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 (13788)	6/11/2015 12:04:50 PM
From: coferspeculator	Read Replies (1) of 14340

Hi puppy, you will need to track the buys and sell manually . . that way you can write down the reasons for buying and selling . . Fidelity let's you develop watch lists . . . the others probably do also . . you could make one of the watch lists the puppy paper trade list adding columns for the equity name; the date bought; the purchase price; the today % gain; the % gain and any other columns they offer . . when you buy the stock you add it to the list with the purchase price . . the watch list will enter the date bought and trace the gains or losses on a daily and over the total hold time . . when you sell it compute the gains or losses and enter the results manually on paper for logging the results take your time . . for most BTT is all about building a portfolio of stocks . . you are building and managing them like a fund manager does a mutual or hedge fund . . the big bucks are made in the big winners . . acting as a fund manager you could have this as one watch list if looking to trade in and out of choices have another trading watch list . . here you are trying to time your buys and sell in the short term . . it's very hard to do and requires 100% attention most of the time when the markets are open . . it's really a full time job and one most have neither the time or temperament for over the long run . . it also requires making buys in size . . you have to push millions of dollars through the broker every year when targeting 10% gains to make any real money . . if right half the time on 10% and wrong the other for -5% a million bucks traded nets $50K . . . a short term trader right half the time and wrong half the time is a very good trader . . most won't come close . . . the $50K net takes a thumping at tax time and the broker get's their cut . . good luck wit it . .

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