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I’m out. Small loss

per my post in journal section, raised stop to 60.25. Not acting well, meant as a short term trade and it’s a counter trend trade so I want to keep any loss very small

Raised stop to $60.25, which is previous intraday low. Don’t want this to get away from me due to the trend.

I’ve got a tight stop, 59, in recognition of what you are saying. Also, May sell before it reaches said stop

Bought AA@ 61.64. Low forward PE , at 200 day. Stop 59. Initial target 67

F’it. Bought 200

Seems like a low risk trade.6X forward PE! Trading down just reclaimed 200 day. In a different environment I might be all over this. I might still be. Don’t like downtrending shorter term EMA’s and 10 day crossover.

SLB looks good, although the base is a little loose. HAL, I like

Why do I get the feeling that you are a degenerate? Lol. Not that being a degenerate is a bad thing.

Yes. Except past tense. I’m retired, remember?

that’s called building a new base after a run up. Look back to the beginning of the year and see what it’s done, consider that in context of current environment. I’m inexperienced, so feel free to correct me, if I’m wrong. That’s why I put this out there

Serious answer… nope I fire them when they become PITAs, like complaining, whining, not taking advice on a consistent basis. If I gave them homework, and they didn’t do it, I just wrote it in my notes to cover my ass.

As an Advisor, when it came to grunt work I was known as a great procrastinator lol

Yup, a time for caution if I bite, I’ll buy small. Need the practice .

I like this chart a lot. Above all 3 Ma’s, 50 and 200 day EMA rising. Building a tight base after a nice rise. Top industry in a highly ranked sector fundamentally, forward PE of 10x, 2.9% dividend yield. Tell me what I’m missing in my simple, noob level analysis. (Aside from we’re in a Bear...

Okok I get it u r right

So did I and I don’t leave my house LOLOL

Point well taken Thank you. although I still think we are so washed out and due for a strong bounce

No no I wasn’t thinking you were second guessing and in fact I appreciate the constructive feedback, I’m so new at this style. . I will look but IIRC since I started formalizing my trades, and keeping records which is only VERY recently, this is my first successful trade. unless you count the...

Yeah I know. All time highs. I’m managing risk. In a different market environment, I’d handle it differently if we get an orderly pullback on the stock, I might buy back the 100 I sold