Tuesday, April 19, 2016

4/19_SGYP, ETE_Another Lesson.















Good trades but played wayyyy toooo SMALL!!!! this ticker is liquid so gotta play big!!















Exactly right but got scared b/c it's energy/oil play so can't predict where XLE, XOP moving direction. Got scared and from the very beginning I was just not focusing on these commodity plays. Shoulda woulda coulda.... trading is all about risk and reward. When Energy was up big yesterday and go para today and these trash went up big with great price VWAP deviation in the early morning, YOU SHORT IT!!!!!! no question should be asked!!!!!!! with set risk of course! It's actually easier to trade these large caps b/c they don't jump around with big emotional candles, trading them is much smoother than small caps, you can really exercise patience and work on entry!!!!!!

No comments:

Post a Comment