Went from - $ 120 to positive $ 130 real money.
1st trade went long CL, main problem with this trade was I did it during low volume which was around 10 pm PST when the market is dead, much better to trade when open, and got stopped out although it did look like it almost hit my target before reversing. Heard stop filled while doing other stuff and not looking at chart.
2nd trade, went long wheat, I think the symbol was ZW, but turned off NT. Pissed off since I saw CL reverse from the lows and blow past the highs while I was down .75 on this trade so far.
3rd trade went short CL on possible overshoot looking for a small pullback after testing new highs this was while I was long wheat.
Played StarCraft to take my mind off the trades. Heard target filled. CL trade was filled, and saw that wheat was now .25 from hitting my target so killed at market for gain on both 2nd and 3rd trades. The CL trade made me back $ 100 of the loss, and the wheat trade made $ 150 profit. $ 150 - $ 120 loss = $ 130 profit, not bad for a Sunday night. Wheat also came out with report that the crop was low so that means higher prices and was able to buy on pullback. It could have been lagging CL or I my entry was during low volume since it moved not all for awhile.
I guess the only problem is I probably over traded although I felt all were decent trades except for the one during low volume on CL. I am trying to do just 1 trade a day to limit revenge trading. Once that is better I would like to increase my trades. I thought Friday market would be dead, but I should have woken up earlier to trade CL since it did move.
I messed up my sleeping cycle so since I knew I might not be trading early on Mon which is also why I traded Sun night.
1st trade went long CL, main problem with this trade was I did it during low volume which was around 10 pm PST when the market is dead, much better to trade when open, and got stopped out although it did look like it almost hit my target before reversing. Heard stop filled while doing other stuff and not looking at chart.
2nd trade, went long wheat, I think the symbol was ZW, but turned off NT. Pissed off since I saw CL reverse from the lows and blow past the highs while I was down .75 on this trade so far.
3rd trade went short CL on possible overshoot looking for a small pullback after testing new highs this was while I was long wheat.
Played StarCraft to take my mind off the trades. Heard target filled. CL trade was filled, and saw that wheat was now .25 from hitting my target so killed at market for gain on both 2nd and 3rd trades. The CL trade made me back $ 100 of the loss, and the wheat trade made $ 150 profit. $ 150 - $ 120 loss = $ 130 profit, not bad for a Sunday night. Wheat also came out with report that the crop was low so that means higher prices and was able to buy on pullback. It could have been lagging CL or I my entry was during low volume since it moved not all for awhile.
I guess the only problem is I probably over traded although I felt all were decent trades except for the one during low volume on CL. I am trying to do just 1 trade a day to limit revenge trading. Once that is better I would like to increase my trades. I thought Friday market would be dead, but I should have woken up earlier to trade CL since it did move.
I messed up my sleeping cycle so since I knew I might not be trading early on Mon which is also why I traded Sun night.
Pullback buying opportunity turns into more than a pullback. And really short term support fails. Those are really some finely tuned calls.