CL Redux

Quote from BCE:

I'm just stunned. I've never seen anything like that on no real breaking news it seems. Unreal. Just shaking my head.
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Seriously! It looks comical, almost like a fake chart.
 
Quote from Visaria:

BCE, did you do that on a sim?
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Wow!!! Damn!!! I just did what I thought was a SIM trade for 2 contracts and was up about $1500 in few seconds and thought I'd let it go to see what happens. But!!!!!!!!!! I looked down and it was my real account!!!!!!!!!!!! and since I thought it was just a SIM trade I hadn't put a stop in and it pulled back and I was down $2000 in about a half a minute!!!!!!!!!!!! Really!!!!!!!!!!!!! Freaked me out!!!!!!!!!!! So I just entered a sell right above my buy and within a minute it eventually rebounded and I made another $400, but would have made $2500 if I had held it for about 7-8 minutes. It's so volatile I just totally chickened out. Almost shit my pants. :p Thank you God for looking out for me!!!!!! Mercy, mercy, me.

ADD On a few SIM trades I made $6484. This was on the rebound. What happened is I switched back to my real account to look for a CL rebound trade and when it didn't look that great I switched back to SI in the trading module but forgot to switch back to SIM. The life of a trader. Imagine if this had happened during that selloff and I was long. Mannnnnnnnnnnnnn!!!!!

ADD 2 Correction. I looked again and I made $400 on that last trade. But just so thankful to not have been wiped out. :) And I would have made $2000 more in 2 minutes. Oh, well. :) Too volatile or me at that point of the trading for 2 contracts.
 
I think the Chinese guys will buy it, must look cheap to them at this level.

I went long on CL earlier at 30. Will keep overnight, have 100 pip stop.
 
Well that was really, really interesting. Quite a revelation and ride.

I'm not feeling that great today so I'm going to take off and get some rest. Glad it worked out for me and I didn't lose like $4-5k or whatever. If I had held my earlier short for that move I would have made $60k in 12 minutes. :D True. :D

Here's the chart of the trades and the first one, a real short with a tight stop, is on the upper left and was closed 5 minutes before the selloff. Sorry I didn't have a fainting spell or lose my internet connection or something. :p :D And the trade I accidentally made with my real account is in the middle.

Have a great night guys. :)
 

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Quote from optiontimer:

CL is currently at $107.84 basis June - Buy Stop $108.24, stop loss $105.88, looking for major trend to re-assert itself and price to test $120.50-$121.00
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Long $108.24, current stop loss is $110.51
 
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