yeah man got to shake that trade off. was about 750 usd just got caught short and it spiked on me. then had to go to school so i couldnt catch the late afternoon break down. tomorrow will be a better day just got to play it safe for a while. will keep you posted. im in the situation where im on the brink of a blow up ( cant post margin not completely zero) i got a saftey net off 350 usd. plan for tomorrow scalp for 2 points at a time 50 usd per point. and build it up.
5% - 10% profit per day trading
- Thread starter spanish89
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50 per point when you have low money and need to start rebuilding slowly from that??!! LOL
I guess its all or nothing in trading anyways,
so you may as well speed up seeing which 1 it is.
Dow is up 90points at mo, was up 140 about 30min ago,
and asia is recovering.
I need just under 300 points more rise to get my target hit.
Oil isnt doing anything much, down slightly even as dow rises,
but this oil down is just because of anticiation of the IEA cuuting next years demmand forecast.
So while this may not be as clear a 'sell the rumour, buy the news' as some other new releases are,
once the number comes, even if it is another lowering,
people will then start thinking that ''this demmand lowering is actually based on oil around the 120/30 levels still, not based on oil down at 60''!
And so if the price is so low that number will be over lowered.
Basically im not gna do anymore selling now as theres just so little room left below that it can go to and hold below,
so im now just going to focus on buying the down spikes.
I guess its all or nothing in trading anyways,
so you may as well speed up seeing which 1 it is.
Dow is up 90points at mo, was up 140 about 30min ago,
and asia is recovering.
I need just under 300 points more rise to get my target hit.
Oil isnt doing anything much, down slightly even as dow rises,
but this oil down is just because of anticiation of the IEA cuuting next years demmand forecast.
So while this may not be as clear a 'sell the rumour, buy the news' as some other new releases are,
once the number comes, even if it is another lowering,
people will then start thinking that ''this demmand lowering is actually based on oil around the 120/30 levels still, not based on oil down at 60''!
And so if the price is so low that number will be over lowered.
Basically im not gna do anymore selling now as theres just so little room left below that it can go to and hold below,
so im now just going to focus on buying the down spikes.
lol...already up £489 this morning, mostly whilst i slept 
2 profit target thingies hit when i was asleep overnight and i just tried a little short which is already in profit, but ive got quite a tight stop on that as im going shopping for a huge plasma TV and dont really know what im after. Just want something massive and flash.
2 profit target thingies hit when i was asleep overnight and i just tried a little short which is already in profit, but ive got quite a tight stop on that as im going shopping for a huge plasma TV and dont really know what im after. Just want something massive and flash.
Quote from blackjack666:
lol...already up £489 this morning, mostly whilst i slept
2 profit target thingies hit when i was asleep overnight and i just tried a little short which is already in profit, but ive got quite a tight stop on that as im going shopping for a huge plasma TV and dont really know what im after. Just want something massive and flash.
weheeee!!
closed this mornings short trade i posted for 120 ticks profit (*nearly another £500 )Nice 1 jakker.
Whats the sp500 like to trade in liquidity??
I got caught out by the dow opening lower, but i raised my s/l by about 180points up to now putting it at 8260.
Cos i dont like having to trade the dow at all.
On oil i wathced that spike down, waited for all 3 legs down, then scaled in £3 buys from the 57.26 area.
Then about 15mins later i heard the news that the opec minimister says opec are gna meet on nov 27 or 29th + december,
so i added £1 more,
and oil started rising about 7seconds after that!
Keeping this trade not too big, £4 long from average 57.40
Target set at 60.26
and oil started rising
Whats the sp500 like to trade in liquidity??
I got caught out by the dow opening lower, but i raised my s/l by about 180points up to now putting it at 8260.
Cos i dont like having to trade the dow at all.
On oil i wathced that spike down, waited for all 3 legs down, then scaled in £3 buys from the 57.26 area.
Then about 15mins later i heard the news that the opec minimister says opec are gna meet on nov 27 or 29th + december,
so i added £1 more,
and oil started rising about 7seconds after that!
Keeping this trade not too big, £4 long from average 57.40
Target set at 60.26
and oil started rising
Arrrgghhhh i dont know why ive been struggling so much recently!! 
While i do trade of price action, i will always trade of logic and fundamentals over a chart,
but everything justs keeps crashing and sliding down now!!
With no range or bounce!
I just dont understand this though and how and why this is happening still, and i so i keep fucking up!!
While i do trade of price action, i will always trade of logic and fundamentals over a chart,
but everything justs keeps crashing and sliding down now!!
With no range or bounce!
I just dont understand this though and how and why this is happening still, and i so i keep fucking up!!
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