Wednesday, April 28, 2010

GIVE UP HUNTING THE BOTTOM


After hundred times stopped out chasing the bottom, I realized CL is not very friendly about it. They keep hunting the Stop until the last drop before soar to the sky.

It's very exhausting, money and physic to keep watching the CL all day to catch the bottom.

I am pscychologically tired keeping eye at CL. Meanwhile I will daytrade Options as it's more low risk reward ratio and not stressful.

My method will be more methodical and systematic. I will become a Daily Wage Trader again, enhanced with discipline and rules. I DUMPED MY DISCRETIONARY AS IT'S DO MORE HARM THAN GOOD.

$200 minimum profit per day, for the next 5 days. And the most important is: $200 max loss per day.

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