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Strategies & Market Trends : Timing the Trade the Wyckoff Way
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To: Tokendude who wrote (13697)4/14/2015 9:47:48 AM
From: gunshyinvestor  Read Replies (1) of 14340
 
This reads very much like my experience after 4 years with BTT. I've own some of the 100% gainers early on but didn't hold them long enough and was shaken out and didn't buy back. I still remember buying D while sitting at a family members home on vacation when it was slightly below the initial list price. I still kick myself for not holding on to it. I do have NGI 16 which is in a similar category and I'm hoping it will do as well.

2. I rarely bought at the LP, instead buying after the market had begun to accelerate. This caused even the smallest shakeout or reaction to hit my stops, usually for a loss.

4. On the occasions when I was holding winning positions, I would monitor the positions throughout the day and often would close out what was a good choice on a small shake out. You can only determine what is a small shake out IN RETROSPECT. While it is happening it will look like the bottom is falling out, and you will panic every time. Many of those positions went on to be over 100% gainers AFTER I got shook out of my position. This is a very hard habit to break. Even now, I fall back into this habit from time to time. I owned #B last year, and although I took a reasonable profit out of it (37%), it is now up over 150% from MY purchase price. One could argue I actually made a reasonable decision to sell just before the big decline in October. You will never get 100% gains thinking like that though. The problem is then compounded because I never bought back in when it crossed back above the 10WMA (classic BTT repurchase).
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