The stock market can give you opportunities to deal with a lot of stocks every day. Many of them are new technology hot stocks which come from the nanotech, biotech, voip, healthcare, homeland defense or the internet sectors.

Most of these hot stocks may seem promising. However, the truth remains that a good number of these trading and investing opportunities might not be as profitable as you are thinking. It is very important to know how to choose the best stock especially if you plan to take advantage of them on a daily or weekly basis frequently.

When you know how to pick and approach the best hot stock trading opportunities, you can generate a consistent amount of money in a very short period of time.

You do not have to necessarily deal in trade momentum hot stocks all the time. However, you can learn how to take advantage of these hot stocks during a time when you encounter the best opportunities. You can choose then for going long or for shorting them to make money when they are poised to fall down.

If you want to learn how to trade and pick hot momentum stocks in a simple but in a very effective way, you can log on to some websites which update you on what are the hot stocks and how you can invest in them. Here are a few tips and strategies to deal with hot stocks:

1. You need to know the trading psychology. You need to have a realistic mindset of experienced momentum traders. The people who make more money look at every opportunity in certain ways.

2. You need to look at some short selling opportunities. You can focus on these strategic scenarios and short stocks like a professional without getting confused. There should be shorting to profit when the stock goes down.

3. You should know how to pick momentum stocks every day in an easy and fast way.

4. You need to know what kind of stocks to look for and how to classify the opportunities for greater trading profits.

5. You need to get a profitable momentum trading without much technical analysis.

6. You need to know what kind of stocks and "opportunities" to avoid and why you should avoid that. You can save thousands in losses from trades which have gone bad in the future.

7. You need to know the little details that you should look for before you consider a momentum day trade. You also need to consider when there is trading happening with low float momentum stocks.

Apart from that, you need to know about buying micro cap and small cap stocks with the momentum. You should also know whether you are trading NASDAQ stocks or OTCBB - OTC stocks. You should also get ready for the trading breakout and you need to position your self for success. You might have questions like whether the market rally will last more than 5 minutes or less. This is all about the stock rally. The rest of them are just a bunch of elegant and you need to learn to focus on what matters the most.

You should also know how to lock in profits on the way up.

You might also have questions about holding overnight trading positions for a possible gap up. You need to know what to do if the stock rally stops moving. You need to cash in your pocket.

You also need to know Level 2 trading strategies for momentum stocks. You also need to know the time frames for trading stocks with momentum along with its Pros and Cons. You need to know the premarket stock trading strategies and tips. The trading momentum stock opportunities during market hours should be understood by you. Trading at the open or waiting till the dust settles to make your move depends entirely on you and this can make a big difference in your results.