5% - 10% profit per day trading

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Quote from porph:

I'll stop selling it when the price starts going up..

In my opinion, price takes a long, long time to reflect reality.
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So if oil opened lower tomorrow and started going down more even, you would still be selling it?? :eek: :eek: :eek: :confused: :confused:
 
Quote from spanish89:

So if oil opened lower tomorrow and started going down more even, you would still be selling it?? :eek: :eek: :eek: :confused: :confused:
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I certainly wouldnt be buying. I usually wait for a small pullback against the long term trend before going short.
 
ACCOUNT FOR THE DAY: LOAD OF RUBBISH

Serial No |Date |Dealer |Action |Stake |Description |Opening Price |Closing Serial |Closing Price |Profit/Loss
3471794 |12/11/08 |WEB |Buy |4.00 |WALL STREET - ROLLING FUTURE |8301 |3471800 |8292 |36.00
3471660 |12/11/08 |WEB |Buy |4.00 |WALL STREET - ROLLING FUTURE |8316 |3471665 |8309 |28.00
3471619 |12/11/08 |WEB |Buy |4.00 |WALL STREET - ROLLING FUTURE |8313 |3471642 |8299 |56.00
3471549 |12/11/08 |WEB |Buy |4.00 |WALL STREET - ROLLING FUTURE |8259 |3471553 |8251 |32.00
3471429 |12/11/08 |WEB |Buy |4.00 |WALL STREET - ROLLING FUTURE |8300 |3471482 |8286 |56.00
3471378 |12/11/08 |WEB |Sell |-1.00 |WALL STREET - ROLLING FUTURE |8306 |3471400 |8315 |9.00
3471348 |12/11/08 |WEB |Buy |3.00 |WALL STREET - ROLLING FUTURE |8276 |3471374 |8306 |-90.00
3471266 |12/11/08 |WEB |Buy |3.00 |WALL STREET - ROLLING FUTURE |8328 |3471275 |8315 |39.00
3471220 |12/11/08 |WEB |Buy |4.00 |WALL STREET - ROLLING FUTURE |8325 |3471230 |8316 |36.00
3471121 |12/11/08 |WEB |Buy |4.00 |WALL STREET - ROLLING FUTURE |8338 |3471149 |8330 |32.00
3467840 |12/11/08 |WEB |Sell |-1.00 |WALL STREET - ROLLING FUTURE |8456 |3471067 |8329 |-127.00
3467840 |12/11/08 |FIL |Sell |-1.00 |WALL STREET - ROLLING FUTURE |8456 |3470520 |8350 |-106.00
3467759 |12/11/08 |WEB |Buy |2.00 |WALL STREET - ROLLING FUTURE |8463 |3467788 |8483 |-40.00
3467703 |12/11/08 |WEB |Sell |-2.00 |WALL STREET - ROLLING FUTURE |8473 |3467722 |8450 |-46.00
3467606 |12/11/08 |WEB |Sell |-2.00 |WALL STREET - ROLLING FUTURE |8508 |3467617 |8519 |22.00
3467424 |12/11/08 |WEB |Sell |-2.00 |WALL STREET - ROLLING FUTURE |8518 |3467427 |8531 |26.00
3467322 |12/11/08 |WEB |Sell |-2.00 |WALL STREET - ROLLING FUTURE |8538 |3467386 |8543 |10.00
3467302 |12/11/08 |WEB |Sell |-2.00 |WALL STREET - ROLLING FUTURE |8539 |3467308 |8544 |10.00
3467227 |12/11/08 |WEB |Sell |-2.00 |WALL STREET - ROLLING FUTURE |8537 |3467229 |8551 |28.00
3467155 |12/11/08 |WEB |Sell |-2.00 |WALL STREET - ROLLING FUTURE |8508 |3467174 |8515 |14.00
3466941 |12/11/08 |WEB |Sell |-1.00 |WTI LIGHT CRUDE - JAN |5813 |3467081 |5815 |2.00
3458268
 
MY BIG LOSSES WERE WHEN I GOT STOPPED OUT as i was out prefer to trade when i am there in front of computer i could have made big profits except for the 2 major losses but going long is killing me, a for tomoorrow who knows i will go short and boom a big rebound
 
Quote from pocrel:

yeah but if the markets are or near there all time lows would nt you go long morph
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Making new lows is usually a sign it is going lower :confused:

He who picks bottom gets stinky finger..
 
He who sells markets after they have fallen very far and steeply should normally get fucked though! lol ;)

I know i did when i tried that on virtual account + the time si got angry at getting fucked by having no rebounds on real account and so going the previous direction of the market, just to get fucked.

And dont sell tomorrow just for the sake of it porcel mate.



Today we didnt do anything wrong by buying at the low spikes,
just had bad luck.

Im finally managing to accept that you just cant escape having good luck and badluck, no matter how skilled you are at trading.


Any other normal day you would have gotten market boucing around as sellers took profit, and buyers came in to buy up the lows.
Today was just another 1 of these weird irrational days that we have been having recently, when the market just goes in 1direction straight for 14hours!! :(



Look back to oil in the mid 60s though mate...

We go into the 60s range, but then it got stuck there for 2weeks.
It couldnt break higher than 68/70, but couldn't break below the 61/63 level either.


Then BAM!!!
1day it falls from 69 down to 64. (-7%)
next day it falls from 64 down to 59. (-8%)
Next day it AGAIN STILL falls from 59 down to 56. (-5%)


So thats now a $13s fall in a straight down line!! Or rather the price per barrel of oil just lost about 20% of its value in 3days!!!!

Fuk me, it does that for just 5days more and oil will be being given away for free!!! :eek: :D


Im looking for a really nice steep dip spike down to 52.68 at the LOWEST,
we get that, and im gna be hitting it at between £8 to £16 per tick!!! :D :p




All the twats who are given hundreds of millions of quid by the banks, so they have enough to move the market,
are all forgetting the basics of logic,
just like they all did when oil hit the 138+ level!!

I shouted back then that people couldnt afford the oil,
but no-one listened to me!!


But il shout it even louder here now-

THE BLOKES WHO PUMP, PACKAGE AND SELL THIS OIL AREN'T MUGS,
AND SO ARENT GNA TOLERATE BEING BOSSED AROUND BY A LOAD OF PONCY TWATS IN SUITS WHO SIT IN BIG OFFICES 1000S MILES AWAY FROM THEM PLAYING WITH MILLIONS OF QUID THAT DOESNT EVEN BLONG TO THEM!! lol :cool:



Seriously, ive run enough of my own businesses to know exactly how they will be feeling and reacting.

They run a business, selling oil.


Facts_______

*They all fix the oil price to $500 tomorrow, there will be worldwide outrage, people will hate it and only be able to afford to buy less oil,
BUT 95% OF PEOPLE WILL STILL BUY OIL, SINCE THEY JUST CANT LIVE WITHOUT IT!!

*The people who run the oil pumping businesses dont get that oil for free, no matter what rumours there are that they do!

They still have to pay for all the machinery costs for those pums, all the wages of the people who work, all the costs of finding that oil in the 1st place, the cost of getting that oil barreled up and ready for sale and shipping + all the other costs.
And the cost of living and wages just went up, even in middleast!

It costs Opec countries between $26 - $35s for that oil, and so they are going to want to be making ULTIMATE ULTIMATE MINIMUM atleast 100% profit per barrel (doubling up).

Especially since they aren't like some clothing shop or supermarket, amongst the millions of others, all selling the same shit.
They are all there is.
Thats it. There just isnt anywhere else customers can go to get the oil.

So if they arent willing to pay the lowest price asked then they will basically get told to fuck off by opec! :D


I may sound like ive been drinking and on some mad rant just babbling a load of shit, but im honestly not just talking nonsense. lol

They will have an ULTIMATE MINIMUM price of about $50s that they would be prepared to sell their oil at!
And that will be final...

No matter what the stockmarket may say is the 'price' of oil,
if the market screen says oil is $10s, but when you knock on the arabs door with your $10 note in your hand and they say ''NOPE, MINIMUM $50s, they will win everytime, since unless the Mymex exchange is planning on somehow ''stealing this oil'', then they are going to have alot of problems hosting oil being sold for prices that the people who actually have that physical oil just aren't willing to sell it at!! :D :p :cool:



And 1day in a few years time there will be an actual price floor put into the oil market chart at the lowest price that opec say they would ever be willing to sell that oil at.
 
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