5% - 10% profit per day trading

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Quote from spanish89:

GRRRRR

I JUST COMPLETELY GIVE UP ON TRADING FOR NOW UNTIL MY LUCK CHNAGES!!! :( :( :(

I DONT KNOW FOR DEFINITE IF FATE EXISTS, BUT IF LUCK IS AGAINST YOU, THEN YOU ARE GNA LOSE NO MATTER WHAT YOU DO.
SO THE BEST YOU CAN DO IS JUST GIVEU AND LEAVE IT TILL LUCK ITSELF CHANGES INTO YOUR FAVOUR.
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It's not about luck.

Your "plan" was flawed, right from the beginning.

5 to 10% per day doesn't come, and just can't come without significant risk.

Daytrading has a much less chance of profit than swing or position trade.
Much less in crude.

If you weren't that leveraged and held trades overnight, you would had done quite well shorting crude:
http://charts.barchart.com/chart.as...i=&ov2=&argj=&argk=&argl=&code=XSTKIC&org=stk

You gambled big and you lost big.
Hope you have learned your lesson:
Don't gamble, invest!
 
Quote from crgarcia:

It's not about luck.

Your "plan" was flawed, right from the beginning.

5 to 10% per day doesn't come, and just can't come without significant risk.

Daytrading has a much less chance of profit than swing or position trade.
Much less in crude.

If you weren't that leveraged and held trades overnight, you would had done quite well shorting crude:
http://charts.barchart.com/chart.as...i=&ov2=&argj=&argk=&argl=&code=XSTKIC&org=stk

You gambled big and you lost big.
Hope you have learned your lesson:
Don't gamble, invest!
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The ONLY reason i lost money last week was because i didnt have instant access to the hurricane info as soon as it broke, which all the other traders did have and so they all bought it up $6s, and i got fucked trying to cal the peak..

And then because i was under capitalised i couldnt put my stoplosses in the 130s where i would have liked to and where would have been safe, and so instead i had to take losses in the 117s.

Then as hurricane was getting stronger i did the logical thing, 'buying oil', but got fcked again cos everyone esle decided to sell off then.. :( :(


I now just need to wai until this IEA meeting outcome on tuesday as to whether they gna cut production or not, and then we will have the next medium-longterm trend that i can trade on. :)
 
Quote from spanish89:

The ONLY reason i lost money
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The "only" reason, huh?
Whatever.

Anyhow, hurricane info is freely available in the internet, for example:
http://www.nhc.noaa.gov/

Remember, the market seldom reacts, the market anticipates.
I don't see any rocket science in this.
 
Quote from crgarcia:

The "only" reason, huh?
Whatever.

Anyhow, hurricane info is freely available in the internet, for example:
http://www.nhc.noaa.gov/

Remember, the market seldom reacts, the market anticipates.
I don't see any rocket science in this.
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Yes, the 'only' reason.

If the hurricane hadn't come along i would have made loads in my sells that i was holding.

Or i had had the same instant alert to gustav being upgraded that day, and then downgraded the next day, i would have just closed my short trades instantly and followed all the longs since i would know what was causing it.

Im fully aware of the nhc website also mate, but they dont offer a service where they will message me each time they upgrade or downgrade the hurricanes.


I have now got the Ransquawk news service to get this info instantly when it breaks.
 
Quote from spanish89:

Im fully aware of the nhc website also mate, but they dont offer a service where they will message me each time they upgrade or downgrade the hurricanes.
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You don't need it.

The market always overreacts.
You should had to buy (or exit your shorts as this is still a downward trend), at the earliest hurricane warnings nearing Texas, and exit right after.
 
Quote from crgarcia:

You don't need it.

The market always overreacts.
You should had to buy (or exit your shorts as this is still a downward trend), at the earliest hurricane warnings nearing Texas, and exit right after.
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How do you work out when the market will start its reaction, and when it will have finished its reaction though please??

Because we all knew it was comng, but ignored it till it got upgraded 1 notch, it went up $6s, and then crashed next day instantly when downgraded back down.
 
Hey spanish, check out candles screenshots. His broker have 3 pips spread on oil. You can save a lot on that. It's oanda's platform, it have very fast fills and no messing around with quotes.
Just my 2cents
 
I doubt the ransquawk reader made a mistake, more likely a revised figure - get used to them, it's the price you pay for fresh info.
 
Quote from 00009:

Hey spanish, check out candles screenshots. His broker have 3 pips spread on oil. You can save a lot on that. It's oanda's platform, it have very fast fills and no messing around with quotes.
Just my 2cents
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i didnt look but is it with abn amro?

I use them and they are great. Excellent interface and you can scale your positions in commodities fantastically (I can go all the way down to about 0.5p per tick....!)
 
Quote from porph:

i didnt look but is it with abn amro?

I use them and they are great. Excellent interface and you can scale your positions in commodities fantastically (I can go all the way down to about 0.5p per tick....!)
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Cheers mate ive been looking at abn and they do seem ok tbh..

But the only thing i dont like about them is the speed that it takes to jump in and out of trades, and the number of clicks it takes you. :/

But i trying them out on demo account.
 
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