momentum trading since 1997  
   
 

Gimmie’s Momentum Trading Course 2007

Tuesdays and Thursdays

12:30 pm to  1:30pm ET

 

All classes are emailed to members.

Feel free to email your questions to gimmie@mtrader.com

My hope and goal with this course is to offer a complete step-by-step system for making short-term momentum trades.  I strongly feel that the key to trading success is a cautious, systematic, and disciplined approach, structuring each trade with a consistent set of criteria.   So this is my plan to give you that criteria.   This encompasses not only the complete "hows" of trading, but also the "whys", because the longevity of a trader's career will depend on their ability to apply common sense and adaptability to changing markets and situations.


There are four components to succcessful trading:


1.  The technical and physical components; your computer, connection, and trading software.
2.  Your ability to execute your decisions in a timely manner; your broker and trade routing abilities.
3.  Your method for choosing and timing your trades; your trading system
4.  Your ability and discipline to follow through on your own plans objectively, without hesitation.

     During this course I hope to cover all those components, so that even a person with limited or no stock market experience, can come away with a workable trading system.  Don’t feel intimidated if it looks confusing to you now.  It will become clear as we go along, and its really less complicated than it appears.


     The following outline shows the specific topics that will be covered, in chronologic order.  I encourage and rely on your input and participation, so do not hesitate the slightest with any questions or suggestions you may have.  If you are late joining our course, and have not received the past classes per email, let me know and I can help you get caught up.


Shawn Klug (aka Gimmie)

 

Section I: Introduction to Momentum Trading

A. Setting Your Education Plan and Goals

B. Basic Stock Market (as it pertains to momentum trading)

C. Trading Technology and Brokers

 

Section II: Anticipation - Setting up a Trade

Gimmie‘s Predictability Formula

Predictability =

A.    Pace

       1.   Pace, Volume, and Time of Day

B.   +Potential

       1.   The Principles of Momentum


       2.   Adequate Price Movement in Relation to Average Range

C.   +Pivots

       1.   Working with Pivot Points and Other Support/Resistance Points


       2.   Oscillations and Trends

D.   +Participation

       1.   Macro-Momentum


             a. Influences on the QQQQ


             b. Trends in the Daily and 5-Day Charts


             c. Identifying Current Macro-Momentum

       2.   Sector Momentum


             a. Influences on Continuing Momentum Stocks


             b. Relative Strength/Weakness Theory


             c. Indicator Stocks

       3.   Micro-Momentum – News Stocks


             a. Identifying Micro-Momentum


             b. Causes of Micro-Momentum

E.   +Patterns

       1.   Common Early Patterns


       2.   QQQQ and Market Patterns


       3.   News Patterns


             a. Gainers


             b. Dumpers

F.   +Preparation

       1.   Approaching the Day With a Plan

 

Section III: Confirmation - Reading the Entry/Exit Point

A.    The Catman System

        1.   Indicators in the Catman System (moving averages, stochastics, OBV)


        2.   Reading the Cat Signal


        3.   Using the Cat Signals


              a. Entries


              b. Exits


                      i. Dave Drain


                      ii. Conservative vs. Looser Targets

        4.   Combining Different Time-Frames

B.    Tape Reading (Level One)


C.    Level Two Basics

 

Section IV: Figuring the Risk vs. Reward

A.    Entries


B.    Targets


C.    Stops

 

Section V - The Discipline to Follow Your Plan

 

This section deals with all those reasons we don't do what we objectively know to be right. Overcoming emotional blocks is often the most difficult part of trading, and the hardest lesson to learn. It also deals with how to determine why you might be losing, and what to do about it.

 

A.   Trading Personalities and Emotional Blocks to Trading

B.   Trouble-Shooting Your Trading

       1.   I can keep a stop, but I’m just chipping away at my portfolio slowly
             with nothing but stops and minimal gains.

       2.   I make good gains, and then I wind up giving it all back in an
            occasional blown stop.

       3.   I am so gripped by fear that I sit there frozen letting one good trade after
             another go by.

C. Turning a Losing Streak Around

D. Trading Discipline

 
 

 

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