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Crude oil Position/Swing Trading in Low Volatile price Environment
I am starting this thread to post Crude OIL Futures position/Swing trades.
The background:
1/ Lately OIL is trading 100 tick ATR range and AT the Money PUT/CALL Options with 30 Day expiry are trading around $1.75 , this is very cheap Option prices. As recent as 2 months ago these AT the money 30 Day expiry options are traded around $3.00
2/ In this Low volatility environment , I am experiencing Position/Swing trades fare better than Day Trades. You do not have to worry about 20 to 30 Tick STOPs to realize similar gains on the upside .
3/ Max. only 2 trades allowed per day, that is 2 Buys and 2 Sells. Ideally try to be 1 Buy and 1 SELL per day.
4/ Holding PUT/CALL Options overNight is one of the main themes of these trades and take FUTURE contract CONTRACT LONG/SHORT positions with the Previously bought PUT/CALLs as Protection.
5/ Trades are based on Discretionary method with Fundamental Analysis background and some Technical Chart Info.
Initial Capital: $20,000 (to avoid controversy , consider this as SIM Account )
