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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: Joe Highlander who wrote (13749)5/15/2015 9:54:34 AM
From: PT1950   of 14340
 
Hello Joe,

If you were following the rules why didn't you buy PANW back? The rules say to buy near the LP. If SWKS was sold the rules are to repurchase near support when valuation are favorable.

There isn't any rule that says if a buy doesn't work out you don't buy again if you still favor the choice. They say the opposite and BTT has shown so many examples of doing so I have to wonder if your mindset is similar to one I had prior to joining their service - if a choice fails look for a new one.

My experience prior to using them found me jumping from one idea to another. Most of the time I ended up making nothing. The BTT buying rules apply to a small list of companies they feel are leaders and as long as they stay on their list I think they feel they are still leaders so the rules still apply.

In my opinion PANW was the leader in the cyber security space and still is. I want to own and hold shares in the leaders exposed to important markets. The same is true for SWKS.

Cheers!
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