theroguetrader
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hey Paul,
Your sure gonna be on a roller coaster if your trading Crude :-0 - i try and limit my trading in that instrument to one a day (which is rarely), and see how it goes from then on in, like the first few hrs after the open -
If its a SB, youll get hurt on the spread and if your wrong, it will hurt " big time ", because of the loss on top of the spread and if its a contract on the market, well you must like the adrenaline rush
Try and be careful not to trade when the market is thin - (no volume) - (despite what the chart is doing) - when theres low/no volume, the price gets " squeezed " - !!
(On the underlying market, one day it may take 00s of contracts to trade to get the market to move 5 ticks - the next day, it might only need 50, if you see where im coming from.??
Boredom and " wandering hands " near trading platforms are not best friends :!:
Everyone in the market places stops at key chart points - when a stop is activated, the market will undergo a short - lived but " larger than USUAL " price move -
A STOP is an order that becomes a MKT order if a specific price trades - so being aware of where everyone elses stops are located and planning how you react to them, will help you book BIG profits - (if you can try and incorporate it into your existing strategy) etc..
" get in
get out
go play " ..... $$$
hope its all goin well,
James..
Your sure gonna be on a roller coaster if your trading Crude :-0 - i try and limit my trading in that instrument to one a day (which is rarely), and see how it goes from then on in, like the first few hrs after the open -
If its a SB, youll get hurt on the spread and if your wrong, it will hurt " big time ", because of the loss on top of the spread and if its a contract on the market, well you must like the adrenaline rush
Try and be careful not to trade when the market is thin - (no volume) - (despite what the chart is doing) - when theres low/no volume, the price gets " squeezed " - !!
(On the underlying market, one day it may take 00s of contracts to trade to get the market to move 5 ticks - the next day, it might only need 50, if you see where im coming from.??
Boredom and " wandering hands " near trading platforms are not best friends :!:
Everyone in the market places stops at key chart points - when a stop is activated, the market will undergo a short - lived but " larger than USUAL " price move -
A STOP is an order that becomes a MKT order if a specific price trades - so being aware of where everyone elses stops are located and planning how you react to them, will help you book BIG profits - (if you can try and incorporate it into your existing strategy) etc..
" get in
get out
go play " ..... $$$
hope its all goin well,
James..
Attachments
Hey James
I don't trade all the sessions all the time - been there, done that and got a hiatis hernia for the privilege.
I've been trading futures and options since mid 90's and prefer to avoid the noise if possible. However, CL contract trends beautifully in shorter TFs.
All the best
Paul.
I don't trade all the sessions all the time - been there, done that and got a hiatis hernia for the privilege.
I've been trading futures and options since mid 90's and prefer to avoid the noise if possible. However, CL contract trends beautifully in shorter TFs.
All the best
Paul.
hey Paul,
Your sure gonna be on a roller coaster if your trading Crude :-0 - i try and limit my trading in that instrument to one a day (which is rarely), and see how it goes from then on in, like the first few hrs after the open -
If its a SB, youll get hurt on the spread and if your wrong, it will hurt " big time ", because of the loss on top of the spread and if its a contract on the market, well you must like the adrenaline rush
Try and be careful not to trade when the market is thin - (no volume) - (despite what the chart is doing) - when theres low/no volume, the price gets " squeezed " - !!
(On the underlying market, one day it may take 00s of contracts to trade to get the market to move 5 ticks - the next day, it might only need 50, if you see where im coming from.??
Boredom and " wandering hands " near trading platforms are not best friends :!:
Everyone in the market places stops at key chart points - when a stop is activated, the market will undergo a short - lived but " larger than USUAL " price move -
A STOP is an order that becomes a MKT order if a specific price trades - so being aware of where everyone elses stops are located and planning how you react to them, will help you book BIG profits - (if you can try and incorporate it into your existing strategy) etc..
" get in
get out
go play " ..... $$$
hope its all goin well,
James..
