5% - 10% profit per day trading

[PennyRiot]

long @ 41.84.

stop @ 41.44


hmmm, I have a strange feeling it will go down though... but everything in my set up is telling me to go long, the target being 42.3

however I m not so sure it was the right trade.

guess i will find out soon.

 

[lemeeeplay]

Yeah me too, I am not liking this action at all. I was expecting to see small dips with strong bounces, but seeing the opposite.

 

[mccullek]

Don't forget that this is holiday trading, so volume is very light. They will jack prices around and run stops like there is no tomorrow. Trade wisely if you can't leave it alone for a couple of weeks!

 

[coolshades]

Quote from V8Media:

long @ 41.84.

stop @ 41.44


hmmm, I have a strange feeling it will go down though... but everything in my set up is telling me to go long, the target being 42.3

however I m not so sure it was the right trade.

guess i will find out soon.

going short at 41.4 exit at 4100

 

[lemeeeplay]

I just got stopped out

$-500

 

[PennyRiot]

my long @ 41.81 was bad.

oil is going down...

cut my losses and waiting for a another oppurtunity.

short is the way to go, i guess.

went short @41.50

 

[spanish89]

Aloha, i stopped my trading back on thursday till aabout the 4th of january...


Since cos the holiday now there will be barley any movement and so itd just piss me off trying to make money from it, especially with my spread.

 

[PennyRiot]

ok, oil is going down...

any idea how lower can it get?

if it goes bellow 40.4 then i expect it to go all the way to the mid 30s.

anyone agree?

 

[coolshades]

got my 40 points. wish this was real money.

 

[spanish89]

Quote from V8Media:

ok, oil is going down...

any idea how lower can it get?

if it goes bellow 40.4 then i expect it to go all the way to the mid 30s.

anyone agree?

It was quite easy to know it was extremely likely to go down.. (as i said last week when tryin to se ethe logic behind the spreads difference),
why on earth would people be willing to sell oil as low as $34 on friday,
go off for thee weekend,
come back, and not be prepared to sell it for less than $40 now, just 2days later! :eek:

And why on earth would people be willing to pay $40s now, when the could of just been smart and stockedup on friday if they were prepared to pay more for it.