Posting Some of My Trade Ideas/Positions

I'm going to start posting some of my trades on Steemit, as well as some of my trade ideas that I am considering. Please be advised that this is not meant to be financial advice or meant to encourage anyone to take any of these trades. If anything I post peaks your interest, then you can always go and do your own research using technical and fundamental analysis.

I'm wrong about as much as I am right, but what keeps me profitable is getting the hell out of everything I end up being wrong about without worrying about my ego. I take trades that I view as having a high risk to reward ratio and then put logical stops in place to protect myself from my own emotions.

The first trade I will plan to enter tomorrow (Tuesday, May 16) is J.C. Penny (JCP).

Why? For one thing, it is getting extremely oversold and has gapped down to $4.35, hitting an intra-day low of $4.17. I'm looking for at least a restest of the middle bollinger band and 20MA. I see the recent downside as being overdone, and I think one factor that has led to such an extreme washing out is probably the fact that many institutions may have had to bail on JCP when it went below $5. Some bail when a stock goes below $10, and some bail when a stock goes below $5.

Everybody hates retail with a fiery passion, which is why I'm gearing up to go against sentiment for a trade on JCP.