Post breakout shakeout makes this setup interesting. Oils stocks are leaders and we may be finding a bottom on the market for now. Even tho my personal opinion tells me this stocks already had their run, price and volume action tells me otherwise. I will be disciplined with my methodology and buy a small position as a toe in water.
Comment:
The performance of this stock vs the market is impressive. It shows how when investing you should keep your personal opinions aside and follow your strategy and system. My strategy is simple, buy stocks on upends coming out from bases on good risk reward entries when the market shows at least ok action. Tight stops and don't get aggressive until you create cushion.
Comment:
Oil & Gas keeps working fantastic. Now I'm 1.5 Risk up on the trade. Moving stop loss to break even.
Comment:
Sold half @119.56 with 10.4% profit
Trade closed manually:
Many of my positions acted very poorly today and been getting stopped out. Had to sell many positions today to finance the hits the portfolio has been taking. Exited @123.25