191 - Results for Oct 20, 2017 - Sold Yesterday's Long for 1.91% and a $205 Profit + Bought Short
Channel: Crude Oil Trading Journal
Date: 2017-10-20

* The upswing was impressive this morning
* Given the willingness of the market to go below $51 in Europe/Asian trading, I decided to be less greedy
    * I bought a small(er) short position at $51.60
    * Smaller than I was willing to buy yesterday
* If we continued to climb, I’d be able to exit my long
* When we dropped my plan was to sell 2 shorts for break-even just to reposition them on a future bounce… but…
* We went back up, again, …so I decided to sell the long at the high of the day (at the time) of $51.70
    * I collected $205.37 in profit - a return of 1.91% …small, but healthy given the low of $50.59 earlier today

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