Comments on: Momentum Trader Report: 12/09/09

By: Momentum Trader Report: 12/14/09 by momentum-trader.com

Momentum Trader Report: 12/14/09 by momentum-trader.com — Tue, 15 Dec 2009 03:33:42 +0000

[…] WCRX was one that triggered, and offered another buy point last week. […]

By: Momentum-Trader

Momentum-Trader — Fri, 11 Dec 2009 05:34:29 +0000

This is something I am still working on, and why I don’t post real time trades, because I don’t want to reveal my mistakes. I used to use gut feel to sell, but that usually causes me to sell too early. It seems I have the best success trailing my stops under the 10 or 15 SMA. I prefer to use those as sell signals rather than use gut feel. I use these on both the 5-min and daily charts, depending on if I am day trading or swing trading.

In this choppy action, once thing I will do is take a trade using the daily chart. Once I get a nice gain, I lock it in by switching to the 5 min chart after a day or two, and trailing my stop on the 5-min chart below a moving average like the 15 day, or whichever MA that chart is showing as a possible sell sign.

By: Steve Kilinski

Steve Kilinski — Thu, 10 Dec 2009 18:30:45 +0000

Momentum,

I love the site & follow it often. I completely get your buy signals, which make a lot of sense, and I like how you use the market’s mood coupled with the signals of the stock to give you a better edge.

My question is what is your SELL signal? Oscilators? A % down on a day? Gut feel? etc.

Thanks,