5% - 10% profit per day trading

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Slow say for me so far.
System was looking for negativity today in the SPX which it has got, but I doidn't trade it very well, closing out my trades too quickly, as i am wary of a snap-back rally attempt.
So far up 44 pips on the day at £8 per pip.

Cant be bothered to post a screenshot today.

Good luck
 
now we're talking.
Been waiting for the "snap back rally" mentioned in the previous post.

Up about 120 pips now so much more like it. Might post a screen shot in a bit.....
 
Seems like you've had an excellent couple of weeks? What's the basis of your strategy?

I only consider S/R, trend lines and price action.
 
About 40% of my trades are basically the same things as you mention. Price action, S/R etc.

The other trades are based on a system I designed for a long time and took live about 9 months ago. I simply enter information into an excel spreadsheet throughout the day and wait for a signal to buy or sell.

I've got alot to learn, and this month has been partuicularly good to me. However, maybe its studying starting to pay off. I've been staring at charts and trading nearly full time since I was 16 years old. (best part of 10 years. )Some patterns are almost built into my subconsious which makes up my very short term trades/scalps. Almost instinct.

Important to remain humble though. The market hates a smart ass!
 
Quote from spanish89:

And now i am focusing more on being a market predator...
SO instead of just getting into trades, floating around hoping and waiting for the trend to fall in my favour, i make less trades, waiting for extremely certain profitable trades, and hit with £2 per tick instead though. :D :p [/B]
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Well done Spanish - you are really working on your trading education, strategy and trading psychology development, which should bear fruit, particularly so in the longer term when some of this uncertainty ends and we get back to some sense of normality ................whenever that will be

Charlton
 
Quote from candles:

About 40% of my trades are basically the same things as you mention. Price action, S/R etc.

The other trades are based on a system I designed for a long time and took live about 9 months ago. I simply enter information into an excel spreadsheet throughout the day and wait for a signal to buy or sell.

I've got alot to learn, and this month has been partuicularly good to me. However, maybe its studying starting to pay off. I've been staring at charts and trading nearly full time since I was 16 years old. (best part of 10 years. )Some patterns are almost built into my subconsious which makes up my very short term trades/scalps. Almost instinct.

Important to remain humble though. The market hates a smart ass!
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Sounds similar to myself though only been trading for 3 years (though did a finance degree).

I still have a long way to go but its a bloody thrilling game... :D
 
Quote from Charlton:

Well done Spanish - you are really working on your trading education, strategy and trading psychology development, which should bear fruit, particularly so in the longer term when some of this uncertainty ends and we get back to some sense of normality ................whenever that will be

Charlton
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Cheers mate.. :)


That stupid £6 loss that i took when i closed that final trade is really really bugging me now though!! :( :mad: :mad:

I had done that trade at only £1 tick, but so it was meant to be a floater trade, and had set target level at 104.67...,
i only closed it cos oil trend was just too mixed and dollar wasnt getting muhc stronger and it was too uncertain for me.. :(


If id stayed in it though itd have been £400 more today!! :mad: :(
 
Ooooooh today has been 1 of the easiest days to trade for a LONG LONG time now!! :D :p

I wokeup at 2.30pm today, was a bit unlucky to lose 30quid on a buy with a tight stoploss trying to catch the falling dagger, missed it by 2 ticks cos stoploss, and so lost 30 instead of an easy 60 - 80.


But after that it was just free for all selling!! :D

So made 258 today of the easiest money ever, and that was even after missing a few very nice 50 t 90 tick gaps after i cahsed 2 trades in.


Ive now got a nice loose sell trade in from 106.39 (i knew i could have got better entry at 106.60 but ive gotten lazy+greedy) lol

And my target lever that ive set for that is 103.09
And thats at £2 tick.



How everyone else has done today??
 
One of my best days too - money wise (not points wise)
Bought HEAVILY (at least for me - £12 per pip) in the afterhours last night and closed the majority of it for +200pips!

Made another 25 pips around lunch time and probably about to take a small loss on a current trade.

sweet day
 

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Quote from candles:

One of my best days too - money wise (not points wise)
Bought HEAVILY (at least for me - £12 per pip) in the afterhours last night and closed the majority of it for +200pips!

Made another 25 pips around lunch time and probably about to take a small loss on a current trade.

sweet day
More...



LOL

How how does it feel ot be making a few thousand per day almost most days??? :confused: :eek:
 
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