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5/4/17

CL Trade Analysis

I made a profit today trading CL, but I honestly had to work a lot harder at it than I wanted to. Not the kind of trading I say I do not want to engage in. As a trend trader, it's difficult for me not to get tunnel vision when I think I see a trend in the chart. Take a look at the chart for yourself, I see a descending triangle begging me to short it, notice how many times I traded today...
I was about to go into another shoud've, would've', could've rant, like how CL "could" keep selling off without me riding it down. But I have to remind myself that trading is a lifestyle for me. Make a profit and move on with my day.

As I wrap up this post, CL has sold off more without me in it... I'm grateful I can walk away with a profit and not a huge loss.

Thanks to those who have followed the blog and have reached out with support.

Lot Size: 1/2
CL: +$373

Update: Forgot to mention the quick YM trade that I hopped out of for a win. 
Another trade that falls into the category of  shoud've, would've', could've.

Lot Size: 1
YM: +$1

Total # of trades: 10
Percent Profitable: 70%
# of winning trades: 7
# of losing trades: 3
# of even trades: 0
Total: + $374


"Better Trading Ahead!"

CL


5 comments:

  1. My goodness! I cant sit here and just watch CL continue to sell off without me in it... I'm getting out of the office, good trading to you all.

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  2. hey man, great trade on CL but i can understand your disappointment. it seems like we go an eternity between catching great setups like that.

    hopefully, you'll have a good catch tomorrow.

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    Replies
    1. Thanks Rhiese, I got over missing the big move down. I recognize that I have to protect myself from myself, over trading rarely ends well for me, so I am grateful for the profit. After a big selloff in CL yesterday, I will be on guard to avoid choppy trading conditions. Today is Friday and the sun is out... may be leaving the office early today?

      Hope you trade well today.

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  3. Just catching up with your blog. Welcome to the CL world! Good luck! It's a bitch sometimes!

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    Replies
    1. Thanks MBA, still learning how volatile trading CL can be.

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"Better Trading Ahead!"