September 20th, 2012: Crude Oil Trading

Hello Traders,

I will only go as far as my stupidity allows me … when I get my pride in front of my humbleness only bad things can come of that … I am not smarter than the market …

When I trade without my EDGE and give that up … then I am no better than a gambler … I would do better going to the casino and drinking and blowing a $1,000 … at least I could have gotten some free drinks and some comps!!

NEVER … NEVER … NEVER FORGET!  This video is required viewing 2 a week until I get my shit together!!  I had no business at all taking on any trades today.  I will not trade again this week and perhaps this month now!!  To collect myself and protect me against me.

OPTIONS AND FUTURES EXPIRATION … 3rd week of the month … on the Thursday and Friday … the whole move I was looking for took place after the 2:15PM Eastern time mark!!!  As we moved closed to the PIVOT POINT in trading towards the end of the open outcry …

My PRIDE allowed myself this LOSS and until I can control my PRIDE I do not deserve to trade again.  I am up a little over $700 on the month now in September.

Yes, I am beating myself up because I DID NOT TRADE ACCORDING TO PLAN … I Can’t afford to be this stupid ever again!  If I make losing trades … I expect that … but to be stupid and give up my edge … this is not going to EVER HAPPEN AGAIN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Thursday Trading Video:


Good Trading,

David ‘Tiger’ Knight

P.S.  YouTube Video Recap:

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.