Try to forget how far you are up on the year. You could do this by withdrawing your profits or tie the capital up in bonds but don't post them as margin. Or just transfer the money to my account:D
Just don't make the mistake of putting trades on because of whim feelings, stick to the technicals.
With the way the oil market has traded the last 2weeks don't you find it hard to not book profits early?
Such as 4/12-4/14
Im not sure what you target profit wise in a oil trade. Myself I target 1.00 but I find this discussion relevent in trading oil. I would guess if you target .20-.30 moves...
Days when the market just trends one direction people feel bad for getting out too early. But how often does it do that? Not that often. I think we all get used to having to execute alot of trades going both directions when the market is chopping around. It has been chopping around alot the past...
Cool, Ill put a list together with the monthly report too. EIA for example puts out some monthly and quaterly reports that people watch. If anyone knows the University Of Colorado huricane forcast schedule that would be great help for the list.
Hey schizo you want to put a definition and times of eia, api, and mastercard spending pulse on the front page of this thread. That way people can be pointed to it weekly?
API report comes out tues @ 4.30pm est
Reporting to the api is voluntary so the numbers are rarely correct but usally in the ballpark.
Reporting to the EIA is mandatory.