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Henrique Simoes
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  • It Will Be An Easy Trading Day 0 comments
    May 26, 2009 5:51 AM | about stocks: SPY, OIL, USO, DBO

    Well, well, well. Futures are underwater and I hear the sound of cash ringing.

    It will be a very easy trading session because if I want to I can close all my positions and end the month prematurely, unexpectedly early. It will be a very good month, although as I told you, it did not begin so well. But patience paid and I am never impatient with my trading positions when I know I am right.

    But these positions still have plenty of room on the downside, so the smart move is to close half and let the remaining part do the work. We can go to 850 in the S&P`s pretty soon and maybe 57 USD in the Crude Oil Futures.

    And now, I will give the best trading advice you can ever get. When you close a good trade with a big profit, withdraw half of the money from your trading account to your bank. That is your insurance. If something goes wrong with any position you will have some more bullets to play in the future.

    Oil Trader`s Blog is a website for active online futures and stock traders. I will provide my real time trading decisions and my market thoughts on this webpage. Trading is not as hard as some think and definitely not as easy as some wanted it to be.

    Stocks: SPY, OIL, USO, DBO
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