Trying to Catch the Reversal in Crude Oil (/CL)
In tonight’s video, we discuss our Inventories Report trade in Crude Oil, where we were stopped out, before Crude continued in the same direction.
We talk about how we managed our emotions, and continued to look for opportunities elsewhere, this time in stocks.
We had 3 beautiful fades in AYX, LK and SFIX:
AYX: +2.5% gain in the underlying, over ~5 hours
LK: +1.8% gain in the underlying in 45 minutes
SFIX: +2% gain in the underlying in 30 minutes
Our stock trades helped us recoup our losses from Crude Oil, and then proceed to take profits out of the market and end the day on a winning note.