5% - 10% profit per day trading

[booking]

spanish have you considered that maybe the oil price action is now returning to "normal"?

The last 2 months have seen the most remarkable price moves that to be honest any numpty could have made money out of.

Now we're back to the usual indecisiveness and "technical" markets where it's much harder to predict the movements.

If you want to survive, you have to learn to make money in times like now.

 

[chipmunk]

Spanish..you were never trading . That's your problem. You was gambling and got lucky. and now it's payback.

I doubt you'll get ajob as a trader. What's your record? You blew up. Anyone can do that. good luck.

 

[ivantchourilov]

guys get over yourselves. just because the guy has no idea about risk management does not mean that you should mock him when he has suffered a massive drawdown. winning in the markets is hard as is, and i think its harder to win in markets that are irrational, like oil over the last 2 months.

ive given him a lot of shit on t2w due to risk management. however, he has been winning. thats what counts. remember, it doesnt matter how you win, as long as you win. im sure a lot of my lecturers would disprove as to how i trade. im sure most of my lecturers would also get killed last night trading oil. give spanish a little respect, just for him being human. people screw up. i wouldnt laugh at you if you were losing. its just not cool. forums are for support, not releasing your personal frustrations.

 

[chipmunk]

Whos getting on him?

I am pointing out what was obvious from the first post. He was gambling and it would end this way. Simple as that.

Now...if he wants to get serious he has to go back to the drawing board and start again. Start with low risk.

Why would a trading firm take him on? What can he offer them?

"take huge risks and lose it all..." Anyone can do that.

 

[Joab]

I read the first post of this thread and laughed a little at how naive OP was and wished him well, even though I've seen this story 1000 x in my 25 years in the biz.

I knew it was just a matter of time.

I skipped to the last page of the thread to read he blew up

That was quicker then I thought !

Why do so many people think that trading can be consistent with such little experience?

The very first thing you need to do in this career is establish REALISTIC expectations.

3-5 years if your lucky and we have a decent market and 5-8 years if your not so lucky.

Hang in OP you only have another 2-4 years of learning left.

I hope you have a deep bank account to get you to your goals.

 

[porph]

He didnt exactly 'blow up'. Yeh he has had a bad drawdown but he is still well up in terms of PnL. I hope you are more thorough in your trading than when reading threads

 

[ivantchourilov]

lmao...

 

[Joab]

Quote from porph:

He didnt exactly 'blow up'. Yeh he has had a bad drawdown but he is still well up in terms of PnL. I hope you are more thorough in your trading than when reading threads

I hope you are !

I was clear when I said I skipped to the end

It's just a matter of time.

I do not know a single "trader" 10 years in the biz or longer that did not blow up at least a few times.

Personally, I think I am at 5 times and I have learned to never say never in this biz and always respect the markets.

The good news is once you make a boat load of money once, you have the framework to do it again easily enough.

 

[choc13]

Quote from spanish89:

recruitment@infinitycm.co.uk

Im looking at them, but would me just showing them my 6weeks record of going from £750 to £5,500 at £1 tick with 12ticks spread be enough?? :/
I dont have any qualifications apart from vocational stuff at college, and running my own business.


Sounds pretty feeble in some ways, but i not only need decent capital to trade with, but more need access to proper instant oil news streams!!

Infinity will never ever ever take you based on 6 weeks of trading. The 'woking firm' won't care much for your academics, but you will need to do a math test and english comprehension test to make it through the first round, and they won't let you trade oil for a few years at least.

Unless you are making huge returns you can't come and go as you please, some firms let you trade more or less how you want, so long as you're making money and not taking stupid risks.

 

[porph]

Quote from Joab:

I hope you are !

I was clear when I said I skipped to the end

It's just a matter of time.

I do not know a single "trader" 10 years in the biz or longer that did not blow up at least a few times.

Personally, I think I am at 5 times and I have learned to never say never in this biz and always respect the markets.

The good news is once you make a boat load of money once, you have the framework to do it again easily enough.

I was fully aware of that. My point being that the guy is still well up (200%).