Saturday 5 March 2016

US OIL :

The price 36.14 is near my stoploss 37.22.
In a falling market,I dont buy, I sell on rise and in a rising market ,I dont sell, buy on dips.
To me My axis trading is far below, so I didnt buy.
I had shorts at 34.80 and on Monday I will sell again above 35 $,I dont have fears of stoploss hit.
I now move around different asset classes, indices, gold,currency (usdinr), except US OIL
in all others I am  running my profits.If I lose in US OIL it will not impact me much.
However I  have to check my trades: like what I thought, if I am so sure of 22$, then
as I already wriiten in my blog of 26.42. I should have positions like
Buy in Micro lots  
26.75
26.14
25.44
24.94
24.35
23.77
23.20
22.63
22.06
stoploss
   20.17  

Trade set up has to be broadbased without narrow trades.Thats the thing I learnt here.

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