Elite Wavetrader Blog

My biggest problem in trading the stock market is following my rules unemotionally. I will get out of an up or down trade early because I have a small profit leaving alot of profits on the table sometimes…and will let a loss get bigger and bigger in hopes that my trade will eventually be right.

Biggest challenge is correctly timing a trade

MY BIGGEST CHALLENGE IS TO BECOME TOTALLY INDEPENDENT TRADER, AND NOT LISTEN TO OTHER PEOPLE’S OPINIONS OF THE MARKET AND TOTALLY IGNORE EVERYTHING EXTERNALLY AND ONLY LISTEN AND OBEY MY TRADING PLAN / SYSTEM

My biggest challenge is the fear that I am not making the right stock choices. The fear paralyzes me and keeps me from really getting my feet wet.

Poor risk management. Failure to cut losses before they blow up the risk/reward ratio.

Biggest challenge is to find a system (tools, techniques, and methods ) to ensure steady account growth and and produce a reliable supplemental income. ( Economy decline caused a loss of my job last December)

My Biggest challenge is finding stocks and narrowing the range of stocks to watch. Seems that by the time I recognize a move the risk/reward seems too low. Can you help me ??

Mostly ; not having a scan/screening tool to get a watch list. And there-after; not having a “focus list” of pre-qualified stock’s. * Thus , falling into the trap of making note of hundreds of ticker symbol’s of the latest “hot-story-stock” , that i never have time to do a proper amount of analysis on.

Biggest challenge is starting, with little extra in capital to utilize. How do I start?

Buying is relatively easy (identifying the start of a run not easy). However I have found participating in the largest part of a run and having an exit plan takes skill.

Well..the Elite Wavetrader system can definitely help with many of these challenges…it’s all about following the rules and although I’m not offering the system as a panacea or “magic pill” what it will do is give you the trading discipline to overcome many of these challenges…so I look forward to seeing you on the webinar next week!

This is where the Elite Wavetrader system truly excels at Leo…learning to filter the potential trades based on the ongoing price action will help tremendously with the amount of time to decipher strength vs. weakness in a stock…

My biggest challenge is finding the correct stocks with the correct DNA to buy and recognizing the convergence zones and buy points. My watch lists are usually too large to actively manage.

This will probably disqualify me, but my biggest problem is not having enough money to start trading.

Mostly: accurate analysis of a pre-move or breakout of a stock that has enough momentum to keep a risk reward ratio at or near 7:1. and, believing in the analysis i have done on a stock. Sometimes i am right, and a lot of the time wrong. Heck, somebody could make an indicator out of me – 80% of my stock picks are poorly timed or just plain wrong. However, the wisdom that pours from your lips has me extremely excited that i am about to cross over into the land of success. Greatly looking forward learning your wisdom so that i can stand on the shoulders of a giant!

getting into a trade early in its run-up

how to handle multiple trades in different timeframes.

Glenn-my stock scoring system would help a lot with that…obviously the more levels of information you have the better the odds of success but one of the things that has helped me tremendously is understanding price performance inside of certain time frames-simply what does a stock do after it catches your attention…when you understand stock cycles it acts as a gauge for strength or weakness-target the best ones displaying strength and then things can get very interesting-fast!

Greg-stock timing and stock selection can be an art-and don’t feel that you are in the minority…the key to success at momentum stock trading is when you win-win big and when you lose…try to keep the losses to a minimum…my system is designed to increase your odds of success but it is not a Holy Grail. What it will do is keep you in superior stocks when market conditions are right and lessen your chances of picking inferior stocks with the stock scoring system I use…

Finding the best possible entry point with the least possible risk.

Position sizing correctly on the big winners.

… and cutting my losses quicker to protect equity.

The biggist problem I have with trading is formulating a trading plan. I have ideas on trading and finding stock picks, but I don’t really know when it’s time to enter and exit a trade, and the trade size to use.I don’t know how to figure risk to reward, so I can’t be sure which stocks to buy out of a given watch list. And finally I have trouble with establishing protective stops correctly.

Type your comment here…
Finding the stocks and knowing when to enter and exit the trades. I’m tired of learning the hard way and hope that I will learn from an expert like you. I’m going to be a professional trader! I have decided that is what I want to do.

my challenge is the multiplicity of trading strategies available and my inability to effectively analyse and then sellect one and stick with it. I.e. formulating and sticking with a trading plan. I go into analysis paralisis and end up missing the entry points. I have enjoyed listening/reading what you have to say, and maybe this time I might have found a trading plan which could make sense and which I will stick by.

My biggest challenge in trading is maintaining the discipline to follow my trading plan. I may spend days or weeks crafting a logical, methodical trading plan to reduce or eliminate any emotions only to see all my planning tossed aside when my pick makes a rapid rise…or decline….. My emotions take over and the result is getting out of a good trade too soon, or foolishly staying in a bad trade too long–hoping for a recovery.

Patience is my biggest challenge. Second, is a strategy in which I have sufficient confidence to pull the trigger when it needs pulling.

Carl-the emotions will always be part of the trading game unless you of course are content with building your account up conservatively but very slowly…what my system will do more than anything else is give you rules for trading and cycles for determining strength or weakness…discipline is a lot easier when you are buying the diamonds instead of the dogs (or at least allocating capital appropriately when you stray from less than stellar stocks…)

Understanding market and stock cycles will help you tremendously with that Millowena…if you haven’t had a chance to download the Triton Convergence report on the sidebar please do so….

Biggest challenge is determining what methodology or system will work for the individual among all those being sold by vendors on the internet.

Three challenges that link together:

–false breakouts
– when to enter a trend — with reasonable stopplosses
and confidence
– how to know when the trend begins and how long does it continue

Good and trusty indicators and ability to analyze stockcharts (find correct resistance and support lines) are the key to success?.

My challenge would be market timing in relation to Entry and exit and also unable to find the potential stocks on time.

Developing a final trading plan and sticking to it is my biggest problem…..keep jumping or adding methods or techniques intead of defining on set of solid rules and stick to them……may be fear of missing moves….

Finding a system that will allow me the time to continue with my day job until finances allow me to trade as an steady income stream.

emotion

My biggest problem is I have too many problems, but one of the top ones is perfectionism. Everything has to be just right.

letting emotions scare me out of a trade when it is going against me

I need a system or strategy to flag the big movers before they have gone too far to catch, or with a reasonable risk / reward .

My biggest challenge is how to correctly estimate the risk/reward ratio so I know going into a trade what my parameters are.

Jorma-with the proper stock timing rules combined with scans that filter out for the best prospects the challenges you mention are dealt with extensively with the Elite Wavetrader system and can be overcome quickly…simply by following a methodology that is all about stock timing..

Biggest challenge in getting into a trade is:

#1 Knowing which Stock to trade

#2 Having precise time in enter a trade

#3 Knowinfg when to exit the trade

Ray Olewiler

My biggest challenge is having the confidence in the system.

Finding a stock ready to make a significant move to use options. I am seeking a short term trade for 1 to 3 days for a double.

Without that ‘key element’ I am exposed for a time period that makes me uneasy w/my options trade.

Anything close to your description would be a wonderful help.

By biggest problem is trying to sort out so many “big money” trade advertisements for “Breakouts” in penny and even blues. To add to the confusion are all the free picks on tv and some of the more believable web letters. I have lost so much trying to follow some of these picks.

need help, picking stocks, always picking loosers and bailing out with loosers

I know some of the trades that we claim the system has generated may be hard to believe…but the proof in the pudding, as they say, is to see for your own eyes. In the webinar I’ll personally show you many of the real world trades the system has generated-I hope you can make it.

I struggle with risk and reward. Often times I lose confidence in the trade and sell early, losing potential profit or sell late and create unnecessary loses.

I dont know when to get in or out? thats way i have mutal funds. I know very little about trading.

I think I need to learn technical analysis to be more confident.

What is holding me back from success in trading?

I believe that my biggest problem is that I seem to keep looking for the ‘Holy Grail:’ (when there is none) and I just need to “start doing” with one proven method & give it a real chance before going off and looking again.

Perhaps the Elite Wavetrader would be the answer.

Dale-the Elite Wavetrader system excels at simple and easy to learn trade entries and exits with our TSS Cycle trader approach to the markets, no complicated “etheric” technical analysis-just simple stock timing models I developed after my study of the stock market’s biggest winners of all time….you will be amazed at the consistencies. I hope you can be at the webinar to see what I’m talking about.

What type of risk management is used with your system?

Biggest challenge is determining what methodology or system will work for the individual among all those being sold by vendors on the internet. There are many options to choose from and all claim fabulous results. What percentage of the recommendations are profitable? Easy to recommend 100 stocks and have a few become big winners. However, that does not yield a strong return across the board. Would like to learn to choose wisely and know when to exit at the appropriate time.

Determining which system will work for the individual investor from among all those being sold by internet companies. There are many options to choose from and all claim fabulous results. What percentage of the recommendations are profitable? Easy to recommend 100 stocks and have a few become big winners. However, that does not yield a strong return across the board. Would like to learn to choose wisely and know when to exit at the appropriate time.

Would like to join a trading room that supported the “team” of people learning this program.

My biggest problem is stop management when in a trade. Knowing when the move is strong and just needs some room to move versus when the move is ending and needs a tighter stop to preserve profits.

…..Proper trade allocation based on the stocks “score” Dennis…we vastly decrease the risk of trading hot stocks by paying attention to how the stocks price action performs within defined cycles. Low scoring stocks telegraph one level of trade allocation whereas hi-scoring stocks have a different position sizing allocation.

John-the stocks in our TSS Cycle trader service are usually some of the best performing stocks in the market…and as far as the number of big moving stocks vs. the number of recommendations I would say that probably 50% of the stocks that jump through the right hoops after a trade recommendation (the ones that display strength in their consolidation zones) go on to substantial gains 30-50%+ many much more On a weekly basis generally not more than 5-7 stocks on average are in the “pull the trigger” now section of the trading pond…and of these maybe 1-2 are highlighted as strong “doubler” prospects. On a monthly basis that is only a handful. As an ongoing subscriber of the service much of the filtering is done for you.

The biggest challenge is grabbing the right market direction and staying with it. It just appears that you need quite a bit of luck to be able to find a stock that doesn’t give you all kinds of misleading noise along the way. Even when you’ve picked the right direction, without a good methodology that allows you to properly foretell what might lie ahead, you’d not have enough confidence to stay with the stock for the entire leg. A methodology that allows you to confidently capture the whole leg, to me, would be the panacea for winning just about everytime. The Elliott practitioners claim that they’ve pretty well got it made, but I find the wave counting to be subjective and easy to be off the target, unless you have a way to ensure that the wave counts are proper. I’ve heard about the Chaos Theory, and it is supposed to shed a little light on this, but I have yet to do my exploration. Due to the lack of confidence in staying with a swing, I’m at best a daytrader, chasing the very short swings during the day.

My biggest challeng is knowing the proper setups for entry and where to exit positions on a short term intra-day basis.

There are many challenges to a trader by nature, discipline, method, money managment, etc. But what I found is that others can be learned through some training and experience. Only one thing struggles me is that how to consitstently find the gems/dimonds and good method to time them. I have seen many big runners without me or captured some occasionaly but only got a ripple of it rather than the whole big move. There are lots of stuff on the market and some are good. But no one dealing with this or matching my perspective. Hope this will be the right one.

Allan-I agree with you about the subjectivity of Elliot Wave and Fibonacci for that matter….the most reliable indicator I have found is proper trend line placement and the key based on my experience is using the correct timing models for this…simply based on periods of time depending on where a stock is within a “super-cycle”. It is the single most reliable indicator to me that a stock is ready for its next bull leg.

My greatest challenge has been finding good prospctive stocks. Reducing large watchlists to a number small enough to work with has been a painful process and does not always results in good prospective trades or timely trades. Will Elite Wavetrader over come this cumbersome pitfall?

The Elite Wavetrader stock scoring system will help you much with this Karen. The best stocks in the market usually have the highest scores and focusing on these will automatically thin out your watch lists significantly.

My biggest issues is finding an then holding the best stock in a market cycle. It always seems that either my stops are too close or I’m too late on entry. Most of my time is spent trying to decipher the market and when I have a lot of the big moves have already occurred.

My biggest challenge is hesitation or pulling the trigger after finding the right setup and watch the stock keep going up.

Know I’m supposed to, but rarely check long term weekly, much less monthly equity charts to get an idea of the type of move I should be looking for. If, as advertised, elitewave trader may allow me to avoid this research.

I am very new to trading and do not have a large bankroll to play with. You mention giving away a copy of your system along with a 45 day gaurantee for those purchasing your system . . . sounds interesting to me! You also discuss how your system can work for people who do not have a large account to start off, also interesting. Either way, perhaps I can pick up a thing or two from your webinar.
Thank you for the opportunity.

The biggest challenge has been to determine the entry and exit point to enter a potential trade. This lead to the reluctance to pull the triggle to enter a trade till it is too late. From what I have seen on the video Elite Wavetrader system seems to excel at simple and easy to learn trade entries and exits.

Finding good exit points.

As you may have noticed from a few of my reports timing is everything in the markets…proper trade entry is made a heckuva lot easier when you draw trendlines properly. If you are skeptical about this go back and look at any big winning stock and you will see that early in its run there was one particular trendline that when broken through the stock was then off to the races. This is where the Elite Wavetrader system excels…avoiding unproductive consolidation zones and waiting for optimal entry points. And as far as exits go..depending on the stocks price range and levels of liquidity there are highly predictable cycles to work with to make sure you don’t leave the trade too early or stay too long.

My biggest challenge is in entering quality stocks for the impulsive big moves in the shortest time frame possible and exiting before giving my profits back to the market.I have tried penny-stocks to get % moves but too low strike rate. Trading quality stocks also gives you ‘liquidity’ i have used elliotwave but i found the move is well on its way before the prior wave count is confirmed. Timing and price are by far the most important factors in trading.

My biggest challenge lately has been to pull the trigger on stocks that I think are getting ready to make a run. I come across stocks that have nice patterns and I place them in a watch list only to sit and watch them take off or go sideways. When the stock starts to make its move I’ll just sit there and make excuses for the move or tell myself when it pulls back to this point buy it and I never do. It seems to be a fear of not making the right choice in buying the stock or fearing that this is a false breakout. I was buying long term options to combat some of these emotions but with the markets being the way they are today it is a little to costly to be doing this now I also seem to lack the organizational skills to maintain a proper watch list. I put all these stocks in different watch lists and then they seem to get lost in the list and I miss a lot of good trades because I don’t want to be chasing the markets.
I guess what it boils down to is I am looking for consistency in the way I go about my trading and in making profits from my trading.
Cheers,

I don’t trust the stock will continue increasing in price. I just can’t pull the trigger.

is finding the setups without having to set in front of the computer all the time , i also get distracked and have trouble focusing. I have not been successful and wondering if i ever will be.

Taking the trade.

I can’t seem to stop looking for the ‘Holy Grail’, so I do not know what my mental problem is, since I know there is no ‘Holy Grail’.

It is like I have to have one more drink (search for the next best thing).

My biggest challenge seems to be just lacking the confidence to just move forward; to just do it.

My biggest challenge is finding the best stock to get into at the best time, whether the stock is going up or down.

The biggest challenge has been to stick to a definite methodology or trading plan which one can trust. I keep searching for a system where the following simple stats are readily and easily available: 1) % of winning trades 2) average profit per trade 3) average loss per trade and 4) MAX account drawdown encountered when applying the system. But most systems available do not provide these simple stats which would enable one to trust the system and apply it in real time. Therefore, the search for the “holy grail” continues…