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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: TedPunts who wrote (13987)6/13/2016 12:04:16 AM
From: Joe Highlander  Read Replies (1) of 14340
 
No doubt 1 or 2 out of 10-15 listed turn out big gainers. You can name 10- 20 losers for every winner you have listed. The period under my review, I said 2 years but now I find it was is 20 months. Some of your big winners were listed before this time. And rule said- newer listed. And no doubt you are a great stock picker; I am really thrilled to see your great success my friend. I cannot match your record.

If I have some positions still at risk of loss meaning the stop has not moved above purchase price, I don’t buy next listed. Have to wait till market advances and a new listed appears to buy more. Sometimes I am still holding all positions when a future big one shows up. Rules keep me from switching. In good old days when I would not hesitate to over trade I would switch and chase. 2009 provided nearly 90% gains despite of selling BIDU for 7.5% gain, following the rules of game a strategy taught then. It seems impossible to have the kind of results I have by following the rules with discipline; but believe me I have done the impossible.

Best Regards.
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