WENT LONG IN CRUDE (speculative trade after months)

i seriously didnot think twice before going long in crude tonight. i just saw this..

2017-10-04 23_27_24-United States Crude Oil Inventories

and i lost my mind..

In my 1 year experience ..i have never seen SO MUCH difference in the actual and forecast.. just went long half.. and then kept adding when price kept going down..

average price of  3314 on my longs. Will exit if it goes below 3270-65 range. I wont mind if this is a losing trade but i HAD to get in this one ..and i say this with  no shame… i would have regretted it.

2017-10-04 23_25_57-Orderbook _ Kite
just kept adding at lower prices

No regrets if this one is a loser. Its just a thing i wanted to do.. but anyways just for the sake of it ill see the charts and analyze .

2017-10-04 23_34_43-USOIL_ 50.05 ▼−0.22% - Unnamed - TradingView.png

So price did bounce from the lower trendline it seems. Also 50 is acting like a very strong support. Lets see..

My only worry in this trade is crude falling WAY LOWER on tomorrows market open..then i ll have to exit with a considerable loss.. iam talking about -50 range from entry price.. that will give a considerable loss.. else the risk is managed and ill lose the same sum i risk for any other trade.

 

ps: IT WAS FUN SEEING ALL THE INVESTING.COM COMMENTS..SO MANY PEOPLE ..SO MANY PERSPECTIVES..I WAS LITERALLY READING THEM FOR 30 MINUTES.. made me fall in love of trading all over again ❤

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