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: coferspeculator who wrote (13880)	12/8/2015 3:38:54 PM
From: Joe Highlander	Read Replies (1) of 14340

I will guess that you have same stocks in 4 stock margined account and 3 stock cash account; just 1 omitted in cash portfolio. Do you use same selling rules for both portfolios? My paper trade using PGPG rules is not encouraging. As for the number of stocks in portfolio, I think it depends upon experience and comfort. Someone who had good success with 3 to 5 stocks or is just not comfortable with having less that $$ in a stock will have few stocks. Other person who had good experience with a bit wider net, or a person who is not comfortable with more than $ will have relatively more stocks. Person with fewer stocks need not worry that one or all of the current fast gainers are missing from the portfolio. Same way person with 10 stocks need not lament not having more shares in their fast gainers. About the new way of adding to gainers with more upside potential, if the second buy comes closer to 25-30 % higher than the first buy, so stop is 12 to 15 % below the second buy, I would be comfortable with that. If the second buy comes near 40% or more higher than the first buy, then I would not be comfortable with a stop 20% or more below the second buy and accepting to give up all of 40% gains on the first buy. So, I still feel that a separate stop for “Pyramid buy” is better plan. If I read it correct, there was a note at website that come middle of February stop orders and good till cancelled orders will not be accepted at NASDAQ and NYSE. What do you know about that? Will brokerage firm still keep track and execute such orders from retail customers, or we will be using trigger alerts and then placing market orders? Best Regards.

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