One And Done Trading: CL

Trading Perspective

Today I felt like I regained my trading perspective, emotionally I feel I have regained confidence in my technical analysis to the point, I do not feel the need to chase the market, not for out of fear of being wrong, but by acknowledging that the market is choppy. Choppy conditions make for tough trading. If the trading day appears to be choppy just the slightest, I am mentally training myself to move on with my day without risking any capital.

The chart below is an example of how my money management works. I sold CL 47.85, began with 10pt stop, as the trade began to work in my favor, I quickly moved my stop to a profitable position, also referred to as a "profit stop". A profit stop allows your position to work while simultaneously locking in a profit.

In the below CL chart below, my profit stop locked in only a profit of fifteen bucks... take a look at how far the market when against my original short of 47.85. [Pause]

As I was typing out my thoughts, CL just sh*t the bed for reasons I have no clue to as why? I quickly checked CNN to see if North Korea fired a missile or something...CNBC article [Oil Prices Fall]

U.S. crude oil refinery inputs averaged about 17.2 million barrels per day during the week ending April 28, 2017, 108,000 barrels per day less than the previous week’s average. Refineries operated at 93.3% of their operable capacity last week. Gasoline production increased last week, averaging 9.8 million barrels per day. Distillate fuel production increased last week, averaging 5.1 million barrels per day.

Full report here


Trading with CL is not for the timid!!! I'm foolish enough to do it anyway. Sucks for the traders who just bought the high and did not have a stop order in play.

Lesson learned that I did not have to pay big $$$ for, avoid trading CL on EIA report days. FYI, today is a FOMC day as well.

Lot Size: 1
CL: +$15

Total # of trades: 1
Percent Profitable: 100%
# of winning trades: 1
# of losing trades: 0
# of even trades: 0
Total: + $15

"Better Trading Ahead!"


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Todays Trading Summary: YM/CL/ EXEL Option

I'm ending my day with a small profit, but I clearly over traded today. It's a small win for me that I decided not to trade anymore today.

Full disclosure: I also trade options, when my daytrading is not going well, trading options gives me the opportunity to take some time off from the daily grind.


I'm ending this day with a loss. Took another CL trade that went aginst me and hit my stop. Began the day with a quick decent profit, kept trading out of fear of not wanting to miss the big monster trade I have in my mind.

Easy Trading

The kind of trading that is quick and easy. I will have to mentally prepare myself for only taking easy trades... How do you know it's an easy trade or not you ask? 

Well, if you have taken the time to trade what you see based on good technicals, you should be able to get into a profitable trade that's working fairly quickly. The hard part is not to get in the way of a trade that is working... see CL chart below for example. If you have to take multiple trades to get back to even, your better off waiting until the next day to trade again. Tough trading comes with tough losses.

I have to remind myself that my trading is a lifestyle, not the end goal just to make a lot of money or to always be right. I still believe that by trading well and allowing myself to be in the zone, the wins and money will follow.

Lot Size: 1
YM: - $28

Lot Size: 1
Option: EXEL Jun16'17 25 Call
EXEL: -$7

Lot Size: 1
CL: -$48

Tota l# of trades: 10
Percent Profitable: 20%
# of winning trades: 2
# of losing trades: 5
# of even trades: 3

Total:- $83

"Better trading ahead!"


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