Three months ago, I posted about EPM swing trading.
So how has it been?
Ahh- The rise and the volatility-
I sold before the rise in March but got back in again after the fall- And I am swinging-
My main strategy has been to buy when the stock falls 2-3% on the day and sell it when it recovers 1-2%.
From January 2021 to March 17, I have made on average about 2% swing trading EPM. It has contributed 0.5% to
my portfolio- Not bad-
If I held on when it broke out to $4, I would be up about 4% but you follow the rules.
So EPM has worked out nicely for swing trading. I just need to hold a bit longer and try to average 3-4% swing trade but it is not easy. I just need to read the charts better, which I am learning.
I believe that oil will be volatile for some time. The news on oil supply just drives the stock price, one week, it is oversupply and the next week is shortage… out of control- But good for swing trading.
However, I believe oil will rise by the end of the year, so I may accumulate some buy and hold-
Long term bullish on EPM, will continue to swing trade-
Thank You Jesus for all Your blessings. Let us always be more thankful and loving 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