Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: puppyb who wrote (13766)	5/31/2015 8:36:39 PM
From: Joe Highlander	Read Replies (1) \| Respond to of 14340

I think you have to be very comfortable with uncertainty to make a game plan. We don’t know and nobody knows what the market will do. Will there be another once in a life time opportunity created by market drop by 50%? How soon? Is this now “secular bull market” that will go up for a decade with only mild and brief pull backs? So it is really like walking in dark on a jungle path where we can see clearly behind us but it is pitch dark in front of us. We don’t see our feet, just can feel them. We can only sense if our feet are climbing, descending, or even while we are walking. There may be gentle up slope, steep rise, or a flat path in front of us; or the next step is beginning of a descent in a canyon or a ravine. Then this methodology is aggressive and we have to provide the defensive element. Not lose much of our investing line. That is control the risk, invest slowly; add more only when what is invested is reasonably out of risk of loss. The problem with waiting for market pull back- oversold in this methodology- is that not all the market timing signals are productive. So we still have to work with uncertainty. If paper trading, you will continue that till you are convinced that you know how to deal with the uncertainty. And that, hopefully you find that the methodology does have edge and if faithfully executed probably provide gains over intermediate to longer term. The main issue, as you very well know is deciding if this methodology does indeed provide an edge or not. If it does indeed provide the edge then all we have to do is follow it without any fear of loss, fear of missing out; not change if we have few losses in a row and never ever get arrogant or euphoric if we have few gains in a row. and not have gambling type risk taking tendency. Best Regards.

To: puppyb who wrote (13766)	6/1/2015 11:25:44 AM
From: coferspeculator	Read Replies (1) \| Respond to of 14340

Hi puppyb, I'm a big fan of paper trading . . . if you can't make money paper trading you will never do so with real money . . if you have an edge but don't execute correctly you won't win what you should and might not win at all . . the market does a great job at confusing and misleading folks at times . . experience the good and bad impact the market has on stocks when no money is involved and you'll be able to handle similar experiences when money is on the line . . one of the reasons some folks to well in the markets and others don't has to do with whether the choices they are trading statistically do very well as a group . . if you are going to use BTT ask for their reports of 11/16 and 3/15 . . there's some great advice in them and you'll get an idea of how the good the edge the new growth choices over provided over the past few years . . . . when you start your paper trading exercise I'd keep one record of every buy and sell of every new stock listed . . I'd also separately keep track of the stocks you like the most . . these are the ones you feel have the best story . . the first group will allow you to practice all the rules with every choice . . it's a great way to learn what to do and when to do it . . have questions, ask BTT. the second group, the stocks you believe are the best stories will end up being the types you will buying when real money is on the line . . when paper trading these you'll experience the times when Mr. Market causes you to sell . . you'll learn from this that unless something has turned for the worst for your favored stories, you'll be anxious to bet back in as soon as an opportunity to do so comes . . when similar situations occur when your money is on the line you won't hesitate to do what you learned to do earlier . . . having great choices however doesn't guarantee good results if you don't buy them at the right tome and manage them correctly . . the BTT results . . their edge is are based on buying at the recommended prices . . they are based on selling correctly . . . if you look through the posts here you'll find those that do well with the service probably are buying near the listed prices . . they are holding onto most of their positions for periods of six months and more . . they'll add to those positions or buy back shares sold earlier . . . those having troubles will be buying and selling at other prices for their own reasons . . . several have said they need to so a better job at buying at the right time . . others at holding on . . if they had paper traded they would have learned this earlier and it wouldn't have cost them a dime . . they'd have learned the importance of doing the right thing at the right time Mr. Market will shake folks out of positions at times . . Mr. Market can make folks buy at prices that are too high . . Mr. Market tricks folks into doing a lot of things they'll later regret . . in the process unless folks realize this is what Mr Market does a lot of folks develop a lot of bad habits . . paper trade and Mr. Market's impact on your emotions of fear and greed doesn't occur . . you experience them without losing a dime . . what you learn will pay off big time going forward . . Paper trade and you'll understand why you'll likely be repurchasing a favored choice during choppy market periods . . you'll understand why you buy near the listed price . . you won't miss tgood buying opportunities . . you'll know when and why you can buy later on . . you'll know when to sell some, when to buy 'em back . .you'll learn a lot . . best of all it won't cost you much . . . . it will take time but learning anything that is going to produce good income takes time . . most folks spend years in college and in a job before they begin making good money . . funny how supposedly smart folks think they can jump in and trade successfully without spending some time learning how to do it correctly . . . you spend a year or two paper trading . . . focus on the best stories . . . stick with a method with an edge . . have the discipline to consistently execute according to plan and I think you'll do fine . . good luck with it .

To: puppyb who wrote (13766)	6/1/2015 3:42:55 PM
From: TedPunts	Respond to of 14340

For what it is worth I've found focusing on each new idea as they are offered and making a decision then on whether to buy or not has worked better for me. On average there are three to four ideas a month which works well for me. I usually find the one that works best for me has a model and market opportunity I easily understand. I initially built my portfolio by buying mostly the newest ideas. When I began trying to buy others at higher prices I didn't do as well. That might have had more to do with the market but I'm back focusing on the new ones. Now that I have most of my positions filled I don't need to be tempted to look at too many others.