usman88 Crude oil futures journal

This is my first attempt at a journal
correct me if I go wrong

Following are the trades for today CLG8

S 4 96.54
S 4 96.52
S 4 96.50
B 4 96.30
B 8 96.21
S 10 96.13
B 10 96.00
S 10 95.83
B 10 95.69
S 10 95.61
B 10 95.48
B 10 95.10
S 10 95.29
S 12 95.23
B 12 95.12
S 10 94.46
B 10 95.51
S 10 95.42
B 10 95.20

A total NI of 11,435. A vgood day

 

would be better if you posted when you entered the trades

you`re broker must like you?

 

thts difficult
ill try tho
it doesnt hurts to pay ur broker when u r earning

 

hello sir ... if you are trading real money here ... do you mind me asking what your prior background is in futures and if you are retail prop trader ex local etc and what your usual time frame is and even what other markets you trade ?

good luck to you sir

 

was it this move u traded?

 

@Setharb

I use a combination of 1 min & 5 min charts. I have no prior experience in futures and I ve been trading since the last 3 months. Prior to that Ive done occasional investments in stocks (not actively)
My basic strategy is to look for 10/15 cents and exit.

@loik

yes

 

sorry guys couldn't post yesterday due to some unforeseen circumstances. First of all yesterdays trades

January 3rd, 08

S 6 98.51
S 1 98.85
S 1 98.90
S 1 99.00
S 1 99.08
S 1 99.01
S 1 98.97
S 1 98.98
S 1 98.92
S 1 98.99
S 1 99.01
S 1 99.00
S 1 99.22
S 1 99.33

Well this was one day i would like to forget about. Earned $2/3K earlier in the day but made a crucial mistake by shorting 6 lots and then adding to the losing position. Here I would say that averaging out is not my style but even then I did it here because I knew market would rebound to 9890-9920 range. As it turns out I was correct as the next post will show todays trade(how I got out of these losing positions).

Overall at the end of the day Floating loss was around -$12k

 

Today was a better day. Trades as follows


B 31 99.07(covering yesterdays short position and going long)
S 12 99.94
S 1 99.73
S 1 99.90
S 1 99.91
S 5 99.96
S 6 99.89
B 14 99.82
S 2 99.80
B 2 99.71
S 2 99.64
B 2 99.48
S 5 99.41
B 5 99.18
B 5 99.50
B 1 99.36
B 1 99.15
S 2 99.38
B 2 99.15
S 2 99.40
B 5 99.51
S 5 99.63
S 5 99.61
B 10 99.66
B 2 99.40
B 4 99.08

In the end I am long CL 16 lots @ 99.48(avg rate)

 

Usman88

Your cost averaging system will eventually blow your account.

What will you do if oilf makes a $40 spike overnight? or a $5 spike?

I am sorry to tell you the truth

OILFXPRO

 

well we must know his working capital. If this is a 5mm account, he is fine to trade this size.

On the other hand, 250k ... asking for trouble. big trouble.