About

I am a part time trader who has been actively trading since 2005. Like many traders, I first learned about the stock market by reading ‘How to Money in Stocks’ by William O’Neil, and subscribed to IBD. I then discovered Dan Zanger, a William O’Neil disciple who turned an account of just under $11,000 into $42 million in the late 90’s. I studied under him via his newsletter and chat room.

In early 2008, I decided to venture off on my own, and through my own research, find the momentum stocks that are setting up for big moves. To stay disciplined, I am posting my picks and market commentary on this blog. You can follow along by reading the Momentum-Trader Report, which I post Sunday-Thursday night, except when there are no new trades ideas. In that case, I will usually not post. The report is absolutely free. I have also added some educational resources to help traders who are just starting out.

As a momentum trader, I trade stocks that are showing signs that they are about to make a big move in price. This is done by looking at volume and price patterns as well as other technical indicators, and buying the stock as it breaks out of a consolidation pattern on heavy volume. I want to get in just as the stock begins its surge, and get out before the surge ends. To put it simply, I buy high and sell higher. The hold period can last anywhere from a couple of minutes to a couple of weeks, depending on market conditions. I am only interested in catching a portion of the move. This quote pretty much sums up my trading strategy:

I will tell you my secret if you wish. It is this: I never buy at the bottom and I always sell too soon. – Baron Rothschild, Reminiscences of a Stock Operator

I don’t make any promises with my picks and comments. Trading is tough business and very risky. Please do your own due diligence. Check out the FAQ and Trading Rules for more information.

-Mo-Trader