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

To: Joe Highlander who wrote (13871)	11/19/2015 9:51:07 PM
From: Joe Highlander	Read Replies (1) \| Respond to of 14340

Interesting story about another Joe in market watch marketwatch.com

To: Joe Highlander who wrote (13871)	11/27/2015 5:54:01 PM
From: PT1950	Respond to of 14340

Joe, I haven't found that adjusting the stop loss on a cost basis turning out to be a problem when pyramiding. So far second purchases haven't pulled back enough to threaten the initial position's gains. If there was a reason to believe the second purchase would fail, I could sell it and might reconsider what to do with the first but so far the second purchases have seen strong buying interest with limited selling action. I don't see any problem with the idea of treating two purchases of the same equity at different prices and using different stop losses. For now, however, I'm sticking with the pyramiding idea. Cheers!