5% - 10% profit per day trading

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but its jan that expires not feb, i dont have that on my accounts if you buy the jan futures now it will expire at 9.15 and if your in a loss then i sure you will have to take it they wont roll it or if they do they might charge you the difference to move it onto the feb contract, really not sure it is that easy to make a profit? tell me if i am getting it wrong
 
Quote from pocrel:

but its jan that expires not feb, i dont have that on my accounts if you buy the jan futures now it will expire at 9.15 and if your in a loss then i sure you will have to take it they wont roll it or if they do they might charge you the difference to move it onto the feb contract, really not sure it is that easy to make a profit? tell me if i am getting it wrong
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the jan contract can be held till tomorrow evening though.
 
true, so you think there is a discrepency in the contracts that needs to be closed before the contract expires? so long them jan contract and short the feb?
 
i dont get if its me whos misunderstood what could be done, or most other traders are idiots... lol


Bascially before and still while having traidng as my main career im a business man.

So i buy and see pyshical goods and services.


If i saw an offer on saying 'Armani jeans, buy them for £20 today only, but from tomorrow we are moving price back up to £30'...

I would go and buy them that day for £20.
Then would come back the next day and sell them myself at the going price that wuld be £30.



if more people heard aboyt this offer for £20 that day, 30 next they would also all rush out and be buying loads, since they knew they could make guaranteed profit the next day.



But so in trading, where no matter how fancily you make it look and all charts and stuff you still are just buying and selling barrels of oil.


And so there was oil being offered for $36 today, with the price that you can sell at tomorrow being $42.


So arent all traders just being complete thickos by not buying thousands of barrels today at £36, and then tomorrow selling all those barrels tomorrow for $42??? :confused: :confused: :eek: :eek:
 
K well cos i didnt take the trade yesterday when it hit my target of 43.92 and take my £1000 and end the year there,

i took the hit today and took a loss of £3,345!! :mad: :( :(

(£12 tick)


Sounds very very bad, and im am very sad about how bad luck i had this week...,
But i took the hit at $39.60, and after that its crashed to the low 36s.


And so if id take the trade as it hit target id have had £11,622 profit for the month.

However after this loss im left with only £7,277. :/


May be a big loss, but im still extremely pleased with that as i started the month with under £4,000, that i coudn't afford to lose.
So im not gna get too upset about making Over 7k profit form that, even after lal the bad luck + missed thousands that ive been having on a daily basis. lol



I think from next month i will just end my trading after the 3rd week of the contract month!! :)

Since for the last 3months the only losses / losing days in the whole month have been in the final week of the contract month! :mad:



Ive taken out £1,500 more so that will cover my rent for nearly 2months.
So i now dont have to worry about money till the beginning of march! :)


And will start the new year from £9,006 capital.

End of year target is to have generated £89,000 profit. :)



May sound very high, but im ive counted and im ending this year (5months of fulltime trading for living with having generated and kept a total of £26,589 profit from £759. :)

And that was when i was still learning for the 1st few months while having to keep withdrawing 2k+ per month every month,
and was traidng at just £1 per tick for 1st 3month!! lol



So now that im gna try and stabalise at just £6 t £8 tick (cutting down from my £12 t £13 tick trades). :)
 
Quote from spanish89:

K well cos i didnt take the trade yesterday when it hit my target of 43.92 and take my £1000 and end the year there,

i took the hit today and took a loss of £3,345!! :mad: :( :(

(£12 tick)


Sounds very very bad, and im am very sad about how bad luck i had this week...,
But i took the hit at $39.60, and after that its crashed to the low 36s.


And so if id take the trade as it hit target id have had £11,622 profit for the month.

However after this loss im left with only £7,277. :/


May be a big loss, but im still extremely pleased with that as i started the month with under £4,000, that i coudn't afford to lose.
So im not gna get too upset about making Over 7k profit form that, even after lal the bad luck + missed thousands that ive been having on a daily basis. lol



I think from next month i will just end my trading after the 3rd week of the contract month!! :)

Since for the last 3months the only losses / losing days in the whole month have been in the final week of the contract month! :mad:



Ive taken out £1,500 more so that will cover my rent for nearly 2months.
So i now dont have to worry about money till the beginning of march! :)


And will start the new year from £9,006 capital.

End of year target is to have generated £89,000 profit. :)



May sound very high, but im ive counted and im ending this year (5months of fulltime trading for living with having generated and kept a total of £26,589 profit from £759. :)

And that was when i was still learning for the 1st few months while having to keep withdrawing 2k+ per month every month,
and was traidng at just £1 per tick for 1st 3month!! lol



So now that im gna try and stabalise at just £6 t £8 tick (cutting down from my £12 t £13 tick trades). :)
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I'm impressed. Nice trading!
 
Thanks to both the above posts.. :)

I hope you both have had a nice trading time this week?? :)



And it is extremely hard to not let stuff like this knock your self-confidence down and make you start doubting yourself and so getting to scared to take trades / taking losses when you shouldn't.


But i now try looking at it in this way-

I haven't LOST any money, ive simply SPENT £3,345 to purchase the experience that ive gained from this. :)


May be alot to spend, but that experience of:

*Always double-checking what account im signed in as!

*And even when there are big spikes because of the news to not hold out past a vertical spike of $1.16s straight,
even if the news is opec has cut 10million barrels i cant give a fuck,
all i care about is taking off as much of the bottom 2/6s and top 2/6s as possible. And trade should be over and done within 15mins max normally.



Over the following weeks and months of this year, and hopefully all the following years, that expereicne will save me from losing 10,000thousands quid, and so making that instead... :)

So this 3.5k price will just be factional in %s terms of what it could be worth over my entire traidng career. :)
 
+ like i said earlier in reply to someone from t2w who kept banging on about that there would be 1trade that i would leave a gianst stoploss on for and it would never come back and blowup my account... :D :p :cool:

Well this was my only 1 losing day of the whole month, and so the 1 trade that would have blown me up if i was foolish...
Since my stoploss was at 33.26

That got hit id have lost all my capital, and i only have a few hundred quid left in my bank now, so that would have been the end of having a house to live in and food to feed myself.. :eek:


However i put my stoploss at 39.60 late this morning when market was in the mid 40s,
and so blowingup has been put on hold for another month again. :)
 
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