How I traded the Strait of Hormuz escalation on crude oil


https://preview.redd.it/tjqp5dexhzwg1.png?width=1794&format=png&auto=webp&s=774e63a42d19ae63cbd7b0fc3051f326b0666c4c

Think about waking up after resting from the US and Iran talks, and the very first thing you hear is that the conflict is escalating, as Trump ordered a shoot and kill determination in opposition to anybody inserting mines within the waters of the Strait of Hormuz (which is not directly geared toward Iran).

With that, I noticed a possibility and went straight to commodities to lengthy crude oil as a result of that’s bullish information. I picked $CL and determined to enter round market value on CFD as a result of it was already reacting to the information and shifting aggressively up, and I set my TP round 100.450.

Now this isn’t the primary time I’ve traded information and been in revenue, just for the market to vary route alongside the way in which. That’s the actual problem with information buying and selling.

My considering on this setup is easy: geopolitical escalation is supporting upside in oil, however the threat is all the time a sudden headline reversal, which might flip momentum quick. That’s the reason execution issues as a lot as the concept.

For merchants amongst us which have been doing this for some time, how do you handle exits on information trades and nonetheless lock in revenue constantly? That’s the half I’m all the time trying to enhance.

submitted by /u/Haunting_Tax_5991
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