Monday, August 8, 2011

Monday 8/8

I am stuck in CL long trade and don't want to get out at these lows. I just had to lower my stop again. This time to 79. I've been trying to catch a falling knife here and its not working too well.




UPDATE 5:25 PM
I finally got stopped out during after hours @ 78.90 for a loss of -7.82. That's in addition to the loss of -2.19 on the first position that I got stopped out from last week. So that's a total loss of -10.01 on this CL long position. What a horrible trade. I broke all my rules this time. I wish I had not re-entered a losing position, and shouldn't have kept lowering the stop.



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