Holding this trade for 4 days was a stressful experience.
Volume Profile Analysis BABY!
I had exited in the $114.60-115 range based on the volume gap I saw.
Here's the action as it unfolded-
Overall, I put on a bad trade on Monday that I should have taken a loss on when Crude Oil rallied into the close. However, due to the fact that Oil had been up 13/14days at the time, I felt compelled to hold this trade thru some pain in order get the pullback that I expected. Next time, USE THOSE STOPS, no matter how ridiculous and overvalued a stock or futures contract looks.
4 comments:
I was rooting for you from afar...
...But don't trade like that again!
It was a bad trade. Perhaps my prayers were answered. I may not be so lucky next time.
PS. Nice to see other futures traders.
you held it for 4 days. Wow !!! i would've gone freaking insane, watching it trend higher and higher...little bit lucky there for sure.
It was stressful, that's for sure.
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