5% - 10% profit per day trading

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Quote from usman88:

What I can not understand is that nearly all factors are bullish at the moment. Equities all over the world are up. Euro is up. And above all oil demand is up!!!

We saw a demand increase in nearly every oil product week over week. A comparison on 4 week average of current week with last year also shows only slightly weakers results (which do not warrant in any case a drop from 147.27 to current levels).

Moreover bullish comments from OPEC members are also coming in. Fed rate cut is also expected today. With all these bullish factors its hard to understand why the market isnt moving now. Whats even stranger is that if the market was bearish, big players would have used the 6 mn barrel buildup as excuse to take the market below $40 but they havnt.

All this points to one thing. Either the market will rally today or tomorrow or be prepared to see oil at $20

Assalam malekum Usman.

I see many people holding and stuck hope we all come out without loss!

After we out we then start to think oil at 20 not before please.:)


Gul
 
If it is any consolation for those holding long positions, I think we put in a short-term bottom at 40.60 and are about to break higher.
 
Quote from usman88:

where are you from?

I am from Spain, but I had good business relationship with people of your cast.

You where are you based?

Edit if your real name is Usman.
 
Ive just looked and Gasoline is up 6.82%,
heating oil (the ONLY actual reason why oil rose last Friday) is up 5.91%,
dow is up in the mid 8200s, up over 150points,
dollar is weaker for a 2nd 2day straight, down over 150ticks against the main 3pairs again...

Yet oil is barely up 1% (41ticks),
after falling nearly 19% in the last 2days!! :eek: :confused:


(I took the loss earlier by moving my stoploss to the low of the day just before the inventory number, which was the smart logical thing to do just incase we got a huge build, which we did,
yet im sure that market is now gna rocket back over 43, maybe even 44,
before it hits where my stoploss was at 37.24!! :mad:


:'(




And its because of all this sorta shit that im gna leave trading for a week, maybe even a few weeks.

(Basically untill all this un-tradeable nonesense passes, and the oil market gets back to more normal average movements that are correlated with the other markets (fundamentals), and simple basic S&R levels/chart formations).




I have to wait till my bank statement comes (should arrive by friday or monday), i can then post that off with the housing benefits form, and then unless a big pot of money falls out of the sky and into my flat,
there will be no justifications on why the council can reject my claim.

And so i will then be getting £680 per month.
So will just need to earn £360 per month for food, alcohol, travel, tv/net/phone. :)



Ive had an order come in yesterday for my shipping company, i wont go to much into the details,
but its for 80KG item x 36 of them.
So 2,880KGS!! :eek: :cool:

My standard profit is £3s per kg, this will ocean freight so if i even just take £1 profit per kg on it i still will net £2,800 from this!! :eek: :)


And if this becomes a monthly order they want i wont ever have to trade ever again!! :D



Ive also been offered a job by a member on this forum to provide them with daily trade calls and market analysis on what the key levels will be each day,
and so providing that goes well and i make them decent money.

(They are trading at a very low level per tick so i wont make much, but providing theres no complications with my housing benefit claim then i wont need much money).



And im also gna apply for a job for the experienced trader route at futex,
as even though they only £400 per month while training and that is for 3months t 6months even, that will be enough as long as i stay on housing while dong it.

And if i manage to start working there i will then be given a decent capital size to start from (£20,000 t maybe £40,000).

And then i can start trading properly, using tight stoplosses to lock in profits, and wont have to be in constant fear everyday about not being able to earn 50%+ profit per month on my capital just to feed myself.


As even though ive managed to do it for over 6months now,
so ive proved you can make a living starting trading from £759,
the stress and quality of life doing it is just so extremely unexplaiably tough, grueling and unbearable that it would honestly be so soo much better to just manage to go to sleep and never ever wakeup again,
instead of having to continue life like it. :/
 
Quote from usman88:

I am long @ 4410 and holding


:eek: :eek: :confused:


How could you afford to take the risk of holding from so high though mate,
especially when you heard such a huge build in the inventory number?? :confused:
 
@spanish

I am definitly sure you can suceed in your trading. You just need a little patience. I suggest all of us oil traders should log on to a chat room or something so we can all help each other out and make the safest trades. What do you think?
 
Quote from spanish89:

:eek: :eek: :confused:


How could you afford to take the risk of holding from so high though mate,
especially when you heard such a huge build in the inventory number?? :confused:

told you earlier....alot of bullish news....plus there were numerous bullish items also in the inventory report(mentioned them earlier)

moreover I have a high 6 figure account. I can definitly manage to hold on to 5 longs for as long as I want
 
Quote from usman88:

told you earlier....alot of bullish news....plus there were numerous bullish items also in the inventory report(mentioned them earlier)

moreover I have a high 6 figure account. I can definitly manage to hold on to 5 longs for as long as I want

True thats why size matters with a big account you can wait only patience and luck so it goes back to 50+ hopefully.
 
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