5% - 10% profit per day trading

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http://www.google.com/hostednews/afp/article/ALeqM5hAIX4wY0dXgu6y7DI4sFFBp80s9A

"We would certainly pay close attention to crude stocks and refinery runs, following a sharp rise in (US) refinery capacity" in last week's data, said VTB Capital analyst Andrey Kryuchenkov.

"There is a slim chance for a small (fall) in crude inventories, provided runs remain near the same levels as the previous week."

Even though US refineries are working harder, data from the US Department of Energy released Tuesday projected that average annual world oil consumption will decline by almost 1.4 million barrels per day in 2009.


"Right now the message out of OPEC is mixed," said Victor Shum, senior principal at energy consultancy Purvin and Gertz in Singapore.

"I think what is likely to happen is that there will be a lot of comments to stick to full compliance (with) output cuts that have been planned and there will not be further cuts," he told AFP.

"At the time they meet, if pricing is really below 40 dollars, that will give OPEC more reason to cut output," Shum added.



Quote from InvestVision:

http://www.reuters.com/article/fundsFundsNews/idUSN1054501720090310

The API, in its inventory report released at 4:30 p.m.
EDT (2030 GMT), said that for the week to March 6, crude stocks
fell 419,000 barrels to 345.3 million barrels, gasoline stocks
rose 1.7 million barrels to 216.5 million barrels and
distillate stocks fell 279,000 barrels to 144 million barrels.

* The U.S. Energy Information Administration will issue its
report at 10:30 a.m. EDT Wednesday.

* A Reuters poll of analysts showed an average forecast for
a 400,000 barrel build in crude stocks, a 400,000 barrel
drawdown in gasoline supplies and for distillate stocks to have
been little changed in the week to March 6. [EIA/S]
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here is my guess oil price cases once govt. EIA report is released ( at least few hours after report )

case 1: EIA report crude stocks drop by 500,000
oil price: 46.0

case 2: stocks increase or no chnage
oil price 43.25
 
Quote from diutinusfides:

I dare not laugh, but I am on the verge of cracking up when I read this thread title. If you think you can consistently make 5-10% a day trading, then if there was a derivative for specifying how soon you will burn your account up because of the risk required to realise such daily profits, then I'd be more than comfortable taking a bet on it.

There is NO way you are making 5-10%, unless you are just doing it for a few days, then blowing up a demo account, and starting account.
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Instead of just reading the title, why dont you actually read the few hundred pages of the thread mate... :)

I clearly showed and documented every trade i made, everyday, most of them live called in-advance, and with 100s of screenshots of not only my account but also of the daily trade history.


Making 5% t 10& profit on your capital per day (withdrawing everyy week, so not compounding for longer than a few days ever),
isnt easy at all. It is extremely stressful.

But when you trade not because you like doing it, but simply cos you have to do it to survive and feed yourself,
then you find ways of being able to keep going and earning that much, since if you fail toyou would simply have no food to eat that week. :)
 
Quote from spanish89:

buy order set at 43.36 [/QUOTE


Target order set at 46.86 :)


Am going to hold this trade till tomorrow evening or friday afternon/evening,
to cathc teh big upmove that will come when the upcoming opec cut gets priced in.
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