5% - 10% profit per day trading

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As I mentioned, why not look at something else. If I traded full time I would be more diversified and research into more stock trading possibilities..
 
I started with ftse/dow, but they didn't suit my trading style at all. :(

Oils always been my true love! :D


And ive made back in with £122 profit so fra, and hitting ol with everything ive got now!

So unless oil hits $116+, BEFORE retracing 3dollars to the 102/3 area, i will make about £800!! :D :D :D
 
Im basically now sitting on my £122 profit... lol

(Lost £20, but then made £20 back)


Waiting for the next good opportunity to get s short in.

Its so basically impossible to trade oil with any solid conviction now, since its basically a case of weigiing up 'Weaking dollar vs Weaking economy = which direction for oil'!!


:confused: :eek:
 
don't know how to write this. i have seen many people
with great runs. your biggest enemy right now is your
belief of invincibility. self confidence is a great asset if
you know how to treat it.

advice: stick to your rules. especially to everything
concerning risk appetite. don't increase your risk until
the end of the year. plus: study. understand more about
what you are doing.

you made your way into the tough to reach territory of
profitable trading. now defend it by all means. hope for
the best, plan for the worst.

most people i know finally got killed. especially discretionary
traders suffer a lot if they have a draw down early on.

whatever: do well. all the best to you.
 
Quote from mind:

don't know how to write this. i have seen many people
with great runs. your biggest enemy right now is your
belief of invincibility. self confidence is a great asset if
you know how to treat it.

advice: stick to your rules. especially to everything
concerning risk appetite. don't increase your risk until
the end of the year. plus: study. understand more about
what you are doing.

you made your way into the tough to reach territory of
profitable trading. now defend it by all means. hope for
the best, plan for the worst.

most people i know finally got killed. especially discretionary
traders suffer a lot if they have a draw down early on.

whatever: do well. all the best to you.
More...




Cheers mate.. :)

I do know that im not invincible, very much the opposite actually, im barely staying alive on my current capital..,
each day is actually a qustion if i will be able to earn enough that day to stay alive and feed myself for the next day.. :(


And especially at the moment with oil being torn between weaking dollar and weaking economy its extremely hard to trade it! :( :eek:


I still managed to make a very decent 191 ticks today though,
through both a mix of hitting it with everything sells, and 2 tight stoploss 11tick steals.
 
Quote from candles:

Pre-market trade for an 18 pip profit and then a short with 2 scale out profit targets for an average of 102 pips.
Total of 120 pips.
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Aww well done mate! :)

How much you did per pip?? And whats the S&P market like to trade, compared to trading oil, an fx pair, or the dow for example??
 
between £3 and £10 approxiamtely. Depends on the setup.

I trade spx 90% of the time so hard for me to comment. Forex tends to trend more and oil has quite volatile/relentless moves in my experience - Although none of that really matters to me, because I trade intraday and am not really concerened with the nature of the instrument or having a medium/long term bias. Just trade my set-ups / price action intraday...
 
Candles, can I ask what broker you are using - do they include those charts I see? Or is that just a package - if so what one?


Quote from candles:

Pre-market trade for an 18 pip profit and then a short with 2 scale out profit targets for an average of 102 pips.
Total of 120 pips.
More...
 
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