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Strategies & Market Trends : Timing the Trade the Wyckoff Way

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To: McTrader who wrote (14086)4/7/2017 6:56:57 AM
From: PT1950  Read Replies (1) of 14340
 
Superb job.

I think it is likely that many of us have tried CANSLIM and came away from the experience disillusioned. For me there were far too many poor market timing signals and far too many stocks that didn't perform. I even subscribed to a service run by a former O'Neil fund manager who purportedly was one of his best thinking I'd learn from him. That experience was equally exasperating.

Things changed significantly for the better when I began using the BTT ideas and their market timing model. I've done far better than I'd ever hoped to. I'd attribute 90% of my success to buying their newer listed growth ideas following their market signal. The other 10% I'd attribute to patience and discipline, a mindset that took me too long to develop.

Last year was an excellent one for me but not a 200% one. That's a goal and I do think I'll accomplish it in a year when the market performs exceptionally well - a year like 2013 when I did very well but could have done better if I'd done the majority of my buying early in new cycles and taking bigger positions. This is a lesson learned and now part of my plan.

Continued good luck to you. So far this year is looking to be a very good one.

Cheers!
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