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 (13896)	12/21/2015 3:17:15 PM
From: puppyb	Read Replies (1) of 14340

Hi coferspeculator, Thank you for your suggestions. Several months ago, you suggested to keep record of every buy/sell of every new stock listed, and separately keep track of the stocks I like most. Thank you for this idea, I am doing something like this. The first one helps me to refine my trading rules. 10% trail stop is not good for volatile stocks for sure. I might give more room with %, use support level or combinations. Stop orders are for protection, I need to avoid overtrading by setting stop too close. You said: if you go back and look at most of the big winners they came in more than 10% at times . . its the same for stocks that didn't do much . . how are you going to figure out which to buy back and which ones you won't if using a trailing 10% stop loss . . try it out anyway and see how well it does . . I don't understand why repurchase decision will be different whether it was sold due to trail stop or any other reason. Could you elaborate more on this? Thank you, puppyb

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