Thanks for coming back to read my trading update and blog, Hope everyone had a great weekend and had time to relax. The CL Crude Oil Futures market started out very slow in the pit open. IT was very sideways overnight but it has decent volume.
I had a couple trades hit my stop loss to the downside until I seen the high prob trade to bullish side. I stayed patient until it was the correct time and as soon as it made its move I was taken with a limit order and it went directly to my target. This is why I always stress about the risk/reward factor in your trading.
My strategy has 1:3 risk/reward and that’s what kept me in the game this morning. I walk away with over 30 ticks and a decent start to my FTP with TopstepTrader. Hopefully the movement picks up tomorrow. Either way a good start with limited trades, I stuck to the plan and was rewarded.