Follow The Money

From Eddie Kwong, Editor-in- Chief of TradingMarkets.com: "It is both difficult and scary for traders to buy high and sell higher. But you simply have to accept the fact that there are days when the market gets caught in a tornado. In a tornado, stationary objects are pulled loose from their foundations and taken for a ride to unexpected places. The traditional rules and patterns don't apply on those days because they are purely momentum-driven. Stocks that are in motion will continue as such. Nimble daytraders will earn more on these days than they do in typical week. On such days, you have to suspend your search for conventional setups and simply 'go where the action is.' Going where the action is is an art that is only learned through experience."