5% - 10% profit per day trading

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If dow is gna break this pyschological 8000 level then hopefull it will do it today or tomorrow.

If its gna beak through 7000 and 6000 i hope it just gtes on and does that fast too... lol



But dow isnt going to have its lowest placed conviniently at 8000.

The lowest low bottom will just be a random in-solid number that it will dip to, and then it just wont dip past that again, so will only be rising.


And so im going to try waiting till that, and then from thursday i can get a very very big long on oil from as low as possible, and just hold out till the end of the day, and then cash-in when this months short sqeeze comes!! :)

Then can sell that off, and just focus on buying.
 
Hey--Spanish--didn`t mean to hijack your thread but it seems you guys are having fun. Gets a bit quiet sitting here in the north of bonny Scotland .
 
Quote from mctom:

thanks--just tried with 100 point stop and picked up a quick 40 points. I`ll just have to adjust my thinking.
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Good to hear though was there a reason for exactly 100 pts? Im not one for hard and fast rules but I like to have a reason for entries and exits. That way you never look back and say, 'i wish id let that trade continue' because you know there was an excellent reason to buy/sell and a high probability of that outcome occuring.

I've not traded this afternoon as my boss is over from Germany for the week so need 100% focus on work...
 
No reason for 100 pts--only to give myself half a chance and use a mental stop of 50 ish. I figured if it goes to around 50 points adrift then I `ve got it wrong. I never like to lose more than 50 points as I feel rightly or wrongly that there`s always the next one.
 
Quote from mctom:

Hey--Spanish--didn`t mean to hijack your thread but it seems you guys are having fun. Gets a bit quiet sitting here in the north of bonny Scotland .
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Nah its fine mate, the more the merrier... :)

Gets lonely trading alone.


Ive seriously got to get out of this stupid lazy slacking off mode ive managed to drift into now though!!! :@ :(


Ive gotten so used to only actually putting in about 15 t 30mins of actual trading screen time per day,
since i used to just throw in my big trades, set the target levels, and then tried to just go away and not come back till i got it cashed in.

SO now im struggling to even put in a 40mins+ trading screen time per day.. :/



I feel i almsot need to have something terrible happen to my life that forces me to do it / makes me have nothing else apart from trading.

Like when my trading started fulltime in June it was cos i had just lost my fiance, so apart from crying and drinking all day i had nothing else left, and so traidng was my 1 escape and thing to do that ook my mind of sadness, so i was utting in 35 t 60hour sessions straight, knock out a quick 8hours sleep, then got back infront that screen.


Now ive moved to my apartment and have tv and memory-foam bed and kebab shop and porn through the net,
i just dont have that urge to get infront the screen at watch the markets and take the risk of losing my cash by getting into trades. :/



I just hope from thursday i can snap out of this.



Im about to check oil, and if it has gone above 56.92 so far today im gna be SERIOUSLY FUCKED OFF!!!!!
 
I could be wrong but it seems to me you gave yourself a bit of a scare the other day. Why not just get back in slowly.
I blew an account quite a few years ago and it took me ages to get back to it. Definitely trickier dealing with your own money. I used to think nothing of a 5m position with the bank`s money. No stops then on the open market.( hairy)
 
Quote from mctom:

I could be wrong but it seems to me you gave yourself a bit of a scare the other day. Why not just get back in slowly.
I blew an account quite a few years ago and it took me ages to get back to it. Definitely trickier dealing with your own money. I used to think nothing of a 5m position with the bank`s money. No stops then on the open market.( hairy)
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Thanks mate. :)

Yea it really really shook me up alot more than i even relaised at the time, just 1day seeing my account capital at such a level and my monthly and daily earning at the level i had been aiming for as my dream earning...,

Then suddenly look the next day and have just over half of that left now taht ive had to take out 1month more's rent and stuff.

(Had already withdrawn and spent over £2,500 during the month somehow.)



Im gna start at just traidng with lower money / wider stoplosses again when i restart on Thursday.
 
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