Finding Income
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Finding Income

Trading Journal for 7/22

6:27AM: SPX futures at 3246. SNDE is gapping up 61%; I don’t see any news.

6:30AM: MXC is up 176%; no news that I can see. These movers today are energy companies. I wonder what’s going on.

6:32AM: MXC is now halted going up just shy of pre-market highs.

6:45AM: MXC popped and then halted going down. I can’t seem to figure out why energy stocks are moving today. All of these stocks also do pretty sharp pullbacks.

7:56AM: Looks like the energy stocks have all been trading range-bound, which means breakout trades don’t work well. It’s harder to find an entry after a drop than it is to find a breakout opportunity.

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