The #1 Way to Protect Your Trading Account from Catastrophic Losses

The #1 Way to Protect Your Trading Account from Catastrophic Losses

Dear Trader, I hope everyone is having a great week so far and the volatility is treating you well.   Traders with disciplined, consistent trade plans and habits often find times of volatility to be the most exciting and profitable times in the market.   But they can also be the most frustrating.   A lot is happening and it's happening fast.  Be sure to stick to your trade plan! In this issue of the Big Energy Profits newsletter we'll dive into: The #1 Way to Protect Your Trading Account from Catastrophic Losses How the Unexpected Lockdowns in Europe Will Impact the Oil Markets The #1 Decision You Can Make as a Trader to Virtually Guarantee Your Success Please enjoy, and have a blessed week! 9 Qualities of a Good Trader Quality #8: Financial Backup "A part of all you earn is always yours to keep" -The Richest Man in Babylon, George S. Clason,  The market has infinite variables you'll need to prepare for. On top of that, you'll need to prepare for the unexpected events that life will throw at you. That's why financial backup as a day trader is a must. It may even be the crucial difference between your success or failure. Your account will require constant capital in order to generate profits. And you'll also need constant capital in reserves to protect yourself from catastrophe. Click here to discover why having financial backup is so critical for trading success… as well as some tips for getting your financial backup plan in order! Crude News Oil prices extended their 5-percent slump from Wednesday into Thursday morning, plunging by another 5 percent, with WTI Crude sliding to as low as $35 a barrel, as major economies in Europe renewed lockdowns to fight the second wave of the coronavirus.  Prices began to stabilize and recover during midday trading. The sell-off in oil intensified this week with market sentiment souring by the day since the American Petroleum Institute (API) reported on Tuesday a bigger build than expected in crude oil inventories of 4.577 million barrels for the week ending October 23.  The build was confirmed on Wednesday by the EIA, and oil prices dived 5 percent on concerns about oil demand with surging COVID-19 cases.  Brent prices had already slid below the $40 a barrel mark on Wednesday, and on Thursday, the rout extended with Brent prices slipping to $36—the lowest level since the middle of May. Oil market participants are concerned that the return of lockdowns in Europe will significantly weigh on economic recovery and fuel demand.  Two of the largest economies in Europe, Germany, and France, announced lockdowns, which the market was not expecting two or three weeks ago.  Industry professionals and executives did not believe that countries would resort again to nationwide lockdowns. Yet, France did, and as of Friday, people will be allowed to go out only for shopping for essential items, for medical reasons, or for an hour-long exercise.  The measure will last until the end of November as per French President Emmanuel Macron. Germany, the biggest economy in Europe, is also restoring a modified form of a lockdown, although a partial one, for the month of November, restricting social gatherings and closing bars and restaurants except for takeaway service. Both crude benchmarks "slumped to the bottom of their respective ranges with surging virus cases in Europe and the U.S. as well as a bigger-than-expected jump in U.S. crude stockpiles taking its toll on the market. Adding to this an ongoing production surge from Libya, the market is likely to trade defensively ahead of Tuesday's major risk event. Want to learn how you can get access to my members-only daily, weekly and monthly energy sector analyses, trade ideas and managed trade alerts? Click right here to view a free training video! You're One Decision Away From a Different Life One choice can make all the difference... Just one. You can choose to make moves, or make excuses. You can choose to binge-watch a TV series or learn something new. And you can choose to make the most out of your life… or waste it. Because right now? You're one decision away from a totally different life… Just one. Because Hawkeye makes it easy to get on the right path. It's a simple methodology showing you how to trade and profit from any financial market in the world. Want to change your situation? Don't wait until you "feel like it" (because you never will). To get started as a trader - click here. Again... you're one decision away. Monthly Analysis  Upside, a daily settlement above the mid $41.00 price area would likely indicate the $49.00 price area within several weeks, where the broader market can top out well into next year. Downside, the mid $41.00 price area can contain buying through November, below which the mid $34.00 price area remains a nearterm downside objective which is likely able to contain selling through the balance of the year.  Yearly Cycle Analysis  The 10 year cycle makes a major high on November 11th and then makes a double bottom on November 17th and 23rd before rallying strongly. The 20 year cycle makes a low on November 3rd, rallies into November 18th then heads sideways before selling off. The 30 year cycle makes a double top on November 1st and 8th then sells off into November 20th before rallying into November 28th. Anthony Speciale Jr Editor & Chief Investment Strategist, Big Energy Profits Hawkeye Traders team1@hawkeyetraders.com hawkeyetraders.com Call us: (888) 233-8598 DISCLAIMER: * Futures, stocks, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, stocks, and forex markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, stocks or forex. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. Past performance of indicators or methodology are not necessarily indicative of future results. CFTC Regulation 4.41 These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to these being shown. We'll always treat your personal information with the utmost care and will never sell it to third parties. You can find out more about what data we hold about you, why we need it, and how we keep that information safe in our Privacy Policy.

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