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Thursday 24 April 2008

Oil Falls over $3 and HPT.....

It's about DAM TIME!
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.

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