FAQ FAQFrequently Asked Questions. | |
There are 23 entries in the FAQ.
Pages: 1
Questions:
What types of stocks do you play? Can we see old emails which were sent ?
Should I buy stock when stock was open much higher than your pick price ?
Should I buy stock when stock was open much lower than your pick price ?
Can you recommend some good online broker ?
How many maximum open trades at one time ? Do I need to rush to buy your picks ? How longs picks are hold ? When do you pick stocks? How do I receive stock picks?
How do we pick stocks ? Do you provide Stop Price, Target price for your picks ? How often Picks Performance sheet is updated ? What should I do when a bad news hits for any picks mentioned in TheMomentumStocks ? Do you Short stocks ? Do you send immediate sell alerts ? How to donate money to TheMomentumStocks ?
How do you categorize your trading style between Day Trading, Swing Trading, Short Term & Long Term trading ?
Where do I setup news alerts for stocks ?
What does Trigger price means ? What if your question is not listed here ? What is best time to buy the picks ?. How come you show cumulative profit not total profit ?
| Questions and Answers | |
| What types of stocks do you play? | |
 | we play stocks which has very strong upward momentum. We play small caps, medium caps listed on Nasdaq, AMEX, OTC and various other exchanges. |
| Can we see old emails which were sent ? | |
| See link Archived Messages in our web site. |
| Should I buy stock when stock was open much higher than your pick price ? | |
| If stock was gap up that means it had Momentum but I would suggest wait for a while before buying. e.g. WLV pick price was 4.55, it opened up 4.70 and then it dropped 4.60. Here is my buying advice for such kind of case :- ** Wait atleast 15 to 20 minutes after Market Open. ** Put a Stop Buy Limit at Maxiumum High for the first 15 minutes + 1 cents (Yes 1 cent above the maximum high) e.g. in above case, 4.70 was high for 20 minutes and then I will put Stop Limit Buy Order for 4.71. if Momentum is there then it will form a new high and then only you buy. STOP BUY is different than just BUY Limit. Check your broker site for difference between two order types. Look for quick gains in such cases, usually between 5% to 10% max. |
| Should I buy stock when stock was open much lower than your pick price ? | |
| Caution is adviced. First check whether there are any bad new. If there are any bad news , don't buy. However, if there is no bad news and stock was opened lower, here is you should play. e.g. Let's say ABC stock Previous Day Close : 9.00 Open Today : 8.00 High Price for first 20 minutes, market opens at 6:30 AM, take high price till 6.50 AM Suppose High Price for first 20 minutes is 8.25 We would put Stop Limit Buy Order for 8.26 ( 1 cent above than High of first 20 minutes) We would look for 1/2 point profit max though you should set your target based on your trading plan. |
| Can you recommend some good online broker ? | |
| If you are small investor, there are many brokers which charges per share pricing e.g. if you buy 100 shares, it would cost you only 1$. |
| How many maximum open trades at one time ? | |
| If we release daily picks and average daily holding time is 2 weeks, then I expect maximum of 10 to 11 open trades at one time. It will form a cycle where we will be selling old one to make room for new one. |
| Do I need to rush to buy your picks ? | |
| No, never rush to buy picks. Never buy from Pre Market. |
| How longs picks are hold ? | |
| We hold from few days to few weeks. |
| When do you pick stocks? | |
| Pick time is between 9:00 AM to 10:00 AM EST. You must subscribe to get picks thru email. |
| How do I receive stock picks? | |
| In order to receive stock picks, you must subscribe. Goto www.themomentumstocks.com and click on Subscribe link. |
| How do we pick stocks ? | |
| These stocks has very strong uptrend and most likely that trend will continue. These picks have higher liquidity i.e. Volume, Average Volume should be more than 100000 and they must be technically Bullish at present and Fundamentally sound companies. A lot of analysis is performed before a pick is posted but still I would encourage you to do your analysis. |
| Do you provide Stop Price, Target price for your picks ? | |
| Yes, we provide Stop Price , Target price. You are encouraged to set them accordingly based on your trading plan. TheMomentumStock can sell before or after prices mentioned here. |
| How often Picks Performance sheet is updated ? | |
| Picks Peformance sheet is updated weekly. New picks or any sold pick during the week will be reflected in Picks Performance by end of week only. |
| What should I do when a bad news hits for any picks mentioned in TheMomentumStocks ? | |
| TheMomentumStocks recommendation is sell them immediately and don't wait for your stop loss to hit. TheMomentumStocks does not send any alerts and it is individual investor responsibility to monitor stock. |
| Do you Short stocks ? | |
| Not yet but stay tuned... |
| Do you send immediate sell alerts ? | |
| No. TheMomentumStocks does not send any real time sell alerts. |
| How to donate money to TheMomentumStocks ? | |
|
TheMomentumStocks is made possible through personal time and out of pocket expenses. We provide service for free and you know that webhosting and research time are not free.If you make some money using our picks, please help us by donating money. Use Paypal link on website to send money using Paypal.
Thanks for your support.
|
| How do you categorize your trading style between Day Trading, Swing Trading, Short Term & Long Term trading ? | |
| We categorize our trading style as Swing Trading where we keep our positions from 1 day to several weeks. Maximum positions are closed within 2 weeks or less. |
| Where do I setup news alerts for stocks ? | |
| There are many Free web sites which provides Free alerts which can be sent to you email/pager/mobile. |
| What does Trigger price means ? | |
| Trigger price means, you buy when stock price crosses above mentioned trigger price. Trigger price is usually higher than yesterday close price. Crossing trigger price means, it has bullish momentum and most likely momentum will continue. e.g. Buy ABC @ trigger price of $14.70 and let us suppose, ABC is now selling for $14.25 This means you should buy when stock hits trigger price of 14.70, after a trigger price is hit. Triggering price is valid for 3 trading days unless mentioned otherwise e.g. if we issue alert to buy ABC @ trigger price of $14.70 and today date is 01-Nov, it would be valid till 03-Nov (3 trading days only), if triggering price is reached within 3 trading days, we would buy it, otherwise alert is cancelled. These kinds of order is called Stop Buy Limit Order and they are different than just Limit Buy order. Check your broker site and they should have explantions for different type of orders.
|
| What if your question is not listed here ? | |
| Please write to support@themomentumstocks.com for your questions, we will have happy to answer and also include in FAQ. |
| What is best time to buy the picks ?. | |
|
There is no set timings to buy these picks but we usually avoid trading within first 15 min to 30 mins after market open. Market is more volatile within first 30 minutes. You can also buy around afternoon time around 2:00 PM EST.
|
| How come you show cumulative profit not total profit ? | |
|
|
Disclaimer:
TheMomentumStocks.com is for informational/educational purposes only, and all posts are merely the opinion of the poster, nothing more. Nothing on the site should be construed as an offer or solicitation or recommendation to buy or sell any securities. Past performance does not guarantee future results. Although all attempts are made to conduct research thoroughly, there are no guarantees in accuracy. All members are encouraged to use information on this site as an informational/educational resource only. TheMomentumStocks.com may or may not be invested in their own stock picks, before or after they are announced and may buy, sell or hold at anytime. You may assume that we are invested in our picks and are biased towards them. If this is not acceptable to you, then do not invest in any of the stock picks. You may assume that TheMomentumStocks.com intention for announcing stock picks is personal gains and will sell their holdings at any given time before, after or while releasing the pick. Stock trading is risky, and you may lose some or all of your investment. Do your own due diligence. Make informed choices. TheMomentumStocks.com makes no guarantees. If you have questions, please contact us: info@themomentumstocks.com