I just took a £20 loss on a £1 tick trade, when if id held few minutes more itd be £100+ profit.
(But i gna try and do what the book says and not even think about nonsense like that as im not a fortune teller).
I dont know why but i just dont feel that oil is gna keep free falling below 87 even like this, especially with all that stuff from opec n with a fed rate cut gna come and be an excuse for buyers soon.
As the demmand falling excuse is looking very oversold at the steepness of the fall.
Theres just so so much support at 87 to just be taken through in 1day and stay below.
SO i gna just sit out of oil for this morning like other wednesdays and wait for the inventory numbers later.
Best case scenario we get huge under supply number, oil rallies few dollars, i sell the top of that.
Worst case we get mild to big over supply, i jst click sell as quick as possible and catch whatever i can.