momentum trading strategy for identifying stocks likely to rise in the next week.
Momentum trading involves buying high and selling higher, contrary to the "buy low, sell high" approach.
Stocks hitting 52-week highs or all-time highs are targeted for their potential to continue their upward trend.
The strategy involves spending minimal time analyzing stocks, focusing on the top 10 performers of the week.
Stocks are categorized by market capitalization into small cap, mid cap, and large cap.
A free screener tool is used to find stocks meeting specific criteria, such as a minimum 5% increase in the past week.
Once identified, 10 stocks are equally invested in, with each receiving a portion of the available capital.
Stocks are bought on Monday and sold on Friday, with no fixed stop-loss or target.
Diversification across sectors mitigates risk, as the portfolio consists of stocks from different industries.
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