LUV is off the ground and in flight

I last posted on Southwest Airlines back on June 20th. This trade was already in profit and looking poised to make a move up again. My strategy and trade plan were about to present another entry point, which occured and was taken advantage of.
This is how trend traders grow their accounts. We find trades that are working well, compound into them, and stay in the trend as long as we can. The trend is our friend until the bend at the end. The market and our trade plan will dictate this. Not predictions of what could happen.

The daily chart shown above highlights the entry that I was waiting for. We have a nice cluster of potential support levels below price, to further my confidence in a continuation. Stop losses are well placed below this area. Having a well placed stop will keep you in trades longer, which will allow you to compound and grow your account. I will now be waiting for another setup to present itself, so I can further compound into this trade and take my account to new altitudes.
For now, it looks like Southwest Airlines is showing its investors and traders some serious LUV.
Plan the trade and trade the plan!
Chris DiBiase

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