Holding on for a week
I’ve been holding onto a contract of crude oil for the past week. In that time it has gone up a little and down a lot more, but it’s a position in my account.
This past week has thought a few things that I plan to incorporate into my trading going forward. I want to make this work and the only way it will is by following the rules and being disciplined.
The oil market is holding on and therefore my position has survived this long. I should not take this for granted and base future trading on this past week.
The plan is to see how it pans out in the overnight session tonight and make a decision to hold on for Monday or exit it quickly.