CL Redux

Quote from NoEmotions:

1 example could be from 10:45am to 10:55am I had a strong gut feeling that Cl willl go down ( price had made false BO and was choppy making a lower high ), so I did multiple shorts from 75.21 but mistake was with very small stop loss say 5 to 8 ticks, CL went against me till 75.36 ( 15 ticks ) , bottom line direction was right but order management was badly handled which caused more and losing trades and finally I gave up , thats when CL went down without me. I was too early to predict its fall.
I need to work on order management.
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Your real mistake here is: "I had a strong gut feeling..." and "I had a fear of missing the down move so I was proactive."

I posted on Matcha's journal yesterday about this, using a CL trade as an example:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=198814&perpage=10&pagenumber=92
 
Quote from startraitor:

81.25-81.50 SHOULD provide some formidable resistance and a stage for a pullback.
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I thought you were in the Bahamas for the weekend?



This is the 2nd large gap, we should sell off at the open or soon after, Should be able to catch some nice bear runs today.
 
It's not heaven, it's called Iowa for football! Not quite Bahamas either and I'll be leaving soon.


Quote from EON Kid:

I thought you were in the Bahamas for the weekend?



This is the 2nd large gap, we should sell off at the open or soon after, Should be able to catch some nice bear runs today.
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Quote from startraitor:

It's not heaven, it's called Iowa for football! Not quite Bahamas either and I'll be leaving soon.
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so your rooting for penn st
 
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