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Gimmie’s Momentum Trading Course 2010

 

     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.

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.Please remember though that only 20% of the challenge of becoming successful involves learning a method.  The more important 80% involves forcing yourself to follow rules, restraining yourself from doing idiotic things, being disciplined and focused.  That is the hard part.  That takes time, determination and practice.


     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)

 

I.  Introduction – The context of trades

    A. Gimmie’s Predictability Formula - The Five P's

          1. Patterns

          2. Potential

          3. Pace

          4. Pivots

          5. Participation


    B. Gimmie’s Ten Commandments

II. The Catman System - for timing turns

    A. The Indicators
    B. Bottom Signals
    C. Top Signals
    D. Top and Bottom Territory - 20/80

III. Time-frames of Trades

      A. Combining different charts

            1. Why?

                a. Potential and Predictability
                b. The tide floats all boats – micro vs macro momentum

            2. How?

                a. Gimmies Grading System and Google Earth


      B. Scalps - Fast Stocks for Scalping
      C. Slugs - Slower Stocks

IV. Support & Resistance

      A. Working with support / resistance - the marble game

     B. Pivots
     C. 50 and 200 Mas
     D. Previous Day’s Range

V. Timing Entries

     A. The Funnel
     B. Volume and Spikes and Fat Mean Candles

VI. Stops

     A. How to set a stop
     B. Trailing stops - you gotta know when to hold em, know when to fold em

VII. Situations and Set-ups

     A. Refusal Plays
     B. 120 tick bottom to the 1 min MA test
     C. MA cross to the 50 MA
     D. Collisions and fanning
     E. Taking a trend in pieces

     F. Inside the cage

 

 

 

 

 

 
   
     

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