Dear David Gardner,I wonder if your defn. of momentum investor is the same one as mine.A momentum investor should look at CHARTS, FUNDEMENTALS, AND NEWS. Ultimately charting using INDICATORS SUCH AS RSI, STOCHASTICS, MACD, will indicate when to move in and when to exit. Momentum trader is NOT A DAY TRADER neccessarily (often not). My defn. comes from Wealth Mastery - Anthony Robbins seminar. Robbins is a MASTER OF EMULATION AND EMULATES THE BEST in various fields, condenses the info. and disseminates it in his seminars.If 33% at the most is invested (of one's assets in life) towards momentum - and not money that is urgently required- then (according to Tony's boys- chuck mellon and tom mccarthy and chris manning) one can create CASH FLOW. Another 33% should be in the Buy and Hold Box. Alledgedly covered calling is a great strategy too- making 10% returns PER MONTH! Of course in all momentum trading there MUST be defensive strategies such as "stop losses" and/or selling PUTS (in covered calling). How to select such stocks for covered calling OR ANOTHER STRATEGY CALLED "CHANNELLING"? ONE should see those free websites... then research using telecharts and the indicators, to determine when to get in/ and out ... and make PROFITS within a few months.Do you agree - or know much about these particular MOMENTUM STRATEGIES which are an emulation of Wade Cook's ways (so I hear)?If you are going to give me grief on Wade Cook- pls. tell me something new- see my postings on the Fool Wade Cook board - trying to justify his existence!Take care and Fool on!
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