5% - 10% profit per day trading

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Quote from usman88:

thanks guys but I use a different strategy. I actively seek to lower down my avg in buys.
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thats how i often liek to trade if my initial trade entry wasnt perfect,
but i currently have no backup capital to add more, unless i moved stoploss nearer...

and im not gna lower my stoploss just or achnace to make more money.


as i want to just rebuil my capital gradulaly but consistently
 
hahaha

look at gaslone and oil go!! :D



this is what i mean about usman..., i dont get how the fuck he does it,
but the market never ever seems to want to go too far against hium, an dthen theres always a randomw spike form nowhere, based on nothing, that gets to the target! :D
 
Quote from lemeeeplay:

usman, how do you do that though?

If you start with lets say 2 long and the price moves against you by $1. Do you buy 4 more and then sell them back when price goes up by .5? Would you sell all or only the last 4 you bought? In that case wouldn't the original 2 still be in a loss with the original entry?
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I never add more lots to a losing position. Let me explain

If am 2 long and market goes I would never buy 2 or more from below. I would only buy 1 and sell it for short profits. That way my original buy would slowly come down.
If I am 100% sure that market it going to rebound I would hold the lower buy other wise sell it for small profits.
Yesterday I did the same. Market swinged alot and this way I brought my avg down
 
Quote from usman88:

I never add more lots to a losing position. Let me explain

If am 2 long and market goes I would never buy 2 or more from below. I would only buy 1 and sell it for short profits. That way my original buy would slowly come down.
If I am 100% sure that market it going to rebound I would hold the lower buy other wise sell it for small profits.
Yesterday I did the same. Market swinged alot and this way I brought my avg down
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@useman , based on your posts readings it seems you never SHORT oil (or very very few ) , only Long all the time , Is it right ?
 
i scalped £230 earlier buying oil at 37.86,
and now just holding my core £6 long for 39.86 or higher, depending on reaction to the inventory number. :)


Gasoline is soaring, but oil is being reluctant to follow. :(


lastime gasoline was this high oil was at the high 41s t 42s though.
 
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