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Holdings = short 4 Oct 2011 contracts
2 at 86.36
2 at 87.60
Avg 4 at 86.98
Close today 88.89
Open equity -1.91 * 4,000 = -$7,640
Cash Balance = $66,460
Net equity $58,820
no open orders
-----comments-----
On the ES I missed selling the 1229.75 - mostly I think because I was so tired. In the back of my mind was that it would come back up around 14:45 and I was wondering if CL would do the same.
I closed my short trade of today for a few pennies. (in part because of the 15 min CCI)
Learning lesson : Trust your numbers. Don't use 15 min CCI for topping in CL stay with the 5 min. Once in a trade go for at least 63 cents unless you are sure you are wrong.
aquarian, a question: do you have buy stops above the market at some point where you want out if you're wrong? Just curious what you would do as a longer term trader if the market just exploded up tomorrow like $4. How long do you hold?
