Calvin & Hobbes

CL Power – How Much Would YOU Invest?

CL Power – How Much Would YOU Invest?

WHO is the worst trader EVER?

After giving this a lot of thought over the last few days, I have decided to offer a goodwill gesture to several lucky individual traders who decide to come along for the trading journey with me.

CL Power TST Quest: TST Quest

The first chart below is from TopStepTrader and it is showing my FTP or Funded Trader Preparation Trading Account that I will be starting on September 1st, 2015.

Yes, it would have been awesome to have the account set for this trading week that has just passed with all the volatility and action, but it was not to be as I had to wait for the funding department to set up my FTP account.

CLPORT Method today (Crude Oil Power Opening Range Trade Method) showed a long signal (BUY) today at 4212 at 8:08AM CST. This trade went to my ultimate profit target on the trading session of 12P, if you had the nerve to hold on.

Today this meant you would have profited over 317 ticks per contract or over $3,170 before commission costs.

This was the hardest part of the trade today … where should you place your stop after the market has moved 2P in your favor?

Today 2P was worth 53 ticks. So basically, you had $530 on the table, then the market went down and through 1P before stopping and then going basically straight up through 10P on the trading session.

On the chart below, we see the Crude Oil Market moving up and through 5P or 132 ticks on the buy trade.

The red line running across the chart is R1 on the trading session. Before we ran R1, the trade went through 7P on the trading session.

7P Profit target was worth 185 ticks or $1,850.00 per contract traded on the trading session.

CL Power TST Quest: TST Quest

Crude Oil Buy Trade going from 7P to 10P …

Would you have the nerve to hold all the way up to 12P on the trading day? Today, my ultimate profit target was worth over $3,000 per contract traded.

CL Power TST Quest: TST Quest

Here is my trading spreadsheet along with the 12P profit target shown on the trading session. The Buy number is based on the opening of the Crude Oil Market on Friday, August 28th, 2015.

Have a Blessed Day and Rest of the Month!

 

Good Trading and God Bless,

David M. Knight
TradeCraze

P.S. CL Power TST Quest: TST Quest

P.S.S. By the way … my TST Quest has over 24 videos and growing on my trading method!!

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.