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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: Jindorff who wrote (14065)12/15/2016 11:24:15 AM
From: PT1950  Read Replies (2) of 14340
 
Hi,

There haven't been many people posting here since I began doing so. I think the lack of posts probably has more to do with the small number of people who know about this board and embrace the idea of only buying when the odds for big gains are most favorable. The idea of concentrating funds in only a few stocks and holding onto the ones that do well for big profits doesn't require much discussion. Some have said it is boring and from an active trader's perspective it is.

The BTT game plan is to be a buyer of the new ideas you favor near the recommended listed price when the BTT market is very favorable for buying. There's a period when it is much more favorable to do so and that occurred at the time all three of those new ideas were added. I've found this set-up to be one of the best.

If you like or prefer to trade frequently, the BTT ideas might be helpful if you are a successful trader but I've found the best way to use their choices is to follow their strategy of buying only when the probabilities favor the biggest gains. In my experience this amounts to less than 10% to 15% of the time. This means that for most of the weeks during the year I'm not doing any buying or selling. Most of the time I'm just observing how the stocks I own are performing which takes less than a minute a day.

Since there isn't much going on there isn't much to say most of the time and that might be a reason there aren't many posts. This is the most time I've spent on this board in quite awhile.

Cheers!

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