Another loss for CVX. Bought a CVX put at 6.50 when stock was at 66.60. Bought it back when stop was triggered at 67.90 at 5.50.
It's hard taking another loss, but that's the way it works. It got me thinking about my past trades that went well. The only thing i'm not incorporating from that are patterns. Right now i'm trading based on trendlines only with some confluence of RSI, Fib and Candlesticks.
I'm wondering if my setup isn't as optimum as it could be. Chart patterns provide a more solid structure to the trade.
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