Mr. Charts
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Here's why I trade momentum shares.
Obviously this does not mean that you don't trade safely, it means you seize the opportunities the market offers and control your position with great care.
Long on the X hairs as AMZN, trending strongly, went back above 59.
I exited at the time of the screen shot a few minutes ago for +$3.56, that's $3560 profit for a 1000 share size although again I'm training my brother so only 800 shares = $2848
This is the name of the game.
Momentum = more profit.
Lack of movement = reduced profits.
There are many ways to make money in the market.
Nothing is right or wrong as long as it works and suits your personality.
Richard.
Obviously this does not mean that you don't trade safely, it means you seize the opportunities the market offers and control your position with great care.
Long on the X hairs as AMZN, trending strongly, went back above 59.
I exited at the time of the screen shot a few minutes ago for +$3.56, that's $3560 profit for a 1000 share size although again I'm training my brother so only 800 shares = $2848
This is the name of the game.
Momentum = more profit.
Lack of movement = reduced profits.
There are many ways to make money in the market.
Nothing is right or wrong as long as it works and suits your personality.
Richard.