Tuesday, May 26, 2009

Trend Trade

Hi Guys,
I have received several comments/questions about getting with-the-trend opportunities on trend days. Obviously we had a trend day today and trading to the long side was where the big money was. There were very small pullbacks making it difficult to take a long position. We all hate buying at the high. Here is an example of a long trade on a small pullback with good location. On day's like today, you gotta take what you can get.

At some point we need to get the idea that the market is likely going up. Even if you are looking for counter trend opportunities, like I was, you need to find good locations to go with the move.

I hope this helps.


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