5% - 10% profit per day trading

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Quote from spanish89:

Had a look at oil today...

Gustav is getting even nearer to the oil, and oil drops over $4s!! :confused: :eek: :confused:

Does anyone else actually understand what on earth is going on??

And why oil would crash lower in price, the closer the danger to the oil gets??? :confused: :eek: :confused:
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It's the evil speculators. $5 up. $5 down. That has little or no impact on supply and demand. These intraday swings are just speculation. It's not anything to do with fundamentals. Why would a daytrader be worried about fundamentals? All the information you need is in the chart.
 
Quote from euclid:

It's the evil speculators. $5 up. $5 down. That has little or no impact on supply and demand. These intraday swings are just speculation. It's not anything to do with fundamentals. Why would a daytrader be worried about fundamentals? All the information you need is in the chart.
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I only like to trade in the direction of the fundamentals though because in oil when the big moves happen they happen withing a few seconds...

And so for all the years the oil was rising, anyone who was on the selling end would have had a trade go into a loss, and that trade would have never gone back into profit.

But all the people who were buying, they could have even let oil slide $5-10s against them if they wanted to at anytime even, because in the end they knew that the price was rising, and it was gna go up alot higher, so all they had to do was wait cos they were on the right side.


And so thats why i only like so sell il now. :)


I wish so much i had just left those 3sell trades i made around the 114 area back last week...,
if id had the capital i could have put my stoplosses at $135/140 area to be extra extra safe, and then just sat back and made over £1,000 in the week.

Instead of doing more conventional trading, and losing over £1200!! :(
 
sorry spanish got request through from shadowninja was too busy (and more sober) at the time so asked him not give you my number happy enough to do that tomorrow afternoon though perhaps.
 
Phew that fuking hurricane is now over!! lol

I didn't wakeup till afternoon today because i foundout i didn't need to go my flat cos no funiture arriving today,
and made 3 quick trades selling oil over 5minutes for £38 profit,
but the 12ticks spread per trade really kicking in today.. lol

But £38 not bad for a few mins work.

And tomorrow i can get my standard regular wednesay £100+ almost 100% guarantee by simply just trading the inventory number as soon as it hits at £2/£3 per tick.


How everyone else done today though??
 
Quote from spanish89:




How everyone else done today though??
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Usual.
Screenshot looks a bit more complicated than my usual posts in this thread. My broker uses different symbols on the chart depending on the type of order. The green circle is when the trade hits your pre-determined profit target. The squares ar to do with the changing and cancelling of stops/limits.

Basically, I went long and covered for about 30 pips profit
Then short and covered for 40 pips profit
Then tried a short again which I took a 3 pip loss on.

So about 67 pips for the day.

Look forward to seeing your results with the oil, tomorrow....
 

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