Wyckoff Wave Technometer is now over 50 so we want to enter a few shorts.
Sell short SPY for Model ETF Portfolio at the market, Current Price: $215.88
Sell short ORCL for Model Stock Portfolio at the market, Current Price: $39.55
Sell short GE for Model Stock Portfolio at the market, Current Price: $29.62
Click Here For Wyckoff Wave Chart 06-27-11 Our last post ended with the Wyckoff Wave at point Y. The Wave was in an overbought position…
One month after their historic launch, ETF insiders and crypto proponents alike say Bitcoin spot funds are proving an unequivocal success on key trading measures. Some 21…
Click Here For Wyckoff Wave Chart 06-08-11 Let’s pick up our study of the Wyckoff Wave at point M. Click here to view and download…
The Wyckoff Wave closed the week only slightly higher, on low volume. We had expected the Wave to meet resistance at the previous support area,…
The Wyckoff Wave finished the week higher once again as called for on average volume. We was looking for a little higher this week, and…
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Hi Guys I started with your service ProTrader Membership a few days ago. Looking at your latest rec I am wondering that you are not operating with stop orders at the time of entering the trade. Isn’t this contrary to Wyckoff’s idea ?
Related to that, what would be the related stop-orders (were do I find them?) with the short-trades SPY,ORCL,GE and Long-Trade GDX,AEM? Thanks for your reply. Roger
Hello Roger, I do normally place stops on positions when I enter, but if I am really busy trying to enter positions I might wait to place exact stop, or I might be waiting to pick exact point I want to place stop after I see a little more price action. I am constantly monitoring positions so I would always come on line and email update if I see a move near/through a stop level that I am watching. I understand that this might not be best if you are not monitoring emails and want to have stop already placed so as to not have to monitor, or be worried.
I also normally have mental stops entered on my “MODEL PORTFOLIO” tab. Currently I was using stops: GE $31, ORCL $40.06, AEM $40, SPY $218.31, GDX $20.13.
Sorry for any confusion. I will try to give more exact figures on emails, versus posting to the Model Portfolio area.
Hi Todd Thanks a lot. I appreciate. Best Roger