5% - 10% profit per day trading

Status
Not open for further replies.
I`ll get me coat then!!! :p

Made a grand sum of £300 today so far. Was more but lobbed it back in a dodgy oil trade... just can`t get a handle on it today.
 
Taken some more points from the dow last night and this morning to hit the 100k mark which was my target for November. Going to try to double it in December.
 
Quote from blackjack666:Good stuff Spanish. Was your money made on trading your new method or with the spanish stop, lol?
More...



Aloha, nah i did that trade spanish style, as that was the perfect setup where the spanish style excels by far as the best!! :)

Since 10% spike up at nearly 90degrees angle, you actually almsot wnat it to go even further up even if you got yoru sell in, as the price is just liek a rubber band that the harder you pull it the harder and faster it will snap back down! ;)

I could have used a 25ticks stoploss on that trade if id wanted though since that wa sthe max it went against me, but i wanted to be safe though so did it spanish style.


Took a loss of £108 (54 points on the 2nd half of the dow sell yesterday), but dont mind as its still nearly £1,300 for the day.



Im feeling very very annoyed that even though i slept today as had been awake for so so long before and so wasnt planning trading today, i had a stupid girl round in evening so i didnt check the market!! :mad:


Which is seriously fucking me off since i could have doubled up yesterday's trade again today by taking the top of this oil spike!!! :mad: :(

(I did say yesterday morning that i saw an uptrend forming, and so my mate who i just started teaching how to trade on sunday night, i had told him to sell that rally when i did yesterday night, but had also told him to put a buy order (tight s/l) in at the level i saw on the chart as the uptrend that id seen forming).
Turned his £300 into over £1,000 now for him in his 1st 2days!! :)




Ive added a chart to show what i mean and the next target im looking and praying for.. lol

The diagonal line is where i had seen the uptrend channel starting on monday, (feel abit foolish cos i had got my buy in at $49.86 on monday, but only took 20ticks profit as was trending annek style only that day, not trading for midterm in spanish style) :/


But next trade scenario im hoping and paying for is that oil somehow manages to delay is pullback through tonight in asia and just flatlines, to maybe even managing to rise a few cents, so i can then slam the fuck outta it from 7am!! :D

If the 54.16 level holds overnight (very much doubt it will), but if it does then itd be the perfect setu to get a bounce back to the 55.69 level, and then i could whack on a huge sell from there with my target at $53.26!! :)

Would be the easiest money ive ever made.



Although this dow spike now just looks like a fuking joke!! LOL

And so i have a nasty feeling it may pop and take oil with it before 7am.. :'(




*Screenshot attached as its so much easier to see on chart
 

Attachments

GRRRRRRRR!!!!!!!!!!!


K now im getting triply pissed off!!! :mad: :mad:

Oil not only has crashed over $1 since the close at 9pm, so would be £750 profit so far if id checked the markets before the close!!

But i also just checked the inevntroy number, 7million+!!!

The 1 day that i dont trade the invenrtoy number, the ONLY wednesday that i havent traded it since i started trading, and it happens to be the 2nd easiest inventory trade ever!! :mad: :eek: :mad:

fking hell +7million!!! itd have been the easiest sell (£650+ profit in seconds!!)



And then especially after having that huge number, and then still having oil spike at the close by 7%, anyone who trades oil would have been an idiot to see that close and not have sold it!!!



:mad: :( :(
 
ARGH!!!!!!!!!!!!!!!!!!!!!!!!!!!


Market just fallen through my target!!!!

So would now have been over £1,000 of such easy profit!!!!!!!!!!!!!!!



im trying so fuckibg hard to stay calm!!!!! but how the fuck do you stay calm at times like this???!!!!!




im now just begging for a bounce back to 54.06 overnight so i can resell down to 52.26
 
K ive tried to calm myself down quite alot now, and am trying to trade logically and subjectively now again.. :)


I just hope a few of you sold oil just before lastnighst close atleast?? :)


How much you made yesterday jakker??



My latest trade is that ive sold oil at £2 tick on the daily contract, stoploss will only be taken out and lose me £158 if oil can pull a spike back up to $53.93..

(although after falling $2s down overnight it shoudl be able to bounce)

But ive insured myself for this trade! :) :D



Ive got that sell in as my 'safe guard', just incase oil doesnt bounce back up i will make £298 when it touches target of 51.69, so atleast £298 is better than zero and so i wont be too mad at myself all day and wont drink too much in anger for not checking last night.

But ive also set an order to sell at £6 tick if oil can bounce back upto £53.92... ;)


So i will either have to get that £298 as oil wont bounce, of it will bounce and il get kinda near sell to where i could have lastnight, although lastnight it was selling a spike when today its seeling fro a double to and trend so not so guaranteed, but its better than nothing. :)



Ultimate best case oil hits 53.92, but not .93, so get £8 sell all the way down! lol ;)

2nd best oil takes out my £2 selll, but atleast i get the sell at £6.

3rd best oil just falls straightdown and i make £298. :/


Bad if oil spikes hugely and im holding loss on £6 sell! lol



Although this dow is going DOWN!!! :p

And its gna take oil with it
 
K did abit of price action trading for the last hour scaling oil down to 52.71, gave it a quick spanking there for £75 after spread profit, and then i knew that after that $2 downslide it was gna bounce off the .69 level, so i sta there and held my nevrve...,
took a good long 10mins of it looking llike it was gna make a quick dart and crash down without me and my insurance, but i held my nerve and was right to as the pullback finally came, and i took the trade at 52.90

I did actually conciously know that it was too soon and i could have got a higher, but cos its just an insurance trade i didnt really care.
Since the point of that trade was to be in the market. :)
 
Status
Not open for further replies.
Back
Top