Since I have been saying how well I have been doing on the Crude Oil Inventory release trading, I ought to share my results this week which were disappointing to say the least. I have had internet issues for several weeks, but now have a backup ISP connection and a Dual WAN router.
But had not felt confident to trade the Oil Inv release in my live account for the past few weeks until I had those put in place.
[8:51:00 PM] Ian Foster: Update on my progress (or lack of progress). I only traded 3 days this week. Tue, Thu and Fri. For the first time in quite a while I messed up my Oil Inventory trades. I had the direction correct for the initial scalp (Ray style) but got a re-quote when trying to exit and decided to hang on for a 2nd bite at it. Well it turned and bit me with a Stop Out. I then pre-empted the Sam style trade and got another Stop Out, before taking the pass-thru rejection long. Unfortunately I had to exit (for a net 0.2% basically a scratch) because of dinner and wife while the trade still had potential - I was looking for the prior day's high and the 47.0 level. I also had a poor day today, getting some disastrous trades on E/U, Oil and SP500 as well as a good trade on Oil and a good trade on G/J for a net loss of 1.5%.
So my week's net totals (not rebased) were Tue +1%, Thu +4.2% (mainly Dax and G/A) and Fri -1.5%. So only +3.7% for the week, but considering how poor my trading was (I won't share how bad my expectancy='R number' and % Max were, but any institution would fire me for those figures), it is a good net outcome for the week.
Thus my bottom line results this week are only about what I expect to make from the 2 Oil Inv trades alone !
But had not felt confident to trade the Oil Inv release in my live account for the past few weeks until I had those put in place.
[8:51:00 PM] Ian Foster: Update on my progress (or lack of progress). I only traded 3 days this week. Tue, Thu and Fri. For the first time in quite a while I messed up my Oil Inventory trades. I had the direction correct for the initial scalp (Ray style) but got a re-quote when trying to exit and decided to hang on for a 2nd bite at it. Well it turned and bit me with a Stop Out. I then pre-empted the Sam style trade and got another Stop Out, before taking the pass-thru rejection long. Unfortunately I had to exit (for a net 0.2% basically a scratch) because of dinner and wife while the trade still had potential - I was looking for the prior day's high and the 47.0 level. I also had a poor day today, getting some disastrous trades on E/U, Oil and SP500 as well as a good trade on Oil and a good trade on G/J for a net loss of 1.5%.
So my week's net totals (not rebased) were Tue +1%, Thu +4.2% (mainly Dax and G/A) and Fri -1.5%. So only +3.7% for the week, but considering how poor my trading was (I won't share how bad my expectancy='R number' and % Max were, but any institution would fire me for those figures), it is a good net outcome for the week.
Thus my bottom line results this week are only about what I expect to make from the 2 Oil Inv trades alone !