There are two parts to being successful as a trader/investor. The part almost everyone focuses on is the analysis (aka method). The other part is one’s abilities as a trader. But of the two parts to becoming successful in markets, trading ability is by far the most important. I’ve known floor traders who have been wildly successful, but who employ a very simple method/analysis. And they know that. But they also know they wanted to focus more on developing their trading skills, rather than believing in a method. (Continued for subscribers.)
Approach
Trying to Judge Momentum
With the big quality stocks, the trend is the momentum, but with the lowest quality stocks and even up to the emerging stocks, the momentum is the trend. They (momentum and trend) are sort of the […]