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Strategies & Market Trends : Timing the Trade the Wyckoff Way -- Ignore unavailable to you. Want to Upgrade?

To: Steve from CA who wrote (13693)	4/9/2015 9:06:12 PM
From: Joe Highlander	Respond to of 14340

Hi, Steve, Good to hear from you. These are nice people. No you will not be banned. There was only one person banned in past 6 years; he really got upset and let the anger show. We, including MR. C are subscribers to the service because we don’t know of any better service and we are sure we will need to work very hard and long if the service was to close. The first thing we need to do is to be very careful about the risk we take and not lose much of our trading capital. But we do not paper trade and do not form our own rules and neither have we followed one the methodologies being taught in the reports. Even though people are very successful now, they have been through hell. The daily report writers, referred to as T, had opened up to us and disclosed how hard it was for them in the beginning. If have done so already, kindly read all the posts by PT1950. They are my favorite posters here. They tell us how difficult they found to be successful. Mr. C has been at it for several decades; had formal training; took courses; this is the profession he has had. He is grandfather of many now. He has been through rough times. Roy is one of the most polite people around and successful but will readily admit that it is not easy. About not talking about losers and mistakes- that is the proper psychology of many of the successful people in this business. That is what we should do too. No doubt some of us came here with expectations which are not met and will never be met. We follow this service because we don’t know anything better. Our job is to make some profit and not focus on irritants. There is no shortage of irritants but we should be able to just smile about them and let them be. More support here had adverse effects too. People would buy what was being talked about- at much higher prices than the talking people had bought for example. There were services in remote past, as you know, that were so confident that they had model portfolios, updated just once a month and put up fabulous records. But then market changed and they lost big time. We got to strike a healthy balance between taking help and doing our own decision making. MR. C had said that for many of us it would be better to invest in mutual funds than in stocks. And he is absolutely correct, though we felt uncomfortable hearing that. But we decided to try any way. Please feel free to ask away if any questions. Never know may get a useful answer. Best Regards.

To: Steve from CA who wrote (13693)	4/10/2015 9:07:40 AM
From: TedPunts	Respond to of 14340

If you want my advise, I'd recommend you direct your questions about the BTT strategy to BTT. The Chinese "N" company triggered an A+ Buy on March 17 if following the BTT NGI rules. Their buying rules are discussed almost everyday and are listed in a clear, no nonsense manner in every report. If you liked the company that was the day it could have been bought. The stock moved up through their recommended listed price on huge volume, producing a big bullish bar on a day when the market war rallying. It probably can't get much better than that. The stock was under strong accumulation for six straight hours that day, rising over 20% on huge volume compared to the volume on most days. I'd call that a very bullish sign. If you don't want to buy when these opportunities occur that's your option but trying to blame BTT because their rules don't match your ideas or infer that others wouldn't be buying is off point in my opinion. I follow the plan. By doing so I participate in the big winners that were bought at the right time. I also participate in the ones that don't work out. Anyone that liked the Chinese stock and bought per their rules to is going to make money with this one. The stock is up almost 50% in a month. Maybe it will be one of the 30% or so of their choices that post triple digit gains, maybe it won't. It only matters to those that bought it.

To: Steve from CA who wrote (13693)	4/10/2015 10:13:30 PM
From: Tokendude	Read Replies (3) \| Respond to of 14340

Hi Steve: I truly understand your frustration with BTT. This is my second go round with them. I had the service previously for three years, failed miserably, and finally quit it. I can't speak to the reasons BTT isn't working for you, but I will list what I did wrong below, and I bet you will be guilty of at least some of my mistakes. I didn't follow their methods, but instead thought I was smarter than them because I had been studying this stock stuff for over 15 years and tried to apply what I thought was a "better way" instead of doing what they recommended. So here are my PRIMARY mistakes as I reflect back on them. 1. I was overwhelmed by the amount of information they sent daily and so I either just skimmed the daily reports or else didn't read them at all. When I canceled the service after 3 years (3 x 52 x 5 reports/wk = 780) I had received roughly 800 messages from them. Of those, nearly 350 or half of the messages had never even been opened. 2. I rarely bought at the LP, instead buying after the market had begun to accelerate. This caused even the smallest shakeout or reaction to hit my stops, usually for a loss. 3. On several occasions I held on to stocks way, way after they had dropped below their exit points because I didn't want to take the hit to my account. Keep in mind I entered at the wrong places to begin with, so I didn't even have the cushion of a little profit from the LP to help ease the blow. It got to the point twice where I didn't even want to look at the price daily because I was afraid to see how much more I had lost. Finally I closed those losing positions, and as many will probably guess, they proceeded to rocket back up from a very oversold position (NOTE: 1 stock didn't and has now since been delisted). 4. On the occasions when I was holding winning positions, I would monitor the positions throughout the day and often would close out what was a good choice on a small shake out. You can only determine what is a small shake out IN RETROSPECT. While it is happening it will look like the bottom is falling out, and you will panic every time. Many of those positions went on to be over 100% gainers AFTER I got shook out of my position. This is a very hard habit to break. Even now, I fall back into this habit from time to time. I owned #B last year, and although I took a reasonable profit out of it (37%), it is now up over 150% from MY purchase price. One could argue I actually made a reasonable decision to sell just before the big decline in October. You will never get 100% gains thinking like that though. The problem is then compounded because I never bought back in when it crossed back above the 10WMA (classic BTT repurchase). 5. I was too impatient to enter the market when I had extra cash, and would make purchases at non-ideal times. This would lead to buying a stock way above the LP, often when the market was beginning to be overbought. According to BTT the lowest risk times are when the market is moving from stage 4 to stage 3 or from stage 2 to stage 1. This only happens a few times per year, if that. It can be hard to wait. 6. I didn't follow any of the BTT rules. So, now I am in my second go round with BTT, having been with the service about 18 months (renewal is in late summer). This time I am trying hard to avoid all of the above mistakes, but it is not easy. My account is +55ish% since that time, and I've left a lot on the table that could have made it much higher. Still, I am more than satisfied with their service. My advice is check yourself against my mistakes above. Print out every report when you receive it and thoroughly read it, making notes or highlights around the most significant parts. Don't get frustrated when you miss buying a good one; there will be others. Keep your losses manageable. Try hard to let the profits run. Roy