I got the same ad you probably did and been trying to find the same thing out. I see it has been a few months – did you go ahead and order his materials?

I subscribed to this service about 2 months ago so I do not have a lot of experience with it yet, but I will share with you what I've noticed so far.

Every week night except for Friday and on Sunday (usually between 8-10 PM MST) you will get an email from Mitch with several links. One is to a video giving his viewpoint on the day's market and the results and recommended actions regarding the previous night's reco's. If there are new reco's he will mention it there too. The second link is to a .pdf file on his website which also reiterates what was in the video and has a list of stocks that are in play and the action he recommends. In this he lists an entry price and an exit price if the trade was completed along with the P&L %. He does not show any specific stop values although he recommends using them. Also in the newsletter he maintains a list of stocks that should be watched for scalping opportunities if you day trade.

Once you subscribe you will receive a set of CD's (9 or 10) which you need to watch to learn his strategies ( 3 or 4 of them). He also has a workbook which he charges for (about $45). His newsletters are very regular and there are good trades in them. He is honest about the P&Ls too. Although I don't know for sure I believe that he trades his own reco's although he claims to only trade not more than 4-5 at a time and very often there are more than 5 potential stocks on his list (and always more on his scalp list), so it is possible some of his staff trade the others. Part of the newsletter is "Joey's corner" which I guess is a staff member that scalps so he describes his activities for the day.

I've traded some of his reco's on a small scape and have had mostly successes. The stocks in his scalpe list (my area of interest) are quite volatile and move a lot during the day so I can see how one could make money here if you can pick the direction, entry and exit points correctly, something I haven't quite mastered yet. If you use stops you can limited your losses to a reasonable percent although you can get stopped out easily if it's too low for a really volatile stock and completely miss the profits. Also, he will both short and long the stocks, sometimes doing both in the same day.

I don't particularly care for the way he formats his list of stocks and the actions as it is not always as clear as I would like. I'm a relatively new traded so I'm a bit skittish yet, so for a more experienced trader it might be easier to follow along. From what I can tell his service might be more focused on day trading although I might be biased here as that is my area of interest however, there are definitely reco's for swing or intermediate trading but not long term or buy and hold. If I recall he posts some of his older newsletters on his website so you can take a look and see if the format is workable to you.

Please keep in mind that I am relatively new to this service so opinions from others with longer term experience are probably more accurate. Hope this helps.

Steve:

Thanks for your share, it was informative. I never thought of using the IBD 100 as a source (is it published on their site?). I will check into it, and I'll look more at your approach as it piqued my interest.

Concerning Mitch, I hope I didn't sound negative about him because my opinion is otherwise. Apparently he has been successful using his personal rules which he too has developed over time, something I can not rule out. According to Mitch he trades by these rules even today and makes his choices and methodology known to others, naturally for a fee for which he is entitled. He does seem to put more effort into what he does then the others that I've experienced in that his newsletter is sent out daily and from what I can see he is reasonably successful in his selections. He also has no problem owning up to his not-so-good selections or ones that he has mis-traded.

I may have mis-lead you a bit by referring to the stocks he names as reco's as they are more of a his selections to be watched. He will give you the direction that he believes they will move in and for swing trades when he anticipates the stock will move in the stated direction, and if one is only comfortable or otherwise chooses to trade in the long direction there are selections for each. From that point on your left to your own due diligence on whether or not to take the trade and how to set it up. Of course one should watch the videos as it describes what to look for (his signals if you will) and how to setup your charts with the appropriate indicators and such. He does have trading and money management rules that he follows and publishes for you to either use, supplement with your own, or ignore if you so choose.

I haven't followed his swing or intermediate trades as closely as his scalp list but if you're interested in day trading and are satisfied with scalping (and the requirements that go along with it) a buck or more off a trade every day or so using his selections, as I mentioned one can be successful, more often than not. Also, he does not recommend newbies take on any more than 1 to 2 trades at a time until one develops a comfort level, and as I stated he rarely goes more than 4-5 himself.

Good luck to you too.

Regards,

Cheech

Just saw the promotion video. Guess will check it out Monday since it offers the 14 day free trial and will report here how it goes.

Cheech said:

Steve:

Thanks for your share, it was informative. I never thought of using the IBD 100 as a source (is it published on their site?). I will check into it, and I'll look more at your approach as it piqued my interest.

Concerning Mitch, I hope I didn't sound negative about him because my opinion is otherwise. Apparently he has been successful using his personal rules which he too has developed over time, something I can not rule out. According to Mitch he trades by these rules even today and makes his choices and methodology known to others, naturally for a fee for which he is entitled. He does seem to put more effort into what he does then the others that I've experienced in that his newsletter is sent out daily and from what I can see he is reasonably successful in his selections. He also has no problem owning up to his not-so-good selections or ones that he has mis-traded.

I may have mis-lead you a bit by referring to the stocks he names as reco's as they are more of a his selections to be watched. He will give you the direction that he believes they will move in and for swing trades when he anticipates the stock will move in the stated direction, and if one is only comfortable or otherwise chooses to trade in the long direction there are selections for each. From that point on your left to your own due diligence on whether or not to take the trade and how to set it up. Of course one should watch the videos as it describes what to look for (his signals if you will) and how to setup your charts with the appropriate indicators and such. He does have trading and money management rules that he follows and publishes for you to either use, supplement with your own, or ignore if you so choose.

I haven't followed his swing or intermediate trades as closely as his scalp list but if you're interested in day trading and are satisfied with scalping (and the requirements that go along with it) a buck or more off a trade every day or so using his selections, as I mentioned one can be successful, more often than not. Also, he does not recommend newbies take on any more than 1 to 2 trades at a time until one develops a comfort level, and as I stated he rarely goes more than 4-5 himself.

Good luck to you too.

Regards,

Cheech

well signed up for the trial, got the course, but have not finished it. Still with it, trying to trade recommendations with options. Still figuring it out. Mitch King does offer a better deal if sign up for a year, so will try this month to see if worth the subscription price. I guess he mentions stocks and what to look for and he has been wrong and right so still trying to see if more right than wrong.