CL is wild :-(

Quote from Arnie:

There was a guy (chauncey?) who used to post some killer days in crude and the indexes. Like mid 5 figures

PS Nice trading :D
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yes, chauncey was good...
 
No those stops aren't tight if you are good at picking your spots.

I trade for my own account and keep as limited cash as I need for margin in my daytrading account. Any money that I make comes right out, and I put it all into an account that I play long the market selling options for as much as I can.

If I can pick good times a year to sell options, I'll usually make 15-20% on my net worth yoy.
 
Probably going to end the day down 10k+(with commision) cause I fucked up really bad and got outta my discipline. Bet huge on a bad trade and i got jacked. Sucks shoulda been a 15k up day.
 
Anybody else think 65.80ish seems like a good high prob long using the low back on 8/17 as a point of reference may use a .30-.50 stop.
 
Quote from TraderSU:


Please consider this a noob question as I haven't started trading futures yet... I'm just watching the chart and taking few paper trades...

Thanks in advance.

- Su
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At some time we were all beginners here...
Made 3 trades today. Got +24 point, +61 point, and +50 point each.
Using a 2 min chart Trend lines, and Pivot Point lines.
Sold only One contract at a time. Just using chart price movement, trend line breaks for entries. Exit is by pre-set profit targets, of Fib Extention levels.
Just DO NOT take your eye off it a minute, or it will bite you HARD.
Keep paper trading until you develop a pattern you can live with.
 
Quote from TraderSU:

Thanks HO, Trader273 and everyone else for your kind help :-) Trading futures looks very exciting but I'll stay away from it until I understand it fully. So I'll stick to paper trade for next few months.

Can you please suggest any reading on CL trading or provide some tips for newbie. I've many confusions

Which one to trade - CLX9, CLZ9?
What time-frame works for you?
How tight is your typical stop?
What is your typical profit target?
Bla, bla...

Thanks,
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dude... don't be sick... would you tell your edge in a poker game ? in a video game ? NO... or only to your friend to raise the competition level because you know that it will be funnier... but if money was involved you would do it onlin if you knew that you are so much better than you have nothing to fear...
 
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