5% - 10% profit per day trading

[NO:1 OILTRADER]

Quote from The Trojan:

So you made an average of 16 pips/trade. Do you think that's good/sustainable for oil and the amount of risk? I always thought oil was far more capable of netting greater returns than a mere 16 pips.

hiya,

i had some bad fills today and some not so good entries but still i will not argue with profit. profit is profit after all and if i can make money surely that is better than losing money, no matter how much it is.

the risk was low as market rose up almost immediately after placing trade, shame the market didnt give me more but i can only take wot the market will give me.

How did you do today trojan?

Meli.

 

[The Trojan]

Quote from NO:1 OILTRADER:

hiya,

i had some bad fills today and some not so good entries but still i will not argue with profit. profit is profit after all and if i can make money surely that is better than losing money, no matter how much it is.

the risk was low as market rose up almost immediately after placing trade, shame the market didnt give me more but i can only take wot the market will give me.

How did you do today trojan?

Meli.

It's not always good to win every time - sometimes you got to risk some to make a lot.

I'm doing good thanks, my live cattle trade is doing well and i'm holding it till the xmas time. I think i'll be getting some pork bellies as I was reading in hello! magazine that people like to eat pork around that time too instead of the turkeys.

 

[blackjack666]

Quote from spanish89:

lol

I wouldnt say £800 is bad.


And i read your replies but you barley ever post here anymore..,
just sorta slink off during the day and trade alone.

Rather greedy, instead of sharing your trades on here so i can start up an outlet of money from the S&P to my account...

LOL.

I actually tried to not post at all anymore, but people keep mentioning my name and asking how im doing and stuff!

Ive actually been trading forex more than s&p recently though.

 

[NO:1 OILTRADER]

Quote from The Trojan:

It's not always good to win every time - sometimes you got to risk some to make a lot.

I'm doing good thanks, my live cattle trade is doing well and i'm holding it till the xmas time. I think i'll be getting some pork bellies as I was reading in hello! magazine that people like to eat pork around that time too instead of the turkeys.

i'm tryin to learn all the stuff about holding and that but i get a bit nervous and want to take profit early just so i have some money. hopefully 2moro will be a better day although i am happy with wot i made today. dont forget this is on top of my wages and is totally tax free.

i wouldnt know where to start with cattle or porkbellies, i thought that was just in the films like trading places....lol

just make sure you sell the contracts before they deliver a whole load of bessie's to your door. anyone for more beef sandwiches...lol

Meli.

 

[porph]

Quote from The Trojan:

It's not always good to win every time - sometimes you got to risk some to make a lot.

I'm doing good thanks, my live cattle trade is doing well and i'm holding it till the xmas time. I think i'll be getting some pork bellies as I was reading in hello! magazine that people like to eat pork around that time too instead of the turkeys.

you need to brush up on your fishing techniques. 1/10

 

[porph]

Quote from NO:1 OILTRADER:

i'm tryin to learn all the stuff about holding and that but i get a bit nervous and want to take profit early just so i have some money. hopefully 2moro will be a better day although i am happy with wot i made today. dont forget this is on top of my wages and is totally tax free.

i wouldnt know where to start with cattle or porkbellies, i thought that was just in the films like trading places....lol

just make sure you sell the contracts before they deliver a whole load of bessie's to your door. anyone for more beef sandwiches...lol

Meli.

The problem being that you are risking very large amounts to make very small amounts. Im not sure where your stops are but say they are $1 away then you are risking 100pts loss for 16pts gain. Therefore you need win over 6x for every loss to make a profit overall. Just a little something to think about.

 

[The Trojan]

Quote from porph:

you need to brush up on your fishing techniques. 1/10

How do you mean dear?

 

[spanish89]

Quote from porph:

The problem being that you are risking very large amounts to make very small amounts. Im not sure where your stops are but say they are $1 away then you are risking 100pts loss for 16pts gain. Therefore you need win over 6x for every loss to make a profit overall. Just a little something to think about.

LOL


i dont know why everyone on here seems to think that im some sort of dangerous wild trading entity, that is going to have other people who are learning to trade be risking loads of money to make tiny amounts!! :eek:


I had her lock in profit instantly by scaling up her stoploss, and told her to cash in earlier than me as didnt want her to have to be holding if it pullbacked back after its upspike again

 

[NO:1 OILTRADER]

Quote from spanish89:

LOL


i dont know why everyone on here seems to think that im some sort of dangerous wild trading entity, that is going to have other people who are learning to trade be risking loads of money to make tiny amounts!! :eek:


I had her lock in profit instantly by scaling up her stoploss, and told her to cash in earlier than me as didnt want her to have to be holding if it pullbacked back after its upspike again

spanish is right here, my risk was extremely small as the market went almost in my direction immediately, so the stops would not haeve been far away.

dont know why so many ppl knock spanish, if you gave him some credit you'd see he was a good trader, in fact much better than most IMO of course, and he helps me and asks of nothing in return.

sorrry if i'm rambling on a bit, i always talk loads wen i've had a drink and im on my 3rd and last bottle of wks, then i can drink the half bottle of lambrusco thats in the fridge....lol


Meli.

 

[porph]

If you'd bothered to read half of this thread, you'll see that I've given him plenty of credit. My point is, if the market had have moved the other way then where is your stop, where do you get out?