Trading on Momentum: Advanced Techniques for High Percentage Day Trading
$11.37
| Author(s) | |
|---|---|
| Pages |
286 |
| Format |
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| Published Date |
2001 |
Trading on Momentum explains how to take advantage of these new market dynamics by trading stocks based on market momentum rather than traditional valuation methods. The resulting model shows traders how to recognize when the market is changing, determine what is changing and why, then instantly adapt their methods accordingly.
Introduction:
Trading on Momentum is divided into three main parts. Chapters 1 through 3 cover the basic concepts of the market as well as the tools of the trading game that you must be familiar with to level the playing field with seasoned professionals. You will learn about Market Makers, online teaching forums, and order-routing methods.
The next section, Chapters 4 through 8, is an in-depth look at momentum, its root causes, and key factors in identifying who the market players are behind it. By understanding who is responsible for the momentum and the psychology behind the forces that push and pull on the market, you will then be able to spot predictable momentum patterns.
This section explores several niche patterns that tend to repeat themselves over and over again in certain market conditions. You will also learn to spot certain stocks, called indicator stocks, that tend to lead the movement of the general market and give you an edge on what the market is about to do.
Chapters 9 through 14 examine specific methods, rules, and mindsets that are an absolute necessity for every successful and profitable trader. It explores how the time of day you trade is just as important as how you trade and how to create the proper mindset to ensure you do not fall for the most common pitfalls that take most traders out of the game.
Contents:
- Tools of the Trade
- The New Market Momentum
- Predictable Momentum
- Predictable Patterns
- Indicators
- Market Dynamics
- Tracking
- Time of Day
- Identifying Trading Opportunities
- Rules of a Trader
- Personal Accountability and Trading Attitude
- Momentum Investing
Trading on Momentum: Advanced Techniques for High-percentage Day Trading By Ken Wolff pdf
5 reviews for Trading on Momentum: Advanced Techniques for High Percentage Day Trading
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Travis Pratt (verified owner) –
I was excited! Ken Wolff’s book had just arrived, it was Friday and I had a weekend with no plans. I read the entire book by Sunday night, and after I finished it I was just as excited.
Why the cheerleading? Well, I started daytrading 2 1/2 years ago and after one year I had lost $60,000. I stumbled into Ken Wolff’s web site and now, 1 1/2 years later my 60 grand is back in the bank with a very tidy profit to boot. How did I do it, you ask? By using the techniques Ken Wolff has outlined in this fine book. It is that simple.
This is a serious work for the person who is willing to take daytrading seriously and to work really hard at it. While Ken Wolff is a really fun guy, and a joy to trade with, he is dead serious about what he is about in this fine work. This not pie in the sky theory, this is a practical nuts and bolts primer, proven every day by Ken Wolff, and all of us that trade with him. Momentum trading simply works. I am living proof of it.
Malik Zimmerman (verified owner) –
Half through the book I realized what a bad investment I had made. I bought the book looking for something more advanced than the hundreds of introductory books on trading, but with great disappointment, because it is 274 pages of NOTHING!.
Ariyah Gregory (verified owner) –
A little history goes with my review, inthat Mr. Wolff also runs a trading room, (MTrader), which I traded in about a year after I began trading. After a short stay at MTrader, I left, simply because I believed that adhering to the patterned strategies of Wolff were a bit too involved and things had to be simpler and faster. That was a mistake and after about a year of alternating trading styles, different strategies, indicators, software, etc., I happened on Wolff’s book and out of curiosity, ordered and read it.
Plainly stated, what moves stocks is news about what a stock has just done, is about to do or is expected to do and the relative expectations of the investors and traders focusing on that stock. Wolff has studied news related momentum for years and is what I would securely describe as a master of expectation and price movement potential. There are a number of successful traders out there who cut their teeth on his schooling…a few went on to try there own trade site.
The methods are plainly and simply explained and in themselves, not difficult. Perhaps because of this truth, others may dismiss it, however, if you read this book and think about it, you come to one glaring fact…and that is Mr. Wolff explains momentum trading methods that are based on logic of predictable reaction to news related momentum….there are no lagging indicators…complicated formulas…just logic.
The difficulty is the patience and discipline one needs to apply in adhering to and application of the information.
One more thing…I’m trading at MTrader again because with everything else I’ve tried and I believe I’ve tried about everything…I found no consistency…I was either burning-hot….or stumbling. Here, I have found consistency that anticipates what a stock will do based on it’s news and the market/sector sentiment at that moment.
Highly recommend this read. I hesitate to state this, but would also suggest after reading the book, you try a week trial at the site to see what you read happening…it would be helpful. Or I suppose if you want to save some money, drop by the site for the trial, (it’s free) and decide before you buy if it allmakes some sense to you…
Good Trading!
Anakin Bryan (verified owner) –
This book lacks substance, lacks detail and is merely an exercise in self-promotion. If you want to learn to daytrade professionally, get “The Undergroundtrader.com Guide to Electronic Trading”…
Wolff’s book is nearly as crass as his online chatroom, which suggests buying against the trend, in violation of the primary rule of trading: “Trade with the Trend”… there are many better daytrading titles on sacredtraders.com.
Meredith Thornton (verified owner) –
Momentum stock trading can be one of the fastest and most lucrative ways to make money in the market. This book has good strategies that can help you in your trading efforts but I think it needs to get updated for the benefit of the readers.
We as traders need to constantly keep reading and testing setups and strategies because that’s the only way to stay sane and profitable in this business. Fortunatly the internet has some pretty good places where you can gather great information and keep updated with profitable techniques. Some of those websites that I have found to be worthy when it comes to trading momentum stocks is MomentumStockTrading dotcom
When it comes to momentum trading the one thing that we need to keep in mind is that the market will present us with trading and investing opportunities all the time. Not all of them are good enough to consider or even look at. That’s why it’s vital to know what kind of setups and factors to look for before you enter the next trade.
Once you understand, test and master those setups and factors you can aspire to take advantage of hot stocks consistently either in premarket, market hours and after hours every week.