5% - 10% profit per day trading
- Thread starter spanish89
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Ooooh cashe din that last trade abit early fucked it up quite abit cos i got dressed to go out, checked the market quick, saw i had £100+ profit, so just cashed it in, and then opened the same trade a few seconds later (paying £24 comission).
Then cashed in again when i saw £50+, and reopened again.
But then market went all the way back up to almost hwere i had opened the 1st trade to start with ( i had now gone out), but so i missed out on doubling back up on that trade again.
Still took £148 extra in total, reduced trade to £1 per tick, and its going from 105.11 with target level set at 102.66.
(as its just way too risky still to to bank on the fact that the chinese will all sell it ovenight not buy it)
So thats a total for the day of £406 profit though.
Then cashed in again when i saw £50+, and reopened again.
But then market went all the way back up to almost hwere i had opened the 1st trade to start with ( i had now gone out), but so i missed out on doubling back up on that trade again.
Still took £148 extra in total, reduced trade to £1 per tick, and its going from 105.11 with target level set at 102.66.
(as its just way too risky still to to bank on the fact that the chinese will all sell it ovenight not buy it)
So thats a total for the day of £406 profit though.
It is possible to make 300%-500% per week (or 2-4 days sometimes) trading options without day trading. Everything has to be right though.
I cashed in my sells (added a 2nd this morning from just under 105) at 103.45 area, for £260 profit for the day.
Then just took the day off.
Im now back in a £2 tick short from 106.96, with a target of 102.36.
Ive put my stoploss at the maximum my capital will allow (124), so i just hope all the over hyped optimism about the bailout finally dies out today or tomorrow, and they realise that it isnt going to help the economy at all really! lol
SO thats now £1,448 profit so far this week, from a starting account of under £2,400!!
Then just took the day off.
Im now back in a £2 tick short from 106.96, with a target of 102.36.
Ive put my stoploss at the maximum my capital will allow (124), so i just hope all the over hyped optimism about the bailout finally dies out today or tomorrow, and they realise that it isnt going to help the economy at all really! lol
SO thats now £1,448 profit so far this week, from a starting account of under £2,400!!
When you have as little capital as me this is just how you need to trade to buildup capital.
As at the end of the day you make profit from probabilities not from odds.
So the probability of oil dropping 50 cents to a few dollars BEFORE it hits 124 (going up 17more dollars is so so unlikely compared to that of it dropping a few dollars before going up 1, that would be very risky.
I trade off S&R levels + price action though anyways, dont just get in at an old random time that i turn my screen on! lol
Theres a lot of pages here so if this was already covered i apologize.
So is this etx capital or abn amro marketindex allow American clients?
Also, is this what is considered a "bucket shop" and if so spanish or anyone else, have you seen any manipulation of your data feeds?
So is this etx capital or abn amro marketindex allow American clients?
Also, is this what is considered a "bucket shop" and if so spanish or anyone else, have you seen any manipulation of your data feeds?
Aloha mate, i don't think they do allow americans sorry, as online betting is banned in USA?
Im not actually sure where the term 'bucket shop' comes from..,
but i can assure you that its just an old fashion term for how dodgy soem of these firms used to be many many years ago.
Now these trading firms are in my view alot better than brokers, as you can execture your der within fractions of a second with just 1 click, and the layout of the platofrm can be more basic and quick and easy to use.
You don't have to pay tax.
And you can do it at just £1 t £2 per tick of you like.
And in regards to problems with the charting feed, igindex gives a perfect clear constant live stream, and on ETX if they ever do have an issue with their platform that causes an execution error at a less favourable price than what teh real rice was, all you have to do is phone them up, tell them, and they will apologise and refund any loss you had from it.
Ya i figured it was no good for Americans. Thanks for the response though.
They had these companies back around the beginning of the 1900's and were eventually outlawed in the u.s. because people were getting fleeced.
Regulations that have been imposed because we "have to be protected from ourselves here in the usa"
1. Out law of bucket shops....forex shops aren't much different i'm sure they'll be gone one of these days.
2. Pattern day trading rule. Day trading was so easy so everyone quit work to do it. Bubble collapse= people cry and say it's unfair when they lose the house.
3. Now we can't short because it's unfair to those companies who claim the decline in their stock price isn't warranted and blame it on bear raids.
They had these companies back around the beginning of the 1900's and were eventually outlawed in the u.s. because people were getting fleeced.
Regulations that have been imposed because we "have to be protected from ourselves here in the usa"
1. Out law of bucket shops....forex shops aren't much different i'm sure they'll be gone one of these days.
2. Pattern day trading rule. Day trading was so easy so everyone quit work to do it. Bubble collapse= people cry and say it's unfair when they lose the house.
3. Now we can't short because it's unfair to those companies who claim the decline in their stock price isn't warranted and blame it on bear raids.
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