5% - 10% profit per day trading

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K i just took a quick £62 quid after spread profit form that oil dip at £2 tick, so im very happy with £62 for a few mins work. :)

I got in abit late, as i had setup for a buy, but when i saw the market fall i had to switch over, and i bailed out quite early to at 71.15.


OIl is over sold now hough, and so itd just be gambling to keep trying to sell it down.

SO im instead waiting for a buy around the 66.98 area.. :)
 
K just nabbed another £70 buy buying oil at 69.31 and cashing in at 69.78. :)


S thats nwo £132 in the last 15mins of very safe trades with only 30ticks stoploss risked each time. :)
 
hey spanish89, what broker do you use ?

don't you need a 25000 $ account to be able to day-trade as you do ?

i can"t undestand how you can buy and sell many times as my broker (IB) limits my account to 5 days-trades a week
 
Quote from Elite Loser:

hey spanish89, what broker do you use ?

don't you need a 25000 $ account to be able to day-trade as you do ?

i can"t undestand how you can buy and sell many times as my broker (IB) limits my account to 5 days-trades a week
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Try looking at the difference between futures and stocks.
 
Quote from Elite Loser:

hey spanish89, what broker do you use ?

don't you need a 25000 $ account to be able to day-trade as you do ?

i can"t undestand how you can buy and sell many times as my broker (IB) limits my account to 5 days-trades a week
More...


Your broker limits your trades?? LOL

Thats why i would and will never ever use a fking brokerage firm, as why on earth would i let some fool, who couldnt make it as a trader so became a broker, handle my trades. :D

i use an sb firm instead so yes i pay ALOT LOT more in my comission fees than anyone else, but all my trades are executed and controlled manually by me now, no limits or interventions by anyone else.

And all these numbers of profits i post on here are all pure profit now, all tax exempt. :)



I made another £40 profit (feeling abit disappointed since i missed out on 70+ ticks in my last 2 trades as went for safer resistance exit levels), but thats now £214 for the day at £2 per tick, 4 trades 1 SELL, 3 BUYs. :)


And so im feeling extremely pleased with myself for the way and speed that ive had in managing to adapt to this completely new market, and have created a whole new technique of trading.


My target now is to instead of trying to gamble by working out and trading what the hourly trend is each hour, i will just take off the top of the top 2/6s of the market each day, and then come in and buy up the bottom 2/6s of the markets lowest end each day.

I use 2/6s not 1/3s, as since trading is such a rough thing i will try getting in as low as possible on the bottom 1/6 level, and hold out till as high as i can on the 2nd 1/6.
And same for the top.

Il be happy if i an get just over 1/6 at both ends though, as that will still add up to 1/3 of all the ticks of the market range each day. :)



And while i reall really did want to rebuy oil at 69.86 a few mins ago (now at 70.90),
i dont want to get caught holding any longs overnight, as its to risky to assum the chinese wont also sell down the oil because the inventory number.


And so i will take my £214 and leave the market for today, as thats not bad for exactly 59mins work. lol

And hopefully there will be a chnace to get some buys in around the 66.98 level tomorrow. :p
 
Well done spanish :)

Ive managed to take £555 so far today and am withing spitting distance of my £10k target and we haven't even got to Friday yet ;)

Tooooooo easy!!!!!!!!
 
Ok i caught a glimpse of that spike up from 70 to 71.50 just after i cashed up my longs, but instead of actually feeling anger or annoyance i just felt happy and excited as i saw a great opportunity.

And so couldnt resist just jumping in and taking the top of it, and took it down to the low spike at 71.10 for a after spread profit of £52.


So thats £266 for the day now, and £1,177 profit so far for the week at just £2 per tick. (didn't trade yesterday)


I thinking of getting a short in at 71.39 now, but cant be bothered to, as its too midway for me and im hungry for breakfast.. lol
 
Quote from blackjack666:

Well done spanish :)

Ive managed to take £555 so far today and am withing spitting distance of my £10k target and we haven't even got to Friday yet ;)

Tooooooo easy!!!!!!!!
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ooooh tasty :p


But how many ticks have you made though mate?? :cool: :D

As i distinctly remember our competition was about ticks, not £. lol


So if your trading at £4 per tick, than technically im still winning tickswise... :D
 
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