OAS Trade on Jan 26, 2016 09:39 from Togs: Tradervue User Stock Trades.

Grade=D
P/L= -0.4R

Entry: Bought the dip as oil was showing some strength.

Result: There was a larger washout, but it did pick up later. Stopped out.

Lesson: Wait for price action to give something more extreme and test the next key level. In this case, the level was 4.70, which it broke through. The action was pretty volatile, so catching this would have been difficult unless I had a tiny position and was willing to have the stop a mile wide. Otherwise, watching the stock like a hawk and waiting for a capitulation spike to the downside could have been effective, but very hard to time.