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 (13888)	12/18/2015 2:46:19 PM
From: PT1950	Read Replies (1) of 14340

I'm finding the fewer and the simpler the decisions I have to make the better off I am. I stick with the 10% SL. The purpose of the SL is to tell me when I'm wrong and to protect against a larger loss. When the SL indicates I'm wrong rather than get upset like I used to I try to figure out what caused the SL to trigger and use the reasons to my advantage. The usual reasons relate to the market and the sector/group or to news specific to the stock. Until the reasons change for the better I'd look for buying opportunities elsewhere. Two groups that haven't be doing well are the small cap stocks and the biotech/biomed stocks. Until things change for the better in these groups I'd rather look for buying opportunities in the large cap leading ideas in the group/sectors which have be doing well. Unless something changes my next new purchase will probably be one of the next new listed, larger cap BTT new growth ideas that is in one of the few sectors where the current BTT stocks are doing well. Cheers! .

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