Well, I analyze the crap out of my trades... yes,,, catching 34 points inside of 65 range for the day was terrific. And I guess I am being yippity because I am not real happy with myself for the very result you are highlighting. You are asking me to ask myself some important questions.
One thing I am considering is whether or not I can handle 2 trades at the same time. Part of me says "sure" and part says "you are asking for trouble"
But I am at least asking these questions. I take this VERY seriously. I am dead set that I will be trading down well enough to become full time. To me analyzing and asking these tough questions is like a pro athlete reviewing game film.
by the way,,here are the CL range numbers... range is good
Range CL this is points,,, not ticks,,, for ticks multiply by 100
30 day 1.31
12 monts 1.35
5 years 1.76
Avr 10 yr 2.35
Avr12 Mo 1.35
Avr 2017 1.24
I look at CL but I try not to even thing about trading it. It seems so easy given how far it can move when it starts moving, but honestly, this is a double edged sword. In many ways, ES is superior because when you are wrong, you can get out in seconds without too much damage, and it takes lots of power to push through key levels. CL is the opposite in that a sneeze can cost you lots of money, and the turns seem to happen in lots of random places as what I would think are key levels get broken all the time.
Saying all this, it seems like you would need very different strategies to trade the two, and I just can't imagine that you could have come up with edges for both NQ and CL at the same time.
The fact that you jumped so easily from ES to NQ and CL also to me shows lack of discipline. The market only offers what it offers, and you have to accept that. 1 point profit is plenty if you reach a consistency level where you can trade 5 or 10 contracts. But the minute the range turned to 5 points, you jumped ship, chasing more volatility, which once again is a double edged sword. I think it would be better to stick it out in the environment it was in, learn to adjust for that environment, and be ready for when it picked up, like it did now.
I have thought that these past couple of days, after your great NQ trade, that you might get killed because of the insane volatility in NQ. Its not even insane really. It gets insane when the NQ blows through 10 points in 2 seconds, which it easily can. That's why I made the comment I made about then staring a new thread about trading the bonds because all of a sudden you find NQ to be moving too quickly.
You can of course do what you want, but I think being the expert at just one thing is best. You want to know it so well that you feel confident putting on 5 or 10 contracts. You want to know it so well that you can taste the low range days and know what to do about it, as well as now when the range really opens up and then adjust accordingly once again.
