Trade PXD around 69.50

Discussion in 'Stocks' started by Tarzan, Sep 28, 2021.

  1. Tarzan

    Tarzan

    Its there now. Its a low risk trade with a stop loss. Be careful though.
    PXD to the long side.
     
  2. maxinger

    maxinger

    I think ET administrator will reward you for creating numerous new threads ( which has not much value).
    upload_2021-9-28_22-5-53.jpeg

    who knows, they might reward you $10K for every new thread you create.

    unfortunately, there are many flaws in the way you trade.
    It doesn't mean that if you have a stop loss in place,
    you will not be negative by the end of the month.

    you didn't talk about reward : risk RR ratio.
    it better be > 4

    you didn't bother to track the win rate.

    If your win rate is < 50%, and RR ratio < 0.5
    you have to top up your trading account very soon if you were to trade with real money.

    further, if you are sincerely adding value, you should talk about your stock screener. there are millions of stocks. how did you do the filtering?
    how did you narrow down to PXD?

    AND further, don't anyhow trade.
    there is huge huge difference between 169.50 (current price) and 69.50

    Finally do take trading seriously.
    Do not take it like playing computer games.


    anyway, since the ET administrator didn't stop you from creating multiple
    new threads, please continue to create multiple new threads.


    https://www.elitetrader.com/et/threads/multiple-threads-nuisance.361742/
     
    Last edited: Sep 28, 2021
  3. Tarzan

    Tarzan

    i was just pointing out a low risk trade to the long side for some of the younger traders; even some of the older guys. Just throwing out an idea. isnt that what the forum is for?
     
  4. maxinger

    maxinger

    as mentioned, please continue to create multiple new threads every day
    until the ET administrator bans you.
    you haven't hit the red line. That's why your new thread is not deleted.

    who knows, you might set some targets like

    10 new threads / day this month,
    50 new threads / day next month,
    100 new threads / day next next month
    etc

    OK. enjoy your new thread creation hobby mister.
     
    Last edited: Sep 28, 2021
  5. Tarzan

    Tarzan

    maxinger
    last week you shot me a pm regarding steel stocks. I gave you 3 and from what you said, you bought one of them. If you sold where I told you to sell, you made good money.
     
  6. maxinger

    maxinger

    you are getting senile.
    I don't trade stocks.
    I only trade futures.
     
  7. Tarzan

    Tarzan

    You will be fine. Just do your due diligence as always.
     
  8. maxinger

    maxinger

    ok.
    enjoy your multiple new threads.
     
  9. Tarzan

    Tarzan

    Stay the course, be nimble, and be disciplined. I am watching PXD like a hawk.
     
  10. Tarzan

    Tarzan

    Fair disclosure. I took a loss in PXD. .50 cents.
    I am now in NEM.
     
    #10     Sep 28, 2021