Haresh Me­hta,

Dalal Street Investment Journal - - COVER STORY -

Chief In­sti­tu­tional Trader , First Global At the core, mo­men­tum in­vest­ing works on a cou­ple of prin­ci­ple, I.e. "buy high, sell higher" or buy when day vol­ume is higher than 3-month vol­ume av­er­age, bar­ring big blocks, trad­ing break-outs on charts or trad­ing the mar­kets open­ing volatil­ity, etc. Here, the trader's own per­son­al­ity also mat­ters. Hence, it is im­por­tant for the trader to first iden­tify the type of trader he/she is. If a trader is more com­fort­able with de­liv­ery-based trad­ing and not be able to han­dle price volatil­ity, then he is not a mo­men­tum trader and ideally should re­strict him­self from such trades.

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