Day Trading Strategy – Crude Oil

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Description

What makes Crude Oil futures attractive for me in terms of day trading is the fact that fear and greed are intensified in this market. That creates a ground for spikes, sell offs and many times a volatile, two sided type of trading range. I have also seen big moves happen in crude oil futures VERY FAST. Compare that to markets like mini SP 500 futures or T Bonds futures and you will see higher volatility on average. Maybe its the lack of patience I have noticed about myself at times that attracts me to this market but I like the fact that my day trades in crude oil don’t last long…I either get stopped out or hit my profit target, normally within 2-8 minutes. Sometimes faster than that. This may not be a fit for everyone and there are so many ways to day trade futures (subject for a whole book…), so one does need to first understand themselves in regards to trading, their time schedule, their risk capital, level of discipline etc. before trying to choose which markets to trade.

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Contract Specifications


Product Symbol CL

Contract Size 1,000 barrels

Price Quotation U.S. Dollars and Cents per barrel

Venue CME Globex, CME ClearPort, Open Outcry (New York)

CME Globex Hours (EST) Sunday – Friday 6:00 p.m. – 5:15 p.m. New York time/ET (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)

CME ClearPort Hours (EST) Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)

Open Outcry Hours (EST) Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)

Minimum Fluctuation $0.01 per barrel

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CFTC Rule 4.41

http://www.cftc.gov/tm/letters/01letters/tm01-60.htm

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.

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Contact: 1-855-800-1875
Email: Phil@LandsharkEducation.com

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