Timing the Trade the Wyckoff Way Message Board

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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: coferspeculator who started this subject	5/31/2004 4:36:20 PM
From: coferspeculator	of 14340

RESULTS-4/10-5/30 Plus $33439 Time Frame-Short term* Reward/Risk-3 to 1 ratio Position Size-$1000 maximum loss per trade Full Positions Taken-17 Full Positions Closed-10 Full Positions Still Open-6 Partial Positions Still Open-1 Profits on Closed Positions-$26537 Profits as of 5/30 on Open Positions-$6902 There have been two losing positions during the period* All stocks used were mentioned and commented on in the Daily activity reports and positions are taken during Step 5 (see home page). All disclaimers from home page apply. * All positions taken were short term (days to weeks). Stops are moved up (or down) to log in profits in a manner to allow profits to run and to never let a profit turn into a loss. Some short term trades may become intermediate term trades when the stops aren't hit. Speculations size is determined by position sizing. Total results are dependent upon the maximum loss that the speculator will accept. In the above mentioned, the total acceptable loss is $1000 per position and is used for analysis. Position sizing using a maximum $500 loss per trade would result in profits being half what is mentioned. Position sizing using a maximum of $5000 per loss would have increased the profit (or loss) by 500%. For those interested in the position sizing idea I'd recommend reading the excellent book "Trade Your Way to Financial Freedom" by Van Tharp. *There were two losing trades during the month of May. There have been only two losing trades from the seventeen positions taken. This has been an exceptional period. During most periods there will be losing trades. The choice of which stocks the speculator chooses and the time at which they enter a trade is their own. Disclaimer: Information concerning the market and any stocks mentioned are not recommendations to buy or sell. I may have positions in stocks that are mentioned. I make no warranties, expressed or implied, as to the fitness of the information for any purpose, or to any results obtained by anyone using the information. In no event shall I be liable for any direct or indirect damages resulting from the use of the information. Any decisions made by anyone using this information should be made solely on the basis of their own due diligence.

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