Welcome to my Futures day trading blog for Wednesday April 13th, 2016. Today is Crude Oil Inventory day, 7:30am PST the news will be released and it will get volatile. If you have been reading my blog for some time now you will know that these days can be difficult for me. This is another reason why I have adopted the one and done mentality.
In the overnight session crude was sideways and bearish, typically we can get some good volume and volatility at the pit open but on days like to day it can be very sluggish before the news. I anticipated a long at the pit open and had my limit order ready at 41.62 from there it moved quite quickly then ran out of power. I exited my trade at 41.74 for 12 ticks total on 2 lots.
That is all I need for a day like today, I’m extremely happy with my decision to stop trading only taking one trade, took some profits and walk away. I look forward to the rest of week and I’m thankful for the profits.