5% - 10% profit per day trading

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2 trades got stopped out with 70 & 80pt stop losses at about £12-14/pt.

No biggie, 1 or 2 trades are insignificant in the grand scheme of things.

Considering the short side today.
 
Ive added my 1st oil long as oil touched $52.68, that is just £1 per tick.

have put an order to add 2 more if oil can manage to go and touch 52.26,
but there is EXTREMELY strong support at 52.26 form the monthly / yearly chart.

If i can get filled on those 3 then i will just be waiting till about 4pm+ before adding more once the shorts start to have to cover and oil starts rising, so il justbe buying into the trend then.


Got a big solid $7 stoploss on these trades though, so its getting serious now again, cos im not in the mood for all this horsing about with oil!! :D :p :/
 
Quote from porph:

2 trades got stopped out with 70 & 80pt stop losses at about £12-14/pt.

No biggie, 1 or 2 trades are insignificant in the grand scheme of things.

Considering the short side today.



What market has even had an 80ticks range today??!:eek: :confused:

You been cashing in off the dow's sideways range??



I just cashed in that oil long at $52.99, but only made £18 from it! :/

Also cashed in a Hbos long that i had bought at its low 2days ago, at its high spike today for £24.


Im feeling pretty deflated though today, almost feel cheated and exploited!! lol

Cos ive worked the hardest ive done in ages, had to use tight stops, have to wait for perfect entries, and be pip-perfect on my exits...,
and ive done that for all my trades so far today,
yet its been 4hours now and yet ive only earnt £47! :eek: :confused: :(
 
morning.
Only traded one short very early this morning for a 90 pips profit giving me £410 for the day. Might take the rest of the day off and do some gaming lol.

Will post screenshot tomorrow - looks a dead cert that i will have £30k in there tomorrow :)
 
WHat market you got that form jakker??


Im getting very nagry again cos i just bought aud/usd as my sb firm flicked a buy at 6224.

It filled me and showed on screen 'long from 24', but it wasnt showing me the proper profit when market rose.


I then closed it for what should have been nearly 20pips profit,
but instead teh fucking thing then showed in my history that it now chnaged its fill for my entry to 6240!!! :@

And so just gave me a 2pips loss!!
 
The losses were from overnight trades that I didnt think through. As I base position sizes and stops on atr, when volatility decreases I increase my position size and decrease the stop distance.

Its not perfect but it works for me.
 
What is atr?


I added 1 long as oil hit and settled at 52.52, added another few mins later as it was still holding there and looking to rise, so added it from 52.53,
and am about to go get my daily kebab now but have left order for a 3rd long if oil falls to 52.26

And the target for this trade is at 58.66


Although if we get a good shotrs squeeze today we could be seeing 60+!! :)
 
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