Risk/reward is good if you can get short and hold for the ride with a trailing stop..... Order just filled at 32.70 short. Will cover 80% at 32.20 if we get there.
I am absolutely amazed by both of you. Contract moved $7's against your direction and you guys are pounding your chests on making 50 cents, while letting the position run against you every single time. I don't see how anyone can take this seriously. It is amazing how everyone covers at the lowest points of every single pullback.
The thing is that I did exactly the same years ago and got my @ss handed to me. However, having a constructive discussion as to why this strategy doesn't work in the long run is impossible with these guys.
It's amazing, I have tried a lot and never been able to do it. But hey, what do I know, I am just a simple trendfollower.
Well, if I am correct, 5pillars is short a 40 lot cl at an average price of 130.36 (including the profit he took). Oil at 133 is a world of hurting for him.