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: Joe Highlander who wrote (14034)	9/27/2016 7:09:21 AM
From: eslos	Read Replies (1) of 14340

Joe, I for one find the rule of selling when prices are trading at analysts highest targets. I use an app on my Iphone called Stock Ratings. It's gives upgrades and downgrades on stocks and also had those updated prices targets. It's the most efficient way for me to get those targets. There are other ways. Recently and it might just be coincidence, No 6 was trading right at the average of the top 3 price targets I found. The stock had had a great run already and a report was coming out soon. Selling some would have been a good idea to lock in some gains. The stock did go above that average by a few points but then came down. Report came out and now the stock is well below those highs. Coincidence? Maybe? Was the rule helpful? Possibly. I started looking at the highest price targets of No 4 recently after it started moving recently. The stock was trading a couple of points above the highest target average, again....stock went up a couple of points and now now pulled back below that average. Coincidence? Maybe. I know some folks who think those targets are rubish and would never use them. I believe it's another useful tool. I also know and understand that some stocks go above thise targets and never look back. I'm currently holding a WL stock which is about 20% above the highest price target average. The stock was already trading maybe 10% above the highest target when first bought months ago. Would the rule have kept me from buying the stock? Shouldn't it if I put importance on those price targets? There has to be another rule to say disregard when buying a stock when first listed. Now its trading 20% above the average, should I completely get out since it seems it's way overvalued? Other rules should keep me in the stock for a longer move. In comes the hold for 8 weeks rule which the stock triggered by moving 20% in two weeks when first bought. For me, the hold for 8 weeks rule trumps the sell all or some at highest price average rule. It has to if I ever want to make big gains. For whatever my rambling is worth, whatever rule you follow, you must follow it religiously. At the end of the year, go back and review how well that worked and make adjustments if needs. Another rule that has been a lifesaver for me has been the rule that has us sell some of our account is a certain % from account high. The rule has scaled me out of margin at the appropriate time twice in the last several months as the market and my positions have pulled back. Going back to review this year will show me that I was able to keep my gains on market pullbacks and keep account from taking a big hit by following this one rule. My two cents and then some for what they're worth. Los

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