memphis
Posts: 74 since May 2016
Thanks Given: 110
Thanks Received: 15
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Good Evening ,
Can someone help me , with the Profits that would be gained , if the following Theoretical Example were to play Out
EXAMPLE:
We enter a Long on CL at the price of $37 ( Trading just 1 Contract )
For Every 10% that CL increases in price,we will add 1 contract
My Calculations for when to add 1 contract/The running total of Contracts at each ( 10% ) mark......
1. at $40.70 we'd add 1 contract = 2 contracts we are now trading
2. at $44.70 we'd add 1 contract = 3 contracts we are now trading
3. at $49.17 we'd add 1 contract = 4 contracts we are now trading
5. at $54.08 we'd add 1 contract = 5 contracts we are now trading
6. at $59.48 we'd add 1 contract = 6 contracts we are now trading
7. at $65.42 we'd add 1 contract = 7 contracts we are now trading
8. at $71.96 we'd add 1 contract = 8 contracts we are now trading
And then we'd just trade the 8 Contracts , from $71.96 to $77
If this trade worked out this way to the " T " , and we scaled-In and added 1 contract per 10% increase in CL , what would the Total Profit be , once CL hit $77 ?
Thank you for any and all help and input
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