Strategy: Follow the data release immediately (short if inventories increase, long if they decrease), with a stop-loss of $1.5 and a take-profit of $3.00. Example: On April 17, 2024, inventories decreased by 6.32 million barrels (expected -1.5 million), and the oil price rose from $82.5 to $85.8, resulting in a profit of $3.30/barrel. Key: An ECN account is required, and slippage is limited to $0.30.#SharingTradingMistakesAndGrowth#BrokerEvaluation
Strategy: Follow the data release immediately (short if inventories increase, long if they decrease), with a stop-loss of $1.5 and a take-profit of $3.00. Example: On April 17, 2024, inventories decreased by 6.32 million barrels (expected -1.5 million), and the oil price rose from $82.5 to $85.8, resulting in a profit of $3.30/barrel. Key: An ECN account is required, and slippage is limited to $0.30.#SharingTradingMistakesAndGrowth#BrokerEvaluation