5% - 10% profit per day trading
- Thread starter spanish89
- Start date
- Status
Aloha mate, im really sorry to hear that you got caught out by yesterdays false range rallies..
For oil, i duno, it could and is trying as hard as it can to test 59-56 levels, however it wont be able to stay there for long, especially when opec step in and say something again, and depending on the oil numbers coming thursday.
+ if dow rises oil will rise.
SO you will either double up on both, or take a double hit, so got the strain on you.
If you are going to stay in your dow trade though cos you do think dow will rise, like i do, especially after falling 600points straight down trend over last 2days its due a bounce.
BUT if you are going to keep your dow trade on id strongly suggest you adding about 1/3 more longs quickly now at this 8600 level.
Since that way you will get a new average price of maybe 8850, instead of around 9100 or wherever you got in.
So then all you need is a 200points pullback in dow, after alling this 600, so only 1/3, and you will break even on that trade mate.
Dow rises more than the 8800s and you actually make profit.
lol
Um theres alot more to my style than just jumping into random trade,s random directions, but just whacking on a giant stoploss and then everything will workout in the end! :eek: LOL
If it was that easy everyone would be doing my style and be millionaires.
I use big stoplosses for some trades when im trading oil, but i can only do it cos i know how oil moves, and so when i see $5s t $8s straight line moves, or oil at certain levels, or dow n dollar doing certain stuff,
i know that theres nothing else oil can do execept have to take pullback, and i quite accurately know where it will pullback to.
The only factor i have no way of knowing is how many other little spikes down it will choose to do after i get my trade in.
And so i can use such big stoplosses so i can have control of the trade, not be bound by the market, and then cos i know how the markets and oil are going to work and how people who are making these trades will have their minds think and what they will do when they see their screens, and so how they will react and take profits therefore casuing pullback surges.
Thats how i make so much from so little capital.
Its honestly not 'easier' though mate.
Ask jakker n he will tell you, it works alot more effectively, but only providing you get it right.
Unlike other style sof traindg where you can mumble and bmble along, getting some trades wrong, some trades right, even lots of wrong 1s but tyr to endup making profit...,
with my style you cant get it wrong and cant make mistakes or misjudge anything ever.
I really hope the markest do reverse for you now though mate.
Dow certain is due a big pullback, but nothing much will happen till after 8.45 uk time when dow closes.
I just took a loss of £254 on that corn trade too!!
Followed taht stupid jim rodgers tip saying that hes buying and even stealing loads corn, so i joined in.
interesting thoughts on adding to it but i dont think i have the balls for that may just close out the loss and live to fight another day, that sike down in oil yesterday got me quickly also the dows pulll back seem like it could back to its lows as the news is not great nothing but doom and gloom, i need to go back to tighter scalping
Sorry to hear that mate.
Il be in the chatroom now.
Wonder where jakker is and how comes he never comes in here during the day! lol
I bet you hes made a few hundred quid atleast again today though as he trades these straight line trend moves and is still bias to selling even at these low levels.
Il be in the chatroom now.
Wonder where jakker is and how comes he never comes in here during the day! lol
I bet you hes made a few hundred quid atleast again today though as he trades these straight line trend moves and is still bias to selling even at these low levels.
just closed out everything
erial No |Date |Dealer |Action |Stake |Description |Opening Price |Closing Serial |Closing Price |Profit/Loss
3444081 |11/11/08 |WEB |Sell |-1.00 |WTI LIGHT CRUDE - JAN |6406 |3454945 |5949 |-457.00
3440218 |11/11/08 |WEB |Sell |-1.00 |WALL STREET - ROLLING FUTURE |9133 |3454895 |8578 |-555.00
3440339 |11/11/08 |WEB |Sell |-1.00 |BG GROUP - ROLLING |1018.0 |3452129 |917.1 |-100.90
well pissed off but tomorrow is another day
cheers for the advice spanish just cant take the risk at the moment of another long position its a mind thing, i feel you are right but about going long still but hey what can you might hit the pub instead ha
erial No |Date |Dealer |Action |Stake |Description |Opening Price |Closing Serial |Closing Price |Profit/Loss
3444081 |11/11/08 |WEB |Sell |-1.00 |WTI LIGHT CRUDE - JAN |6406 |3454945 |5949 |-457.00
3440218 |11/11/08 |WEB |Sell |-1.00 |WALL STREET - ROLLING FUTURE |9133 |3454895 |8578 |-555.00
3440339 |11/11/08 |WEB |Sell |-1.00 |BG GROUP - ROLLING |1018.0 |3452129 |917.1 |-100.90
well pissed off but tomorrow is another day
cheers for the advice spanish just cant take the risk at the moment of another long position its a mind thing, i feel you are right but about going long still but hey what can you might hit the pub instead ha
Pocrel you have to make a tough decision. If i have the funds i would hold it for another 100 points after that id get out. That would be dow down 375 today. its your decision to if you think it will fall that far today. I think money will come into the market tomorrrow after the holiday. But in the mean time anything can happen with light vol. today. Dow could find support today at 825. Hope that helps.
Man tough market today light vol is a killer so many fakes. up 75 so far this morning. Porph last week i posted i would start trading agin this week. so this is day 1. Was down 300 but but i stomached it because i saw weakness to be positive so far. Kind of hard to do that with only 1633 starting lol.
Man tough market today light vol is a killer so many fakes. up 75 so far this morning. Porph last week i posted i would start trading agin this week. so this is day 1. Was down 300 but but i stomached it because i saw weakness to be positive so far. Kind of hard to do that with only 1633 starting lol.
hello guys.
Made £411 from a dow short. Closed it way too early though
Lost some on GBP but made more on the YEN. Up £464 for the day.
PS - I don't come in here during the day much as i find it messes up my concentration when reading everyones views too much. Just like it whe it's me v's the market!
Seeming very easy now to be making fairly decent money per day. Will post screenshot end of week - hopefully hitting my target of 21.5k
Bumped into an old work colleague today. He couldn't believe what i make now compared to working there just a few months ago lifting heavy boxes all day!!
Made £411 from a dow short. Closed it way too early though
Lost some on GBP but made more on the YEN. Up £464 for the day.
PS - I don't come in here during the day much as i find it messes up my concentration when reading everyones views too much. Just like it whe it's me v's the market!
Seeming very easy now to be making fairly decent money per day. Will post screenshot end of week - hopefully hitting my target of 21.5k
Bumped into an old work colleague today. He couldn't believe what i make now compared to working there just a few months ago lifting heavy boxes all day!!
Quote from blackjack666:
hello guys.
Made £411 from a dow short. Closed it way too early though
Lost some on GBP but made more on the YEN. Up £464 for the day.
PS - I don't come in here during the day much as i find it messes up my concentration when reading everyones views too much. Just like it whe it's me v's the market!
Seeming very easy now to be making fairly decent money per day. Will post screenshot end of week - hopefully hitting my target of 21.5k
Bumped into an old work colleague today. He couldn't believe what i make now compared to working there just a few months ago lifting heavy boxes all day!!
Welldone mate.
At what point did you get into the dow sell though??
And what made you think that even after yesterdays fall it would fall more today??
Im still in that fuking dow long!! LOL
I dont get what i must have doen so bad in a previous life to get such bad luck as this though!! :eek:
Everyday i trade oil its sideways mainly and then long long trends that have no pullback till right to the end, and they come out of nowhere...,
although whenever i get a trade in that trend direction the market then reverses back almsot instantly!!
But today, the 1day i trade the dow, after it being mad and wild ranging every other day of the month, yet i trade it, and it stays in teh same fucking 30points range for 3hours!!!!! LOL
Seriously just bloody fuking hell!! this is just getting beyond a joke now!!
I dont get what i must have doen so bad in a previous life to get such bad luck as this though!! :eek:
Everyday i trade oil its sideways mainly and then long long trends that have no pullback till right to the end, and they come out of nowhere...,
although whenever i get a trade in that trend direction the market then reverses back almsot instantly!!
But today, the 1day i trade the dow, after it being mad and wild ranging every other day of the month, yet i trade it, and it stays in teh same fucking 30points range for 3hours!!!!!
LOLSeriously just bloody fuking hell!! this is just getting beyond a joke now!!
- Status