{"id":262,"date":"2008-12-17T18:34:56","date_gmt":"2008-12-17T23:34:56","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=262"},"modified":"2009-01-03T11:42:56","modified_gmt":"2009-01-03T16:42:56","slug":"srs","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/srs","title":{"rendered":"SRS"},"content":{"rendered":"

Momentum trading<\/a> requires guts. \u00a0Take a look at the two day chart of SRS. \u00a0There is a ton of money trading the trend of SRS. \u00a0But I am not gonna sit here and tell you it’s easy. \u00a0But if you want to be a great momentum trader you must take advantage of opportunites like SRS.<\/p>\n

Often with momentum trading you must find ETF’s or stocks that are young. \u00a0Often they are stocks that you have never traded. Often they are stocks that are trading at irrational prices. \u00a0But that is the game. \u00a0And you just have to dive in, learn the stock or ETF, and do the best you can. \u00a0Your downside risk will be enormous compared to other stocks but your reward is much greater.<\/p>\n

The hardest part about trading the SRS’s of the world is just to start. \u00a0You take a look at the chart. \u00a0You watch the movement of the inside market. \u00a0And often your reaction is,”Who the hell would trade that nonsense!” \u00a0But these stocks and ETF’s are actually easy to trade when they are in play. \u00a0Easier than other stocks. \u00a0They move so much that if you are careful, pick your spots, follow the trend, you will catch huge moves. \u00a0<\/p>\n

A good momentum trader needs to feel comfortable trading the uncomfortable. \u00a0They need to search for the next momentum sector or stock. \u00a0There will always be something in the markets offering momentum opportunities. \u00a0And a good day for a momentum trader can make your whole month. \u00a0But you have to have some guts. \u00a0And you have to just force yourself into the SRS’s of the trading world. \u00a0\u00a0<\/p>\n

I always chuckle when people think it was easy to trade during the Internet boom. \u00a0I suppose after the first 6 months it was not that difficult. \u00a0But the beginning sure was. \u00a0I remember jumping into KTEL, they announced that they might sell music on the internet or something like that, and losing 18k learning the stock. \u00a0Ouch! \u00a0I remember paying the offer a point from the bid. \u00a0That’s a little nerve racking. \u00a0I remember how fast KTEL moved. \u00a0It was four times faster than anything else I had ever traded. \u00a0And this is what a momentum trader faces on a day like today. \u00a0A day where you are trying to learn SRS and make some chops. \u00a0But you just jump in and learn.<\/p>\n

Best of luck with your trading.\u00a0<\/p>\n

\"Intraday<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Momentum trading requires guts. \u00a0Take a look at the two day chart of SRS. \u00a0There is a ton of money trading the trend of SRS. \u00a0But I am not gonna sit here and tell you it’s easy. \u00a0But if you want to be a great momentum trader you must take advantage of opportunites like SRS. Often with momentum trading you … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[4676,30,18,189],"class_list":["post-262","post","type-post","status-publish","format-standard","hentry","category-mike-bellafiore-bellas-blogs","tag-day-trading","tag-prop-trading","tag-smb-capital","tag-srs","no-post-thumbnail"],"yoast_head":"\nSRS | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/srs\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SRS | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Momentum trading requires guts. \u00a0Take a look at the two day chart of SRS. \u00a0There is a ton of money trading the trend of SRS. \u00a0But I am not gonna sit here and tell you it’s easy. \u00a0But if you want to be a great momentum trader you must take advantage of opportunites like SRS. 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