The Momentum Trade
A beginner's field guide to trading breakouts on Interactive Brokers — from zero to your first paper trade, in plain English. Free for newsletter subscribers.
No jargon without a translation. No lies about the system — it's promising but unproven, and the book says so. Paper trade first, always.
What's inside
1. What we're actually doing — the box, the breakout, momentum, the trailing stop, and the fat tail that pays for everything.
2. The four numbers that matter — win rate, expectancy, profit factor, drawdown, explained like a normal person.
3. Risk: the part that keeps you alive — position sizing, the 5-position cap, stop-entries, the ATR trail, the regime gate, the kill switch.
4. Setting up Interactive Brokers — account, funding, the paper trading account, which platform to start with.
5. Your first paper trade, step by step — regime check, the signal, sizing the position, the buy stop-limit, the trailing stop, the journal entry.
6. The daily routine — ten minutes a day. That's the job.
7. What "winning" actually looks like — losing streaks, cold edges, and why the process is the product.
8. Glossary — every term in plain English.
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