This month I will earn 3.5% of my entire roll. I will use charts and the 12631 service in ibankcoin.com
Today I entered $JO @ $39.00. I can only enter a few stocks at a time so any entry is abnormally large for my roll. I have a stop placed @37.20.
My reasoning: Chessnwine suggested, still a hefty discount, MAs moving up, higher low put in, recently pushed to 42 before pullback. In the middle of long consolidation going back to spring. Apparently there are supply/demand issues as well putting upward pressure on prices.
My target: Would like to get an add in, and see this get to 41-42 area.
Edit:
Also new position short $HAL @ 66.91. I wanted to buy $DUG to play the whole sector for topping out, but my lousy broker won’t let me, When I get a five figure roll I am moving brokers so fast. Anyways stop at $68.40.
Double Edit:
Thanks to chess there’s $ERY which is a 3x bear oil and gas. I’m going to tread lightly on this, but it’s so cheap I bought in at 13.57 and put my stop at 12.75 and there’s little downside risk imo.
