On December, I uploaded about swing trading Evolution Petroleum (EPM).
So how did I do?
My position size was between $1,000-$1,300 and I traded 14 times on December. I earned about 1%-2% return for most trades. So very happy with my returns 😀
The strategy worked quite well and I just wished that I have increased the trading position size to $1,500-$1,700. However, I did not feel so comfortable.
Hopefully, in 2021, I will feel more comfortable increasing the trade position. It is difficult to manage risk and become a good trader.
I believe that the volatility will persist and EPM will trade within a range. I do have my long position, which is just sitting there. Hope I can just sit more and trade less. Trading is fun but lot of work and discipline.
Still I am thankful that I learned to swing trade. I still have to learn a lot.
Jesus, thank You for teaching me a new skill. Let us always be thankful and joyful Amen-
Rejoice at all times. Pray without ceasing. Give thanks in every circumstance, for this is God’s will for you in Christ Jesus.
1 Thessalonians 5: 16-18