5% - 10% profit per day trading

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Quote from advfntrader:

you going long for Gap fill Spanish ? seems to have turned bullish over the past few days
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nah dows is liley to tank, and so take oil lower with it,
might even spill over weekend.

ive made enough money rcently to not need to take teh stress of another weekened hold,
but from monday i will be looking for a long then in oil. :)


you made back any off your losses from yesterday mate??
 
Oil, long at 45.77

waiting (and hoping!) now for market to turn into my favour.

alos long on gold at 817.

hoding a total loss of 150gbp at the moment.

let's see...
 
hmmm..

Horrible trade.

Holding a loss of 400gbp at the moment. Was waiting for a bounce but it did not happen and it does not look likely to happen.

The thing is, I am almost certain that before the end of the day I would get the price I need to at least break even. The point it, how much lower can the prices go before it reacts to it??

probally lower enough to wipe out my trading balance... lol

Maybe will cut my losses. or not... and go bust!
 
V8, the best advice I can give is to cut losses short on Oil, it could go 500 points lower for all you know ! its so dangerous to trade, stick to your stops and limits
 
morning guys, another wild day today looks like spanish got it right again mate, i was well out of the market buy the time it turned although i was short sp500 from 892.0 but i use very tight stops and was stopped out after that it turn and i could have made a killing, i have nt traded today as off to barcelona in a hour or two for a stag weekend so will be even drunker than spanish :)
if you can hold on longer with oil then i would i am sure it will turn back up again at some stage you may have to hold over the weekend, its a head fuck to be down so much you need a strong mental power to hold the trade thats why my stops are getting tighter and i will be letting my profits run, it is difficult with oil but i feel that if your wrong by 100 points then i think you were wrong in the first place even if the market turns back and your trade goes into profit if you get what i mean
have good weekend lads and catch ye all next week
go easy on those girls spanish ::)
 
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