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Henry O. Pruden Certificate
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5 MANDATORY COURSES
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Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
Swing Trading Using The Wyckoff Method
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
High Probability Wyckoff Trade Setups
Trading Technical Analysis Signals
Momentum, Volume And Price Structure
Mastering Intraday Flow Analysis and Trading Strategies
Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
Swing Trading Using The Wyckoff Method
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
High Probability Wyckoff Trade Setups
Trading Technical Analysis Signals
Momentum, Volume And Price Structure
Mastering Intraday Flow Analysis and Trading Strategies
Wyckoff Market Discussion (3+ months) - Use Once
Wyckoff Market Discussion (3+ months) - Use Once
Swing Trading Using The Wyckoff Method
Improving Your Wyckoff Swing Trading Results
Intraday Trading Using The Wyckoff Method
Long-Term Campaigns and Tactical Swing Trades
High Probability Wyckoff Trade Setups
Trading Technical Analysis Signals
Momentum, Volume And Price Structure
Mastering Intraday Flow Analysis and Trading Strategies
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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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