A trade on CL and Scaling in at every 10% Increase ........

CL calc.jpg


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Overnight said:
If CL goes from $37 to $77 in one month, congratulations, you're a seer. When was the last time CL moved $40 per bbl in one month? Hmm. Hope you're in profit when the contract's LTD comes up.

Really, you have not thought this through.
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I merely exhibited a method for the OP to perform the math. Was not a confirmation on the trade strategy.
 
md2324 said:
Good Evening ,

Can someone help me , with the Profits that would be gained , if the following Theoretical Example were to play Out

EXAMPLE:

We enter a Long on CL at the price of $37 ( Trading just 1 Contract )
For Every 10% that CL increases in price,we will add 1 contract

My Calculations for when to add 1 contract/The running total of Contracts at each ( 10% ) mark......
1. at $40.70 we'd add 1 contract = 2 contracts we are now trading
2. at $44.70 we'd add 1 contract = 3 contracts we are now trading
3. at $49.17 we'd add 1 contract = 4 contracts we are now trading
5. at $54.08 we'd add 1 contract = 5 contracts we are now trading
6. at $59.48 we'd add 1 contract = 6 contracts we are now trading
7. at $65.42 we'd add 1 contract = 7 contracts we are now trading
8. at $71.96 we'd add 1 contract = 8 contracts we are now trading

And then we'd just trade the 8 Contracts , from $71.96 to $77

If this trade worked out this way to the " T " , and we scaled-In and added 1 contract per 10% increase in CL , what would the Total Profit be , once CL hit $77 ?

Thank you for any and all help and input
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Well I was telling you last night, I just use a few setups, ride in one or two cars, here are today's trades. the oil shows up 200 but only got 14 ticks, got 52
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ticks on the Gold.
 
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