5% - 10% profit per day trading

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Check out this artlicle spanish very interesting.

http://www.precisefutures.com/free_doc/doc_1.html



Quote from spanish89:

Ive just puked up 2x :'(


I lost total £1,136 today!!

loss from yesterday ive got a total loss this week of £3,098!!!!!!!! :'( :'( :'(

barely left with £1,000 profit for the month!


Took a loss from that oil trade of just over 700quid, with the profit from teh dow short it was a loss of £526



I just cant beleive how crap this week has been for me!! :'(


Everyday this week ive just been off by 1day!!!! :'(


I gna go n lie down cos fele liek puking again
More...
 
I got in at 8386.9 at about 20:11 mainly due to the speed at which it had rebounded and the massive volatility earlier in the day indicating to me a massive struggle between buyers and sellers. I missed the initial action but waited till it first pulled back and then resumed before going long with quite a tight stop at 8296. Cashed half at 8507 and the rest at 8573.

Ill post results after tomorrow trading.

I may withdrawn 15-20k soon just for a rainy day.
 
Quote from pocrel:

i know how you feel spanish we were bullish for the last few days and it was coming went short a few times today and got fucked and just ruined my day for that lovely long bounce ce la vie my friend it hurts and i am hurting like you but fuck we wil make a fortune soon stay positive everyone has ups and downs fella
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Thanks mate.. :) :(


I am gna scale back down to £2 t £3 tick max, no matter how great an opportunity it looks.

Since back when i was going for a target of just 100 t 150ticks per day at £2 per tick i was hitting that £250 / £400 level everyday.


But now that ive scaled up, im being offered £300+s, but always now turn it down as want to have more pullback and for it to continue trending in that direction.
And so miss out on getting that cash and getting out.

And then when it goes against me, even if its only 50 t 80ticks which can hapen in a few seconds,
thats already hitting at £500+ loss!

And when it slides down to over 1dollar offside its already engulfed 10% my capital! :(


I just hope that from tomorrow i can shake this unlucky phase of, and get back to a bouncy ranging market again, with no more of this huge trend lines that just keep going on and on for the whole day!!
 
Quote from porph:

I got in at 8386.9 at about 20:11 mainly due to the speed at which it had rebounded and the massive volatility earlier in the day indicating to me a massive struggle between buyers and sellers. I missed the initial action but waited till it first pulled back and then resumed before going long with quite a tight stop at 8296. Cashed half at 8507 and the rest at 8573.

Ill post results after tomorrow trading.

I may withdrawn 15-20k soon just for a rainy day.
More...


Do you and jakker basically 'momentum trade' then??

Cos that seems like it would have been the only sort of style of trading that would have worked over these last few days.


And how do you not get put off by looking at a days / weeks range, and not buying if market is too near to the previous highs, or selling if its too near to its previous lows??
 
Quote from spanish89:

Ive just puked up 2x :'(


I lost total £1,136 today!!

loss from yesterday ive got a total loss this week of £3,098!!!!!!!! :'( :'( :'(

barely left with £1,000 profit for the month!


Took a loss from that oil trade of just over 700quid, with the profit from teh dow short it was a loss of £526



I just cant beleive how crap this week has been for me!! :'(


Everyday this week ive just been off by 1day!!!! :'(


I gna go n lie down cos fele liek puking again
More...

Playing a bit too risky for your account size, eventually you will get smoked, unless you are good ;)

Too bad you're account value that is in british pounds is working directly against your profits in value. GBPUSD touched 1.45 today lol
 
I go with the flow to be honest. I dont prescribe to the sell when its high, buy when its low theory.

For me you can buy low sell high or buy and high and sell much higher...
 
I notice a few of you on here are using ABN AMRO accounts. Am I right in thinking this is a CFD platform and not spreadbetting? Do you pay capital gains tax? I'm looking for a new spreadbetting firm as my current one is unreliable and i heard good things about ABN, but looking on their website it says its CFD trading.
 
hey spanish, have you ever thought about automating your trading? i suck at keeping my emotions in check, and it appears as if you're the same way. think about it.. a purely mechanical system doesn't have emotions. if you can work a winning strategy into code, i can almost guarantee you'll be much happier.
 
Quote from auspiv:

hey spanish, have you ever thought about automating your trading? i suck at keeping my emotions in check, and it appears as if you're the same way. think about it.. a purely mechanical system doesn't have emotions. if you can work a winning strategy into code, i can almost guarantee you'll be much happier.
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Thanks for the idea mate, but my entire trading technique is based on human emotions and human eyes...

I dont think an 'automatic system' can work in the stockmarket for fundamental reasons.


And anways i need to keep on earning 40% profit per month MINIMUM just to pay my rent and food and stuff, so dount any system could earn me that much.



Im looking at the form for housing benefits, as if i had some guaranteed income each month then i wouldnt be under so much pressure to always have to get into trades and at such high levels...

But im not sure how i can get that by writing on the form that im unemployed, (technically spreadbetting is classed as gambling, so not a form of self-employment),
but how i could write on the form that i have no income, yet also not be claiming jobseekers allowance?? :confused: :(
 
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