Big Wave Trading incorporates a Mechanical Disciplined Signal Generated System and uses a Market Model system to invest profitably in the stock and futures markets. Big Wave Trading also incorporates a strict risk management system and cuts losses immediately if a new purchase does not work in our favored direction right away.
Thursday, March 31, 2005
CTCHC
I have been in this dangerous stock since the 10th this month at .75 and believe nippling a small amount at .70 is safe. I will cut my loss with a move below the .62 level. This stock has created a nice long base since Jan. 04. After having that big up day this month on its largest volume in its history, with beautiful green BOP on tc2000, and it continually bouncing off its 50 dma this speculative stock looks like a good long setup to challenge that Jan 04 area.
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