CXO Trade on Mar 28, 2018 10:36 from alext341: Tradervue User Stock Trades.

Again, another poor day of trading, this time on CXO. I probably should have traded the small-caps earlier this morning, since they actually would have given me a nice profit, UAVS, and CLWT.

I was looking for a bounce on CXO around 7:36 AM PST, after it broke its opening range low, a bounce off the 9ema. – which I think was your mistake. It was a slower moving stock, so you should have probably waited for it to tap the 20 or the VWAP for more confirmation.

After thinking about it, maybe it’s because we’re at the tail-end of the quarterly earnings season, so the stocks are just following along with the SPY. If that’s the case, then it seems the mid-caps are more dependent on earnings news than the small-caps are.

It seems like the small-caps, at least in terms of percentage gains, will always move up even on a false breakout. They react to technicals more, it seems.

I got stopped out on a hard stop for a $1.00 per share loss

Closed the day $60.06 in net loss

What’s the lesson? I do not know! It was frustrating. I’m not sure what to do about it. I am just not good at trading mid-caps, maybe.

I personally find trading the mid-caps to be much more stressful because you are in these trades for longer periods of time, whereas in the small-caps, it’s only seconds at a time. So once it’s over, it’s over on those ones, even if you take a huge loss.

I’m not sure how to handle these losses going forward. Will need to take a closer look at strategy again. Ed also said in his commentary on the day that he likes to take all-day holds when the market is choppy and slow.

He also told me he would not have traded CXO with my size of an account. It had to have been $5,000 funded to trade it. Consider if this strategy is appropriate for your small account