Traders Laboratory - View Single Post - Crude Oil March 20
View Single Post
  #14 (permalink)  
Old 03-27-2008, 08:40 PM
james_gsx's Avatar
james_gsx james_gsx is offline
james_gsx has no status.

Trader Specs
 
Join Date: Jun 2007
Location: Denver, Colorado
Posts: 691
Thanks: 49
Thanked 47 Times in 27 Posts
Blog Entries: 3
Send a message via AIM to james_gsx Send a message via Skype™ to james_gsx
Re: Crude Oil March 20

At first today looked like it would be a doji which worried me, but price moved higher and closed above the ambush zone. So that looks bullish to me and I'm leaving my other options open until $110. Still might see a pullback before then, but that's my target for these remaining calls.



One thing I do need to learn though is better risk management with options. I don't like buying naked calls all the time, and I would like to expand on that aspect of my business. Does anyone have any recommendations? I have read far too many options websites and they all say the same thing over and over, I guess I need more experience?
Attached Images
File Type: jpg cldaily march27.jpg (93.0 KB, 58 views)

Reply With Quote