Jumped into crude oil futures this morning, trying to catch a reversal. I think using a stop loss is essential, even thought on this trade, it knocked me out and then started to reverse. There is nothing like that feeling of having everything in place, to then be taken out by a few points, especially when it continues to do what you thought it would do. In the past, I played with entering trades without a stop loss, and that “can” turn on me very quickly. I’ve said it before, better safe than sorry.
