5% - 10% profit per day trading

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Quote from spanish89:

My target is 44.62 :)


(Il show why from daily chart)


but am not willing to put all £8 sells in yet as untill the russian gas is sorted oil isnt gna fall
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for us trading in US with nymex contracts all we have is curde mini, regular crude contract.
we do trade based on number of contracts, if you have more capital you go with more contracts.
what is £8 sells, £1 etc.. you mean you trade more contracts .. please explain so that we get a picture of it .. :-)
 
Its gna rise cos the dollar weakend alot with the jobs number.


+ sarcozi (french president) made up some nonsense 30mins ago that theres a truce in middleast.

Thats just wishful talking though, and now the truth is coming out that its all flaky n nonense oil rising back up as no-lead gas is rising again.




ive put chart to show overall target at 44.62
 

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Quote from InvestVision:

for us trading in US with nymex contracts all we have is curde mini, regular crude contract.
we do trade based on number of contracts, if you have more capital you go with more contracts.
what is £8 sells, £1 etc.. you mean you trade more contracts .. please explain so that we get a picture of it .. :-)
More...



basically when i do £8 sell il make £8s profit per every tick in my favour, lose £8 for every tick lost.

Il pay £106 comission cost, but after that every $1 move is worth £694 to me.


If i increase to £12 every $1 movement will be worth over £1,000 to me.
 
Quote from spanish89:

basically when i do £8 sell il make £8s profit per every tick in my favour, lose £8 for every tick lost.

Il pay £106 comission cost, but after that every $1 move is worth £694 to me.


If i increase to £12 every $1 movement will be worth over £1,000 to me.
More...

Spanish, why not open a normal brokerage account? I mean, I don't know much about spread betting, but it seems a little fishy to me.
 
Quote from spanish89:

basically when i do £8 sell il make £8s profit per every tick in my favour, lose £8 for every tick lost.

Il pay £106 comission cost, but after that every $1 move is worth £694 to me.


If i increase to £12 every $1 movement will be worth over £1,000 to me.
More...

Not strictly commission---just a crappy spread with spreadbetter.
Spanish--isn`t it time to move on to something with a better spread. I get 4 pips and can use a 5 pip stop if i need to.
Only a thought.
 
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