5% - 10% profit per day trading

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eh? I dont think it works quite as you state.

OPEC is just a group/cartel that coordinates their policies with regards to oil production.

They determine production amounts and the price is determined by this supply and the demand (which is falling). The price is determined on the exchanges.

There are many non-OPEC countries who can supply crude and if particular countries refused to supply it then they would lose the business and ultimately a lot of money.
 
Quote from porph:

eh? I dont think it works quite as you state.

OPEC is just a group/cartel that coordinates their policies with regards to oil production.

They determine production amounts and the price is determined by this supply and the demand (which is falling). The price is determined on the exchanges.

There are many non-OPEC countries who can supply crude and if particular countries refused to supply it then they would lose the business and ultimately a lot of money.
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Making me feel rather foolish now... (Blush) lol

Ahhh more beer will get me back out of reality! :)
 
Quote from Armstrong:

How you deal with loss is what make professional (disciplined) trader.

Go easy with alcohol.
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lol

Dw mate it takes ALOT to get me drunk.. :(:(

Gone through a bottle of white zinfandel wine and a 1litre bottle of white rum, but still fully sober. :(


the only thing that gets me drunk is champagne..,
and that is really just taking the fuking piss when you have hugely bad days and then have to go out and waste more money buying champagne just to get drunk!! LOL :p

Theres rubbing it in, but that is just taking it too far! lol



Im actually taking todays loss quite well though surprisingly.

The dow trade, well that was unlucky, but i knew that with dow being so wild at moment what the risk was, and so i knew this could be 1 of the 2 possible outcomes.


I got fucked over today on oil because of pure bad luck.
but with dow crashing it will be dragging asia down, especially with yen getting stronger.
And so that will drag oil down.


If oil wants to be forced down even lower by the last few stragglers who wnat to sqeeze every pound profit that can be made out of selling oil then il just sit back and watch it.. :)


I gna start piling in my longs when it drops to the 52.68 or lower.

Hopefully it could playout that we get big spiking down tomorrow, but then the inventories come, big undersupply,
oil rockets and takes out all the stops of the fukkers above, causing oil to surge even higher.



Cos no matter how bearish you are on oil demmand / even more bad economic stuff happening that hasnt already been priced into the markets,
oil will 1day soon get to such a low that even if wall street falls to 5000, oil still just couldn't fall below that level as itd be at the production cost.
 
you are obviously know your stuff . What matter is hit your weekly/monthly targets. Individuals days can vary sometimes.

By the way Spanish check out thesee guys www.futuresbetting.com They are the best spread betting firm there is with very tight spread and very fast execution.
www.Igindex.com charge 9 points spreads and open 24 hours.

I am not working for them but i have got account with both of them.

I don't expect oil to touch 52.68 tomorrow. Btw i am looking at light crude december contract by IGindex. At the very least should rise by at least 2%. The nikkei has fallen by over 4% and hong kong over 7% so far as i type and oil has barely moved.

This suggest to me it need any encouragement to go up as is very oversold.

But then again anything can happens that why people use stops

All the best tomorrow.



Quote from spanish89:

lol

Dw mate it takes ALOT to get me drunk.. :(:(

Gone through a bottle of white zinfandel wine and a 1litre bottle of white rum, but still fully sober. :(


the only thing that gets me drunk is champagne..,
and that is really just taking the fuking piss when you have hugely bad days and then have to go out and waste more money buying champagne just to get drunk!! LOL :p

Theres rubbing it in, but that is just taking it too far! lol



Im actually taking todays loss quite well though surprisingly.

The dow trade, well that was unlucky, but i knew that with dow being so wild at moment what the risk was, and so i knew this could be 1 of the 2 possible outcomes.


I got fucked over today on oil because of pure bad luck.
but with dow crashing it will be dragging asia down, especially with yen getting stronger.
And so that will drag oil down.


If oil wants to be forced down even lower by the last few stragglers who wnat to sqeeze every pound profit that can be made out of selling oil then il just sit back and watch it.. :)


I gna start piling in my longs when it drops to the 52.68 or lower.

Hopefully it could playout that we get big spiking down tomorrow, but then the inventories come, big undersupply,
oil rockets and takes out all the stops of the fukkers above, causing oil to surge even higher.



Cos no matter how bearish you are on oil demmand / even more bad economic stuff happening that hasnt already been priced into the markets,
oil will 1day soon get to such a low that even if wall street falls to 5000, oil still just couldn't fall below that level as itd be at the production cost.
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:cool: :cool: :cool::cool::cool:
 
Managed some well timed dow trades and a well timed crude sell this morning. Up about 2.9k so I dont really need to trade anymore today. I hope people used the dow pull back to get out of there long positions?
 
good morning guys i see the rich are still getting richer well done i have no idea how ye are calling it so consitent all the time but hey, so do you ye think today is the long day surely it must be but i wont be risking to much on it, made about 70pounds today shorting dow and long on oil, but on the side lines now its hard to say which way its going go. i dont think spanish is up and about that wine and rum mix must give him a great night sleep :D
 
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