TST Redevelopment Opportunity

Wednesday: October 7th, 2015

TST Funded Trader Day 5: Crude Oil Market Trading

As I am looking over the market, we are trading above the $49 a barrel mark for the first time since July 31st, 2015. The Crude Oil Chart below is the Daily Chart.

CLPIT Method Trade: Trade #1 lost 23 ticks and downhill from here … nothing I really want to add to my trading discussion.

I will not be going into Redevelopment at TST.

I broke the rule of Max Daily Loss … the slippage and being to close to $500 did me in on Wednesday. The increased volatility of the crude oil market had me at 23 ticks for 1R and you can see two losing trades places me at 46 ticks without slippage plus commission.

It doesn’t take a rocket scientist … that I am not able to take a full R when it is above 20 ticks on one contract. I am right back to the drawing board.

I didn’t really want to talk about it. But I will on my next blog post where the topic will be Volatility versus Risk.


Good Trading and God Bless,

David M. Knight

P.S. When I feel like talking about it I will let you know … basically lost my trading discipline and patience.

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.