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20161019 CL after Inventory Draw-down at 10:30 AM EST News Release

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CL After Inventory Draw-down at 10:30 AM EST News Release

CL After Inventory Draw-down at 10:30 AM EST News Release

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Unexpected Huge Drawdown caused a large spike in Oil today, BUT, when was this news actually Trade-able?? The first arrow long drawn in was what I consider to be a "reasonable" amount of time and price movement after news has been released and the market clearly knows what it wants to do. If you are laser focused and have an excellent execution DOM and are ready to pull the trigger on CL, you could have caught the longs earlier and in this case would have been OK, however, how many times is this NOT the case????

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CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

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John Karnas has been trading since the tech bubble days of 2000. Now, as owner of TrendFollowingTrades.com, John tries to lay out a clear path to success, taking into account all of the mistakes that he made during his career in his early days of Trading. Click to learn more about John.