105.50 was the congestion area from two week ago. So could be important but I have no idea. All I know is no more shorting until we are below 104. And the only thing that might save the dollar is a super jobs report on Friday but even then Euros and Brits are already sounding hawkish so this nation of consumers is pretty much f&^%ed is the ass thank to big Ben. It will be fascinating to see how we get out of this mess. Have a good day everyone!
CL Redux
- Thread starter schizo
- Start date
I don't like being in a losing position when day trading, so i prefer v tight stops.
I'll go in multiple times if i think the trade is right.
The question is, am i better off having a wider stop and being stopped out once rather than going in many times and being stopped out many times? This bugs me every day.
Any thoughts?
A zen master once told me don't get in the trade until you know it's right and don't get out until you know it is wrong. Or was that Yoggi Berra
I would have to accept more risk (i.e. a wider stop loss) to know if i'm definitely wrong.
A series of v small losses, i seem to be ok with. One large loss annoys me no end. Making back a large loss isn't easy, whereas it certainly feels easier to make back a small loss.
Appreciate further discussion.
A series of v small losses, i seem to be ok with. One large loss annoys me no end. Making back a large loss isn't easy, whereas it certainly feels easier to make back a small loss.
Appreciate further discussion.
Interesting article on Zero hedge regarding cushing stockpiles/supplies and downward pressure in the near term (over 1 month) on WTI crude price
http://www.zerohedge.com/article/no-more-storage-cushing-wti-will-be-90-month
http://www.zerohedge.com/article/no-more-storage-cushing-wti-will-be-90-month
