Well, I managed to get myself caught Long again in that nosedive yesterday. I can only say that my puny little contract at 103.35 may be my undoing. I'm already down ALL my profits since I started this on 6/25/14, and am into my principal for a couple of hundred.
The question was asked what was my entry trigger. I hit a support line on that Volume Profile indicator, and RSI and MACD had a momentary blip confirming "up"
and I should have waited for additional confirmation, but it all dropped like a stone, and I wasn't on top of it. I know, I know, I know.
I was fooling around with other chart markers (which I don't know how to use yet) and I believe I got distracted somewhat to boot.
This is my learning tool and it appears I'm a slow learner. Let's hope my fund lasts to use the lesson. It's another 12 days, I think, before this contract
expires. So can we all send oil up, up, up with our intentions? Please!