CL Redux
- Thread starter schizo
- Start date
good question. that is why I do not post when the session starts, since the market is fast, there is no sense to let the market hit your stop if you know you are wrong, and most important is admit you are wrong if you reaized you are wrong. the warm up trade is a mistake, first I thought it may shoot, then I saw I was red quickly, I realized the market is not ready yet, so in the bounce, I got out to see whether the market want to go up or not. when the trade is in question, the first react to me is: get out. I have lots of those scratches. if my first trade immediately showed me 30ticks profit, I know I did the right thing, I may wait to see if there is another 30ticks down the road. I do want 20c stop to catch 50c,but the market is not ideal, get to be watchful/vigilant. I am not trading for the sake of stop loss execution.
sim short 71.59 stop 71.76, target 71.41. Previously did a real money trade short 71.60 stop 71.68, and target 71.50, but closed it for a 9 tick profit at 71.51
Moved stop on this trade down 71.63 as trade has gone in my favor. Reason for trade, CL has been down all day, made a nice rally, and then lots of red candles.