Promising start

Over time, there is more money to be lost by joining trends too early than there is to be made. Traders too often make the mistake of trying to call the big turning-points in the market, whereas the name of the game is to participate once a new trend has established itself. Yesterday’s big move up in the FTSE looked like the real deal in many respects. The surge was similar to the sorts of bounce that have kicked off previous legs higher during the present bull market. One slight concern is that traded volumes did not confirm the buying. However, I am not here to nit-pick. If the upside continues today, I shall be looking to join in.