beginner traders lose their shirts because of a series of unwise decisions

The problem is that if you don’t know what stocks to look for and how to properly approach them you could end up wasting cash instead of making your profits grow. You can’t just trade stocks like if you where gambling on a casino.

That’s why the most important aspect of stock trading is the knowledge FILTER you employ to make your buy and sell decisions.

There are many “fantastic” stock systems 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 stock trader. Test, test and test again.

Bogus stock trading software programs and complicated day trading systems that rely on a “boat load” of technical analysis indicators can confuse you and make you slow, and being slow when day trading stocks can be as dangerous as not knowing what to do in the first place.

The worst thing that can happen to a beginner stock 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 simple ways to make money while picking SOLID hot stock trading opportunities once at a time.

In the end, stock trading is all about buying and selling 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.



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Phillip Hatley wrote:


There are many penny stock trading rules that should be considered before venturing into the penny stock trading arena in order to avoid loss of trading capital.

The most important of these rules is only trading penny stocks with funds that will not hurt you financially. It cannot be stressed enough that emotion plays a very large part of the decision making process when trading. Emotion is the number one factor that creates losses when trading.

Hardcore veteran daytraders spend years implementing a trading system that removes emotion from the trading process, knowing all too well how emotion can affect the decision making process when deciding entry and exit points when placing trades.

This is why so much emphasis is placed on trading only with money that can be afforded to be lost without causing financial distress. If the the trader only uses expendable capital for trading, it reduces the amount of emotion involved, therefore removing irrational decision making in trading.

There is talk among traders as to how much of your trading capital should be used for each individual trade. Many traders believe that one percent of total trading capital should be used for each individual trade with others saying five percent or more. Usually this is a question that should be answered by the trader himself with five percent of total capital being the maximum amount used for individual trades.

One aspect of trading that many potential traders show little concern for, is developing a trading system that works for them that is designed for their style and risk tolerance. Developing a system can require many hours and days of testing and retesting, but with the proper amount of research and testing, a system can be designed that will make the trader both successful and profitable.

The major reason for success when a trading system is developed, is the fact that the system is entirely mechanical and removes emotion from the equation. Risk management being key when developing a successful trading system.

There are many different charts and indicators that can be used for a trading system but simplicity has always been the hallmark of successful trading systems. Finding two or three indicators along with the chart style of choice is usually all that it is needed.

Overloading a chart with too many indicators will not only confuse the trader, but can also produce conflicting data since all indicators use different calculations and formulas. Simplicity can not be emphasised enough when keeping indicators at a minimum in a trading system.

Penny stock trading is not for people with scared money or little experience in the stock market. Penny stock trading requires experience and knowledge of the small cap markets. Huge gains can be made in penny stocks but more times than not, money is lost by people willing to gamble and not learn to trade the penny stock market.

Greed is a powerful motivator and is a a human emotion. As stated above, emotion has no place in a traders plan for success, Hope and greed have destroyed more brokerage accounts than any downturn in the market. Every year more and more people open online brokerage accounts with hopes of hitting the proverbial home run, only to walk away with empty brokerage accounts and disillusionment.

Developing a trading system that works can only be found by hard and dedicated work by the trader with the discipline to adhere to the rules implemented. Not unlike the airplane pilot who learns to trust his instruments rather than what his head is telling him, in the end possibly saving his life. Just as a successful trading system can save a traders financial life to live another day.



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Miji wrote:


Thanks.

How to Lose Weight
Trading
abcd wrote:


I want to start virtual trading but am a beginner and know nothing about the stock market, but think a competitive game would be fun, particularly if it pays at the end. Can anyone tell me about a virtual trading game that isn’t too scary for beginners?

daytrading
Todd wrote:


I’ve been investing and swing trading for years. For the past few months I’ve started daytrading with a prop firm. It’s a tough game, but I’m starting to figure it out. Started out position trading on fairly slow stocks like GE, but I actually do better on faster stocks. I’m pretty much a pure scalper. I was trading XOM but it was a bit too volatile. Then I found BAC and I was in heaven! I hardly even used charts, I just scalped it over and over looking at the Level 2 quotes. Unfortunately, the new SEC rules limiting short selling apply to this stock, and I don’t want to stay with a stock I can’t short. So my question is, does anyone know some stocks similar to BAC for scalping, moves fairly fast with nice big candles, but not all over the place like XOM? Also, it must be an S&P500 stock and do over 8 million shares of volume daily. Serious answers please, don’t bother telling me I’m a fool for daytrading because I’m already committed to doing this.
To Googie:
One of us needs our head examined! I’m just asking any other scalpers for some suggestions! I’m looking for stocks that trade AT LEAST 8 million shares daily! What, are you worried that I’m going to steamroll you with my 300-500 share line? Get some friggin’ perspective, dude! I’ve given other investors and traders plenty of advice on stocks I’ve traded in the past. I never seriously worried anyone on these boards was going to take that info and ***** me out of any money. If you’re worried about that, you are truly paranoid. I’m not asking for any insider information, or anything like that, for Christ’s sake!

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daytrading
Mostafa Soleimanzadeh wrote:


In this article I compare these two methods of forecasting in the stock market. I give the reasoning that why technical analysis is superior to fundamental analysis.

As you know, technical analysis concentrates on the study of market action, and fundamental analysis concentrates on the economic forces of supply and demand that cause price movements.

Fundamentalists try to determine the intrinsic value of the stocks. They examine all factors that affect on price. If the intrinsic value is under the current price, fundamentalist sells the stock because stock is over priced. If price is below the intrinsic value then market is undervalued and should be bought.

Fundamentalists study the cause of market movements, but reasons of movements aren’t important for technicians. Technicians believe that the price reflects the effect of all events that make change in price. Therefore study of price action is all that they require.

Most people use both technical and fundamental analysis to trade. Many technicians have basic knowledge on fundamental approach and many fundamentalists have basic knowledge on technical analysis. But, most people have more interest on one method.

Why Technical Analysis

Fundamentalists must find the reasons of price movement. Sometimes this act is very complicated; there are so many factors that make change on price such as political, psychotically events and so on. To trade the fundamentalist must study and research tremendous amount of data that takes so much time and effort.

Technical analysis is Flexible and Adaptable

You can apply technical rules to every market either stocks or futures or any other market. The technician easily can follow many markets in the same time. This is a great strength because you can catch big movements in each market.

Trading in different Time Dimensions

You can use technical rules for daytrading, swingtrading, long term trading and etc. rules are the same you only change time of charts. Some people say technical analysis is only suitable for short term trading, but it is not true. Using weekly and monthly charts that refer to several years has proven the strength of technical analysis for long term trading.



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Trading
Jayfin Omega wrote:


What are the rules on day trading in a futures account? I understand that I have to have a minimum of 25,000 dollars in my account if I am a pattern day trader in a stock account. Does this same rule apply for a futures account?

daytrading
Joseph G wrote:


mainly i want to know if there are alot of people out there that do make a living at this and how much it took to get started. What was the worst loss they took. what kind of connection to the net did they use. what speed of computer did they use. What to look for in a daytrading firm. I would like to daytrade.

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daytrading
The Daydreamer wrote:


i’m new to investing so any help would be greatly appreciated. thanks.

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