Pro. use technical analysis to look for stocks w/ short-term price momentum. Not interested in fundamental or intrinsic value of stocks, but rather in their trends and patterns.
*Note: In this Economy-.
I first started trend following 18 years ago. I wanted to know who was succeeding and what they were doing. My broker told me the most successful client of his company was a dentist who trend followed.
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Penn State Econ major~Scholar of Behavioral Finance & 30yr mkt trader~Proponent of the notion that psychology & emotion recurrently contest the efficient market hypothesis*DISCLAIMER:NEVER trade any security based on my opinions~Live Life~Smile Often
I momentum trade elliot wave setups in high betas using open range breakout triggers. Learned from @FinancialTrader @PowerTriggerTrade @FlightCharts @MaximusAnaylsis and @Chris1213 and I cannot thank these guys enough.