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.
Monday, April 04, 2005
Longs that are speculative. Dont play them unless you are a PRO.
First off: When i pick these stocks these are after the bell has closed. I then look at the chart. If it is breaking out on huge volume, I will see if it pulls back to its pivot. If it does I take a tiny position to play the speculativity of these. Look at my past comments on SILCF. And if there has been a previous run-up in prices for a couple of months on huge trade, then a pullback that hopefully last a couple of months that also bases around its moving averages, I will then take a position if it breaks its basing pattern on huge trade example today is DLK. I will nibble if it hits .45 cents a share.
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