5% - 10% profit per day trading

[spanish89]

K just added ANOTHER buy to oil, but with a tightish stop (tighest allowed of $1), so max i can lose form it is £100, an di got that trade in at $63.16.

I did it following this huge spike in the dow back up to to high of the day, up nearly 5% even with that low consumer confidence report, and the rumour about japanese government gna cut interest rate.


This dow rise hasnt yet bene priced into oil, as usa and uk traders all seem to just be ignoring oil completely for the majority of the day, and so all the real actual movement comes overnight in asia.


And this 5% rise in dow will definitely rally asia!

 

[spanish89]

Quote from blackjack666:

hello every1.
Just took the morning off in the end, instead of the whole day.
Didn't even trade crude today but took 120 pips from the dow at £4 per point! giving me another nearly £500 for half a days work.

13.5 k in the account now!

Well done mate

You were long on it??


I still dont get how you can afford to take the risk of trading at £4 per tick from such low capital though...??! :eek: :eek:



Im getting fucked off now cos oil keeps falling but i just dont get it??!!

I cant trade someting unless i understand the logic behind why its doing that, and cos i logically think oil should be bouncing back now i cant sell it but only buy it!



On what basis are you keeping on selling it though mate??

 

[blackjack666]

Just took 50 more pips on an oil short and that really should be me done for the day!

Hi spanish. That earlier post was a spx long. This latest trade was my first oil short today. Just tried a short because everytime it tried to rally it got smaked down again, lol.

Dont always do £4 per point. Although I thought you sometimes trade similar stakes dont you?

 

[choc13]

what are you basing your entry/exit on blackjack?

 

[spanish89]

Oooh you trade brent crude i see, not nymex.

Dont you watch the dow though and trade oil off that???

And dont you think that there will be a big pullack retractment soon, as we have dropped $50s in under 1month!!!??? :eek: :eek:


Youve been doing more sucessful than me recently though as you have sold oil, when i have been buying mid range, and then only been making a few hundred per day (£916 last week), instead of a few hundred ticks per day like you.

 

[spanish89]

Btw dow rocketing now, nearly 6%!!


I just so sooo much hope this doenst start rallying oil, especially overnight, a these fuking usa twats dont seem to care about buying oil!! LOL

 

[porph]

alright guys. Bust through the 7k mark and looking at well over 8k NAV.

Who knows what's going to happen next, I suppose it's beside the point.

Will post a screenie in a bit aslong as I havent blown up by then!

 

[spanish89]

K ive retried another buy from 63.17 (100ticks s/l), simply because of that hige move in the down that just isnt getting priced into oil at all yet!! :eek: :eek:

Its almost like oil is closed down toay or something!


Dow up nearly 8% now though, and asias are already up 5%!

 

[wee man]

Quote from spanish89:

Btw dow rocketing now, nearly 6%!!


these fuking usa twats dont seem to care about buying oil!! LOL

I am an American and that comment was grossly insulting.

It would appear that neither Spanish nor English is your first language.

 

[spanish89]

Quote from wee man:

I am an American and that comment was grossly insulting.

It would appear that neither Spanish nor English is your first language.

lol

Toughen up mate, this is the traidng world..

Nothings personal.
id been hating all arabs if they suddendly announced they were gna increae production by a few million barrels!

Would even be searing about teh spanish goverment if they announced a huge oil find of billions of barrels in spain!



I meant the USA traders who are ignoring the dows rise and not buying oil up.