CL Redux
- Thread starter schizo
- Start date
Add 103.56
News is NOT for trades spanning few minutes to an hour , for that PA is the tool
News is for to build the continuos understanding of fundamentals and they can help with day over all trading range , gives SOME idea on coming days price range
News is for to build the continuos understanding of fundamentals and they can help with day over all trading range , gives SOME idea on coming days price range
Add 103.20
Starting a paper account for tracking position trades , let us see how it goes
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Starting capital $25,000
#of trades allowed max 5 trades/week
The idea is to prove we are all ( including me ) over trading , let us how minimal trading of 5 trades/week or less can beat all of us
Trade 1: long 103.35 , contracts: 2
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Starting capital $25,000
#of trades allowed max 5 trades/week
The idea is to prove we are all ( including me ) over trading , let us how minimal trading of 5 trades/week or less can beat all of us
Trade 1: long 103.35 , contracts: 2
Good Morning
Just wanted to add a quick clarification to my remarks yesterday. I'm not saying there's anything wrong with swing trading this instrument or anything else for that matter. I did say, and do feel, that it has been harder to accurately pick the right direction for a swing trade on this the last short while due to all of the conflicting factors driving this.
Obviously a swing trade long would have worked great a couple of weeks ago. And it's obviously pulled back today and a bit yesterday, most likely due to oversupply in Oklahoma. Where is it headed next? I have no clue. But if someone here thinks they know, and we do see people taking sides, then go for it.
The main point I was trying to make all along here was, if you do swing trade it, make sure you're on the right side of the trade. I wouldn't try averaging into a losing position. In this environment that can be very costly as all of the factors driving this can and do seem to change very rapidly.
ADD I do feel it can be advantageous to hold positions longer, which I talked about quite a bit before in this thread. Just make sure you're on the right side of the trade. If this takes a number of scratch trades so be it. Commissions in this regard are chump change.
Just wanted to add a quick clarification to my remarks yesterday. I'm not saying there's anything wrong with swing trading this instrument or anything else for that matter. I did say, and do feel, that it has been harder to accurately pick the right direction for a swing trade on this the last short while due to all of the conflicting factors driving this.
Obviously a swing trade long would have worked great a couple of weeks ago. And it's obviously pulled back today and a bit yesterday, most likely due to oversupply in Oklahoma. Where is it headed next? I have no clue. But if someone here thinks they know, and we do see people taking sides, then go for it.
The main point I was trying to make all along here was, if you do swing trade it, make sure you're on the right side of the trade. I wouldn't try averaging into a losing position. In this environment that can be very costly as all of the factors driving this can and do seem to change very rapidly.
ADD I do feel it can be advantageous to hold positions longer, which I talked about quite a bit before in this thread. Just make sure you're on the right side of the trade. If this takes a number of scratch trades so be it. Commissions in this regard are chump change.