Notice the same fluid technical trading that we saw on the daily chart, as Marathon Oil Corp. pulls back. The stock was entered with a full lot at the trigger buy, but remember a 1/3 of that would be a swing trade. A stop was set at the bottom of the candlestick trigger bar for the other 2/3 stock position. Note that for aggressive traders, the stock could have been added at points 1 and 2. The online stock trading guy actually did this. This can be a powerful way of multiplying gains, but adds risk to the trade. Stops are tightened quicker depending on how action is developing. 1/2 of the position was sold for 2+ R near the top P, Pivot. The 2nd 1/2 of the 2/3 stock lot was sold as indicated. The add points were a nice bonus

We’ll see what tomorrow brings with the swing trading position in Marathon Oil Corp. We’ll also look for a possible entry into PTEN, Patterson-UTI Energy Inc. as it’s daily stock chart is looking ready.

Oil stocks seem to be the place for decent online stock trading.


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