I am from the great country of Armenia
5% - 10% profit per day trading
- Thread starter spanish89
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I am from the great country of Armenia
Quote from MohdSalleh:
I am from the great country of Armenia
ok good for you
im here to trade, not talk politics
dumped the fucking piece of shit as market hit .32 
was using tick-by-tick chart, and i just couldmt be fuced to take the riks of waiting for it to break the .33 level it hard made as temp restistance, just to make £54 more (the 6extra ticks i would have if i got .3 exit)
I still took £270 from that trade after the spread cost, and so its now over £1,000 for the day.
And working with ayaz (nice-invest) he did all his own trading, all i did was give him the confidence to enter trades when i did, and to wait when it was risky,
and he made over £70 profit today at just 30pence per tick!!! 
So overall he has given the market the biggest beating today!
Tomorrow is going to be a perfect day for loads of great trade opportunities which ever way the chinese trade this!
was using tick-by-tick chart, and i just couldmt be fuced to take the riks of waiting for it to break the .33 level it hard made as temp restistance, just to make £54 more (the 6extra ticks i would have if i got .3 exit)
I still took £270 from that trade after the spread cost, and so its now over £1,000 for the day.
And working with ayaz (nice-invest) he did all his own trading, all i did was give him the confidence to enter trades when i did, and to wait when it was risky,
and he made over £70 profit today at just 30pence per tick!!!
So overall he has given the market the biggest beating today!
Tomorrow is going to be a perfect day for loads of great trade opportunities which ever way the chinese trade this!
added it all up and its £1,177 profit today...
1 losing contract of £30 (abit upset as i was offered £300 on that trade)
But i did know inside that this big crash would come and id miss it.. lol
i mentioned it a few times on here over this week trying to put a jokey spin on it,
but inside i knew that even though i knew it was gan go down to 44.62, i wouldnt be able to catch it all with my £9 sell. :/
But am not at all disappointed with how i did today, as this is trading.
Every single day has great opportunities, and so itd be silly for me to dwell on missing 2/3s of this big move down.
As there will be moves tomorrow and every other day of teh onth that i can slash and smash!
1 losing contract of £30 (abit upset as i was offered £300 on that trade)
But i did know inside that this big crash would come and id miss it.. lol
i mentioned it a few times on here over this week trying to put a jokey spin on it,
but inside i knew that even though i knew it was gan go down to 44.62, i wouldnt be able to catch it all with my £9 sell. :/
But am not at all disappointed with how i did today, as this is trading.
Every single day has great opportunities, and so itd be silly for me to dwell on missing 2/3s of this big move down.
As there will be moves tomorrow and every other day of teh onth that i can slash and smash!
Good boy spanish! A grand a day keeps the doctor away.
"This has been a speculatively led rally here in the past couple of weeks," Ritterbusch said. "It didn't have a lot of fundamental impetus behind it, and now we're getting evidence that there's a lot more crude and product supply out there than what we thought."
http://finance.yahoo.com/news/Oil-prices-tumble-near-44-on-apf-13993243.html
The crude futures market is now in what oil traders call a "contango" -- in which oil delivered in the next few weeks is cheaper than in the following months. Sweet crude for March delivery was trading at $49.34, about $5 cheaper than the February contract.
"A steep contango in the front of the NYMEX crude curve and the low cost of carry due to easier monetary policy has provided the economic incentive to store barrels," Linda Rafield, senior oil analyst for Platts, said in an analyst note.
Crude has become so cheap, it is being stored at sea to avoid selling it at current market prices.
"Demand for oil appears to remain weak as traders are seeking as many as 10 supertankers to store crude," Addison Armstrong, director of market research at Tradition Energy, said in a research note. "The carriers hold about 2 million barrels of crude and traders are seeking to lease the ships for three to nine months."
http://finance.yahoo.com/news/Oil-prices-tumble-near-44-on-apf-13993243.html
The crude futures market is now in what oil traders call a "contango" -- in which oil delivered in the next few weeks is cheaper than in the following months. Sweet crude for March delivery was trading at $49.34, about $5 cheaper than the February contract.
"A steep contango in the front of the NYMEX crude curve and the low cost of carry due to easier monetary policy has provided the economic incentive to store barrels," Linda Rafield, senior oil analyst for Platts, said in an analyst note.
Crude has become so cheap, it is being stored at sea to avoid selling it at current market prices.
"Demand for oil appears to remain weak as traders are seeking as many as 10 supertankers to store crude," Addison Armstrong, director of market research at Tradition Energy, said in a research note. "The carriers hold about 2 million barrels of crude and traders are seeking to lease the ships for three to nine months."
Contango
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahJFwqm6WFRM&refer=home
The price of oil for delivery in February 2010 is 41 percent more than for the current month, increasing the opportunity for traders to profit.
( FEB 2010 contract: $60.10 vs. FEB 2009 42.60 )
This structure, in which the subsequent monthâs price is higher than the one before it, is known as contango. Contango trading encourages companies to increase stockpiles if they have available storage.
âItâs not a surprise weâre building inventories,â said Tom Knight, trading director at Truman Arnold Cos. in Texarkana, Texas. âLook at the contango. Youâd be an idiot not to take advantage of that.â
Volume in electronic trading on the exchange was 535,890 contracts as of 3:05 p.m. in New York. Volume totaled 649,999 contracts yesterday, up 38 percent from the average over the past 3 months. Open interest yesterday was 1.22 million contracts. The exchange has a one-business-day delay in reporting open interest and full volume data.
The U.S. inventory numbers âare obviously quite dramatic, but should not really have been a surprise,â Eagles said. âThere are significant issues in the Middle East and concerning gas in Europe, but how long will they remain a major worry?â
Brent crude oil for February settlement declined $4.67, or 9.2 percent, to settle at $45.86 a barrel on Londonâs ICE Futures Europe exchange.
Saudi Foreign Minister Prince Saud al-Faisal said oil âisnât a weaponâ to end fighting in the Middle East. Prince al- Faisal, speaking at a press conference in New York, said oil âcanât reverse a conflict,â when asked about an Iranian call for Arab states to stop producing as a means of putting pressure on countries backing Israel.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ahJFwqm6WFRM&refer=home
The price of oil for delivery in February 2010 is 41 percent more than for the current month, increasing the opportunity for traders to profit.
( FEB 2010 contract: $60.10 vs. FEB 2009 42.60 )
This structure, in which the subsequent monthâs price is higher than the one before it, is known as contango. Contango trading encourages companies to increase stockpiles if they have available storage.
âItâs not a surprise weâre building inventories,â said Tom Knight, trading director at Truman Arnold Cos. in Texarkana, Texas. âLook at the contango. Youâd be an idiot not to take advantage of that.â
Volume in electronic trading on the exchange was 535,890 contracts as of 3:05 p.m. in New York. Volume totaled 649,999 contracts yesterday, up 38 percent from the average over the past 3 months. Open interest yesterday was 1.22 million contracts. The exchange has a one-business-day delay in reporting open interest and full volume data.
The U.S. inventory numbers âare obviously quite dramatic, but should not really have been a surprise,â Eagles said. âThere are significant issues in the Middle East and concerning gas in Europe, but how long will they remain a major worry?â
Brent crude oil for February settlement declined $4.67, or 9.2 percent, to settle at $45.86 a barrel on Londonâs ICE Futures Europe exchange.
Saudi Foreign Minister Prince Saud al-Faisal said oil âisnât a weaponâ to end fighting in the Middle East. Prince al- Faisal, speaking at a press conference in New York, said oil âcanât reverse a conflict,â when asked about an Iranian call for Arab states to stop producing as a means of putting pressure on countries backing Israel.
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