CL Redux

Quote from F112358:

Little faith I have in my predictions or yours. :eek:
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Not a prediction, just what's more likely to happen.
If ur daytrading what ur seeing, then who cares.
 
Quote from spd:

I made some money, but I am not happy with my trades either. A couple nice ones, but it could have been much better.
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I think you messed up my head with your short calls. :D
Having too much thought ain't too good as I'm slowly coming around to realize.

What threw me completely off was the sagging momentum on the way up although I believe the biggest mistake was that I didn't completely trust myself and tried to micromanage every blip on the radar. Also I should have known better than to fight the tape when the damn price swooned below 81.25.
 
Quote from oraclewizard77:

I traded live today real money on CL in the Chaos ET moderator's futures free chat room.

I can see why you like trading cl, it moves more than es and faster, only took me 1 min to reach a profit.
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What's the loss on the ES puts you "were able to buy" when the futs were at 1122 last thursday?.:eek:
 
There is no loss till expiration. Stop is the price of premium ie the cost of the options although I may kill the trade if I still have time premium before expiration and the market is still high or higher. As noted in ES forum, i averaged down and bought more puts when es was around 1135. Its just one trade, if market does not fall before expiration, then I will lose the premium on those puts.


Quote from F112358:

What's the loss on the ES puts you "were able to buy" when the futs were at 1122 last thursday?.:eek:
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Note, I am somewhat hedged with long positions, like my sale of naked puts on SII and RMBS that look to expire worthless, plus I own stock in RMBS and sold covered calls.

Quote from oraclewizard77:

There is no loss till expiration. Stop is the price of premium ie the cost of the options although I may kill the trade if I still have time premium before expiration and the market is still high or higher. As noted in ES forum, i averaged down and bought more puts when es was around 1135. Its just one trade, if market does not fall before expiration, then I will lose the premium on those puts.
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Quote from F112358:

Flat at .65 .:p
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Good trading bro. I was suspecting that CL would reverse at 81.50. But no AH trading for me after the recent head banging brouhaha with the swing trade.
 
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