Follow The Leader…
When a trend day hits, don’t despair if you miss the first move. If the trend
is for real, you will have at least a couple of other opportunities to enter a
new or add to an existing position.
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As you can see in the above chart of the e-mini S&P futures
(
ESZ2 |
Quote |
Chart |
News |
PowerRating), there are three counter trend rallies (pullbacks from low) on which
traders could either initiate new positions or add to existing ones, if scaling
in is your style. Don’t fret that you have missed the boat, there are always
other chances around the corner.
Until tomorrow,
Duke