“I should stop taking crude trades I feel. I am in a loss of almost 5k now. Crude is stuck in a range and I am bullish on it!!”
I had written this on 16th may and today I’ll just share the screenshot here
Crazy! Just a bit of over trading on crude. The loss should have been just 5k. What happened is that today was EIA data. It is realised every Wednesday at 8pm. So yeah have tight SLs when trading on Wednesdays.
After messed up day trading, I was careful with night trading in crude. I actually exited at 2k profit and then took entry again. So Stupid. next time do that only if it crosses high. Then again took an entry when it came to original buy price and SL hits and then took the trades again 2 times . Buying the dip and it kept dipping.
The inventory was high compared to estimates that why it crashed. Also edge trades are in a drawdown of 10%. I have been taking all the trades nowadays. I think I need to keep taking them with 2 lots!!
Also I need to reevaluate long term positions. Will update on this tomorrow
Let’s trade well tomorrow. 2 lots probably!!. Might have to exit crude in loses!!
Will post daily screenshots everyday from now!!!