Seeing lots of small caps jump lately kinda makes me jealous as my stocks are just plodding along.
That being said, I wouldn't of had a trade in the majority of them according to my trading plan.
The likes of KDR and A2M are 2 standouts that hurt more in that I have held positions in both for minor profits compared to the runs they have had. My fiddling nature has a tendency to cost me and I would be far better off having held positions longer even copping the few that go against me. Trading plan has been adjusted with a few more rules to address this.
I remember when I first embarked on Wyckoff/VSA techniques zero'ing in on the daily chart finding every 2nd bar as a test and trading a tick above the high as entry and tick below the low as a bail out. This resulted in many failed trades which would result in many minor losses. I've found myself now spending more time on weekly charts and becoming more patient with my trades which are going much better for me. Still lots to learn, but I feel I'm on the right track.
Definitely agree with you in trading your own way. I know some are shocked when I say I trade with only conditional orders lodged after hours.
- Forums
- General
- Wyckoff trading method
Wyckoff trading method, page-2259
-
- There are more pages in this discussion • 450 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm