SHORT oil @$125.55 and up

Quote from 5Pillars:

5 contracts in at 133.50 and 5 in at 134.25 (no fill at 134.50) - cost basis for trade since started with all profits included is roughly $131.81 - position is underwater just over $2 per contract. I have 5 lots parked at 134.50 and my last entry at 135.50.
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Was filled overnight with 5 at 134.50 (no fill on very last standing entry at 135.50 - price never traded there) and had good accordion action and some trade management covers during the overnight session and into this morning. I have covered my 133.50 (5) and 132.50 (10) entries at $132.00 for +$1.50 and +$.50 per contract and numerous accordion hits as well with the good price oscillations.

Currently I am holding 134.50 - 134.25 - 131.50 - 128.35 - 127.85, the position is back in the green today at this point with the price break action. I have a target to cover 1/2 of my 131.50's at $130.00 and the rest I will cover at $127.85 as well I will cover 1/2 of my 128.35's at that level - the rest of the position I will hold and evaluate the situation.
 
Quote from Grandeur:

I thought you traded 10-10-10-10-20? Based on the info and equal size on all trades your cost basis is not what you claim. You also claimed you haven't had a loosing trade in cl this year. Even though it seems it is personal, but this is what has become elitetrader, people claiming whatever is convenient.
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Correct - but for obvious reasons I was in the green Tuesday and then underwater and full defensive yesterday with the price spike, so I trade it as I feel is most prudent under the current conditions (discretionary). I have a playbook for the methodology but when "in the game" you have to work the plays within the confines of your trading environment (I had decided to scale the last 20 positions in as there were NO price oscillations for accordion hits yesterday - pretty much a micro parabolic move that I had to account for while entering my last positions).

You also do not have the ability to understand how the position makes profits from accordion action (constant scale out and scale ins when price is oscillating like most days - over 80% of price action and 20% is trending). The positions cost basis is not STATIC based ONLY upon where the primary position entry levels are - the cost basis is dynamic and constantly changes as main covers are taken and accordion hits are accumulating.
 
all those fancy words to try to explain how you are making money shorting crude on the last few days, lol, I think et just hit a new low
 
Quote from Daal:

all those fancy words to try to explain how you are making money shorting crude on the last few days, lol, I think et just hit a new low
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He trades 60 lots of CL, shorted starting at 125, do the math.

He is either paper trading or more likely...just totally FULL OF SHIT!
 
I am very sorry the CL did not run up to 137's and stop me out - I am sure you were just licking your chops to come in and praise the defeat - LOL! :p

Typical ET :D
 
Quote from 5Pillars:

I am very sorry the CL did not run up to 137's and stop me out - I am sure you were just licking your chops to come in and praise the defeat - LOL! :p

Typical ET :D
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Post a blotter big swinging PAPER TRADER!
 
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