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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 (13998)6/22/2016 12:15:01 PM
From: PT1950  Read Replies (1) | Respond to of 14340
 
Hello Joe,

It's nice to hear from you and I wish things were going better for you. I don't know if this will help but I hope it will.

There's a good reason I haven't had most of the weaker performers you mentioned during the July through January period. They weren't my best ideas.

I'm only interested in building my portfolio with the BTT ideas that I'm very confident dominate huge, important and growing markets These are the companies I consider my best ideas. The companies that grade top for me when it comes to buying will be the newly listed BTT ideas whose products/services are so disruptive or important in these big and growing markets that they have to be bought. There's a huge demand for them.

IMO, these are next big things. The word "big" meaning the company already is or will quickly become the dominating one in a huge and growing market. These are my buy list stocks and the rest of the stocks I just watch until BTT makes comments that might change my opinion. My buy stock list is usually only comprised of the newer listed best ideas, not ones I have profited from years in the past.

Since my portfolio usually has a few of the earlier best ideas that I'm still holding the number of new purchases will be limited. As a result I'm even more focused on buying only the best ideas.

During the period July through Jan period there were four companies that qualified as ideas I felt were big things. That's not many but when the market is weak or poor there won't be many. It took me a long time to get my mind to stop looking for something to buy. That's not the case anymore and its made a huge difference in the results.

I do own #6 and apparently so do you. There's absolutely no question that its a big idea. Compare what I#6 is doing and the size and growth of the several markets demanding its products with some of the other ideas you purchased. It's comparing the size and strength of a Goliath with a normal man. Buy the Goliaths and not only will you win more fights than you will loss, you will be in a lot fewer battles.

Be patient and wait for those ideas. That's how BTT says you should build a portfolio. Buy only the best one or two ideas after their signal and then keep doing so as long as the market and the stocks continue to do well.

So far I've found that the strategy works and I don't have do spend much time implementing it. I've come to realize there is a lot of truth in the idea that less is better.

Cheers!



To: Joe Highlander who wrote (13998)6/24/2016 7:34:05 AM
From: gunshyinvestor  Respond to of 14340
 
A very sobering post. It makes me feel better about my profits or lack thereof.