SHORT oil @$125.55 and up

No - it works out that my max position size would be 60 lots (10-10-10-10-20). The position is traded in a style I call the "accordian" so it is more of a dynamic position (where I am taking small portions of the overall position and scaling out and then back in with price oscillations all during the trade day). The position churns profits each day with the constant scaling in and out with each price drop and then rebound (while the core of the position is held looking for a primary price level target or until it hits a stop level).
 
Quote from 5Pillars:

No - it works out that my max position size would be 60 lots (10-10-10-10-20).
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So you have over $587K in performance bond, that's cool!
I am amused by your fiction here, keep posting.

surdo
 
Quote from 5Pillars:

I would do a journal if I was going to cover a method of trading over a longer period of time (and go more into the details of my method). I trade 10 to 20 lots when I trade the CL.
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Sir, that is serious cash and trading...wow...we are listening...thanks for posting all your insights on Oil and the current status of it...I trade 1 humble contract of CL or Brent...please keep posting!
 
Quote from 5Pillars:

As of the overnight session I am now holding CL positions at 127.35, 127.05, and 126.75 - I covered my previous CL positions at b/e (126.15 and 126.45) that were remaining as we rallied back through those levels. Looks like we are in a good "wash and rinse" price move after the price drop yesterday. I have additional short orders resting at 127.85 and 128.35 that I will leave on until the close today.
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I do have a target for my 126.75 entries at 126.25 (+$.50 per contract - July contract) so that I am only holding my two highest entries. I always try to only hold a max of two levels so that I am always extracting profits out of the position as possible (always covering the lowest entries at a profit when possible) - part of the overall risk management.
 
Quote from Surdo:

So you have over $587K in performance bond, that's cool!
I am amused by your fiction here, keep posting.

surdo
More...

It is truly a shame that elitetrader has become a forum where this is happening much too often.
 
Quote from Surdo:

So you have over $587K in performance bond, that's cool!
I am amused by your fiction here, keep posting.

surdo
More...
Trade CL (and ES) in a private fund (2.28 million).
 
Quote from 5Pillars:

Trade CL (and ES) in a private fund.
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Be careful when the CD skips!

244upts.jpg


surdo

PS: You may be in violation by posting your positions on here, if you are managing "actual" funds, which most of us seriously doubt, putz.
 
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