One of the methods independent trader Alan Clement uses to devise trading system is momentum.
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Clement uses price movements and volumes to find an “absolute momentum level”. He then chooses 12 stocks with the highest momentum above that level. These are ranked and rotated on a weekly basis—the stocks witnessing a slowdown are replaced by those that have newly gained momentum.
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Watch Clement explaining how to formulate a trading strategy using momentum of stocks on the sidelines of Algo Convention 2019:
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