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Rules-Based Trading Plan
In this new blog series, Frantz will go step by step through the process of using post-trade analysis to create a rules-based trading plan.
Lessons From Trading (Mistakes) – Blog posts in 2019
Even veteran investors make mistakes. Private investor, Frantz Herr, presents examples of mistakes he has made in order to help pinpoint bad tendencies and work on correcting them. His mistakes may help you recognize similar issues in your own trading or reinforce those things you are doing right. These are all actual trades.
Frantz Herr is a private investor and writer of the blogs, Rules-Based Trading Plan and Lessons from Trading (Mistakes) and co-host of the vlog, Anatomy of a Trade. Frantz coaches members of the Wyckoff Trading Process Group and was a presenter at the Best of Wyckoff 2021 Online Conference. Frantz bought his first stock in 1974 and has had a deep passion for investing most of his life. He retired from Merrill Lynch in 2017 after serving clients as a financial advisor for 32 years. He is now focused on managing his family’s portfolio.
Frantz has gone through numerous bull and bear markets in various asset classes during his investing life. Over the years he has narrowed his areas of investing interest and spends most of his time today thinking about two markets. He is a disciple of the William O’Neil CANSLIM methodology for growth stocks; and he tracks the market for gold and gold mining stocks. In 2016 he began to educate himself about Richard D. Wyckoff, and in 2018 became a client of Wyckoff Analytics. He has taken WTC Part I, WTC Part II (formerly Practicum), and a variety of Wyckoff Analytics’ special topic courses including the Wyckoff Trading Process Group and is a regular participant on the Wyckoff Market Discussion.
In the Wyckoff method, we know that a trading range environment is the cause building condition that leads to the eventual effect of exiting the trading range. As Wyckoff practitioners, we study the trading range to determine its bias (bullish or bearish), and to judge the timing and character ... READ MORE
Understanding the condition of the overall market is essential to trading successfully. Most individual stocks move in the same general direction. The Wyckoff method provides a wonderful framework for understanding the behavior of individual stocks as well as the overall market. The next ... READ MORE
Sometimes the setup is there and recognized, but the entry isn’t taken. This is a psychologically damaging mistake because it results in not being in a trade and repeatedly wishing that weren’t the case. This happened to me earlier this year with ZS.
Here is the setup on the ... READ MORE
This trade has had the most positive impact on my equity curve so far in 2019, but it is laden with mistakes. Bias, Character (of the expected move), and Timing are all necessary components of an efficient trade.
Late in 2019, cannabis stocks began to receive attention in the market. ... READ MORE
The materials presented in the Lessons from Trading (Mistakes) Blogs are for educational purposes only: nothing contained in any of these materials should be construed as investment advice of any kind. REGARDLESS OF ANY LANGUAGE IN ANY RULES-BASED TRADING PLAN AND/OR LESSONS FROM TRADING (MISTAKES) BLOG POST, NEITHER THE RULES-BASED TRADING PLAN AND LESSONS FROM TRADING (MISTAKES) AUTHOR(S) NOR WYCKOFF ASSOCIATES, LLC, NOR ANYONE AFFILIATED WITH THE LATTER ORGANIZATION IN ANY WAY IS RECOMMENDING THAT YOU BUY OR SELL ANY SECURITY, OPTION, FUTURE, ETF, OR ANY OTHER MARKETS MENTIONED. There is a very high degree of risk of financial loss involved in trading securities. You understand and acknowledge that you alone are responsible for your trading and investment decisions and results. Frantz Herr, Wyckoff Associates, LLC, www.wyckoffanalytics.com, Roman Bogomazov, and all officers, staff, employees, and other individuals affiliated with Wyckoff Associates, LLC, and www.wyckoffanalytics.com assume no responsibility or liability of any kind for your trading and investment results. It should not be assumed that investments in or trading of securities, options, futures, ETFs, companies, sectors or any other markets identified and described in these Lessons from Trading (Mistakes) Blogs were, are or will be profitable.
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