Closed the CL short @ 97.50 for a .15 profit.
Yesterday, I lowered my stop to near break-even to prevent the position from going into a loss in case the market rallied. Bernanke's QE3 hint at congress was putting buying pressure on all commodities.
Its really hard closing a $4 profit position at $0.15, but that's how trading works. Sometimes I have to remind myself that the market is the only casino in the world where one can cancel their bets near the end of race and still get their money back. As long as the market is there, I'll always have a chance to get back in and make more profits. Making .15 profit is not bad. No one has ever gone broke from making a profit.
Now that all my positions are closed, I can relax over the weekend and re-analyze the market from a none-biased perspective. The biggest event of this week wasn't the NFP numbers, but was Bernanke's hint at the congressional hearing that he is open to another round of QE. He is now backtracking a bit, but I think he was honest at the hearing. Its just a matter of time before we get QE3, which means another round of rally for risk assets, commodities, equities, etc.
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