Oops

Now I can't wait to see how low oil is going to open on Sunday just for the sake of this thread.

 

So, you have no idea about buying commodities in long term ? Doing it using futures or CFDs is worst possible idea.

 

Open downs over $2.

OP is $15000+ in the hole

 

Already sold them at 31.57. I'm happy with that. −16940 loss.

It's up since then. This was way too much risk to expose myself to.

 

I was having so much fun trading S&P futures, (I won my trade 3 times in a row. Profited about $1700.) that I decided to try oil futures and lose $17,000

 

So I'll stick to the S&P where I have stops in place.

Rather than expose myself to unlimited risk like I did here.

 

It was your size that was the problem. You got easily shaken out.

 

Yes. And just the fear of imagining what would happen if it plummeted like the headlines were saying. It has actually gone up since open.

 

This is why only day trade.

I know if i swing trade anything the market would just shake me out of my position, even if i am eventually right.

 

Unless you invest such a small amount that even if you win, you didn't win much.

But also, some swing trades are easier to predict. Some of them are flat out obvious. There are quite a few obvious predictions around this virus scare...

The indices will go up when it's over, oil will rebound, etc.