5% - 10% profit per day trading

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closed all my LONG for flat 5820

U.S. UNEMPLOYMENT RATE HITS 8.9% AS NONFARM PAYROLLS SHED 539,000

ADP expected was 491,000

many analysts expected 520,000
 
In theory I did not lose any thing from my yesterday LONGs avg. 5820 and waited on all the drawdown to 5600 and back to 5820 and closed it.

But I did loose good amount for the following. In the high leveraged positions at 5600 , interactive Borkers (IB) my broker did liquidated many of lots even though we know that 5600 level is temporary ( for few minutes ). I called and talked to IB and said I am sending funds they did not listen.
In this respect MF global is much better , I have a small account with them. In fact at 5600 level I was able to add new LONGS 10 contracts with them by word of mouth which saved me from some of IB losses.
I am going to move big portion of my account to MF which seems listening to clients not just taking liquidate positions in for a few minutes drawdowns .
@Usman any input with respect to MF or your other brokers is appreciated ..
 
i hear you about IB's crazy margin rules at closing time. i'd like to find a *cheaper* broker as well, but IB so far as been very reliable in terms of data feed and execution speed.
 
Aloha ladies,
due to the course i need to go on before i get the 1st basica level 1 security surveilance license being cancelled due to the trainer being in a car crash,
im off for 1more month till 8th June when the next course starts!! :eek: :mad: :mad:

Its very very annoying, since i cant legally get paid till ive got the license, since the local government cant employ me me to do the job until i have it as its a legal requirement.

And so all i could do would be do unpaid training for 1more month till i get it,
and then start getting paid the normal salary while doing on-the-job training.

Or instead just take the next 1month off for relaxation and then just start the paid training once i have the license, and so ive taken the bosses offer on that. :)



So il be on here most days for the next 1month, (will go in for training maybe 1x per week just so i dont get out of practise or anything).


Hows everyone done with this recent move??

I still have my buy order that i set at 45.86..., and my target of the 57s has been hit already i see.

So its just a pity we only got to the 47s before the move started though,
but oh well... :)
 
oil 6000 today won't happen may be next week some time
- the govt. actual joblosses which are key for oil price are not as bullish as EDP said I think that is driving oil mainly ...

Quote from InvestVision:

closed all my LONG for flat 5820

U.S. UNEMPLOYMENT RATE HITS 8.9% AS NONFARM PAYROLLS SHED 539,000

ADP expected was 491,000

many analysts expected 520,000
More...
 
And ive also put charts for whats i think is next for both oil and dow.

(Both of which are in extremely overbought areas to such extents thats its to levels at which i really specialise in preying on!) :D :cool: :p


I use these weekly n monthly charts so we can see how really overdone and how steep this rally has been (Never in history have these rallies gone this far and lasted witrhout pullbacks)

And it also shows where the really strong key S&R levels are.

:)
 

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