Chat With Traders 024: Ivaylo Ivanhoff – Riding Industry Momentum & Using High Probability Swing Setups to Capitalize on Short-Term Gainers
18 snips
Jun 11, 2015 AI Snips
Chapters
Transcript
Episode notes
Trade With Industry Momentum
- Prioritize industry momentum before picking individual stocks; being in the right industry dramatically raises odds.
- Monitor rotating hot industries and allocate attention and capital to those currently leading.
Screen For Hot Sectors And Recent IPOs
- Use screeners across multiple momentum timeframes to find hot industries and prioritize recent IPOs with small floats.
- Recent IPOs often move hardest early because they sell a small percentage of shares to the market.
A Clear High-Probability Swing Setup
- Enter swing setups when the stock has an initial leg, consolidates, and the 5-day MA is above the 20-day MA.
- Buy a breakout of a defined pivot (e.g., 2% to a new 20-day high) or buy in anticipation if other criteria are met.