Paper Trading. Position: 1. Entry: CVX$200 (20 Mar 26 Call), Monday Watchlist + Tim's Sunday Brief. Exit: approaching expiration. Comment: swing trade, less pressure. Need to practice more trades. Comment: Continue to be patient and disciplined.
2/11: Roth MPM trade, Oil is hot, risking 180, looking for a bigger move towards 220, 250. Daily chart is just grinding, so taking a position below VWAP with wider risk. Closed for small gain, stock selection not appropriate for this small account.
Same situation as COP with the recent taking of Nicolas Maduro, I wanted to swing trade this stock as it will have upside potential with this news. CVX would come into a lot of money with the regime change in Venezuela. I got out by taking my 13% because was very overextended in my opinion and knew a correction needed to happen, so I took my profit. 2/4 1 share @ $180.43. 3/1 2 shares @ 181.95. $544.33 - $481.50 = $62.83
Strategy 1, accidently sold trying to sell CVS and meant to hold longer.
Entry comments: This was a Tim Bohen alert during an IRIS strategy session. 5% risk.
2ND TRY AS PRICE WAS RISING - DROPPED STOPPED OUT AGAIN
IRIS - HIGH PROBILITY--STOPPED OUT
Never attempt to copy or mirror the trades discussed on this website or in alerts. Attempting to do so may result in substantial financial losses. Alerts are not provided in real-time. For that reason, it is highly unlikely you will be able to buy the stocks at the same entry price, or sell the stocks at the same exit price, to achieve the same or similar profits obtained.
