Russell follow up Oil long
11.17.23 This video is a follow-up on the Russell which hit a target and you would have made a thousand bucks or so. It was a high probability trade to go lower which is good if you are shorting... but it had a low reward... which translates into not the greatest of risk reward trades. Life is much easier for a trader.....If she can Pull out a couple of high reward trades. If you think you have a high probability trade regarding the direction the markets likely to move but your concern is that the market's going to run into buyers and you're a seller... you can make money but you have to work harder. Russell hit the target but if you hadn't taken profits you would have given it all back in a very short period of time. On the other hand yesterday would have been a great short trade in oil with a high probability that it would go lower and a reward that almost definitely was going to be above $2,000.... it is an entirely different experience to trade setups like the Russell then taking trades in oil. The probability is that oil will go higher because it is at support and that it will trade two to three points higher and maybe more to give you a very good reward.
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