Day Trading Down But Not Out

Day Trading Down But Not Out

Day Trading Down But Not Out

Crude Oil Futures Market went up and up and up, but finally what goes up must …

That’s right … come down! I was able to capture a $500 profit during the trading session on 4 trades today.

Day trading crude oil can be challenging, but when you get one of the trade setups in your wheel house … take it!

YouTube Summary Video:

 

Futures Crude Oil Day Trading Wistia Video: Watch Last 20 to 30 minutes for a Surprise!

 

 

Around 260 minutes of the video above, I talk about some of the futures plans I am debating upon … and how it could benefit you. The video recorded two audios so the music of Audio 2 is a little distorted, but at the beginning and end of the video you can see my entry setup and the exit on the trade.

I was rocking out during my trading session … the middle of the trade is simply me managing the trade. If the feedback is to hard, then mute out the sound you can still see my trade management on the screen.

Futures Crude Oil Day Trading Charts: Blue Blowoff Volume (Highest Volume Bar)

Futures Crude Oil Day Trading Charts: Wyckoff Stopping Volume (BLUE)

Futures Crude Oil Day Trading Charts: I believe this was 1P not 2P profit target.

Futures Crude Oil Day Trading Charts: Gann Fan Being Shown (S/R)

Futures Crude Oil Day Trading Charts: 2P Profit Target Finally Run

Futures Crude Oil Day Trading Charts: Trade Exit Trailer

Futures Crude Oil Day Trading Charts: TST Trading Account Summary

Futures Crude Oil Day Trading Charts: Trade Fills Plus 53 Ticks

Futures Crude Oil Day Trading Charts: Trading Spreadsheet Showing Targets, etc.

Futures Crude Oil Day Trading Charts: TopStep Trader Funded Account Statement Summary Report

 

Day Trading Down But Not Out

Today was one of those days you simply dream about … you have your plan of attack. You are laser focused and you execute your trading plan.

Although, the crude oil futures market did not go down to the 50 percent retracement figure during the day trading session, it did go down enough to pull out a nice winning trading day.

With that being said, most of what I want to say about this trading day I have already said in the Wistia Video up above. The first part of the video you will see my trade entry and the last 20 to 30 minutes or so … I go over the trade’s details in much more length.

If you pay attention and can follow directions, I have placed a surprise inside the last 20 to 30 minutes of the day trading video.

 

Good Trading,

David M. Knight
TradeCraze

P.S. What is the ONE THING that keeps me in the game? Find out here!

 

 

 

 

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.