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Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
High Probability Wyckoff Trade Setups
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
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Momentum, Volume And Price Structure
Point-and-Figure Part III
Practices For Successful Trading
Scan For Success Part 1
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Scan For Success Part 3
Swing Trading Using The Wyckoff Method
Trading Technical Analysis Signals
Trust the Process
Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
High Probability Wyckoff Trade Setups
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
Momentum, Volume And Price Structure
Point-and-Figure Part III
Practices For Successful Trading
Scan For Success Part 1
Scan For Success Part 2
Scan For Success Part 3
Swing Trading Using The Wyckoff Method
Trading Technical Analysis Signals
Trust the Process
Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
High Probability Wyckoff Trade Setups
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
Momentum, Volume And Price Structure
Point-and-Figure Part III
Practices For Successful Trading
Scan For Success Part 1
Scan For Success Part 2
Scan For Success Part 3
Swing Trading Using The Wyckoff Method
Trading Technical Analysis Signals
Trust the Process
SUCCESS
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7/31
2019
TVTY Trade #2 - Trade Management Is Key
by Frantz Herr

The trade began well:

  • Being aware of the context of where a stock is currently trading can create opportunities, and sometimes these may be counter-trend trades.
  • Overbought and oversold conditions can generate trades with good character – favorable returns quickly – even if short term. I was able to recognize the OS condition and enter efficiently.

My mistake was in trade management.  The initial move after the late March reversal had strong momentum.  Eleven straight up days before the first reaction.  I sold on day six.  This is why I will always use mechanical trailing stops in the future.

Momentum moves like the early April rally in this stock almost always continue AFTER the FIRST reaction, albeit with less momentum.  Selling even during the initial reaction in mid-April, if I had let the stock get that far, would have been selling too early.  Wait for momentum to dissipate before selling, in conjunction with awareness of potential targets (where institutional buying or selling was previously present).

I am not afraid of making mistakes.  Everybody does it.  I will take the lessons learned and improve my future trading results.

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