What is Momentum trading?

Discussion in 'Trading' started by TraDaToR, Jan 10, 2008.

  1. Of course there is no "free lunch"... But there IS a good MM which is about letting profits run and cutting losses short.

    Why would I keep the losing trade? My average stop of 2-3 handles is usually way enough to find out if I'm right or not even in limit down days in NQ, not even speaking of less volatile environment...
     
    #31     Jan 14, 2008
  2. Thanks for explaining things bug. :)

    Yes indeed, it's bighog who taught me to cut losses very short and run good momentum winners until the likely mass profit taking point or momentum fading away. And now I can definetely say he is dead right about this kind of MM.
     
    #32     Jan 14, 2008