5% - 10% profit per day trading

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Quote from usman88:

made $1000
but i am angry on myself because i could have made much much more

Well I missed the move completely!

It reversed at a key level and met all my entry critera for a valid set-up and I was not at my desk so completely missed it. :(

Would have been circa £1500.

So for the first time this week I made nothing. There is always tomorrow.
 
Quote from spanish89:

thanks mate... :)


how was your trading day today??

It was a boring day for me. Only 2 trades: Lost -255 on ES but made 295 in Euro. So pretty much flat for the day.

None of the markets I was watching were giving me any movements to trade with, so i just sat there and watched the markets.

I'll be back in Oil tomorrow.
 
sigh


I missed out on well over £1,500 more that i could have made if id taken more normal risk that i normally like take,

but the money i did make was all extremely safe as the mex teh market ever went against me was 5ticks.


So this was my most precise and tight day of trading, but missed out on alot of moeny i could have made if id taken risk.


But like my book says ''Theres no point in even thinking about 'nonense' like what you 'could' have made if you had done this or not done that'',
instead just think that you wokeup today, looked at a screen, and made £1,000 today!! :D :cool:

How many other people in the world can ever ever do that too??? ;)




And even if we missed out on money that you could ahve made if you had taken more risks,
just think that imagine the guys who were on the other end of our trades!! hehe


they all wokeup today, sat at their screens did a whole day of work, and yet have lost over £1,000 and have nothing to show for it!!! :D :p LOL


They basically gaveup a luxury 2week holiday to insetad pay that money to us instead. :cool:
 
"And even if we missed out on money that you could ahve made if you had taken more risks,
just think that imagine the guys who were on the other end of our trades!! hehe


they all wokeup today, sat at their screens did a whole day of work, and yet have lost over £1,000 and have nothing to show for it!!! LOL"

Well just because you are up does not mean someone else is down. On average circa 60% of the volume in oil is from commercial organisations hedging their risk. So they are not trying to gain a profit they are trying to fix the price of a future price of oil.
 
It looks like the volume in December and January is 10 times that of last July.

Is that correct?

I gotta ask because my satellite and aircard connections are both like two tin cans and a string as gossamer as thought out here, so Foxfire often freezes up before a charts can be loaded,
 
http://timesofindia.indiatimes.com/...dispute_over_monitors/articleshow/3954542.cms


Russia have just now pulled out and rejected having those eu monitors checking the gas flow!

Earlier today (thursday) they ahd agreed to it, only changed thier mind at end of the day.


i lost my ranquawk service in early afternoon... :(


If id got this news as it broke i would have bought in at mid t high 40s to hold, instead of hoping it would break under 40 :'(


Since i saw gasoline spiking hard and steeply near the close but didnt know what was causing it and if it was just profit taking.

This really leaves a sad ending :(
 
Russia is the world's biggest natural gas producer and provides about one-quarter of the gas used in the European Union, or about 40 per cent of the gas the bloc imports.
- About 80 per cent of those imports pass though Ukraine.

Gazprom raised its demands on Jan. 4 as Miller cited a possible price of $450 per 1,000 cubic meters for deliveries to Ukraine this month, reflecting the average price in countries bordering Russia’s neighbor.

Ukraine, which paid $179.50 for its Russian gas last year, rejected a Gazprom offer last week of $250 for 2009 and says $201 would be fair.

Ukraine’s political leaders, Yushchenko and Prime Minister Yulia Timoshenko, are grappling with a financial crisis that has forced it to seek a $16.4 billion International Monetary Fund bailout.
 
I knew this morning would be extremely dull, an dso i slept in till 9am. lol


The key levels to watch today are 40.62, 40.26, 39.68, 39.26.


i wont even consider buying till 40.26, but itl be the non-farms n other numbers that are going to move oil later.


On upside i need 44.26 before il sell.
 
40.87 was lowest level of the spike so far.


i got impatient cos of missing that £1,600 ysterday by not buying on the retest of the low of the day and so i bought at 41.20 :/


Target is 41.75 being hit
 
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