We are in a very volatile market right now. I keep hearing from people with long term investments that they’ve lost hundreds of thousands of dollars in the last few months as the markets sold off. There is nothing worse than watching your savings disappear. The 2007 recession is what prompted me to start thinking about actively managing my own account instead of letting somebody else do it.
I took control of my savings and started day trading breakout and momentum stocks using these strategies.
Traders in our room are booking profits day after day because we have a short term outlook on the market. Even though the big picture is ugly, there are always stocks having a once in a year event that provide day trade opportunities. They have learned to find the MOMO stocks by using the Best Stock Scanners here.
Today we had HUGE moves on $NAT and $WMB