Exited June at 49.20 for a gain of $5.05.
CL Journal
- Thread starter Buy1Sell2
- Start date
great trade B1S2
This will be my last comment about this and then I'll leave him alone. The only thing that matters to me is your sharpe. Not what you "make", but the variance you have to put up with to make that amount. He took 3 trades over 15 days and netted about 2.65. But the variance he had to tolerate to make that 2.65 is unacceptable to most professionals. Considering the avg monthly range for crude had been about 3 dollars for the last few months and it had a 6 dollar range just in the period of time in which he was long. Pulling 2.65 out of three trades which that much variance doesn't work for me but perhaps he is willing to accept that kind of volatility. Most traders work diligently to extract profits "without" having to take that much variance in their p&l. Anyone can make money with high variance. That's simply the risk premium in the market. It's there for the taking. The key is to extract the alpha, not the risk premium. I'll leave this thread to the OP now. I've said all I need to say. No need to repeat myself.
Thanks
Moving in the right direction--so far. About a dollar in the money.
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LOL
Put it simple, OK,, long as as its not confused with predicting.200 dma is still up, not that that was the bottom.NOT every friday is payday, but i prefer sooner than later when the 200dma starts changing, it has. Modern Trader magazine [JUNE]has the current chart on TX TEA a cup with handle buy above $50, but i use a 200dma more than any subjective stuff.
Looking decent so far here at 51.19