5% - 10% profit per day trading

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Its nymex mate.

And tomorrow oil will rise in the morning, will probably break through $115, and about 60% chance it will go past $116.

(Because of hurricane fay, the azerbijan pipeline and transport stuff in georgia, and the nigeria pipeline thats still not fixed).


But then all the buyers who drove it up in the morning will then switch to selling it down in the afternoon/evening, because people just cant afford to pay the higer prices, so the demmand will be lowered, and no-one wants to be the last guy to have bought when this fall happens so the mass selling always takes over! lol ;)


I have no interest in buying oil anymore, so i will instead be waiting till we have enough of a peak and then il start my selling down from there! ;)
 
Quote from spanish89:

And tomorrow oil will rise in the morning, will probably break through $115, and about 60% chance it will go past $116.

(Because of hurricane fay, the azerbijan pipeline and transport stuff in georgia, and the nigeria pipeline thats still not fixed).
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Grrrrr i missed it cos i didnt wakeup till 9.45 today!! :(

Oh well we wll get another V
 
Quote from gobar:

gr8 call spanish89... (not the stalker one [:d])

man oil wen above 115 and now going down...
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Cheers mate.. ;)

Il try n find then post the link to my previous journal, from back when oil was in the 135s+ - 147 i was giving daily forecasts and got everysingle forecast correct each day for 3weeks straight! :D



Ive had such a **** day today though!! :(

Starting from the morning i wokeup too late so missed the trade i had seen from yesterday!

Then i started selling too near the base of the 2nd V just out of frustration n boredem, so missed out on alot of cash when it went back down to my anchor trades,
and then took a £10 loss on my last remaining trade whe oil was around 113.50, cos i thought itd rebound back up there, but instead it feel below 113!! :(

And id already closed of £3 tick sells for only £41 profit back at 113.90s! :(


So only made £58 so far today
 
Quote from gobar:

gr8 call spanish89... (not the stalker one [:d])

man oil wen above 115 and now going down...
More...


I see it rebounding up from 112.50 now, and so im going to try and get a "3 tick sell trade in around 113.89, or 113.66 if its struggling there.
 
Quote from spanish89:

You are currently trading with
virtual money.
Click here to switch to your Investor account.
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Quote from spanish89:

LOL

Why would i be trading with virtual money??

As much fun and as that would be, i doubt i could pay my rent in 'virtual money'... lol
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LOL
 
"First: dont use stops, these will only lose you money.

A loss is not a loss until I close the contract with my spreadbet bookies.

Works best with spreadbet comapnies as these are better than direct access, dma just takes your money and dont give it back."

Can anyone take this joker seriously?
He confessed over on trade2win he conned people on eBay by getting the goods shipped to him then telling eBay he hadn't received them.
He also didn't meet up for a traders meet in a town 5 miles from where he lives because no one was nuts enough to give him a ride and he didn't have the dough for public transport.
 
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