Thanks for the advices! I continued to play with oil today and got burned. I typically ignore my rules in trading, which is a big problem to me for over a year. I usually got away from violating my rules in trading ES. But, not today. I got 3rd degree burns by the oil. I was shorting all day and lost big money on a day the oil price dropped like a rock. Totally wrong. The good thing is that I have decided to follow my rules from now on. I am going to treat oil seriously, will not under-estimate this wild animal. I am confident that I will take a lot of money from oil.