5% - 10% profit per day trading
- Thread starter spanish89
- Start date
- Status
LOL
I just dumped my 3 sell contracts for a £114 profit at 100.52 area(after paying a total of £36 spread cost i counted!!) lol
And now dropped a sell order for 1 contract at 101.66,
and then going to drop 1 or 2 more if we get a bounce back up to the low/mid 102 area!!
And then its just a case of repeating the process, and raking in a few more hundred quid profit!! 
Ive changed my mind, i actually love all the idiots who are buying at the low $100 level, cos they are the fools who keep providing me the bounce to continue the sell-wait-dump process!! HAHA
I just dumped my 3 sell contracts for a £114 profit at 100.52 area(after paying a total of £36 spread cost i counted!!) lol
And now dropped a sell order for 1 contract at 101.66,
and then going to drop 1 or 2 more if we get a bounce back up to the low/mid 102 area!!
And then its just a case of repeating the process, and raking in a few more hundred quid profit!!
Ive changed my mind, i actually love all the idiots who are buying at the low $100 level, cos they are the fools who keep providing me the bounce to continue the sell-wait-dump process!! HAHA
Another excellent day today. (Spanish, I hope you dont mind me posting in here?)
Made a profit of £1709 on mi ftse 100. Entered very poorly and saw it move against me but I was confident of catching the overall move..
Account up to £9518.03.
Taking massive risks compared to what I would normally do but I want to see how far I can take it.
Made a profit of £1709 on mi ftse 100. Entered very poorly and saw it move against me but I was confident of catching the overall move..
Account up to £9518.03.
Taking massive risks compared to what I would normally do but I want to see how far I can take it.
Nah thats fine for you to post here mate..
Its always nice to be able to socialise and find out how other traders are doing, as it does get really very lonely being a self employed home trader.
I still don't get how you made so much yesterday though?? lol :eek:
How much were you doing per pip??
And what size stoploss were you using??
Cos 5k from a 5k account is HUGE!!
Btw if you fancy some extremely easy money, oils already back up slightly in the overnight so far, back to 1st strongish resistance at 101.59 area,
and if we can break through that and get above 102 it will seriously be fucking christmas come early tomorrow!!
Cos ive already got a £1 tick sell contract in from 102.16 to catch everything down to the mid 100s and dump it on all the fools down there. lol
And if we can get to 102.63, or even more amazing upto the low 103s, that will soooo beautiful!!
Cos then i will hit it with another trade but £2/£3tick, all the way down to the low 100s again.
And all i have to do is make sure i have enough capital to put the stoploss above 107/8 area for each trade (i have 3k now so 3trades at same time max), and then i will be ultra safe, and can just sit back and keep cashing in on all the attempts down to 100, and then below!
Everyone knows down is the ONLY direction is going short/medium term, so its not even a question of 'if' it makes you money, more of a how 'how many times can you do it'! lol
Cos even if i paly it safish and just get £1 tick from 102.16, and £2 tick from 103.24,
when we hit the 100.50 level it will be £714 profit!!
:eek: If i have enough spare capital to get a £3 tick in from 103 area that will be over 1k for the day, or rather 1months living expenses and rent.
Oooh that actually doesn't sound too bad or risky tbh though..
I mean if you look at it, £25point x 70points s/l, with 1-2points spread cost, means your only risking actually £1,850 out of a £5,000 account.
And although 70points isnt really that much breathing and safety room, in ftses that is not uncommon to be the days entire range..
SO providing you get the right direction you make loads..
hi spanish, I actually started posting my reply before i saw yours.
To answer your question, yes big risk. I was actually trading solely ftse 100 CFDs (through abn amro).
Allows for some severe leverage (50x). At times my position was around £30-35 per point.
I didnt actually place any automated stops when I placed the trades. The idea being to go all out. Also the nature of my job means I could be called away for meetings or whatever so I am trying to set days for upto 2-3 days rather than scalping.
ABN includes an 'airbag' feature which supposedly cuts in and liquidates your positions at a set point if you a really down.
Anyway, im going to really go all out tomorrow so I may well be posting a 9k loss.
To answer your question, yes big risk. I was actually trading solely ftse 100 CFDs (through abn amro).
Allows for some severe leverage (50x). At times my position was around £30-35 per point.
I didnt actually place any automated stops when I placed the trades. The idea being to go all out. Also the nature of my job means I could be called away for meetings or whatever so I am trying to set days for upto 2-3 days rather than scalping.
ABN includes an 'airbag' feature which supposedly cuts in and liquidates your positions at a set point if you a really down.
Anyway, im going to really go all out tomorrow so I may well be posting a 9k loss.
- Status