As green as can be, (Binary) only started a few days ago and broke all the rules today as far as I can tell! If a long term trade looks as though its not going to pay, what's the counter reaction to try and reduce losses? I have tipped Oil to go down and may have traded a little too late.... I still have 9 hours until it expires but in case oil is steady again and looking not to fall as low when I traded what do I do??
So_Cynical
The Contrarian Averager
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Classic error #1 ~ The need to recognize the difference between gambling and trading/investment.
CanOz
Home runs feel good, but base hits pay bills!
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Binary, so you've already paid the price the play. There's only two outcomes, wait and see. Why are you second guessing?
I'm fixated on watching the chart and right now its not in my favour.... a lot can happen in the next few hours, wait and see as you say. Thanks
CanOz
Home runs feel good, but base hits pay bills!
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You'll soon find out if the short covering holds when the pit opens....I think it's around 9 am central time , but check the nymex website.
CanOz
Home runs feel good, but base hits pay bills!
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Gotta be happy with that? New lows...
Modest
It's in the chart
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Oil dropping hard
