Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 162,000 net acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

TSX:BTE - Post by User

Baytex Energy Corp > I've been racking my brain over the chart pattern.

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Comment by Nothingmatterson May 05, 2022 9:38pm

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Post# 34660907

RE:RE:RE:RE:RE:RE:RE:RE:I've been racking my brain over the chart pattern.

Bte will be trading in the low high 6's tomorrow...5 percent cut

Snowballer wrote: If I may respond as well, my thoughts on the biggest mistakes and flaws of trading on technicals:

1) Holding longer than you told yourself you would - not cutting your loses quickly or not taking your profits in time (GREED/LACK OF DISCIPLINE)

2) Not buying back in when you ought to have (HESITATING)

3) Being over confident about what you think you see and plowing in and using leverage or selling prematurly only to chase and then be wrong again lol (EGO/BIAS/REVENGE TRADING)

4) Getting in your own head about macro and micro news/noise and conflating this with "technicals" (PARANOIA)

5) FOMO

BayStreetWolfTO wrote: Months and months ago we had a guy called natgasbc or something like that calling $2.80....we never came close. He was a chart guy as well. How do you explain why he was so wrong? Help me understand these fundamental flaws in what you guys are talking about....maybe a top 5 why your charts and indicators and levels could be this wrong. I know that guy was way off and it probably cost him lots of potential upside. I hear people preach charts but never hear a chart guy list the downfalls. Just curious what are these biggest flaws with how your charts assess potential. Good discussion.

1condor wrote: All good points...I use 6.30 as the support for BTE from this level. If it breaks that level it will dip into the 5's fairly quick.