5% - 10% profit per day trading

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well i am now long oil again but still losing, also long the dow fucked on that and also long bg group, i am down 167pounds 1 pound a tick but oil must come back and the dow too, the bg bet is long term
 
Sigh

This dow is killing and seriously crushing me and my capital very hard!! :( :( :(


It pisses me off that to have made money today on oil i would have had to just gamble by seeing a big down spike in oil, and so deciding to just jamp on to the end of that.

:(



Just got to hope the pullback starst to come before too late this afternoon/evening, and before oil can fall much lower.
 
woohoooo!!

Will post screenshot later but have made another £600 so far today shorting everything and am over 20k!

great stuff porph. You shuold be trading full time!!
 
Quote from pocrel:

dow is fucking killing me today, whats the story with oil how low can it go?
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It shouldn't logically even be this low, as the opec countries all wanted 100+, then 90+ then went to 80+...,

But at sub 60 they will take off another 1million+ barrels per day off the market before the december meeting.



This dow move isnt really that wierd though mate.

I didnt look at a wide enough dow chart befre my oil trade, not that it would have been enough to put me off probably, but dow spiked from 8800 to over 9200, so 400points,s in a vertical straightline....,
and so this pullback of 300, while it may be looking overdone now, is really dow just leaving itself only up 100points from the last day traded.

So its not bad / not good.


I see dow going up to 9300 later today or torrow though based on the chart.
That is provding it goe sin uptrend tomorrow not down though, and as we have no news numbers out tomorrow it will be earnings reports probably that will sway it.



My oil trade is at £8 per tick, and i only have just over 10k in my account as ive had to do more withdrawing to breakeven on my bills. :(

So this is a hugely too big trade for my account, average price is from 62.98, so i really really cant afford to take the hit form this and have oil fall.

Not that the oil market is gna care about me and my life though.. lol
 
Quote from blackjack666:

woohoooo!!

Will post screenshot later but have made another £600 so far today shorting everything and am over 20k!

great stuff porph. You shuold be trading full time!!
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welldone mate.

On what did you base your shorting on though??
Instead of worrying that we could have another 10%+ spike like we did last week form this level??
 
Quote from spanish89:

welldone mate.

On what did you base your shorting on though??
Instead of worrying that we could have another 10%+ spike like we did last week form this level??
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Cheers mate.
I wanted to short it anyway cos like you say, when i woke up it was up loads in a straight line and i didn't think it would hold. Also a good trader i know of from a forum went short this morning giving me extra confidence :)
 
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