OT
In my younger days, I used to play momentum. Always on the lookout for the next hot property. I made a bundle, but over time lost it, too. Sound familiar ? Now I do what might be called swing trading but on short time scales. The energy group is cyclic. You (and everybody else) can play this cycle along with longer term trends. I now trade the same stocks over and over again - mostly oil service and low-cap E&P's.
Buy low - sell high. I don't hit any bonanzas, but I make a steady profit without too much risk. As I ponder entering the pearly gates (or whatever) I am adverse to big losses. I prefer small gains on the order of 2% net/month on the entire portfolio. In this game, the particular stock is not important as long as you understand its trading patterns. Also important is to recognize "maniupulation" either too high or too low. Buy into false drops and sell quickly on gap ups, especially on "upgrades". Take the small profit and take it often. Yes, I pay short term taxes. I am doing my part for America. The more taxes I pay the better I like it.
wg
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