Ken Wolff – Trading on Momentum

From the Introduction

Every second of every trading day, literally one-half of executed trades have the potential to generate immediate profits. In those brief moments following the trade, it isn’t the fundamentals of each stock that change­­it is the trading momentum. Traders who understand how to recognize and use this momentum can greatly increase their percentage of profitable trades­­every second of every trading day.

Trading on Momentum utilizes detailed charts, graphs, and examples to outline and explain the dynamic trading method called momentum trading. Beginning with the basics, then progressing to the advanced methods, psychological factors, and unique tools of the successful momentum trader, this guidebook gives traders the information they need to incorporate momentum techniques into their trading arsenals. A step-by-step guidebook for quickly identifying market turning points­­then getting in and out for a quick profit­­Trading on Momentum discusses:

• Tracking stocks and analyzing their trading patterns­­thereby replacing guesswork with solid research and knowledge
• Preparing properly for the open­­when the day’s best trading opportunities consistently occur
• Using the Level II Time of Sales Ticker to determine the strength of the trend in a particular stock
• Understanding which news stories will propel a stock upward or downward­­and trading each end of the oscillation
• Methods to tailor your trading style based on historic, verifiable time-of-day trading behaviors

When stocks move, they tend to oscillate both up and down, in waves. This information is not new or newsworthy. What is new is the ability to accurately track and predict these movements, and profit in both directions. Momentum will give you the tools you need to regularly profit from the natural movements of the market, relying on unambiguous history and observation­­and leaving guesswork and luck to others.