Click on chart for a larger image of the Crude Oil (CL) trade.Here is an example of attempting a trade 3 times, and not winning. The 4th time the market rolled over allowing for a very nice gain on the trading day.
By the way, this is taking the assumption that you are trading multiple contracts here. If you were trading one contract you would have sustained a loss on the trading day, albeit a small one, but still a loss on the trading day.
Good Trading,
David "Tiger" Knight
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