Feeling Hamstrung

Crude Oil Trading BS May 7th 2015

May 7th, 2015: Crude Oil Trading

Today is the National Day of Prayer in USA: I urge you, first of all, to pray for all people. Ask God to help them; intercede on their behalf, and give thanks for them. – I Timothy 2:1 (NLT)

CLPORT Setup: RBV 452 at 8:11AM CST Trade is to go Long at 6050 on the 123 trade setup – Trade Cancelled continued weakness.

New Trade Setup RBV 525 at 8:13AM CST Trade is to go Long at 6050 on the 123 trade setup – filled at 8:27AM CST … stop loss on trade is 6039. 1P Target is 6074 … 2P is 6097 … and 3P is 6121. On this trade, I am setting up for a run to the PP located at 6127 and the 3P profit target is located at 6121 today.

On the trade the stop loss was run at 6039 at 8:31AM CST.

Once again, this was a frustrating day for me to trade in the TST Trading Combine. I am working on how to best approach the TST $10K Trading Combine … but I feel like I am hamstrung with the very low Max Daily Loss of $300. This should be at least $500 and the failure should be $1,500 to $2,000 to a Win of $1,500 to $2,000.

Hell, I will go as far as to say that you should be able to have a loss of 25% of the account vs a win of the same amount. In other words, to be able to have failure at $7,500 and a Win at $12,500. This is doable within the guidelines of my trading method … but only being limited to safely take on 1 trade a day is absolute BS, IMVHO.

I know that I don’t make the trading rules … TST does … but to be hamstrung at every turn. I know the CL market is a rope a dope market before it normally breaks out one way or the other … once again I see a winning day turn into a losing day with the small daily max loss at TST.

I am NOT made of Money and I am very PISSED OFF right now!!!!!!!!!!!!!

 

Kind Regards, Good Trading and God Bless,

TradeCraze

P.S. After an hour to stew over MY PROBLEM … under the current $10K TST Trading Combine … there is only one answer to my dilemna … either play by their rules or find another game. They have the gold and they that have the gold make the rules. What this means to me is I am limited to only 1 trade a day with my trading method against the $10K TST Trading Combine … although … I don’t like this answer as I continue to watch unrealized profits on today’s trading continue … I don’t have any other choice with the current TST $10K Trading Combine Rules.

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.