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That's what I'm asking. Why babysit a trade going against you and tie up even more of your trading capital averaging into it when you can take a small loss and reenter in the direction of the prevailing trend and be making money rather than fighting the market? I don't see any valid reason to do...

True, but CL seems to be affected more than say some of the index futures. It's moving sometimes 2-3 points in minutes = $2,000-3000 per contract. For instance, for TF to move an equal amount $$ wise, it would have to move 20-30 points in the same amount of time, which it rarely does.

Devious minds think alike. :)

Yes, despite someone's comments the other day, you can't trade this instrument without stops unless you have unlimited funds in your account, and/or have a death wish. But why would you want to trade without stops anyway, and let a trade potentially run miles against you, even if you do have...

One other thing is, when there's a clearly defined trend, and your trade is in the direction of the trend, it's maybe easier and wiser to let the trade run more in your favor. But with CL lately, some of the time at least, there's less of a defined trend it seems. And then of course there are...

Thanks for sharing that KD. I'll be interested in Beth's take too.

U2. Hope you get them soon. I was going to say I'm always leery of sites that don't have a phone number and physical address. But then I did at least see an email address and phone number: The Trading Store TradingViewsLLC@gmail.com 214-924-7671

Great post and, on the surface at least, seemingly contradictory in some ways to my last post above this. It's interesting all we can learn from our SIM trades. I've mentioned before, that one of the most important things I've learned from mine is just what you're mentioning, that patience...

A couple of variations on this theme.

I used to hang out in the Pitstock trading room (http://www.pitstock.com/chat.html) with about 400 or so other traders from all over the world, and talk about the markets, trade, post trades, etc. And then later in the day, after a break for dinner and an hour or two of TV, I'd look at charts...

It's funny that I used to get up everyday at 4:30 or so and then work 15 hrs mostly in a row, not recommended. And I'd rarely see anything worth while at that time of the morning. This was years ago when I was trading only equities. But as you and schizo are pointing out, and we concur, CL is a...

March 18, 2011, 2:59 p.m. EDT Western powers prepare for Libya action United Nations has authorized military action, no-fly zone By Polya Lesova and Robert Schroeder, MarketWatch WASHINGTON (MarketWatch) — Western powers moved closer to military action in Libya on Friday after the...

I was thinking about this too. Seems a lot of the big moves come in AH. I mav have to move to Italia.

Funny I was thinking about this today right before I got up. Like you say every other day or so we get one of these news driven super moves. And even more funny, but who's laughing :), is that while I was thinking about this it was probably actually happening in the real market. I tried to point...

Fighting rages on despite Libya cease-fire declaration Announcement of halt in military action comes day after U.N. authorizes no-fly zone, but clashes still reported http://www.msnbc.msn.com/id/42145571/ns/world_news-mideastn_africa/ And President Obama will be speaking about this...

I thought this was a bigger deal is why I posted it. Breaking news that I thought was maybe going to move the market a bit more. But $10 mil is chump change for IBM.

March 18, 2011, 2:01 p.m. EDT SEC sues IBM over alleged South Korea, China bribes SEC accuses Big Blue of improper payments, gifts to South Korea, China officials By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) — The Securities and Exchange Commission has sued IBM Corp...

I saw that. I was going to post that the other day myself. Shakes his head. BTW how come no one told me that NoDoji had stepped away from her desk causing the second selloff before I stepped away from my desk and missed it? :) Who was assigned to keep an eye on the NoDoji cam today? ADD -...

Good trade.

Yawn. :) While we're waiting for some action............... For my UCSB buddies, I knew UCSB may be having a slight problem in their game against Florida in the NCAAA Tournament yesterday when the score went to Florida 33, UCSB 13. I was hoping they were just sandbagging it to make Florida...