This comes from Stephen M, one of the leading SpikeTrade Members. I hope that some of the responses will include charts! – AE

I would really like to see a blog topic on entries started. It seems that the group is missing some nice gains as a result of picks for some but entries for others. Take LDK for instance. Up 114% for the week. It showed a beautiful descending wedge and bullish divergences on the weekly chart on Sunday. On Monday it took off. It seems to me that a key objective in front of a tremendous bullish background is to “get long.” I remember watching an old VHS tape of you on the “Triple Screen Trading System” as well as in camp videos. In there, questions were asked as to limit orders, etc., etc.. Your emphasis was when these patterns develop, pull the trigger and get long… even at the market the next day. I think we have been in an interesting transition period the last months and weeks and have seen these beautiful patterns materialize. It’s hard though to get long on a gap and feel like you’re chasing the stock. The weekly pattern will come to your rescue though-generally-in quality stocks with these quality patterns. Perhaps a little less caution should be on entries and more on exits?

Don’t get me wrong, I’m still very cautious and quick to run, but it feels good to ride a few of these trains leaving the station vs watching them.

Thanks,

Steve M