Comments on: Momentum Trading – A Different Mindset http://www.thestockbandit.net/2009/08/03/momentum-trading-different-mindset/ Trading blog for day trading, swing trading, and trading psychology Tue, 07 Feb 2012 17:25:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: TheStockBandit http://www.thestockbandit.net/2009/08/03/momentum-trading-different-mindset/comment-page-1/#comment-144295 TheStockBandit Fri, 07 Aug 2009 19:34:11 +0000 http://www.thestockbandit.net/?p=299#comment-144295 Hey Anthony, Thank you for stopping by. You're absolutely correct, there's a ton of noise out there we can get distracted by. And I'm in full agreement that the best traders either filter it out or avoid it altogether in favor of patiently waiting for those days when we can't help but trade the action. When the conditions are ripe for placing trades and the risk/reward is best (volume, volatility, and momentum are all present), that's when I want to be involved. When that isn't the case, it's time to sit on our hands. Jeff Hey Anthony,

Thank you for stopping by. You’re absolutely correct, there’s a ton of noise out there we can get distracted by. And I’m in full agreement that the best traders either filter it out or avoid it altogether in favor of patiently waiting for those days when we can’t help but trade the action.

When the conditions are ripe for placing trades and the risk/reward is best (volume, volatility, and momentum are all present), that’s when I want to be involved. When that isn’t the case, it’s time to sit on our hands.

Jeff

]]> By: anthony leone http://www.thestockbandit.net/2009/08/03/momentum-trading-different-mindset/comment-page-1/#comment-144269 anthony leone Fri, 07 Aug 2009 04:23:31 +0000 http://www.thestockbandit.net/?p=299#comment-144269 Great advice- thanks for reminding me to stay in practice with these points to remember. How easy it is to overlook these nuances that most day traders forget when we get wrapped up in the daily noise. Is isn't it best to wait for this action to occur and let the market pick the day for you to enter a trade rather than pushing on a string day to day for mere nickles and dimes all along getting burn out in return. This is what most people misinterpret as real day trading. Pick the optimum day to enter a trade not just willy nilly scattered all over the place getting stopped out all the way. Great advice- thanks for reminding me to stay in practice with these points to remember. How easy it is to overlook these nuances that most day traders forget when we get wrapped up in the daily noise. Is isn’t it best to wait for this action to occur and let the market pick the day for you to enter a trade rather than pushing on a string day to day for mere nickles and dimes all along getting burn out in return.

This is what most people misinterpret as real day trading. Pick the optimum day to enter a trade not just willy nilly scattered all over the place getting stopped out all the way.

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