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Day Trading with Heating Oil Futures & Trailing Trades

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We get asked quite frequently what are some of the better markets to trail a trade.  What is trailing?  Rather than exiting at a preset fixed target you instead attempt to try and let the trade explode to the upside or implode to the downside.

This trailing can cause you to catch some home run moves.  Of course most trades do not have that type of momentum, but when you catch one the increase in profits can be substantial.  Here’s a trade we just took yesterday (3/19/13) on Heating Oil Futures.  See the difference in the results between a fixed target and trailing?  The move broke down and that was perfect since we were short:

Heating Oil Futures Trailing Trade

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