High Probability Trading Strategies. Short term momentum stock trading Written by Conrad Wilson
Most stock traders know that momentum trading can be a very profitable activity. You can make big amounts of cash in a short period of time.The problem is, that if you don't know what stocks to look for and how to approach them and leave everyting to chance, you could end up wasting money instead of making your profits grow. That's why most important aspect of momentum trading is knowledge FILTER you employ to make your buy and sell decisions. There are many "fantastic" stock systems and trading strategies outhere, but you need to test them in order to discover which ones help you most. That's part of your homework as a stocktrader. Test, test and test again. Complicated online trading strategies that rely on a "boat load" of technical analysis indicators can make you slow, and being slow when trading hot momentum stocks can be as dangerous as not knowing what to do in first place.
| | Mandatory Credit Counseling for Those Considering BankruptcyWritten by Charles Essmeier
Most Americans are aware of sweeping changes in U.S. bankruptcy law that were made by Congress recently. These changes, strongly supported by credit card industry, were designed to make it more difficult for Americans to file for bankruptcy under Chapter 7 of Federal bankruptcy code. Chapter 7 allows consumers to essentially have all of their debts wiped away by court. While many people will still be able to file under Chapter 7, many more will have to file under Chapter 13, which requires establishment of a repayment plan. A less publicized provision of bankruptcy bill is one that requires debtors who are considering filing for bankruptcy to first undergo credit counseling. What does this mean for consumers?Actually, details are not yet known. The law, which takes effect on October 17, 2005, does require that debtors considering bankruptcy receive credit counseling at least six months before filing for bankruptcy. The law also requires that they receive additional counseling before case is finalized and that any agency providing counseling services must charge an undefined “reasonable fee.” Other than that, there are no details yet. The portion of law that deals specifically with credit counseling hasn’t yet been written, and full details are not expected to be released until mid-summer. Even those who work in credit counseling industry do not know what will be expected of them once law takes effect.
|
