From the Trading Desk

Stocks Add to Gains

Another solid day for the markets with big gains and volume too. We continue to reap the benefits of being long this market. While complexity sells out model boils down to proper risk management and following price action. Geopolitical risks are baked into the price and its useless to figure out what may happen. Follow price and as long as you cut your losses you too can reap great benefits. What a nice start to the week and while we are not being blown on over by price gains we will take what this market gives us. Stick with the trend.

We advise people to stick with this trend, but have your exit plan. Know when you are getting before you get in. Most people have no idea where their stops are more where they will take profits. This is a must prior to any entry.

Let’s see how this market reacts after these two days of big gains. Keep grinding!



Take a Free Trial with Big Wave Trading

Speak Your Mind