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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From: PT1950	5/14/2015 11:51:02 AM
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Add me to the list of those that bought the currently listed #5 which was #20 last week. I'll echo the comments about holding onto their choices unless the rules say "sell". It took me a long time to embrace the idea of holding onto a choice but after repeatedly selling too early due to fear or some of the biases that have been discussed in their reports I finally was able to rewire my mindset to one of holding on unless some rules forced a sale. It was around this time a year ago that I bought SWKS and PANW. Right now they are up triple digits and when they are finally sold they will be treated as long term capital gains. Not much is said about capital gains but it does make a big difference. My mindset after buying #5 isn't any different than any other buy I make. I'm looking to hold it for a year or more unless the rules force me to sell. It is the big gainers that matter. I look at my buys as part of the "ante" required to being a player in the game. Sometimes I lose the ante. Some of the pots won are small. Some of the pots won are huge. It is winning the huge pots that matters. Cheers!

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