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Learning from a Crude Oil Position
Had a tough one in $CL earlier this year. Was shorting a range break, seemed like good conviction, but I let it run a bit too far without adjustment when the market started printing higher lows. Instead of cutting for a small loss or even flat, I kept resizing up on the dips, convinced the trend would resume. Eventually, the breakout above my original entry point stung, proving that stubbornness rarely pays off in a volatile market like crude. Took a larger hit than necessary simply by not adhering to the initial risk parameters.
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