You make it sound like a hardship!, LOL
5% - 10% profit per day trading
- Thread starter spanish89
- Start date
- Status
You make it sound like a hardship!, LOL
seriously, there is a reason why the subprime lending crisis exists.
if yesloans actually end up saying "yes" then they should genuinely be renamed spunk-loans, since they may as well just spunk their dough all over the place and be done with it.
Although, the idea of some loanshark getting a good hard fannishing up the arse is half amusing I must admit.
yesloans: "fannish, you make a reliable consistent income from gambling? YES we'd love to lend you nearly £20k, you can afford the repayments right?"
fannish89: "huhuh huh huhuhuh err, yes?"
yesloans: "yes?"
fannish89: "yes!"
yesloans: "yes!"
spunk,spunk,spunk
Quote from spanish89:
yesloans give you it.
Im always honest on here no matter how it makes me look,
and so part of me is feeling like less manly and lower for crying so much all evening till now when ive finanly managed to stop puking and crying.
But that £1,500, i didnt just ''want it''.
i really seriously needed it.
It was over 35% profit on my capital, and money that i extremely need to be able to keep going.
if i get into just 1 bad trade tomorrow now it will wie me out completely.
Any bad trade today would have wiped me out and left me on teh streets, but i went through all that hard work and stress and all for nothing simply cos of badluck and lack of greed!!
Sorry to hear about your losses. I haven't been keeping up this thread, but sounds like you are close to blowing your account.
Anytime you lose -20% of your capital, you should either take a break or dramatically cut size while you cool off. Itâs a natural tendency to revenge trade after big losses, but that only makes the problem worst. Think of it this way: $4000 might not be much of a trading capital, but it'll buy you 1600 big macs! Thatâs food for 18 months.
Never trade with borrowed money, it sucks! I tried it back in 2000 by maxing out my credit cards and ended up blowing my account 6 months later. Thankfully, I had a pretty decent job back then and was able to repay back my debt without it ruining my credit rating. It was a learning lesson though.
Hang in there. This too shall pass!
ALoha mate,
i did endup making money today. Kept £166 profit.
But i was up to just under £300 profit after my 1st trade of the day.
That last trade i held i for nearly 2hours through all that stupid sideways shit, taking on so sooo much stress for all that holding,
and just to endup taking barely £160 from that trade cos i got cautious and cashed in 60ticks too early!!
I only cashed in early cos it spikedup so fast suddenly it was abnormal, and so i sold it near the top of the spike, as every other up spike all week has resulted in a pullback.
It just fucks me off and upsets me that i worked so sooo hard and made trades worth so soo much money, on a day when i was os much i need to do a 35% profit day,
just to end the day with barely anything left to show just becuase once again i let my cautious side take over!!!
i did endup making money today. Kept £166 profit.
But i was up to just under £300 profit after my 1st trade of the day.
That last trade i held i for nearly 2hours through all that stupid sideways shit, taking on so sooo much stress for all that holding,
and just to endup taking barely £160 from that trade cos i got cautious and cashed in 60ticks too early!!
I only cashed in early cos it spikedup so fast suddenly it was abnormal, and so i sold it near the top of the spike, as every other up spike all week has resulted in a pullback.
It just fucks me off and upsets me that i worked so sooo hard and made trades worth so soo much money, on a day when i was os much i need to do a 35% profit day,
just to end the day with barely anything left to show just becuase once again i let my cautious side take over!!!
I used to trade the CL but switched to QM two weeks ago as way to cut down size. I actually hate QMs, the spread and volume sucks, but the CL contract is a little too big. Today was unusual that I traded two QMs. I typically just do 1 QM at a time and use $1 stops.
But yeah, CL is much better than QM.
Been reading this for a while and could of told you that you would start to blow up very soon.
You need to read "Trading in the zone" by Douglas, preferably before you place even one more trade.
Everytime I read about how your hopes and needs all hang on one trade, starting a day expecting to rake it in, assuming you are going to get it right etc. etc. and it is just like reading off the list of the BIGGEST no-nos from the trading in the zone book, and on the road to guarenteed long term, or in this case short-medium term, failure.
Read it, before its too late.
P.S - loan for day trading? Ive heard better ideas.....
memz
You need to read "Trading in the zone" by Douglas, preferably before you place even one more trade.
Everytime I read about how your hopes and needs all hang on one trade, starting a day expecting to rake it in, assuming you are going to get it right etc. etc. and it is just like reading off the list of the BIGGEST no-nos from the trading in the zone book, and on the road to guarenteed long term, or in this case short-medium term, failure.
Read it, before its too late.
P.S - loan for day trading? Ive heard better ideas.....
memz
aloha mate i know that i have to take extreme risks when trading.
Its not cos i get some sorta pleasure out of this, its simly cos when you have to earn to survive you simply have to do whatever it takes.
Im not 'blowing up' though as many people on t2w are trying to make it sound like.
Just because i dont lie and pretend about my trading profits (like a few people who im not gna name as im not into bitch fight lol),
doesnt mean im not making money and instead 'blowing up'.
I ended december up just over £7,500, after have 2 very unlucky last 2days (when i made the 1 trade through wrong account and os missed the 1.5k, and then when that opec cut gave the misleading ehadline n i rejected over 1k).
So i ended month with 7.5k not 11k+.
Over new years eve i made £1,485.
Last week while i did swing between profits and losses when i got cautious and took losses on what turned out to be extremely nice trades, i still ended the week break even.
This week ive been very cautious again and so am down about 2k cos i took a big at the lows of yesterday morning, and thentoday only ended with the £166.
K i could have made more, but ive learnt enough to know that theres no point in thinking about what i could have done if thing had been different, and just get on with it.
Even after all those losses over the last 2weeks im still holding over £5,500 profit overall from december, so if i spilt that into these 2months i have £2,750profit per each of these months from a starting capital at begging of december of just 4k.
So im not ''blowing up'' anything like that, im simply 1 of the people who actually is honest about my trading and goes out of my way to admit my loses!!
I now do understand what dante meant when he said that i shouldnt put so much effort into trading forums n my journal!!
Since every single day im the 1 who has come on here and posted all the charts and posts actually telling people what the key levels are going to be that day that they should watc as the market is gna react at them!!
regardless of if i got in at the best time of those entries and if i took risk and held the trades for a longtime or took losses,
EVERY SINGLE ONE of those levels that i have given every day since i started giving them has been accurate and a key level that the market reacts at!
And while when i do good there are the people who do celebrate with me and always appreciate and thank me for going out of my way to provide everyone this info everyday,
the days when i get into trades too early and when i take losses due to caution there are always then so many people waiting to then come out of the walls and critise me and try again to make me sound like im some newbie fool.
Yet as soon as i start doing good again and making loads these people just vanish away for abit and wait until i start having bad day before re-appearing again.
And the most saddening thing is that these people NEVER EVER EVER, NOT EVEN ONCE actually post their live calls in advance or come on here and tell other people what are the key levels to watch,
so they dont give any pyshical help to anyone at all.
I do understand the reasons why they dont,
since if you dont say anything outright on here then your not exposed to the public knowing if you get it wrong.
And the few people who dont actually trade anyhwere clsoe to the money that they claim they do, well if they started giving thier calls and stuff and then they were wrong they would have an extremely hard time with their claims.
Im not into argueing or bitch fights or name calling or any of that sorta nonsense though. lol
The few people who do actually appreciate all the charts, calls and analysis that i have given, (including me posting the details of my mistakes to try and help others learn form them and not make them too),
and who have always been supportive and appreciative to me and the thread,
you know who you are...
And the people who have instead just critised, and made up stuff about their own trading,
well you know who you are too.
(im not gna go into any names, or comment on if someone asks if im accusing them of it as this is the net so people can do whatever they want).
I am going to follow what dante said though and am going to not come on here for 1week to start with, and just focus on trading for myself and making money for myself during this week.
And then after this week i will see how im doing and if i find it easier to make money when its just me alone doing my job with no-one to answer to or judging however little or much i earn each day.
i honestly do hope that this thread does stay a place where everyone else can chat and socialise though.
Its not cos i get some sorta pleasure out of this, its simly cos when you have to earn to survive you simply have to do whatever it takes.
Im not 'blowing up' though as many people on t2w are trying to make it sound like.
Just because i dont lie and pretend about my trading profits (like a few people who im not gna name as im not into bitch fight lol),
doesnt mean im not making money and instead 'blowing up'.
I ended december up just over £7,500, after have 2 very unlucky last 2days (when i made the 1 trade through wrong account and os missed the 1.5k, and then when that opec cut gave the misleading ehadline n i rejected over 1k).
So i ended month with 7.5k not 11k+.
Over new years eve i made £1,485.
Last week while i did swing between profits and losses when i got cautious and took losses on what turned out to be extremely nice trades, i still ended the week break even.
This week ive been very cautious again and so am down about 2k cos i took a big at the lows of yesterday morning, and thentoday only ended with the £166.
K i could have made more, but ive learnt enough to know that theres no point in thinking about what i could have done if thing had been different, and just get on with it.
Even after all those losses over the last 2weeks im still holding over £5,500 profit overall from december, so if i spilt that into these 2months i have £2,750profit per each of these months from a starting capital at begging of december of just 4k.
So im not ''blowing up'' anything like that, im simply 1 of the people who actually is honest about my trading and goes out of my way to admit my loses!!
I now do understand what dante meant when he said that i shouldnt put so much effort into trading forums n my journal!!
Since every single day im the 1 who has come on here and posted all the charts and posts actually telling people what the key levels are going to be that day that they should watc as the market is gna react at them!!
regardless of if i got in at the best time of those entries and if i took risk and held the trades for a longtime or took losses,
EVERY SINGLE ONE of those levels that i have given every day since i started giving them has been accurate and a key level that the market reacts at!
And while when i do good there are the people who do celebrate with me and always appreciate and thank me for going out of my way to provide everyone this info everyday,
the days when i get into trades too early and when i take losses due to caution there are always then so many people waiting to then come out of the walls and critise me and try again to make me sound like im some newbie fool.
Yet as soon as i start doing good again and making loads these people just vanish away for abit and wait until i start having bad day before re-appearing again.
And the most saddening thing is that these people NEVER EVER EVER, NOT EVEN ONCE actually post their live calls in advance or come on here and tell other people what are the key levels to watch,
so they dont give any pyshical help to anyone at all.
I do understand the reasons why they dont,
since if you dont say anything outright on here then your not exposed to the public knowing if you get it wrong.
And the few people who dont actually trade anyhwere clsoe to the money that they claim they do, well if they started giving thier calls and stuff and then they were wrong they would have an extremely hard time with their claims.
Im not into argueing or bitch fights or name calling or any of that sorta nonsense though. lol
The few people who do actually appreciate all the charts, calls and analysis that i have given, (including me posting the details of my mistakes to try and help others learn form them and not make them too),
and who have always been supportive and appreciative to me and the thread,
you know who you are...
And the people who have instead just critised, and made up stuff about their own trading,
well you know who you are too.
(im not gna go into any names, or comment on if someone asks if im accusing them of it as this is the net so people can do whatever they want).
I am going to follow what dante said though and am going to not come on here for 1week to start with, and just focus on trading for myself and making money for myself during this week.
And then after this week i will see how im doing and if i find it easier to make money when its just me alone doing my job with no-one to answer to or judging however little or much i earn each day.
i honestly do hope that this thread does stay a place where everyone else can chat and socialise though.
- Status