Honestly, how do the trading gods expect you to make money with a 58 tick range. I know I know, trade the levels....so what...these narrow ranges make it difficult to think about any decent winners.
Therefore, until this thing really opens up, my plan is to take about 10% of the 3 day average daily range and call it quits for the day.
And that is what I did today. 10% of the 3 day daily range. 8 freaking ticks. Now trust me, that's better than losing and with a bit of size, that can still add up to a decent dollar figure each day. But its frustrating to have crude trading in such narrow ranges.
I do have this one trade sitting there. At first it was a bit more size but I took that off and put a single lot on.....why? because I am taking off and gonna just leave it sitting there.
Did I mention I had like ten losers in a row....yeah that felt good!!!