I see this moved against me...not surprised. Long again at 85.25, .10 stop.
CL Redux
- Thread starter schizo
- Start date
long 84.64, .20 stop
stopped out
reentered long at .75
out at .95
meh, not off to a good start today
long .78
schizo, nodoji, get to help me. looks I like to pick bottom, and short top, could not follow the trend, even I made little money, but I know I will have big problem late on
when I saw 85.11, I bought it at 85.03, sold it at the rebounce, I should reverse my view there, then I intuitively wrote a limit buy order at 84.63? then canceled, then saw 85.81, could not wait and turn buy order into market order, and jump in buy at 84.81, saw it still dropping, buy it again at 84.7, man, that is averaging down?
when I saw 85.11, I bought it at 85.03, sold it at the rebounce, I should reverse my view there, then I intuitively wrote a limit buy order at 84.63? then canceled, then saw 85.81, could not wait and turn buy order into market order, and jump in buy at 84.81, saw it still dropping, buy it again at 84.7, man, that is averaging down?
Yeah that's averaging down. The trade is easier and higher profit potential if you wait for a confirmed entry signal when you want to trade against the current trend. So far this morning I don't see a confirmed long entry signal, though we're now consolidating near the low and so there's a chance of a reversal.
