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: gunshyinvestor who wrote (13763)	5/29/2015 1:05:51 PM
From: TedPunts	Read Replies (1) of 14340

I too struggled with holding on to their stocks but here's a few ideas I found helpful. In one of their reports several years back they said "be still in the midst of the noise". I wrote that down and try to follow it. I used to frequently sell when the market was bad for a few days. I often sold when a stock sold off strongly on news, whether the news was specific to the stock or not. I found doing so was the wrong thing to have done so many times that I don't take any action on bad days unless one of the rules is violated. I'm trying to be still and not doing anything rash in the midst of all the market noise Another idea that has really helped is only selling some shares. Keeping some of the position has worked out much, much better. Even when I didn't buy back shares I still participated in some of the bigger winners that headed higher. Having experienced some of the big gains I'm no longer in any hurry to sell. Increasing the number of positions has also helped quite a bit. BTT does an excellent job in picking stocks that do well but not all of them do well. I'm much more comfortable and my results are much better when I spread out my buys between a number of their suggestions rather than just four or five. And on days when one stock is doing poorly or on day's like today when the market is off, I'm still upbeat when I see a few doing very well. A couple of the ones I own have traded to new highs today. Finally, I write down why I think the stock I'm buying is the best one to buy at the time. Unless something changes or the stock is removed from their lists, I'm holding onto a least some of the position and if I've sold it I'm looking to buy it back unless there is another idea I like a lot better. Any one have any other thoughts?

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