Extra Nimble Feet Needed, from Craig Mee

March 11, 2011 |

Got to love it when you are 3 bucks in the money short crude, as you wake in the early hours checking the pocket watch.

Here is my thought process as a holder and trend follower:

"Ok, 3 bucks daily ranges doesn't usually extend too much more than that on a day."

"Though this could be a reversal, may push, to a 96 target next week."

"Equity holding weak, so pressure may hold"

But, I'll roll out, and watch it for a bit to protect account p and l.

Boom. Go to laptop. Scratch trade. 270 point swing in 15-20 minutes

"Gee, that was lucky for me. Guess the market as always makes the right decision for me and is a step ahead of me!"

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