5% - 10% profit per day trading

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Well done guys.

What mad eyou switch from oil to the S&P jakker??
And in what style do you trade it??


I got stopped out on that oil trade from lastnight so lost £248, oil went 5ticks past my stop...,
and now rebounded back up past where i had entered!! :mad:


SO makes me pissed off that again i use a tight stoploss not my normal 1, and again i get fucked cos of it.



Gna go back to oil now though
 
Hey Porph -if you don`t mind me asking, what sort of stop do you use on Dow.. I keep getting stopped with a 30 point stop --obviously not enough but goes against the grain to use larger.
 
K ive just dropped my £2 sell from 55.75 (70ticks stoploss at 56.45)

Wanted to sell from 56.26, but oil didnt look like it was gna be able to spike up there as the rally ranout of steam.

Target level is at 54.86


Made trade 2mins ago, and in about £80 profit at mo.. :)
 
GRRRRRRRRR!!!!!!!!!!!!


i bailed on the trade at 54.18 (so i got priced at 54.24 with spread) and made £90


I bailed cos market spiked down very steeply, and so i didnt think it would spike even further to my target.


SO i cashed in and bought back for the pullback, but instead market spiked down more touched where my taget had been, but instead of making £60 and having £150 profit, i lost £60 and now left with only £30 profit!!! :mad: :mad:
 
Fantastic day scalping today. Im up over £600 and account is starting to pick up nicely. I may even hit £30k by the end of the week at this rate. Will post screenshot friday EOD

I mainly trade spx at the moment spanish. Sometimes oil still, but i have had lost of success on the spx and so am sticking with it.
 
Quote from blackjack666:

Fantastic day scalping today. Im up over £600 and account is starting to pick up nicely. I may even hit £30k by the end of the week at this rate. Will post screenshot friday EOD

I mainly trade spx at the moment spanish. Sometimes oil still, but i have had lost of success on the spx and so am sticking with it.
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Fucking hell your doing amazingly since you started mate!! :) :cool:


Are you trading in both directions??

Are you trading off spikes for the pullbacks?? Or if not what style of trading are you using when deciding to get into trades??

And what size stoploss are you using??
 
Quote from mctom:

Hey Porph -if you don`t mind me asking, what sort of stop do you use on Dow.. I keep getting stopped with a 30 point stop --obviously not enough but goes against the grain to use larger.
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I use a much larger stop based on the average true range but I also look at the price action and S/R to determine at what price I would be wrong and so would want to close the trade. In fact sometimes this may determine a 30-40pt stop tho I dont tend to go lower than that. Once the trade is progressing nicely ie 40-50pts in profit then I will trail a stop again based on price action looking at the price that would signal a reversal.
 
Im just trading the small timeframes at the moment. I think all this crazy volatility must be suiting me, but it wont last forever unfortunately. Stops are usually about 50 pips but they vary depending on how confident I am with the trade and my stake size. Sometime much bigger and sometimes I use tiny stops.
 
K ive decided im going to take the rest of today off, since ive earnt the £30 i need for today atleast... :/


Cos at the moment since my november contract ends tomorrow, (i never ever trade the last day of my contract anways), theres no point me trading today even as its still too near expiry.

I need to have time on my side when i trade so i have enough space to trade in.

Cant trade when i have time restriction imposed on me. :(
 
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