Momentum trading refers to a strategy where traders buy or sell assets based on their recent price movements. In simple terms, it means following trends in the market and trying to make quick profits by jumping on the bandwagon. Full definition
When trading individual stocks, we typically shoot for an average price gain of 20 to 30 % for short to intermediate - term momentum trades. (morpheustrading.com)
It gives a decent starting point for momentum trading on higher time - frames. (tradingsetupsreview.com)
In momentum trading, the traders focus on stocks with momentum, i.e. the stocks that are significantly moving in one direction and in high volume. (adigitalblogger.com)