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  1. I

    5% - 10% profit per day trading

    at IB also the margin is around 600 to 800 per contract once you enter spread , if you look at your porifolio IB records are 1 long and 1 short usual month contracts but margin it keep the above range .
  2. I

    5% - 10% profit per day trading

    at IB here is how it works - there is no specific code for spread , details are at this link below - say you entered spread at $1.20 , so spread is 1 contract long and 1 short , say it go to $1.30 then the profit is $100 ( similar to crude contract rise from 40.50 to 40.60 )...
  3. I

    5% - 10% profit per day trading

    type read as short 41.90 , cover 41.40
  4. I

    5% - 10% profit per day trading

    Way to go Usman , glad to hear that contracts I know you will make it as you approach is very systematic since I did not take any buys around 40 , did a short at 40.90 and closed now at 40.40
  5. I

    5% - 10% profit per day trading

    I think what you bought is May-June calender spread when checked the price it shows around $1 April-May calender spread is trading at $1.20 . I feel this will rise faster than May-June because in 2 weeks from now (after March 20) this April contract become 'current active one' , if...
  6. I

    5% - 10% profit per day trading

    http://biz.yahoo.com/ap/090303/oil_prices.html The 13-member cartel plans to meet on March 15 and may add to 4.2 million barrels a day of output cuts announced since September. Without providing specifics, Iran's official news agency said Tuesday that the country's oil minister would...
  7. I

    5% - 10% profit per day trading

    http://money.cnn.com/2009/03/02/markets/oil/index.htm Sliding prices since last summer prompted OPEC to set a goal of taking 4.2 million barrels per day off the market since September. According to a Reuters survey of oil firms, OPEC met about 81% of its pledge to cut production by...
  8. I

    5% - 10% profit per day trading

    @useman do you think there will be OPEC cut , even after IRAN statement
  9. I

    5% - 10% profit per day trading

    shorts closed at 41.77 , I call it a day. It's great ride , i missed some part of recent bull ride that is all covered now .
  10. I

    5% - 10% profit per day trading

    I came across this premium new letter for energy sector . It is priced at $875/month ( 5 people can receive report ) and it is daily report . Based on it references ( mentioned in bloomberg , wall street journal etc.. ) it seems authentic. Especially I liked the report card at the end of...
  11. I

    5% - 10% profit per day trading

    http://news.xinhuanet.com/english/2009-03/01/content_10924126.htm Iran's oil minister sees no OPEC output cut in March TEHRAN, March 1 (Xinhua) -- Iran's Oil Minister Gholam-Hossein Nozari said that the Organization of Petroleum Exporting Countries(OPEC) would not cut its output in...
  12. I

    5% - 10% profit per day trading

    from my bullish view post on oil last week 2 things changed in a big way resulted me to reverse my position 1) OEPC cut in doubt 2) S&P dropped 50 point from mid of last week
  13. I

    5% - 10% profit per day trading

    OPEC 3/15 production cut in doubt now combined with US job loss data (coming ) and manufacturing data will make oil see 42 level I got my short at 44.15 , it seems no more 44 level for any further shorting ..
  14. I

    5% - 10% profit per day trading

    http://www.bloomberg.com/apps/news?pid=20601087&sid=ag0zqWPfbaVM&refer=home - OPEC gave conflicting signals on their intentions to further cut on 3/15 - Net Long positions fell by 16,267 contracts, or 36 percent, from a week earlier. 1) Officials from the Organization of Petroleum...
  15. I

    5% - 10% profit per day trading

    http://www.bloomberg.com/apps/news?pid=20601087&sid=ag0zqWPfbaVM&refer=home U.S. employers may have cut payrolls by 650,000, the most since 1949, and the jobless rate probably surged to 7.9 percent, according to the median estimates in a Bloomberg News survey ahead of Labor Department figures...
  16. I

    5% - 10% profit per day trading

    the spread trades I did so far are flat to little loss. I am learning better with the timing to enter trade. good part is even when it is loss it is very small not like outright positions. I think the chances of profit in the above mentioned are good , I need to be patient for few days and...
  17. I

    5% - 10% profit per day trading

    entered new spread MAY/APR long/short at price $2.15 expecting this spread come back to normal this morning price that is $2.40 by monday/tuesday
  18. I

    5% - 10% profit per day trading

    my next few week take is bulllish on oil as I posted in couple of posts. but for next few hours , it is hard to keep this 44.50 level
  19. I

    5% - 10% profit per day trading

    @spanish can you send PM about the news service you are using, we discussed about this news service some time ago .. thanks
  20. I

    5% - 10% profit per day trading

    today oil can pull down to 42.0 or even down due to DOW , S&P , it is the oil buy day that level then forget for 2 weeks for 48-50 level
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