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I am starting this thread because MOST people have three types of trading. Longs, BTS, and momentum. I personally have 25% investment capital in longs (which are forget I own stocks); 50% in BTS where I take back my intitial as soon as I can and buy on dips and sell on peaks accumulating more shares with each dip and let the peaks sells create the revenues to do this with; and of course the rest for momentums which I use to support the other two arms to build a strong portfolio. Momentums are purely renevue generators and nothing more. Stocks go up and stocks come down might as well try to follow them.
The Main reason for this thread is we need a thread that is dedicated STRICKLY to momentums trades for the OTC arena. SO when you post please state WHY you believe it will rise other than just a ticker. Example: NEWS coming, VOLUME up, News out contract signed, CAT is running off with the DOG. I don't care something BUT make it factual..
Regardless of what people say this type of trading exist and that is all there is to it. So why not clean up the other threads and put it here where the people who are looking for a momentum can find it.
Sometimes those holding long term stocks resent people momentum trading them because in a sense it rips the stock and kills its credibility not to mention it kills a chart analysis on it. They have a good reason for being angry about this type of trading however it does exist and will continue to also. So here is a thread where it is obvious what is going on. I am creating this thread to try to do the following:
1.) Discuss principals on how to do momentum trade and NOT lose your shirt. There are a lot of traders very savvy on this type of trading that maybe will share their secrets on how they do it successfully.
......... charting, ..... volume vs Price .........etc.
2.) Find stocks about to move or on their first day of movement.
3.) News chasers (Buy on rumor sell news and gaps)
ETC. ETC. ETC.
4.) Clean up other threads where people that are long can talk about the fundamentals and what not with out interuption.
WARNING: If you do not know how to momentum trade please practice it without money before you try it. Knowledge is the key, principals are the way and common sense makes money. Now this is the most dangerous and risky type of trading there is. You can lose every dime you invest in a flash. ALSO if you lose money or get in at the top it is NO ONE's FAULT but your own.
Please do your own DD and REFRAIN FROM HYPING AND FALSE INFORMATION. YOU WILL GET FLAMED!!! NOR GET IN & GET OUT FIGURES OR THE RIDICULOUS ~BUY BUY BUY~ OR ~YOUR MISSING THE BOAT~ OR ANY OTHER RIDICULOUS HYPE. FALSE INFORMATION IS AN SEC VIOLATION REGARDLESS OF IF IT IS YOUR OPINION OR NOT. DECEPTION IS DECEPTION FOR PROFIT.
Also if a stock is posted please understand that the person posting could already be in it. So watch yourselves and NEVER INVEST MORE THAN YOU ARE WILLING TO LOOSE!!! PENNY STOCKS ARE A GAMBLE WHERE THE ODDS ARE NOT IN YOUR FAVOR!
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