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Like a turtle to his balcony...


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Like a turtle to his balcony...

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  #411 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011

I thought about it as I went to bed last night, and while I see the opportunity in the volatility potential, trading is about probabilites and edges. And not about money, at least not as a priority. The reasons I will trade CL and not 6E for today are;

1) I watch CL constantly. I understand it's nuances, how to read it's volume. That in itself is an edge.
2) I am calm when I trade CL. That is a psychological edge.
3) I do not study to take advantage of news events.
4) A big move is not required for me to be profitable, and in fact, big moves can be difficult to trade.



After I wrote that I opened my "TUT" email for today;

"Whenever an escalator to "success" ascends without you, Gary, (just "swoosh-h-h-h-h-h!" right into the sky leaving you on the ground), it's always because there's another one on the way that will go even higher, with your name plastered all over it."

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  #412 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011

CL gap down open, waiting to see how volume responds. 6E held at the major support and rallied overnight back to 1st level resistance.


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  #413 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
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Posts: 6,462 since May 2011



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  #414 (permalink)
Orlando, Florida
 
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Posts: 6,462 since May 2011


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  #415 (permalink)
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Posts: 6,462 since May 2011

1 off


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  #416 (permalink)
Orlando, Florida
 
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Platform: shoes
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Posts: 6,462 since May 2011

closed


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  #417 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011

I really wanted to trade short today, but the setupo was not there in my view... 6E rallied, CL came off, weird correlation. And I do not know why, but last night I expected a weird correlation.

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  #418 (permalink)
Orlando, Florida
 
Experience: None
Platform: shoes
Trading: happy
 
GaryD's Avatar
 
Posts: 6,462 since May 2011

Still not holding my runner correctly.. that is the focus this week. break the pattern..

The worst thing that will happen is I give up money I did not have in the first place. It is all in motion. Accept volatility.

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  #419 (permalink)
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Posts: 6,462 since May 2011


GaryD View Post
I really wanted to trade short today, but the setupo was not there in my view... 6E rallied, CL came off, weird correlation. And I do not know why, but last night I expected a weird correlation.

The Euro is not the only thing that affects the price of oil.

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  #420 (permalink)
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Posts: 6,462 since May 2011



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