Australia's largest stock trading and investment forum Australia's #1 stock forum

Wyckoff trading method, page-2015

First 2015 Last

Share
Profile

Follow
gypaetus

1,270 Posts.

03/06/17

18:55

Post #: 25081938
Share

Originally posted by Beany72 ↑

Thanks for the XMD tip off, bookmarked it for some weekend reading.

I'm still trying to work out the best approach for me as I'm still developing my investment process/trading plan and find myself conflicted against different strategies. Like I know some traders do a %loss based stop loss vs a break of support stop loss. Pretty much consider me a lost wanna-be trader. As I've said previously I'm not a flexible trader given my inability to watch the live market during business days (all orders preset before market open).

I think a suitable approach is for me is to establish a core holding in a stock and then utilise trading parcels to trade on top of the core holding on the way up. The trading parcels would have a larger stop loss range. The issue I have, is I haven't been able to get on board a rising stock without being stopped out. I've been taught to set tight stops which has been beneficial on stocks such as HSO before it nose dived... wished I used them earlier in my trading days as I wouldn't be burnt so bad by CCV.

Given the comments lately, I might be looking at too small a time frame and should work do more off a weekly?

Expand

Hey Beany

Have you seen Dazzle101's post on the STT Weekend thread for a scan for rising stocks?

https://hotcopper.com.au/posts/25079718/single
2 Upvote

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Week 47 Wrap: HotCopper users' most watched; Brent lifts on Putin's scary letter; RFK dents CSL

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

There are more pages in this discussion • 444 more messages in this thread...

First 2015 Last