Three for Four Trades

Three trades triggered this week from oversold conditions at prices where there was previous demand. First ANDE triggered a buy and was short lived. I was stopped out the next day. Yesterday X and WWWW triggered buy orders. I closed the position in X today as I didn’t like the weakness into the close while I decided to take WWWW home for the night because it showed strength into the close.
This morning I saw buying interest coming into the market and bought a larger than usual position in SSO, but with a tighter stop. I decided to close the position as a large red candle printed in the last hour of trading.
It always pays to be patient and wait for clear demand areas on the chart. And most important, managing risk by limiting downside moves to preserve capital.