Got a tiny piece of today's big volatility in RIG, practice-trading in the last half-hour or so.
This trade idea to go short came after the large price pop, and after the close near the candle bottom, and an ultimate tight open/close ratio in relation to the overall price range in the 3:20 candle. Buyers could not sustain the price and I figured it for an upcoming drop. It did, though I didn't stick with my trade idea long enough, taking only 24 cents out of 66 cents available in the same candle. Patience, patience, patience; as mentioned before.
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