Momentum Day Trading Strategy
Trading Momentum and Locking Up Profits
The sun was shinning on us today in the Warrior Trading Chat Room! Another solid day with $2860 in profits by lunch time. I traded three momentum stocks, $AKAO, $BSPM, and $LBIX. I show our students again and again that you don’t have to over trade to make a great living. I take ONLY the best quality setups, knowing that even those don’t always work. Reducing my standard to take low quality setups is a recipe for quick and unnecessary losses. Today I managed my risk, traded aggressively, and walked away green on all three stocks that I traded. I couldn’t ask for a better day! Each trade was based on either my Gap and Go strategy, or my Momentum Trading strategy.