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so you use a much tighter stop than they do (they now use a 1 point stop). aren't you getting stopped out a lot? i've seen them have four or five positions open all in the red by half a point or so but not yet stopped out. maybe you are stopped out a lot but you're catching others for your point and a half or so.

one other thing that always bothered me, maybe you can answer this for me -M-T used to have THREE POINT STOP. i can't reconcile in my mind that any daytrader worth his salt would run with a stop of that magnitude. what do you make of it? how could any rational daytrader espouse a three point stop? inconsistencies such as this bother me. what do you think?
 
Originally posted by FasterPussycat
dan don't dis momentumstockplays.com. i don't see anywhere your stated experience with them. don't toss out a statement like that without explanation.
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I was trying to be sarcastic dude (guess I falied). They guy was asking if the free trial was worth a look. Well, it's FREE ain't it???
 
Yes, I do get stopped out, but not too frequently. M-T originally played with 3 pt. stops back when stocks would swing 25 pts. per day and were trading for $80-$200 per share. They adjusted--as all great traders do--when the market changed. Their methodology is unique and isn't for everyone, but there is money to be made. I find myself continually adjusting and exercising my mental approach as I move forward with this kind of trading. The fast pace also gives me the excitement that I need to be mentally in the game at all times. I tried swing trading, but it bored me. So, for me, it has worked well.....knock on wood...
 
"The fast pace also gives me the excitement that I need to be mentally in the game at all times. "

Try Las Vegas for excitement. Can't see how blindly following M-T calls allows one to be mentally in the game !!!!
 
did they 'get' 14 points? i am sure you know how they record their performance --call ABCD long, ABCD goes up .30, down .75, then even, down .60, then up 1.50. they record the win as 1.50. the 'points' rack up fast:)
 
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