Crude Oil (CL) on Tradeify

Trading Crude Oil (CL) at Tradeify offers excellent opportunities for day traders, with up to 5 contracts allowed and $10 per tick movement providing substantial profit potential. The firm's trailing intraday drawdown system and overnight position closure requirement make it well-suited for active CL scalping and swing trading within daily sessions.

Position sizing for CL at Tradeify requires careful consideration of the trailing intraday drawdown limits, which adjust upward with your account's peak balance throughout the day. Since CL moves in $10 increments per tick and can easily swing 50-100 ticks during volatile sessions, conservative position sizing is essential to avoid hitting drawdown limits during normal market fluctuations.

On Tradeify's $50,000 account, you'll want to limit risk per trade to around $200-300 maximum, allowing for 2-3 tick buffer beyond your intended stop loss. This typically means trading 1-2 CL contracts with 20-30 tick stops, giving you room to weather temporary adverse moves without triggering the trailing drawdown. The $100,000 and $150,000 accounts provide proportionally more breathing room, allowing for slightly larger position sizes or wider stops.

The trailing intraday drawdown creates a unique dynamic with CL's volatility. As your account reaches new intraday highs, the drawdown floor rises, which can actually work in your favor during profitable trading sessions. However, this means you need to be particularly cautious after winning trades, as your allowable drawdown doesn't increase proportionally with temporary unrealized gains.

Practical tips for CL trading at Tradeify include focusing on key support/resistance levels during the 8:00 AM CT inventory reports and afternoon energy complex moves. Since overnight positions aren't allowed, you'll need to close all CL positions before the daily settlement, making this ideal for traders who prefer defined daily sessions. Use the 5-contract maximum strategically – consider scaling into positions rather than going full size immediately, and always account for CL's tendency to gap and create rapid directional moves that can quickly impact your trailing drawdown limits.

On a $50,000 Tradeify account with trailing intraday drawdown, trading 1 CL contract with a 20-tick stop risks $200 (20 ticks × $10). This conservative sizing leaves room for market volatility while protecting against drawdown violations during CL's typical 50-100 tick daily ranges.