Shared by
JamesDover_BOWS
Oil was getting beat down, and needed to catch a bounce. Oil futures were bullish, and I entered this DWTI on a mini-bear flag for a nice little gain. Then I added more after scaling out and the next level began to crack... when all hell broke loose and an oil report came out.
Gave back all my profits and then some because of the bad fill price from the sudden move. My fault for not knowing the oil report was coming out when they gave everyone the heads up prior in the BOWS chat.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-08-03 09:54:07 | DWTI | sell | $126.010 | short |
| 2016-08-03 10:07:15 | DWTI | buy | $124.580 | short |
| 2016-08-03 10:15:20 | DWTI | sell | $123.920 | short |
| 2016-08-03 10:30:00 | DWTI | buy | $126.880 | 0 |
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