5% - 10% profit per day trading

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Quote from lemeeeplay:

i aborted the trade at 41.72 with a $44 profit

I can't fucking believe Yahoo has the inventory date wrong :mad:

thank god I didn't lose any money
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sorry to hear that mate.

$44 is still enough to get you a nice dinner today.. :)


and then you can double up by going long tomorrow into the inventory number... :cool:
 
as far as being short is concerned, i dont think thats a good idea. This market can shoot into 50s any time....literally anytime.
I also believe we will see inventory shortage 2morow.
In any case I am pretty much avoiding shorts unless a near perfect entry comes like the one i started my day with
 
Quote from spanish89:

sorry to hear that mate.

$44 is still enough to get you a nice dinner today.. :)


and then you can double up by going long tomorrow into the inventory number... :cool:
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LOL yeah

Thanks for telling me about the inventory numbers. I was freaking relying on source:
http://biz.yahoo.com/c/e.html

Which was wrong

On a good note, when I checked my execution I saw that I was in at 41.67 not 41.70. That 3 tickets really made the difference on this little trade
 
Quote from usman88:

made around $2300....my other trades were multiple longs around 4150 and sell around 4195...basically all small scalps of 20-30 cents with multiple lots.

I am now taking a break of 1-2 hours and then will look again for good entry for about 50 cents....
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Damn usman, well done mate!

I wish I could get up earlier and trade with you everyday. I am in the PST timezone and trading oil is a pain.
 
Quote from lemeeeplay:

Damn usman, well done mate!

I wish I could get up earlier and trade with you everyday. I am in the PST timezone and trading oil is a pain.
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where is PST??


i feel relaly really lazy now being in uk, gmt time, so get access to oil from 7am t 9pm...

yet still slack off
 
PST is pacific timezone. I am near San Francisco CA/USA

Right now its 7:36 AM

Nymex opens 6:30 AM my time and most of the good moves happen 1-2 hours before that.
 
Quote from usman88:

as far as being short is concerned, i dont think thats a good idea. This market can shoot into 50s any time....literally anytime.
I also believe we will see inventory shortage 2morow.
In any case I am pretty much avoiding shorts unless a near perfect entry comes like the one i started my day with
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Do you really think that the market will suddenly forget about having all the demmand destruction andnshoot into the 50s and hold there??


cos before i used to only want to buy down here,
but every upspike was slashed down everyday for so soo long, so i just have up buying only.

Especially with all that oil being stored,
i have a feeling that eventuatlly when the market was allowed to drift to 50 t mid 50s,
it will then be slashed back down hard n fast back to this 30s level...
 
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