You're My Boy, Market Chess BLUE

Two of the most rewarding aspects of publicly writing and discussing the markets on a daily basis for the community of traders are seeing them either save significant capital due to risk management techniques, and of course hitting the occasional home run due to ideas I analyze as actionable trading ideas. BLUE is one such example of the latter, discussed over this weekend in my Weekend Market Film Session, as well as last week in this blog post. With the help of favorable news, the stock has surged beyond (most) bulls' wildest dreams. So a big congratulations to the many longs out there who took this trade! Remember, however, that the big wins need to mean something beyond mere braggadocio. Thus, cutting the inevitable losing trades via religious stop-loss management is key to long-term success and avoiding the devastating drawdowns many traders have suffered, even for many bulls in the current bull market. That's the Market Chess way.