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I had computer issues this morning and didn't start trading for a while. I was focused on 6E, very upset I missed a strong move off an excellent short signal, and only had 4 CL trades later in the day, no breakouts. I use booktrader and try to place my stop orders in advance to avoid...

Wow, I was trading CLF without stops to the long side at that time. Got lucky with it before it crashed, but not very lucky with many other swing trades at that time. :(

I'm extremely familiar with averaging down CL at the extremes. I started sim trading CL 6 months before I traded it live and for most of that time I traded 2 strategies: place limit orders a certain distance outside breakout levels to fade the breakouts and average down at these extremes if...

Come on, Austin, don't get sarcastic with us! Price ALWAYS comes back before one's account is blown... :p

Would it take a $100 move on 1 contract, or a $100 move on 8 contracts to kill your account? By the way, the phrase "foreseeable future" does not refer to anything based in our reality :p

One more question, if I may: How long have you traded CL?

Cool! Hey, are you in and out of all trades if there's no quick move in your favor, or do you average down?

I can't figure you out. You usually post time stamp trades which are 1 lot for 5 ticks, then you intersperse with these huge profitable posts. What convinces you to go from 5 tick targets to suddenly making hundred or more ticks? :confused:

Hi Walt, I'm an ADD trader who likes to catch momentum moves and strong trends. My way of trading and managing trades frequently takes me out of very good trades and I don't always stay persistent enough to get the re-entry that provides the momentum I like. I often lose sight of the bigger...

Being a vegetarian with lots experience with beans, I believe your future will involve a great deal of natural gas. Careful I've heard it's a volatile contract :p

I'd look for 10% short interest or more.

I'm guessing you are somewhat new to trading. The reason why it's a low-risk/high reward trade to the long side when a stock with high short interest hits a new high is because a) that's where all the shorts' stops are and if the breakout is for real, they will have to buy shares to cover before...

Hi Bob, Sounds like good stuff going on and all the best with Hold Bros and the Series 7. Regarding LOGI, I started an informal "study" a while back where each day when I see stocks hitting the hi ticker well over 100 times, I jot down the price as a buy entry and every one of them becomes...

I'm doing my part to keep the price down. I shorted the damn contract 11 times today and less than hour after my final trade it had bounced right back. Those greedy f*ckers are simply unstoppable! :p

It's all about taking as many trades that fit your criteria as possible each day and being persistent. Today I had a string of CL trades which resulted in 5 b/e in a row, and I took a mental break in frustration only to see that if I'd simply jumped right back in like I did 5 times in a row, I...

Wasn't that beautiful? I was thinking of you the whole time. I had placed a sell stop @ 85.95 for reasons we can all appreciate. Whatever I may have said about CL earlier, I take it all back. :D

LMAO! One of my favorite movies, you can see I'm a true intellectual. Dark Helmet: "I see your Stop is as big as mine. Now let's see how well you handle it."

What's a matter? That 2-tick stop you had made you nervous? :p

yeah, well that Eurotrash knows how to give a lady some real lovin' :cool:

My physician recommends tea since coffee makes me jittery. I cheated on CL again today and frankly I don't care if anyone shows pictures of me and 6E on sunny beach together to CL, because CL can kiss my *ss. See that little spike to 87.24 on the 1-min chart at 1:20pm ET? That was CL...