March 19th, 2012: 24 Ticks Profit on Monday’s Crude Oil Trading

Hello Traders,

I was doing some thinking and I thought I would share this with you today.  My goal or your goal should be to play with the “house’s” money as quickly and safely as possible.  What this means to me … is you should make every effort to remove the starting capital until you have completely withdrawn the starting capital balance.

You can safely do this on your wins in your trading account using the STAB Money Management Method way of approaching your trading.  For instance, I have already withdrawn $625 at this point in time against my starting trading account balance of $2,500.  My next trading account wire out will further reduce this original investment or bet if you want to look at it in terms of odds and statistics.

I will go in more detail on what I mean on how to approach this in further content to be added in the future.  Below is the 200 Trades Chart from Monday’s Trading.  I was able to earn another 24 ticks in today’s trading.

March 19th, 2012:  200 Trades Chart

=================================

Some of my Trading Notes on the Trading Day:

I made 24 ticks on 1 contract on the trading day today … not great but not bad either.  In my mind I know I am closing in on the UADR (Upper Average Daily Range) … what this means to me is I am closing in on the range high for a normal trading day so I wanted to be aggressive as I approached it.

In the end … one contract trading is about one word … SURVIVAL!  To live to see another trading day!!

To wrap up today’s trading … 24 ticks profit on one trade … the market is selling off at 11:05AM … I will take the money and run today!!

=================================

Good Trading,

David ‘Tiger’ Knight

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.