You must realize & remember. Placing ONE good trade can set you apart. Look at the price action from Friday or Thursday. You could have quickly doubled your money on setups you identified. You MUST curb the rational that trading more is better. If you are thorough & reasonable in your analysis and take action at the opportune moments, you can quickly build cushion & stability. Be prepared across sectors & then pick the most promising stocks within the most promising sectors to make promising plays. You will internalize this eventually, you must.
VZ is an example of a chart that you should consider removing from your repertoire even though it’s the 4th largest optionable company in the communication services sector. The price action moves in a tight, choppy range, going back years. Perhaps this is an example of why you can use more filters to refine your search for stocks to trade, namely, filtering for ATR as well as average volume, not just market cap.
WMT Holding strong compared to other sectors, to say, consumer staples seem to be holding strong, although there was steep selloff across sectors Friday.
In charting so many of these instruments, it’s becoming clearer to see chop zones—areas I should just not trade. There are generally areas of openness above or below that are ripe for trading. It would behoove you to only trade in these areas.
CVX, Energy sector in having such a massive run up, there is a vast section that if breached, could likely be prime for a short back to prior areas of consolidation.