TSOSorry to interject and I hope you don't mind.
I do like your approach and unlike many new traders your trading philosophy is commendable, and as you so correctly write it is human nature to question a call.
I would suggest that a Trading Plan would be of some assistance in guiding you - wherein you write down such things as the reason for the trade, entry points, stop losses, anticipated exit points. That would assist in trading mechanically and while that is not terribly sexy, nor emotionally interesting it is how many of the great traders operate.
Now, with regard to TSO I have perused the monthly, quarterly, 6 monthly and 12 month charts and in my humble opinion I would suggest it may be some light ahead as;
- The stock has been fairly consistently retracing since the October high and the past 2 weeks appear to have levelled off.
- The RSI is now starting to curve upwards.
- The price is almost at the August point where it last started its upward trajectory.
- Volume on the red days has been lower than average.
I hope this helps and please keep us appraised of your trading with TSO.
V
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