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got stung today and gave back all of my profits from this morning. Ended up down about 1k in the end... only about 1.2% so nothing to worry about and I've learnt some more valuable lessons. Time for a few beers.

Just logged in. Seems like you've got the r:r sorted now with no chance of ever suffering 20-30% drawdowns in a day. I sold the dow late last night and early this morning to make another 8k.

welcome to the thread. feel free to post.

Here's my screenshot for the end of week. Balance is now £82,708.71.

cheers banksie. I first learnt about derivatives etc at uni about 3-4 years ago. Didnt really take it seriously until about 18 months ago. Lost plenty of money in my first 6 months, went and demo traded for 10 months with good results eventually and now I'm back live trading and exceeding all...

shame everyone's leaving. I'll keep posting in the spirit of the 5-10% per day idea. I dont usually trade on friday afternoons as the volume and liquidity is off. Taken profits of about £11,500 since my cutoff point last night when I last posted my results. Balance at £82,489.

nice one blackjack. I think I hit 81k this morning which was nice! keep us updated from time to time.

Made a whole load more points on a Dow long overnight (40pt stop loss). Those speculative trades obviosuly arent as consistent winners (probably about 50/50 tbh) but the rewards always go way beyond the risk.

It is tricky and im constantly adapting and changing things to reflect changing conditions. I use the patterns but in the context of the ongoing trend. I take a gamble somewhat in assuming that the wave cycle will continue 4-5 times. The reward is good whilst if I get it wrong, I get stopped...

yeh it wasnt a great example going counter trend. doh. With regards to pivots I dont pay too much attention to historical pivots. I like to see the price action and make my mind up when it starts to move rather than trying to predict. I do trade some slightly longer timeframe trades that...

jeez, ive been away from my screen for only 40mins or so and dow is down to 75.. Anyway, I look at the overall levels, news etc to guage my long term (for me max 1 week) view. I then look to get on top of the small pullbacks when i see the momentum gone. When I see the candle shape I like...

glad it wasnt as bad as I thought. I thought you'd lost the entire account.. My best advice to anyone learning to trade (myself included) is to read everything. Absorb every book, website, forum you can. Then you decide which aspects you take on board. Then you make your trades based on that...

How bad is the loss in £? surely you've still got a fair bit left?

first rule of trading is to trade solely on your own analysis/reasoning. Never trade on what other people say as you will never have the same conviction.

That is the main point. The price is falling due to lack of demand, not speculative sells.

Scalped the shit out of the dow. 11 sells in the last hour for 5k profit. Crude is looking very bearish.

Another steady day after early losses. Total profit for the day of £2828.83. Balance up to £70,637.46.

+1. its bad if you find an IB sexy..

enjoy it, well earnt.

Cashed in my Dow short for another 950quid profit. Looks like this may not be the losing day..