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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: Tokendude who wrote (13758)5/19/2015 6:52:54 AM
From: coferspeculator   of 14340
 
Hi Roy

The big money is made in the big moves . . . . trying to jump in and out is fatal if hoping to make big gains . . a third of the BTT choices make huge moves . . a third provide smaller gains . . a third do nothing . .

if folks don't sit tight through the main movement the big gains won't come . . leave too early and folks are trading for the small gains . . . it's a very tough business to make money at it if trading for smaller gains . . . .

Livermore had it right but few listen . . it was never my thinking that made big money for me, it was my sitting tight . . .

he also had it right when he said it was one of the hardest lessons he had to learn . .

it's a mind boggling that in today's dollars Livermore may have been worth $10 billion at one point in his life . .

my thoughts for what they are worth
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