I was short 96.28 and stopped out .05 under the high before this sell off. 
Losses, they are inevitable.
Losses, they are inevitable.
CL Redux
- Thread starter schizo
- Start date
Decided to not look at the news today, and just trade TA. Did 3 trades, 2 winners 1 small loser for overall profitable scalps.
Sunday, I lost money since I thought the market would fall due to pipeline opening, and while I was right, it did fall, it first shot up 2 times breaking my stops each time. If I had traded TA on Sunday, I would have made money going long.
Now, looking at news, it says inventory has increased causing oil to fall, but what's funny when I turned on the computer CL had shot up, but I did get a short signal for my scalps.
Thoughts on trades, I think I could have just did one trade at better position and just left stop and target since I probably wasted commission dividing it into 3 trades. I was basically micro managing these trades by getting out if it started to go against me and getting out when it went a little my way but at least go more than my stop.
Sunday, I lost money since I thought the market would fall due to pipeline opening, and while I was right, it did fall, it first shot up 2 times breaking my stops each time. If I had traded TA on Sunday, I would have made money going long.
Now, looking at news, it says inventory has increased causing oil to fall, but what's funny when I turned on the computer CL had shot up, but I did get a short signal for my scalps.
Thoughts on trades, I think I could have just did one trade at better position and just left stop and target since I probably wasted commission dividing it into 3 trades. I was basically micro managing these trades by getting out if it started to go against me and getting out when it went a little my way but at least go more than my stop.
I wasn't making any trades today no matter what since my cycle came to an end when we hit 86. So I indulged in some trader porn while I was eating lunch 1 guy said we were now going straight to 100 and another guy said this might be a bottom or we might go to 80 but either way we'll be back at 100 in a couple of months. Now I know why I don't watch this shit because now my bias is point at 70 because I'm so spiteful. Seriously though how do we not go to at least 82 unless war breaks out? If we bounce to 88 Ya'll know the bear will be back! Not that any of you day traders care
which might be better than the payoff you might otherwise would have had..... well depends on how you look at it!! and what you want----cash or relief!! lolSome floor trades this morning:
Jan 80/95 fence vs. 86.80 trades .57 1000x. Put is premium.
Feb 110/115 1x2 call spread trades .09 to the 2. 2000x.
Jan 80/95 fence vs. 86.80 trades .57 1000x. Put is premium.
Feb 110/115 1x2 call spread trades .09 to the 2. 2000x.