The Truth about 20 Day Momentum and its variation...

Hi All,

Today I learn one truth about 20 Day Momentum. That what I have been doing is a variation of 20 Day Momentum and not the one that Courtney is sharing on the video. Thanks to Senior Eric who pointed out the truth.

Huh? Meaning? :) Meaning 20 Day momentum is to compare with ONLY the 20th Day close. If the Yesterday Close breaks the 2oth Day Close, we go into the market. That's it. It's so simple right? BUT Courtney said that this trade is NOT recommended for newbies as 60% of the trades are losing trades, hence, newbies might not be able to handle the psychological side of the strategy.

So when I told Courtney what I did, he said that there is NOTHING wrong with what I did as it is a variation of the 20 Day Momentum. In fact, there will be lesser number of trades as it has break the highest bar for the past 20 days. And more importantly, easier for us, newbies to understand :)

Hope that will help you understand.

Your Friend,
Max Tay