5% - 10% profit per day trading

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Quote from spanish89:

I have extremely low capital now.., so it will be very hard to build up till enough so i can start earning again decently, providing i dont lose anymore that is. :confused: :(
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Can't help ya there. I can build capital with only $1,500 to start with. But I don't trade oil, I just burn it.

Work a job and save. Live cheap until you are back in the driver's seat. We've all been there.
 
Quote from GermanTrader:

Can't help ya there. I can build capital with only $1,500 to start with. But I don't trade oil, I just burn it.

Work a job and save. Live cheap until you are back in the driver's seat. We've all been there.
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LOL

Its not that easy to just 'get a job'.

Especially get one that pays as much as trading..


I had 2k, and had a 2week deadline to be able to pay £3,052 for flat stuff, and still have enoug to trade with...

Sounds like an absolutely impossible nightmare task, but i did it by turning that 2k into over 5k in those 2weeks.
recorded most my trades on here, and hit all my targets of 100s quid everyday with so much ease, even though i was under pressure.

But this week has just been the 1st losing week ive had for 2months now, but its completely crushed me and i dont get how its all gone wrong for me this week.. :(

I not trading now till the hurricane goes, and then i gna focus on ONLY selling the oil.
Because the 1day i buy i get fucked, so gna focus on just sellings.
 
Quote from GermanTrader:

Can't help ya there. I can build capital with only $1,500 to start with. But I don't trade oil, I just burn it.

Work a job and save. Live cheap until you are back in the driver's seat. We've all been there.
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How much could you earn on average from a capital of $1,500 in 2weeks you think though??
 
Quote from spanish89:

LOL Its not that easy to just 'get a job'. Especially get one that pays as much as trading. I had 2k, and had a 2week deadline to be able to pay £3,052 for flat stuff, and still have enoug to trade with...
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We all pay our dues to live and save for trading. Some of us worked jobs (plural) we don't like, so we can save. Others played favorite to mom's compassionate checkbook. But I would never suggest someone trade out of desperation or necessity.

Quote from spanish89:

But this week has just been the 1st losing week ive had for 2months now, but its completely crushed me and i dont get how its all gone wrong for me this week.
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Emotions cloud trading judgement. I could be wrong...
 
Quote from spanish89:

How much could you earn on average from a capital of $1,500 in 2weeks you think though??
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generally depends how much risk would be taken. i ran 1500 up to 40k in 6 weeks. im currently down 10k on a position though. so i took quite a bit of risk. im starting to lay off the risk. the timing was great though for me. i knew exaclty what the markets were doing. at the moment its a little different. id be trading small. id be lucky to make 500 in a fortnight. but generally if you go all out you should at least triple it by the end of the fortnight. it really depends on the amount of risk one is willing to accept
 
oh and spanish. if you work for a firm, you will have stoplosses. even if there isnt a set one on your trading, if you are down 25% in a day or so, your boss will approach you and you will silently leave. with your things.
 
thought id quote something spanish said on the first page

08-15-08 08:55 AM

I only trade crude oil futures..

Its the easiest thing to trade in my view, and the most lively.
Fx bored me way way too much even just watching it, and indices were ok for starting practise, but not enough movement, especially for my style of trading.

And i was doing £1 tick only since i only had a capital of £1,000 t £2,000... im now doing £1 - £3 per tick.
 
If i were you i would get any job (supermarket, data entry, whatever) that would pay your bills plus most of your rent. That way you dont have to keep taking out your capital. If you have 5k in your account when your lost over a grand then im sure you wouldnt be so rattled. I dunno how you can risk over 50% of your account in one day when you have no other money tho!

I think you need a bit of patience, ie you dont need to splash out on fancy shit when you are building your account. No point having an armani suit when your wallet is empty and you can only afford baked beans every day..
 
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