CL Redux

Quote from BCE:

Wow! You're right about the volatility. Just tried a quick SIM trade short and it immediately rebounded and I was down $500 in about 3 seconds. :D

ADD And now I made $942 while I was away typing this post. :D
Just made another $1000 in a few minutes. Maybe I should trade this one instead. :) It's all the same principles.
 
Quote from Eddiemorra:

out -32

so: -26, -34, -27, -32 !



so, did anybody bother fading me!! ? :D

that's all for today now I think.
Only trading 1 contract but no point in giving more money away than necessary.
Genuinely very interested in flipping a coin to take trade direction though. Not even kidding. Read quite a lot about it.

It's being a hard day to trade today, particularly after getting used to trending moves recently, so don't be too hard on yourself.

Also, unless you have some large account, consider a maximum loss limit for the day. $1200 is quite a bit of money for most retail accounts.

Better luck/skill tomorrow.
 
Quote from Picaso:

It's being a hard day to trade today, particularly after getting used to trending moves recently, so don't be too hard on yourself.

Also, unless you have some large account, consider a maximum loss limit for the day. $1200 is quite a bit of money for most retail accounts.

Better luck/skill tomorrow.

thanks.
unlikely to be trading much tomorrow though. BBQ/beer day planned.

good luck to you, too.
 
Quote from Eddiemorra:

out -32

so: -26, -34, -27, -32 !



so, did anybody bother fading me!! ? :D

that's all for today now I think.
Only trading 1 contract but no point in giving more money away than necessary.
Genuinely very interested in flipping a coin to take trade direction though. Not even kidding. Read quite a lot about it.
Sorry you've had such a bad day. That always sucks. One thing is that this contract trades far differently than many of the others and you really need to know its personality from observing it for awhile. You'll be okay. You just need to work on your strategies maybe.
 
Quote from BCE:

Just made another $1000 in a few minutes. Maybe I should trade this one instead. :) It's all the same principles.

all the momo traders must've went to silver. CL is drying up in volatility. at least today. :p
 
Quote from DonCorleone:

all the momo traders must've went to silver. CL is drying up in volatility. at least today. :p
I'll cool it here in a second as this is the CL thread. But just to show a daily chart for silver. Looks like a good short at some point.
 

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