Ohhhh brother. Live and Learn!
Well, I decided (like an idiot) to bite the bullet and get out of my Long because I had to go to work...and who knew what would happen next? (OF COURSE what happened next was that oil soared, and I could have been in profit. Just shoot me!!) My account had already been "adjusted" by $300 (for the overnight hold of the trade, and recalculated value), so when I sold it, it was only another $50 loss on top of the adjustment. ONLY! A total loss of $350. Arghhhhh. Kills me. My own stupidity. BUT. I managed to make it back, once I was out. So slim profits, but at least I stayed afloat without giving up all my gains. A lesson learned, as my readers reminded me, so gallantly, in the comments section of the last post.
At the moment I am busy investigating other indicators, and have ordered the John Carter book "Mastering the Trade." I'm always, always, always interested in new
stuff, as long as it's not expensive and not something I've already done.
(Sometimes it feels like "what haven't I done???")
BTW, I'm really enjoying the reader participation. Just what I always hoped for on this blog!!!! Keep writing, keep sharing, puh-lease!!!