5% - 10% profit per day trading

[spanish89]

Quote from wee man:

I think that's a margin call not a stoploss.
:eek:

Margin call?? lol

I use a spreadbetting firm.

 

[spanish89]

Quote from porph:

Great movement on the ftse today. Made 50% of my account today...

I have been looking at oil recently and I cannot fathom it really so Ive stayed away.

Spanish, do you not think of perhaps looking at something else to trade that behaves slightly more logically?

Glad you recovered some of your losses but jeez 7k credit card debt when you have a few grand to your name?

50% profit in 1day??

How much you had in your account to start with?? lol


And i sort of got carried away with the furniture, lighting, tropical plants.. :/

 

[porph]

Quote from spanish89:

50% profit in 1day??

How much you had in your account to start with?? lol


And i sort of got carried away with the furniture, lighting, tropical plants.. :/

It wasnt huge, £5641 at the start of the day. Excellent day though, perfectly timed to pay car insurance (group 20 car )

 

[candles]

what a sweet day.
A coulple of big longs and each of those green circles is me taking pieces of profit. Averaged about 150 pips so far today. Flat now.

Everyone else?

 

[spanish89]

Quote from candles:

what a sweet day.
A coulple of big longs and each of those green circles is me taking pieces of profit. Averaged about 150 pips so far today. Flat now.

Everyone else?

Well done mate..

You didnt cash in on the oil crashes today though??

I wanted to get in on the morning 1, but was sleeping till too late.
(It took me out of 100 loss to a £35 profitable trade atleast though) lol


And then i continued attacking the market like yesterday, doing £2 tick trades as we were about to go below $102, but closed off too early at support at 101.08 area.

Made £50 of a scalp trying to call the top of that spike, used 30tick s/l, but cashed in too early at 2nd support level.


But im now annoyed cos i jumped in trying to hop on the bandwagon, from the the 100.90s, with a £2 tick trade, that at point was in over £100 profit at 100.40s but i thought itd crash more,
and then as market was going back up i though it was gna crash so took a £1 sell from 100.87..


Ive got enough capital to put the stoploss at 107/8 for all 3 contracts, so il be safe as long as we dont see any nonsense from oil like it trying to rise ablove 104/5 area.


But im very sad n upset, cos whenever i don't make the chasing trade, the market crashes $1-3s and i miss out on all that money that i need.

But when i do make it, it always then ends up becoming a sell from the very lowest dip of the day (this is only clear after its up 80-100cents though).




SO now i dont get to whack on another £2tick trade from the mid 102s and cash in 400+ when we hit 100....,
intead have to sit here like and just watch+hope the market winds itself back down below 101, so i can just atleast confirm and keep my profit from earlier!!

 

[spanish89]

Today's closed trades (Full Trade History)
Contract Order # Date/Time Buy/Sell £/tic Tic Size Price Profit/Loss
Nymex Crude Oil - Oct Daily Fut
Nymex Crude Oil - Oct Daily Fut 5685076 11/09/2008 14:03 Sell 1 0.01 103.37
Nymex Crude Oil - Oct Daily Fut 5685161 11/09/2008 14:13 Buy 1 0.01 102.87 £50.00
NymexCrude Oct Fut - 19 Sep, 08
NymexCrude Oct Fut - 19 Sep, 08 5681415 10/09/2008 18:25 Sell 1 0.01 102.24
NymexCrude Oct Fut - 19 Sep, 08 5684116 10/09/2008 18:25 Sell 1 0.01 102.24
NymexCrude Oct Fut - 19 Sep, 08 5684116 11/09/2008 12:09 Buy 1 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5684121 11/09/2008 12:10 Sell 1 0.01 102.13
NymexCrude Oct Fut - 19 Sep, 08 5684304 11/09/2008 12:36 Buy 1 0.01 102.00 £24.00
NymexCrude Oct Fut - 19 Sep, 08 5684304 11/09/2008 12:36 Buy 1 0.01 102.00 £13.00
NymexCrude Oct Fut - 19 Sep, 08 5684311 11/09/2008 12:38 Sell 2 0.01 101.79
NymexCrude Oct Fut - 19 Sep, 08 5684399 11/09/2008 12:47 Buy 2 0.01 101.96 £-34.00
NymexCrude Oct Fut - 19 Sep, 08 5684505 11/09/2008 12:56 Sell 1 0.01 101.84
NymexCrude Oct Fut - 19 Sep, 08 5684510 11/09/2008 12:56 Sell 1 0.01 101.84
NymexCrude Oct Fut - 19 Sep, 08 5684510 11/09/2008 12:57 Buy 1 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5684549 11/09/2008 13:03 Buy 1 0.01 101.74 £10.00
NymexCrude Oct Fut - 19 Sep, 08 5684558 11/09/2008 13:05 Sell 2 0.01 101.60
NymexCrude Oct Fut - 19 Sep, 08 5684766 11/09/2008 13:05 Sell 2 0.01 101.60
NymexCrude Oct Fut - 19 Sep, 08 5684766 11/09/2008 13:28 Buy 2 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5684910 11/09/2008 13:43 Sell 1 0.01 102.09
NymexCrude Oct Fut - 19 Sep, 08 5684916 11/09/2008 13:05 Sell 2 0.01 101.60
NymexCrude Oct Fut - 19 Sep, 08 5684916 11/09/2008 13:44 Buy 2 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5684920 11/09/2008 13:44 Buy 1 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5684920 11/09/2008 13:43 Sell 1 0.01 102.09
NymexCrude Oct Fut - 19 Sep, 08 5685061 11/09/2008 13:43 Sell 1 0.01 102.09
NymexCrude Oct Fut - 19 Sep, 08 5685061 11/09/2008 14:02 Buy 1 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5685277 11/09/2008 14:31 Buy 2 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5685277 11/09/2008 13:05 Sell 2 0.01 101.60
NymexCrude Oct Fut - 19 Sep, 08 5685307 11/09/2008 13:05 Sell 2 0.01 101.60
NymexCrude Oct Fut - 19 Sep, 08 5685307 11/09/2008 14:33 Buy 2 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5685317 11/09/2008 14:34 Buy 2 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5685317 11/09/2008 13:05 Sell 2 0.01 101.60
NymexCrude Oct Fut - 19 Sep, 08 5685324 11/09/2008 13:43 Sell 1 0.01 102.09
NymexCrude Oct Fut - 19 Sep, 08 5685324 11/09/2008 14:34 Buy 1 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5685621 11/09/2008 15:03 Buy 2 0.01 101.16 £88.00
NymexCrude Oct Fut - 19 Sep, 08 5685621 11/09/2008 15:03 Buy 1 0.01 101.16 £93.00
NymexCrude Oct Fut - 19 Sep, 08 5685631 11/09/2008 15:03 Sell 2 0.01 100.98
NymexCrude Oct Fut - 19 Sep, 08 5685698 11/09/2008 15:03 Sell 2 0.01 100.98
NymexCrude Oct Fut - 19 Sep, 08 5685698 11/09/2008 15:10 Buy 2 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5685791 11/09/2008 15:14 Sell 1 0.01 101.65
NymexCrude Oct Fut - 19 Sep, 08 5685856 11/09/2008 15:22 Buy 1 0.01 101.47 £18.00
NymexCrude Oct Fut - 19 Sep, 08 5686075 11/09/2008 15:44 Sell 1 0.01 100.83
NymexCrude Oct Fut - 19 Sep, 08 5686809 11/09/2008 17:08 Buy 2 0.01 0.00 £Stop Loss Move
NymexCrude Oct Fut - 19 Sep, 08 5686810 11/09/2008 17:08 Buy 1 0.01 0.00 £Stop Loss Move

 

[candles]

im short oil for a scap now. few seconds ago.

 

[candles]

making me 15 pips. Moved stop th BE now

 

[spanish89]

Quote from candles:

im short oil for a scap now. few seconds ago.

Where you enterd??

And you going for the low/mid 100 level??


Btw can i ask what technique/skill you use for accurately judging, when oil is on a vertical spike and moving 20cents per second, when it stops for abit to workout whether its a temorary pause,
or the spikes over, and time for pullback trend to come??

 

[candles]

covered for 26 pips.
Thats me done for the day now.