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Thursday, May 7, 2015

BOOK TRADE CRUDE OIL 7/5/2015, THURSDAY



1) Shorted PDL BPB. Got 54 points.

Disclaimer: I am not a Research Analyst, registered with SEBI/MCX or any Exchange. I maintain this blog only for my own learning purpose and recording my thoughts on intraday activity of Market. I do not give any kind of trading advice to anyone. My methods will result in severe losses. Hence please do not follow me.

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10 comments:

  1. veerMay 8, 2015 at 6:32 AM

    Hi SK

    Good to see you practising crude oil. But when you trade in real time start with crude oil mini where the lot size is 10 only. Very volatile counter. So start with mini contract. In course of time you will realise it is better to trade crude oil than Nifty.

    Veer

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    Replies
    1. nifty for breadMay 8, 2015 at 7:50 AM

      Hi Veer,

      Only your inputs made me think about Crude oil. If and when I think of real trading, I will start with 1 lot mini contract.

      Who is your broker for commodities? Who offers the cheapest rates?

      Thanks,
      S.Karthikeyan

      Delete
  2. SuMaMay 8, 2015 at 8:38 AM

    Is the slippage in crude oil more than that in Nifty?
    Pz share other differences between two, if any.

    ReplyDelete
    Replies
    1. nifty for breadMay 8, 2015 at 8:54 AM

      Hi Sunil,

      I am doing only book trading. So no idea about slippage.

      I have started looking at crude oil for the last few days only. When I find some real significant difference, I would like to have a discussion abt them with all the friends.

      Thanks,
      S.Karthikeyan

      Delete
    2. UnknownMay 8, 2015 at 10:52 AM

      Hi,
      I also trade crude oil and Nifty. Crude Oill is more liquid than Nifty. 99% of the time, you don't face any slippage. Not even a tick.

      Delete
    3. nifty for breadMay 8, 2015 at 2:56 PM

      Hi Jagadeesh,

      Thanks for your comment. Can you please tell me abt the important events/announcements of crude oil, when we have to avoid trading?

      S.Karthikeyan

      Delete
    4. UnknownMay 8, 2015 at 5:13 PM

      Every Wednesday at 8:00 P.M, there will be an inventory report in U.S. You must close your positions before 7:55 P.M. As you are discretionary trader, you can know when the news based volatility is discounted in price. I personally don't look at the chart between 7 :45 and 8:05 just to control my anxiety of reading price action.
      And the remaining news events that can impact the volatility can be tracked http://www.forexfactory.com/ ..
      Make a habit of checking this website everyday and don't forget to change the date and time settings to our local before using it.
      Hope it helps.. :)

      Delete
    5. nifty for breadMay 8, 2015 at 6:33 PM

      Hi Jegadeesh,

      Thanks a lot for your detailed reply. It was highly helpful.

      S.Karthikeyan

      Delete
    6. UnknownMay 8, 2015 at 9:52 PM

      My pleasure...
      Happy trading.. :)

      Delete
  3. SuMaMay 8, 2015 at 10:47 PM

    Thanks Jagdeesh for the info. That was really helpful.

    ReplyDelete

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