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Strategies & Market Trends : Timing the Trade the Wyckoff Way
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From: TedPunts12/20/2017 10:19:00 AM
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With the year coming to an end I thought I'd share one of the best lessons I've learned over the past years of using BTT. Maybe some others might share some of their best learned lessons they believe would be helpful.

I've found, as I'm sure others of you have, that it is the big scores that result in significant portfolio gains and 2017 has turned out to be another great year for big scores. The approach of buying new leading growth ideas and holding onto the position until forced to sell isn't difficult but it can be if unable to manage my emotions.

Buying when the market looks weak may emotionally seem like the wrong time to concentrate funds into a new idea but that's when the purchase needs to be made. Buying the same stock at a higher price when the market and stocks are rallying strongly may emotionally seem like the better time to buy but the gains are smaller. They are often significantly smaller and without the profits accrued by buying earlier, it's easy to get shaken out of the position. It's also easy think up reasons why a sale should be made. Still if the initial LP is missed, a new purchase after the stock reacts the first time afterwards has still worked for me. It's also the best time to pyramid more money into the stock. The pyramiding idea is one that I plan to put in use more often in the coming years.

There may be a better way to manage the portfolio's bankroll but so far I've found that sticking to the plan works very well.

Any thoughts?



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