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 (14102)	6/2/2017 9:38:04 AM
From: coferspeculator	of 14340

Hi Joe, just saw your message . . . Wyckoff was the first person and one of the very few that I learned from that suggested paper trading for a few years . . he did so for over 10 years before making his first trades . . I only know a few people that have practice traded and none of them for five years, let along over 10 . . folks will spent years going to schools and years working/learning to get ahead . . when it comes to the market folks are ready to throw money at it in days or weeks . . for whatever reason they believe they don't need to practice trade or spend a year or two to learn through experience . . foolish for sure but only in hindsight and for some they never learn . . if you can't make money paper trading you can't make it when real money is on the line . . . if you can't make money when there are no emotions (no money) in play, you won't when there is . . . like nearly everything we learn to do well it takes time and experience to do what needs to be done in a consistent manner . . easy to say follow rules but hard to do until you know just how important it is to do so in an environment of uncertainty . . if the market worked in a perfect manner, every trade would work . . it doesn't . the market is full of uncertainty so one has to learn that doing the right thing at the right time doesn't work every time . . the key to success in the market and many other things in uncertain environments is consistent execution . doing the right thing every time . . this is what produces the big wins, the average wins and keeps the losses small . . everyone talks about the evils of overtrading but we all will do it . . like most things in life we don't listen as attentively as we should to those who have learned the lessons through their own experience . . we need to learn from our own experience . . much of what we end up figuring out is the right way to do things we heard about long before but we didn't listen and act as suggested . . . we're human . . C

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