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


To: PT1950 who wrote (13870)11/19/2015 6:35:11 AM
From: Joe Highlander  Read Replies (2) | Respond to of 14340
 
I did not quite understand placing stop after doubling up (the $s, not the shares). If at the time of doubling up you have profit on all the shares about 30%, you still put the stop at the cost basis level? Will you give the total shares that much breathing room? To my thinking giving separate stops to the added shares would be simpler. Don’t take a loss is understandable but being ready to give up all the gains regardless of profit cushion size?

Best Regards



To: PT1950 who wrote (13870)11/20/2015 2:50:26 PM
From: TedPunts  Respond to of 14340
 
Doubled down on #3 and thinking of doing the same with the #1, #2 or Sunday's idea. Right now I don't want to pyramid in more than two stocks so I'll let the market show me which one to buy. It paid off doing so with PANW and SKX.

The market call was on the mark again. I have learned to wait for them and then act on them.

Any thoughts?.