My biggest con with the WT Style is that it leads me to mimic the b/o of candles/1min micropullbacks to the higher priced stocks/bigger cap companies which JUST DOESN'T WORK and indulges me to scalp/overtrade which at the moment snowballs into revenge/emotional trading.
My 2nd biggest con is that it works on smallcaps but there will be entries where it will just whipsaw you past your arbitrary stop loss point as shown during Ross's March/April troubles during a non-bull market.
This last 2-3weeks, I've been playing more higher priced stocks with market caps $10-$100+ Billion dollars. I feel much more comfortable playing these except for the fact that it makes me feel like the money and time i've spent in WTPro has been useless for the moment. I know in the long run, WTPro is worth it as the content really is worth it, it's just that the style is just not for me at the moment. I will be applying it once we have a hot market like a sector play or the January effect again though.
On 10 May 2017, I had 100 shares NVDA with avg of $111.6 to start the day.
On 16 May 2017, NVDA Closed the day ~$137
Instead of gaining ~20%-37%, I only got 3-4% of it...
NASTY Lesson... Biggest opportunity cost was the fact I tried micromanage/scalp NVDA positions instead of just swinging it.
I'm still going to be trading the style as planned til end of July but with an even more restrictive set of parameters and no more 1min micropullback trades.
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