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 same idea, but it’s really dependent upon which stocks we’re focusing on. In the big stocks, it’s really the trend which is important (analysis-wise), while in the cheapos it’s really the momentum which is the key. The emerging stocks it is both concepts which plays into it. So judging whether the momentum is still up for the day is a super important concept, it’s just probabilities. And again, I explain why it’s so important to understand markets, on all time-frames. Also, this video fits in with this other video.
Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
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