[carter]

I have never been much of a momentum trader. But the funny thing is, every now and then I will visit free day trading chat rooms. Its entertaining to hear the new traders play any stock on the fly. Regardless of the float and spread, these traders have no clue what they are doing. If you mentioned a penny stock XYZ is on the move, they will blindly buy it.

I think anyone can make money in a bull market. But with the way things are now, having a strategy is important. Amateur traders fuel the end of the trend. Dumping it when the momentum is at its peak makes more sense to me.