5% - 10% profit per day trading
- Thread starter spanish89
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Quote from spanish89:
ALoha mate, and thanks for your encouraging words...
I do know that if we did have a 'normal oil market', with normal elasticity, that i could quite easily build this 3k back up to maybe 6k within 1month, trading at just £3 per tick, and just taking 50ticks per day.
But everyone has publicly seen how much shit i have had since this year started, evry single movement.
*I called buy oil at $37 on saturday 1day after the russian gas thing, with target 46. But couldnt myself cos cant do weekend trades.
*I sold at $47 with target in 44.62 and 39.26, got cautious and took loss at 49, then had market crash down to the low 42s the same day.
*I then tried to buy when it fell from same move to low 38s, just to have it crash down more to low 30s,
just to have it then close the contract at $40.
*I then bought it at the 41 lows with target 43s, held it for 4hours just to cash in when it spiked $1 in few seconds, as it was too fast and so should have pulledback,
but instead it went straight to my target of what would have been nearly £2000, that i desperately neede for my then 4k account.
But instead i sold the spike, and took loss to end only break even for the day.
*Had internet down all next day so missed having the perfect head n shoulders form at $32, the ultimate low.
*I then watched and waited patiently as it spiked from 41s to mid 45s, sold there at head n shoulders just 1spike before the top, with target high 43s, just to have it rise to over $1 and i took loss at 46.90,
just to have it fall down again to breakeven.
*I then waited patiently and let it rise all the way up to the mid 48s, let it form a big heavy top there,
and then got my sell in at 47.86 barley 16seconds before it crashed down off the right shoulder,
but i took profit after just 60ticks drop from my entyr (was $1 from thw start of that down move),
since with all the constant buying that had been going on for no fundamental or technical reason, i though this spike would be bought up again.
Yet it crashed down to my target, so missed over £1000 again.
*I then waited patiently as it crashed down from what was the mid 48s down to the mid 43s, (without my perfect entered sell and the £2,600 it was worth),
just to buy at the head n shoulders form at the low 43s, this time i didnt cash in when it spiked up 60ticks like i had done the previous week when i missed the 2k,
but this time after all the shit id been having since the year started i really thought my luck couldnt get any worse,
YET the thing then didnt rise when the dow, euro and anti dollar pairs, and even the other energy things rose,
didnt rise overnight or this morning when the dow n others rose even more,
YET as soon as i took the loss on a huge huge inventory build (the 2nd biggest build ever in history),
the fucking thing started rising back up!!!
:eek: :eek:
Im sorry if ive bored everyone or sound like m just some sad loser who is now forever moaning and complaining about how bad his 'luck' is,
when in trading no-one believes in good n bad luck and so it must just be his shit skill.
But i just wanted to summarise my last 1month, including every single trade move that ive called, traded or been physically unable to trade, and then been fucked by it.
So hopefully peope who read this thread over the coming months and years will know that i wasnt just some kinda sad pathetic guy who cant handle stress or losses and badluck,
and just had a 'lucky streak' for the past 7months. :/
(Cos even though i know i have posted about what hopefully should happen in my life now,
going by the last 1month i dont ever get normal standard luck or even a mix of good n bad,
Instead simply get constant consistent extremely badluck.
And so if i do somehow get my housing benefits claim rejected,
i take it to the 2 levels of appeal and they both get rejected.
Or even if i get approved for it, but then dont get this shipping order, or cant earn even £360 per month for my food and stuff..
Then i already know what my final and only plan i then will have,
im not gna say what it is sorry,
but i wont be posting on here or anyone else ever again if it comes down to that!)
P.S Usman and everyone else, heres a link to a chatroom i setup a few months ago.
Its free and easy to use, and doesnt popup to block trading screens when new messages are posted.
But it needs to have a few people regularly being in all all day everyday.
Since if you sign in but no-one else is there then you will probably leave, and so when someone else signs in and no1 is there they will leave too..... ect
Link (bookmark it): http://vyew.com/room#/461502
Spanish man we really hope you can pull yourself together in trading and keep continuing to do it and pull profits out.
Youve been a star to us by starting this forum and letting us know your progress from the start, and mind you youve made quite abit from it, where others would have totally blown their account up.. Hope you can recover and keep going strong...
Trading is tough, frustration does get to you, and it can f*k you up psychologically. Its and emotional roller coaster ride...
Hope it goes good for you man... Ive blown up once already and this time im being extra careful, just about covering costs with this tough game, . Would like to earn more but 1 false move and it could f*k up the whole day juming in n out chasing losses...
S2
Anyone up right now?
I just went long 1 QM contract @ 41.70 ($1 stop/ exit)
I just went long 1 QM contract @ 41.70 ($1 stop/ exit)
We got a nice breakout. I wished I had bought CL instead of QM.
Quote from spanish89:
Then i already know what my final and only plan i then will have,
im not gna say what it is sorry,
but i wont be posting on here or anyone else ever again if it comes down to that!)
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Spanish, don't do that. Life is always better than it seems.
You now know that you don't really have any edge in the financial markets and that your initial earnings were at least partly due to an extremely easy market in crude during last year. This is finished, crude will probably come back to a normal/more ranging state.
So what now? Will you just continue drinking all day or find a way to make money from the financial markets?
Whatever you can say, you don't know much about trading and it's time to learn. When I and others make jokes about you it's just to point out that you really say stupidities sometimes. You're an engaging character in fact.
It's up to you to decide if you will become a real trader or a homeless? Start by stop drinking and future will appear clearer.
Quote from spanish89:
Then i already know what my final and only plan i then will have,
im not gna say what it is sorry,
but i wont be posting on here or anyone else ever again if it comes down to that!)
Youâre either a drama queen or an idiot. Either way, FFS pull yourself together, take account of some of the genuinely good advice that has been offered by people who know what theyâre talking about and either apply yourself in a disciplined way to trading or find another career. But donât be a prat with comments like these.
Oil is so weak right now. I can't wait to get out this stupid long trade. I am going to dump at around break-even
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