My Winning Crude Oil Inventory Session from Miami Beach
This weekly trade captures the essence of the BackPack Trader.
In the true spirit of the Backpack Trader, I traded from my hotel balcony today, overlooking the lively Espanola Way. Have laptop (and internet), will travel!
Trading my winning crude oil inventory session with one of the most dependable trading plans I have ever created or traded, from the balcony of my hotel in Miami Beach
This is my favorite session of the week and I try to never miss it, no matter where I trade from. While traveling, it’s just a matter of being ready to go on time.
It’s the epitomy of absolute freedom, to be able to go where ever I want, be where ever I want to be, and still trade for a few short minutes to ring the cash register.
Today my internet was a bit spotty so I went light, but still, a winner is a winner and this tradeplan continues to win, win, win, win, and win some more, for years and years.
You can find many more video examples of My Winning Crude Oil Inventory Sessions (a rare loser, too) on our YouTube Channel, Netpicks Trading Desk
Counter Punch Trader or Spotlight Power Trader, no matter, they both work great. CPT gets me done quicker so that’s what I like best.
See how I was able to quit one and done, hitting my objective with the very first trade. In just a matter of minutes, trading from a wonderful location, I was soon free to enjoy the rest of my day. That’s the whole point of the Backpack Trader.
To find out how you too, can become your own best version of the Backpack Trader, whether it’s from Miami Beach or the comfort of your own home, absolute freedom in other words, drop me a line at [email protected]. Learn how to take advantage of this amazingly consistent winning tradeplan.
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Comments
2 responses to “Winning Crude Oil Inventory Session, Miami Beach”
Hi Troy, in your experience how many contracts can you trade on RTY without running into bad slippage or unfilled limit orders? Any comment you can make related to that would be much appreciated.
Hi Peter,
Thanks for posting. I’ve never traded large enough to encounter serious problems getting filled so I would have to say I don’t know the answer to your question. How many contracts did you want to trade? I would encourage you to never risk more than 2% of your trading capital. With Spotlight Power Trader for example, the average losing trade is about $92 per share or 1.8 points. That means you basically need a $5000 account for one contract, $10,000 for two contracts, etc. With a $100,000 account, you could trade up to 20 contracts if you’re sticking to the formula, give or take. With the amount of volume trading on the RTY these days, I don’t think a 20 contract trade would be much of a problem. How many contracts were you thinking? You’re going to have to use some ‘on the job’ training and experiment a bit with larger positions until you figure it out. That would be true with any market. Hope that helps.