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: puppyb who wrote (13766)	6/1/2015 11:25:44 AM
From: coferspeculator	Read Replies (1) of 14340

Hi puppyb, I'm a big fan of paper trading . . . if you can't make money paper trading you will never do so with real money . . if you have an edge but don't execute correctly you won't win what you should and might not win at all . . the market does a great job at confusing and misleading folks at times . . experience the good and bad impact the market has on stocks when no money is involved and you'll be able to handle similar experiences when money is on the line . . one of the reasons some folks to well in the markets and others don't has to do with whether the choices they are trading statistically do very well as a group . . if you are going to use BTT ask for their reports of 11/16 and 3/15 . . there's some great advice in them and you'll get an idea of how the good the edge the new growth choices over provided over the past few years . . . . when you start your paper trading exercise I'd keep one record of every buy and sell of every new stock listed . . I'd also separately keep track of the stocks you like the most . . these are the ones you feel have the best story . . the first group will allow you to practice all the rules with every choice . . it's a great way to learn what to do and when to do it . . have questions, ask BTT. the second group, the stocks you believe are the best stories will end up being the types you will buying when real money is on the line . . when paper trading these you'll experience the times when Mr. Market causes you to sell . . you'll learn from this that unless something has turned for the worst for your favored stories, you'll be anxious to bet back in as soon as an opportunity to do so comes . . when similar situations occur when your money is on the line you won't hesitate to do what you learned to do earlier . . . having great choices however doesn't guarantee good results if you don't buy them at the right tome and manage them correctly . . the BTT results . . their edge is are based on buying at the recommended prices . . they are based on selling correctly . . . if you look through the posts here you'll find those that do well with the service probably are buying near the listed prices . . they are holding onto most of their positions for periods of six months and more . . they'll add to those positions or buy back shares sold earlier . . . those having troubles will be buying and selling at other prices for their own reasons . . . several have said they need to so a better job at buying at the right time . . others at holding on . . if they had paper traded they would have learned this earlier and it wouldn't have cost them a dime . . they'd have learned the importance of doing the right thing at the right time Mr. Market will shake folks out of positions at times . . Mr. Market can make folks buy at prices that are too high . . Mr. Market tricks folks into doing a lot of things they'll later regret . . in the process unless folks realize this is what Mr Market does a lot of folks develop a lot of bad habits . . paper trade and Mr. Market's impact on your emotions of fear and greed doesn't occur . . you experience them without losing a dime . . what you learn will pay off big time going forward . . Paper trade and you'll understand why you'll likely be repurchasing a favored choice during choppy market periods . . you'll understand why you buy near the listed price . . you won't miss tgood buying opportunities . . you'll know when and why you can buy later on . . you'll know when to sell some, when to buy 'em back . .you'll learn a lot . . best of all it won't cost you much . . . . it will take time but learning anything that is going to produce good income takes time . . most folks spend years in college and in a job before they begin making good money . . funny how supposedly smart folks think they can jump in and trade successfully without spending some time learning how to do it correctly . . . you spend a year or two paper trading . . . focus on the best stories . . . stick with a method with an edge . . have the discipline to consistently execute according to plan and I think you'll do fine . . good luck with it .

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