5% - 10% profit per day trading

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Breeeeeth

If you get a regular brokerage account there is another option so to speak.

Look up Synthetic futures.

Buy a CALL when you sell and a PUT when you buy for risk management instead of using stops.


That way you can sleep without being scared.
 
Quote from truehawk:

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Breeeeeth

If you get a regular brokerage account there is another option so to speak.

Look up Synthetic futures.

Buy a CALL when you sell and a PUT when you buy for risk management instead of using stops.


That way you can sleep without being scared.


Cheers mate il look at that now and see how it works.

cos i never did full understand about how options work.


I just took 60ticks from my sell from 38.92 just now, but did it at only £1 per tick so feeling gutted.
 
Quote from porph:

Hello mate - excellent entry on that one. RBS rang me earlier as I emailed them with a query. Anything you want me to ask them?

Cheers mate. Wish I had have held it though!! Caught about the low tick though :)

Im up £2400 so far today.

as for RBS, yeah...you can ask them when they plan on putting the spx spread back down to 5!

Good luck mate.
 
Quote from clunk:

For oil I'm using Barclays which is basically a city index clone

clunk and the rest:
what spreads are you getting on your trading platform? anyone knows what does interactive brokers or MB trading give?
 
ALoha mate i looked at the options and it does sound good,
but the thing that worries me is about how much it would cost to pay for each option.


And then if i made money on my trade, which almost every trade does, id feel gutted and foolish for having wasted the money holding an option then, especially if it cost alot.


And normally the size of £8 t £9 per tick is ok, £11 t £12 i can just about handle from 10k capital...

Its just after getting in those big sell trades from the mid 47s with targets at low 40s, taking losses on wednesday morning at high 48s,
i missed so soooo many thousand quid!!! :'(

And instead ended the week down over £1,500 from teh profit id started the week with (so just under break even for the week).



That doesnt ound bad breaking even, but last week would have really really seriously set me up properly..., and so i was so much counting on being in the sell for when the gas problem was sorted and it crased back to low 40s. :(


And then yesterday i dont know what caused yesterday to have the lack of movement it did,
but it relaly cost me hard taking that loss today,
and then esecially when i AGAIN foundout that id just held for an hour more id have made over £1,000 as profit ontop of the capital,
instead of having more chunks of capital taken out for no reason. :'(


I took the loss becuase teh market just kept sliding slowly n so i was scared we would have another repeat of yesterdays nonense + on wednesday everyone is sying theres gna be huge build cos the contango,
and so i didnt wnat to lose all my money by holding long and it crashing to under $30 tomorrow,
and then endup missing the chance to buy it from so cheap. :/



Im now gna scale down to £6 per tick, but so sooo much hope that this market crashes down below 30 tomorrow.
 
Quote from etoile:

clunk and the rest:
what spreads are you getting on your trading platform? anyone knows what does interactive brokers or MB trading give?

IB is one-tick plus comm. as you're obviosuly trading the market itself, not a spreadbet.

EDIT - and before anyone asks, comm is $5.50 R/T per contract.
 
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