I'm basic and have a question about CL

I'm feelin it - I'm feelin it

So what are my chances of making 300-400$ day on one lot / with 9900?

 

Slim to none if you haven't been trading for a long time.

 

just go for it!! just only allow yourself to make one trade per day on what you feel is a super sweet setup (failed b/o or successful b/o) on 5 min or 15 min. You can make 300 bucks in 1 minute. Risk 150 to make 3 or 4 hundred. Word of advice, stay away wed. mornings unless you're a master fader. I'm assuming this is just fun money that you would be pissing away on pot or whores anyway. Oh yeah... why is it just 9900?? What happened to the other 100 bucks?

 

Once you get a feel for CL .30-.40 consistent on 1 lot is reasonable.
How long until/if you ever get a feel for CL is your business, noone on this board can help you with that one.

 

what's up with wed mornings and at what time?

and thanks for all the input from everyone!

 

couldn't agree more. thx for the reassurance here

 

EIA Inventory report. 10:30am eastern time. Do not trade.

 

that energy report is a gold mine (black gold!), just don't trade the CL, find some other trades during that time.

 

thank ya thank ya thank ya !! Appreciate the info and will be watching what happens on Wed

 

What's interesting is now that i look back on Wednesdays i realize that these periods of high volatility actually played into my strategy and the funny thing is is i didnt even know why! veddy intedesting