5% - 10% profit per day trading

yeah we are trading May now, april expires today.

picked up 24c on this last move down. prob should've held it longer but the market has been choppy.

 

QM is mini sized CL

CL = 1000 barrels
QM = 500 barrels

both trade on Nymex

 

Yeah this market sucks. It stalls a lot and just sits there. Very choppy.

 

I just exited @ 51.90 with $140 profit

I am going to stop for today. None of these trades are working for me.

 

i'm going to try to get a longer term short this next retracement up. i think the bears are going to win today, the dollar is coming back a little and equities are starting to turn down. also distillates and rb failed to peak through their highs for the past couple hours.

 

closed flat at 51.80

 

Thanks mate was confused on the month contract now is clear.

 

ah crap, missed the move down.

edit: maybe not, i'm shorting at 52.15. adding 1 more if it goes up.

 

out at 51.75. i hope the last hour is more action filled

 

we're hitting a couple days of choppiness now, but yesterday we touched the top of a pretty obvious channel and i think we should be heading down by the end of today, and for next week as well.

edit: volume is very low for the day, idk if they're gonna come in this last hour but i want some action dammit!