5% - 10% profit per day trading

[lemeeeplay]

Agreed. I just shorted @ 46.67

still keeping 20:40 stop:exit

 

[usman88]

exit at 46.20 to beon the safe side

 

[lemeeeplay]

Damn got stopped out again.

 

[lemeeeplay]

This sucks! It hit my stop and took me out and now its going down in my direction.

I should have used wider stops

 

[usman88]

if i were u I would short at this point and not with a 20 cent stop.

How long have you been trading oil?
These small stops dont work on oil, especially when u havnt placed a trade on a top or a bottom

Rite now there is a channel, and ideal stop should have been around 47.30

 

[usman88]

Exited at 46.20!!!!

EDIT:
Limit to short again on 46.45
EDIT 2: Order cancelled

 

[advfntrader]

shorting today is not a good idea I think

 

[lemeeeplay]

usman88, you are right my 20 tick stops are too tight for oil. I am a EUR and ZB trader and new to CL. I need to get use to these volatile swings.


advfntrader, i agree with you. The current trend is up, i think its better to wait and buy into dips instead of shorting rallies

I'll be on the sideline watching for a bit to see how things develop

 

[advfntrader]

lost 50% of my account shorting. its gone balistic

 

[pocrel]

taken out in a second from 46.40 short stop at 47.30 i have been shorting all day and i have lost 200 pounds going to stop trading for the day as oil is just jumping to fast
did you lose 50% of your account just now?