Guess im just getting frustrated with this market. Tommorow is another day to try and keep all the profits. The 7787 sell was entered before bedtime .. I have a strategy were on big downdays there is some retracement so I was selling a single contract for that.
Just got home to see this came within 1 tick of getting filled. However I'm not gonna chase it. Avg long at 77.025 and looking at a daily QM i see the TL at 75 you guys were talking about. Therefore if I can add to this position tomorrow around that level to bring my avg down to 76ish and we get to 78 next week before expiration my pregnant wife won't starve and I can pay my $500 electric bill. If it goes below that trend line I will have wasted a week and a half and we'll just kill the dog and eat him. Unfortunately it looks like it gonna stay hot and I love me a cold house What will probably happen however is it will go to 77 by the morning and I won't get out around b/e then it will tank to 72 after I add at 75. maybe scalping is the way to go:eek:
Shall we see CL trade below yesterday's low and break $75? Last few times thats happened it kept going.
Pulling my hair for not shorting at 76.10. Stupid, stupid, stupid. Stop-limit (2 tick offset at 75.34) to go short... after 30 ticks in the money I will trail stop aggressively Hmmmm... I have it in sim because 1) we'll already be down a bit to get there and 2) I think euro's London close approaching is the only thing that is pulling down oil (seems nobody wants to stay long over the weekend just in case another politician opens his mouth) - if equities start to tank I will change the order to my live account (and post it - no tricks here )
It's nothing worse than indecision in this business, I though about it 100 times to short at the 20 MA (75.77)......that would it be 30+ ticks. I need a drink!!!!!!!!!!!!!!!!!!!!!!!!