5% - 10% profit per day trading

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Quote from Businessman:

In about 48 hours CL has dropped from 41.8 at one point to a low of 33.5. A fall of 20% in two days.

Its probably still the most volatile commodity out there.

The daily hi-low ranges in the last week have average between 300 and 500 ticks a day, that is still great volatility compared to the DOW, ES and most currencies.
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lol

Yeah it did fall that much, but thats not 'volatility', as there was no fast paced movement in both directions...

It was just 1 really really slow drawn out elongated down move, that kept pausing and consolidating before dropping more, with lots of sideways crap as well.


I even managed to get my sell in at 41.46 just minutes before it tanked,
and even though im not into holding trades for long when they go into profit,
No-one else here either would see the market having already fallen 2 t 3dollars vertically, and so decide that that would be a good time to sell and stick their target 5dollars lower! :cool:
 
Quote from Businessman:

That post makes you sound more like a compulsive gambler than a disciplined trader.
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Soz to hear about your loss leemeeplay mate.. :(


And just fuck off businessman,
all you n the twats from t2w do is come on here and critise everyone else when they have losing trades,
and just hide away in the shadows whe they make money.

When you yourselves have never even given 1 live trade call,
so theres no reason for anyone on here to take any of the nonsense you take seriously! :D


So get back to your 10p per tick accounts! :cool:

You can write childish replies back, but im blocking all the twats on here now, so i wont actually be able to see your replies. :p



You gna trade today leemeeplay mate??

And i wonder if usman has added more to his trade..
It must be a huge size now though, and a serious mindfuck holding an 700ticks open loss... :(
 
was short just covered for about 25 ticks. Flat now and just watching. I will probably wait to see what it does to the high of today and how it looks in that area, possibly for a short if we have one major wash out to the downside. If it can stay above 35 for a bit might play it long, this action here is directionless and its very over sold so shorts are scary.
 
Quote from lemeeeplay:

This is true. This week was terrible for me as well. I ended up losing money no matter what I did. My CL, currency trades were all mostly losers. Its been pathetic because my profitable trades are like $150 but my losers are $1000. It's times like these that makes me glad that I still have a regular day job, but my goal is to quit that at some point and trade for a living. The thought of working an 8-5 job for the rest of my life depresses me, while at the same time, losing money on bad trades depresses me too.
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8 - 5 job for me?? :eek: :confused:

Lol No no my good man, i am not going to be 1 of those fools working some shit jobs for a couple of quid an hour! :p


Im either taking a job as a corporate security officer/superviser,
which all i have to do is go to hotels and business functions wearing all my flash armani suits that i bought back in october,
swan around the room making sure theres no 'security breaches' and if anyone gets too drunk and into a fight il just break it up,
get to chat up all the PAs n receptionists,
and the job pays £23,000 t £26,0000 per year.

4days on/3days off, and hours are 6pm t midnight 2days, and 10am t 5pm other 2days.


Other job ive gone for is nigh security officer at this luxurybeauty spa campus.
It pays £21,000 per year, and the hours are 9pm t 6am.
And the very best thing of it is that i only work 5days on/the get the next 5days off!! :cool:

So that averages at 11/12days work per month, for £1,860.


And when i say 'work' the job will be me just spending the whole night louging around a beauty spa campus, no boss or anyone else there to watch me, and so il just bring my laptop and come on net all night, watch movies on here, eat, sleep...

And get paid £169 per night for doing it! :) :cool: :p
 
or around low 35s if it goes there early. For a major wash out to the downside towards the end of the day if it gets there. but usually CL never just goes straight down and IM thinking the closer to the open we get we might see higher prices from here.
 
Quote from lemeeeplay:

I am home sick with a flu, so I won't be going to work. I am planning on trading all day today

What about you spanish?

Where is USMAN?
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ALoha mate, no im not gna risk anymore money while the market conditions are like this.

Thats why im taking the other job so i can get easy i income, and then buildup £8,000+ over the next few months and then restart trading with that, instead of just paying about with a few thousand. :)


And oil is looking even shitter today,
as the only 1 formation we did get was a head n shoulders,
but who out there is that much of a gambler that they would sell the market now after a 20% crash???!!



the dollar is weaker by over 300pips against gbp too, but oil is still down, and its ignoring gasoline.



ive put chart to show it, and the next support level if this keeps falling will be at 33.02!! :eek:
 

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Quote from lemeeeplay:

I just dumped that trade @ 33.93 and took a small $75 loss

i exited because it broke its earlier low
no point in catching a falling knife here
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welldone mate... :)


It looks liek it wanst to got to the corss of the line at 33.02 now.

I hope it crashes even lower than that to reward you pyschologiclally though.. :)
 
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