Buying OXY at 33.40 ? Sell at $34 ?

[brass_trader]

Anyone looking at OXY for a scalp? Buy here at $33.40 and sell near $34 ?

 

[maxinger]

are you @NY_HOOD, @Tarzan ....?


ok oxy. it has been going up for the past 1 month.
today it gapped up.
so it means there is not much juicy meat left.
oxy needs to take a rest sooner or later.

 

[brass_trader]

No. Should I be ? Lol..
I think it has room to hit 34 today and possible a little higher.

 

[maxinger]

You are now famous.

ok oxy.
it might go up a little more.

But I doubt it is going to go up massively today.
so it might be a problem to achieve
reward risk ratio of > 3

 

[El OchoCinco]

I got in on OXY at $13 after the oil COVID crash... looking to break $40 before this run is done. As long as economy does not snap...

 

[brass_trader]

Not a bad trade. I sold at 33.87.

 

[brass_trader]

I got in on OXY at $13 after the oil COVID crash... looking to break $40 before this run is done. As long as economy does not snap...

i daytrade OXY, it moves a lot. That being said, buying and holding OXY worked well for investors. Its very tied to oil prices, more so than XOM for example.
I saw resistance in the 34 area so I didnt want to press my luck today.

 

[maxinger]

Not a bad trade. I sold at 33.87.

again you failed to disclose your reward : risk ratio.
If it is < 3, then you will have to top up your trading account soon.

 

[brass_trader]

I bought at $33.41.
To me it was a good set up.
Also bought a small position in AGRO at 10.05.

 

[brass_trader]

I just sold AGRO at 9.95 for a small loss. I keep my losses small, i was also a little late to the AGRO party. Perhpas it recovers but Im walking away for the day.