In that equation, there are possibilities that the E of reduction and E of oxidation can be negative or positive. So it really depends on what you want to reduce and what you want to oxidize (and how favorable, or positive, the E of the situation is).
Definitely know the Red Cat, An Ox mnemonic, but more importantly know how to read a set of reactions, quickly realize if they are oxidation or reduction rxns, flip any according to the question, and add up the E values. This is the type of question that appeared at a very high frequency on the old test.