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	Comments on: Crude Downside Target Hit, Bounce Trade Opportunity	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/crude-downside-target-hit-bounce-trade-opportunity/#comment-7606</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Tue, 17 Sep 2019 16:31:52 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/crude-downside-target-hit-bounce-trade-opportunity/#comment-7605&quot;&gt;nostaticatall&lt;/a&gt;.

Target hit. I should have added that one could also just trail up a tight stop once /CL approached that 60.10 minor resistance level &amp; let the trade ride up to as high as that more significant resistance level around 61.50 but either way, a quick 2.25% gain to even just that 60.06 target from the 58.79 support which is good for about $1,300 per /CL contract.

Congrats to those that caught it, especially if this was your first official day trade (in &amp; out the same day). Essentially, day trading is just like swing trading but targeting smaller percentage gains (and loss allowances) while using larger position sizes as day trades don&#039;t have overnight risk as swing trades do (i.e.- no risk of a large opening gap against your position).

https://www.screencast.com/t/KYGpA5ITP

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			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/crude-downside-target-hit-bounce-trade-opportunity/#comment-7605">nostaticatall</a>.</p>
<p>Target hit. I should have added that one could also just trail up a tight stop once /CL approached that 60.10 minor resistance level &#038; let the trade ride up to as high as that more significant resistance level around 61.50 but either way, a quick 2.25% gain to even just that 60.06 target from the 58.79 support which is good for about $1,300 per /CL contract.</p>
<p>Congrats to those that caught it, especially if this was your first official day trade (in &#038; out the same day). Essentially, day trading is just like swing trading but targeting smaller percentage gains (and loss allowances) while using larger position sizes as day trades don&#8217;t have overnight risk as swing trades do (i.e.- no risk of a large opening gap against your position).</p>
<p><a href="https://www.screencast.com/t/KYGpA5ITP" rel="nofollow ugc">https://www.screencast.com/t/KYGpA5ITP</a></p>
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		<title>
		By: nostaticatall		</title>
		<link>https://rightsideofthechart.com/crude-downside-target-hit-bounce-trade-opportunity/#comment-7605</link>

		<dc:creator><![CDATA[nostaticatall]]></dc:creator>
		<pubDate>Tue, 17 Sep 2019 16:07:11 +0000</pubDate>
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					<description><![CDATA[Worked out, I&#039;m out. Thanks.]]></description>
			<content:encoded><![CDATA[<p>Worked out, I&#8217;m out. Thanks.</p>
]]></content:encoded>
		
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		<title>
		By: surerefund		</title>
		<link>https://rightsideofthechart.com/crude-downside-target-hit-bounce-trade-opportunity/#comment-7604</link>

		<dc:creator><![CDATA[surerefund]]></dc:creator>
		<pubDate>Tue, 17 Sep 2019 15:48:36 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=193003#comment-7604</guid>

					<description><![CDATA[Thanks. I added a full position of USO as soon as I saw this.]]></description>
			<content:encoded><![CDATA[<p>Thanks. I added a full position of USO as soon as I saw this.</p>
]]></content:encoded>
		
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		<title>
		By: mjoyner		</title>
		<link>https://rightsideofthechart.com/crude-downside-target-hit-bounce-trade-opportunity/#comment-7602</link>

		<dc:creator><![CDATA[mjoyner]]></dc:creator>
		<pubDate>Tue, 17 Sep 2019 15:23:05 +0000</pubDate>
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					<description><![CDATA[&lt;a href=&#039;https://rightsideofthechart.com/members/randy/&#039;&gt;@randy&lt;/a&gt;, nice! That&#039;s hot.]]></description>
			<content:encoded><![CDATA[<p><a href='https://rightsideofthechart.com/members/randy/'>@randy</a>, nice! That&#8217;s hot.</p>
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