Combining advanced trading courses with an active chat room, Warrior Trading is staffed by professionals who demonstrate the fundamentals of successful swing and day trading in real time. Warrior Trading provides chat room members with real-time insight into the reasons for profit-seeking trades that employ proven strategies, such as gap and go and momentum.
A high-risk, high-reward strategy, momentum trading involves identifying stocks that are witnessing high-volume movement in a single direction. The trader seeks to take advantage of that movement and profit while it lasts, with typical positions lasting from a few minutes to a couple hours.
A key to success in this involves doing homework each day prior to the bell, identifying those stocks that are generating the most buzz in chatrooms and on message boards. Analyst recommendations and earnings are then perused and the list of stocks carefully tracked as markets open.
Identifying a breakout involves utilizing a host of technical indicators, with a particular focus on net stock changes over specified timeframes. Buy triggers and, in the case of shorted stocks, sell triggers are set in place within specific momentum periods and market orders reflecting how the investor expects the stock to run in the short term. The challenging aspect of this involves predicting how markets will react to specific news within a set timeframe and setting the trading parameters correctly.
