With the recent pullback in some energy names one of my subscribers took profits on a name that was put out nearly a month ago. CHK was a trade idea that I put out there that I completely botched. My stop loss was way to tight given the volatility, but some of my subscribers kept
chk
How My Trading Stunk on CHK, but My Subscribers Are Still Making Money
So with the news of the M&A between XTO and XOM, many of the oil names are running from their previous oversold state-- this shows how technical "breakdown" trades in any particular sector have been treated. Without any of this knowledge and just looking on how the oil sector and individual names were trading, I
New Energy Trade
Update: That was fast-- I'm exiting for a loss (150-ish) if it breaks 2293 Falling wedge pattern, has regained the 5 day moving average, and is at a longer term support level (near) 21. On the shorter term, it looks to be breaking out of its range. 1. Get long at these prices 2. Set