Trading Rule: MOMO – Only buy on Momentum and Volume. Volume is key, volume is money.
– Better to wait for the market to settle down between 9.30am to 9.40am
– Then ready to pull the trigger when the U is forming. (If it spikes, it can spike hard due to MOMO; if fail to spike, it will go down slowly.)
– Volume guideline (300k in value per minute) Eg: for a $3.00 share = 100k in volume per minute
– FOMO (Fear of mising out) – Never chase a stock when it’s already 30% (chances are you will lose)