5% - 10% profit per day trading

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Quote from usman88:

how long have u been trading ? and do u trade something else?

I’ve been trading on and off since 1992 with a lot of gaps in between, because I have a day time job (work in high tech) and I’ve blown several accounts :( (mostly for trading options)

I am hoping this time is different though. This is the 1st time I have started keeping a trading journal and I am actively trying to learn from my mistakes. In the past I would bet wildly with a medium size account and blow my account in 6 months. If I manage to get my act together and stick to disciplined trading and use strict money management, I can finally quit my 8-5 job and do this full-time.

I have traded everything, but these days, I am more active in oil, S&P and currencies (mostly EUR/USD).

What about you guys?
 
Quote from usman88:

@spanish

what trades have you done what do you think should be the trades from now?


ALoha mate i cant trade till tuesday cos march contract wont be available till then for me.. :/

But i would now be very cautious in doing any selling below the 38 level, even if the intraday trend looks like its going down,
since all the bearsih factors are now priced in and there is now going to mainly be range trading, but more volume will be going in on people setting up longterm 'buys' now to hold for 1year t few years....



i will check the charts and post some screenshots to show where the key levels taht you need to watch are as they will be where market will react.


:)
 
Quote from porph:

Sold Dow 8252.0
Bought Dow 8121.8

+130.2

Bought Dow 8138.0
Stop moved to 8171.9

+33.9

I'm happy with +164.1 for the day.

how much is one point worth?
 
Quote from spanish89:

The levels i want are 41.26, 40.26, 39.26, 37.62, 36.26, 35.62, 35.06, 34.62, and then 34.02



(the higher levels i mentioned ahve horizontal lines drawn acorss at them on the chart).

You left some white on the chart!:confused:
 
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