CL Redux

Quote from austinp:

trade management is all about managing the outcome of cumulative samples in like fashion... definitely not trying to micro-maange each single sample on its own

I agree and I spent a bit of time yesterday and this morning steeling myself to follow rules. I had an incredible trade in pre-market, patiently following my rules. I stuck with my rules later as well and let a 24-tick profit stop out b/e, BUT if I violated my rules and locked in 20 ticks too soon, I risked giving up another potential 60-tick or better move.
 
Given the market's low volatility, coupled with (even due to) the holiday season, managing lower targets with shorter b/e trigger points may be the best bet...

Walt
 
On low volume/volatility days like today, I guess that the compulsive gambler, ur trader, will fade the touch of the 20 ema for small scalps...

Walt
 
sim

long .53

stop 20 ticks

will add in/out of the money

stops at .67 and .96 to add

Target: if it breaks <i>hard</i> 91-ish, if it falters trail below the HOD

[Go get them, girl!!! :)]

Add .67; avg. .60; stop at .52 (2 x 8 ticks)

[Was meaning to put this trade in the low .40's after it run a few stops on the way (down) out of that day-long upward channel, but... blah, blah, blah... ]

Of course this trade at .38 was a gift from the oil gods, but... agggghhh!!! :D

stop to add at .96 lowered to .72 (Yeah, baby, I'm sim-greedy :D)

:01 and stop to be right now at .60

:06 stopped out at be - tempted to lower the stop back to .53 but don't want to (re-)develop bad habits, even if it's sim.

If we get a slight dip I may try again... ok, stuppided out to the tick :(

:D
 
sim

I shouldn't but couldn't resist

long .74

lotto-stop (hard stop at .64, but got my finger on the trigger, well rather, I had, because as I'm typing looks like I'm going to get stopped out, so...)

Adding at .88 and .96 - aggressive trailing

:19 stopped out at .64 (-10 ticks)
 
Quote from Picaso:

sim

I shouldn't but couldn't resist

long .74

lotto-stop

Adding at .88 and .96 - aggressive trailing

I had my buy stop @ .71 and got slipped to .74 :eek: b/e needless to say...
 
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