5% - 10% profit per day trading

[usman88]

OPEC meeting & Weekend

 

[MJUK]

I see there was a suggestion from Venezuela that there should be a 1m bbd cut but that was at 5pm UK time the spike started at 5.45.

Are we seeing traders using inside information on a forthcoming OPEC announcement?

 

[choc13]

who cares?

 

[mctom]

There`s always someone with inside info. Besides , at least its moving again.

 

[arabianights]

I think if you sell dow with 200 point s/l and 1000 point target then chances are you're going to win the trade, selling the dow is a great idea

 

[MJUK]

Quote from choc13:

who cares?

Anyone trading oil? Who the f*** asked you anyway?

 

[choc13]

olol

Of course there is always a reason for fluctuations, but the tape does not concern itself with the why and wherefore. It doesn't go into explanations. I didn't ask the tape why when I was fourteen, and I don't ask it to-day, at forty. The reason for what a certain stock does to-day may not be known for two or three days, or weeks, or months. But what the dickens does that matter? Your business with the tape is now not tomorrow. The reason can wait. But you must act instantly or be left.

 

[porph]

Quote from choc13:

olol

wow you quoted Livermore. Well done, can you just remind me how happy and successful he was again...oh

 

[choc13]

If you need trading to make you happy you have problems.

He traded with all his capital and blew up a couple of times, but always had money on the side for his family. His psychological problems have nothing to do with his trading ability; if you can't understand a message for the messenger that says more about you...

As a corollary take Maradona - substance abuse, addict, almost died as a result, banned from the game for his drug habit. He must have been a shit footballer by your logic.

Either way, if you disagree, trade the news when it comes out - after the rally has taken place; see how well it goes.

 

[porph]

Quote from choc13:

If you need trading to make you happy you have problems.

He traded with all his capital and blew up a couple of times, but always had money on the side for his family. His psychological problems have nothing to do with his trading ability; if you can't understand a message for the messenger that says more about you...

As a corollary take Maradona - substance abuse, addict, almost died as a result, banned from the game for his drug habit. He must have been a shit footballer by your logic.

Either way, if you disagree, trade the news when it comes out - after the rally has taken place; see how well it goes.

You seem to take a lot from a single throwaway sentence. I was merely implying that quoting a famous trader does not suddenly make you any more right.

Have a nice weekend, I will xxx