5 contracts in at 133.50 and 5 in at 134.25 (no fill at 134.50) - cost basis for trade since started with all profits included is roughly $131.81 - position is underwater just over $2 per contract. I have 5 lots parked at 134.50 and my last entry at 135.50.
In NO WAY am I calling a top. But I noticed crude hit an overhead trendline today. It closed above it on high volume today but I want to see if it can close above it on the weekly chart on Friday or will it be profit taking time?
I thought you traded 10-10-10-10-20? Based on the info and equal size on all trades your cost basis is not what you claim. You also claimed you haven't had a loosing trade in cl this year. Even though it seems it is personal, but this is what has become elitetrader, people claiming whatever is convenient.
http://seekingalpha.com/article/78264-commodities-prices-spe As 'truthy' as it gets. Oil is so overvalued, it's literally frightening. The scariest part is the asking of the question 'why is this being allowed?'