Had to post today, just to bitch somewhere.
I've been carrying a short NG against long RBOB. exited the NG yesterday nicely, and decided to carry the RBOB ... my entry avg was around 2.03 front May.
Then Iran comes out...
I bailed and re enter twice ... in around lows before the EIA. then I sold one up 1c before the EIA... then re-entered 2c later after EIA.. then sold WAY to early in the 2.05 area..
etc. etc.
Then decided to short the close. And down a c there.
So actually not DOWN for the day on the contract, but would be much better off if I just left it alone and sold my longs end of day.
A negative testament to overtrading.
I've been carrying a short NG against long RBOB. exited the NG yesterday nicely, and decided to carry the RBOB ... my entry avg was around 2.03 front May.
Then Iran comes out...
I bailed and re enter twice ... in around lows before the EIA. then I sold one up 1c before the EIA... then re-entered 2c later after EIA.. then sold WAY to early in the 2.05 area..
etc. etc.
Then decided to short the close. And down a c there.
So actually not DOWN for the day on the contract, but would be much better off if I just left it alone and sold my longs end of day.
A negative testament to overtrading.