Even if you don’t trade momentum stocks on a regular basis, you still need to learn how to spot the main trend.
I hate to be the bearer of bad news, but finding the main trend is the key behind learning how to trade momentum stocks.
So whether you trade momentum or pullbacks, you must know how to do it the right way.
Because it’s also a very dangerous game…
So I thought it’d be beneficial for me to show everyone how to trade momentum stocks, but without getting false breakouts or stopped out prematurely.
Now, if you don’t intend to trade breakouts, you should still watch the video below because it’ll teach you the first part of how to recognize whether a trend is stable or not for trading pullbacks.
That’s because you need to have a stable long-term trend when you trade momentum or pullback stocks.
How to Trade Momentum Stocks Without False Breakouts or Stopping Out
Even if you already know how to trade momentum stocks, you will find the video below useful because I’m going to train you on how to visually avoid stocks that aren’t moving in the right directions, and aren’t as promising.
I see a lot of traders look at momentum from a technical basis…
That means they’re not actually looking at the trend, which is a huge mistake!
But the way I look for momentum is through my Cumulative Strength Index scan that lets me gauge major indexes like the S&P 500 and Nasdaq 100.
What I do is look at the six-, three- and one-month charts to visually look at stocks and get a better indication of where they stand.
So check out my short video below to learn everything you need to know on how to trade momentum stocks.
Don’t forget to like and subscribe to our YouTube channel if you haven’t already so you can be notified as soon as we post our next video and see what other trade opportunities we’re paying close attention to!
P.S. It’s crucial now more than ever for us to know the three critical components for “profitable pullback” trading…
That’s why I put together a complimentary bootcamp training session.
In it, I’ll show everyday retail traders how to take advantage of high-velocity pullbacks like a pro.
The ability to locate these high-velocity pullbacks is what separates winning traders from the average Joes…
And right now, the timing couldn’t be any better to take advantage of them!