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

To: puppyb who wrote (13888)	12/18/2015 11:20:46 AM
From: Joe Highlander	Read Replies (1) \| Respond to of 14340

Good Morning, I expect we will hear from the more successful friends. here is what i have been doing: Initial stop 9-11% below the listed BP; if buying higher then position size When up 10% from listed BP, move stop to within 1 to 2% of the listed BP When up over 10% from mu buy, move stop to 1-2% from my buy, roughly breakeven area When up 20%, move stop to 5% gains When up move stops at 20 to 30%; and if stock can’t get higher on third attempt then move stop to 10% gain. This learned from PT1950 When over 30% gain then sell rules move to selling some on break below 50DMA, selling some breaks further down. Sell all if market reacts negatively to any news. I have no faith in price targets, so no sell at “when fully priced”. If and when see climax top, would sell some or all. My big regrets have resulted from lowering the initial stop, raising the profit stop too soon, buying at “compelling valuation”, buying below 50DMA and keeping faith when bears are goring the bulls, either due to confidence in the “story”, or letting others including the daily report and this fine board or my own due diligence says this is the next such and such; next ISRG for example.

To: puppyb who wrote (13888)	12/18/2015 2:46:19 PM
From: PT1950	Read Replies (1) \| Respond to of 14340

I'm finding the fewer and the simpler the decisions I have to make the better off I am. I stick with the 10% SL. The purpose of the SL is to tell me when I'm wrong and to protect against a larger loss. When the SL indicates I'm wrong rather than get upset like I used to I try to figure out what caused the SL to trigger and use the reasons to my advantage. The usual reasons relate to the market and the sector/group or to news specific to the stock. Until the reasons change for the better I'd look for buying opportunities elsewhere. Two groups that haven't be doing well are the small cap stocks and the biotech/biomed stocks. Until things change for the better in these groups I'd rather look for buying opportunities in the large cap leading ideas in the group/sectors which have be doing well. Unless something changes my next new purchase will probably be one of the next new listed, larger cap BTT new growth ideas that is in one of the few sectors where the current BTT stocks are doing well. Cheers! .