Stock Trading and Other Things

Day Trading Oil Futures - Any Strategy Tips For Trading Oil?

Public Comments

1. Don't, unless you can afford to lose a lot of money.

2. Buy. Wait for it to go up. Sell. Have plenty of capital in your account.

3. Trade on Wednesdays as that's when the report comes out then. Expect some good price action with a strategy to go short. Given the current price levels and upward opportunity, I see reason for value investors who want to enter the market for the long term.

4. - Since it's a very volatile market, make sure you're covered well. 10 times coverage is good for intraday trading.
- Don't leave the screan.
- Becarefull of wedensdays, sometimes it's tricky.
- Don't ever go against the trend direction.
- Follow the news and all kinds of different reports on daily bases, sometimes manufacturing reports have more effect than Wedensday's oil inventories reports.
- If you're sure you're trading the right direction, keep on adjusting your average the more it goes against you.
- Know the trading period you're in (European, American, Asian)!!