5% - 10% profit per day trading

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Quote from dave74:

This is an interesting thread.

It makes me think to the old poker adage, scared money loses.

If one plays the market with money that is not absolutely essential to them, they will have less emotional volatility, and greater success.

Trading is very hard, and one must have all the odds in one's favor.

Good luck in all of your trading.
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very true mate. :) :(
 
The thing that i really dont understand is that during the trading day when im on here posting all my trade all and posting the levels im looking for as target entires,
theres only avery few people who tehn actually also come and post replies to actually discuss teh technical analysis of the market as it plays out through the day....

Yet as soon as it started getting bitchy and personal in here a whole load of other people then flood in for snipe and have a bitch fight!! :D :cool: :p
 
Hey Spanish, I really hope you succeed in your trading. But I think you have a greater appreciation of how hard it really is.

One thing that will save you some time is to put the haters on ignore. They're really not worth your time. I'm surprised you even put up with them.

I'm no trading master, but from reading your past entries, you need to keep your emotions under control. All the trading masters say this again and again. You might want to read some of the Market Wizards books.

Are you still trading right now?
 
Whats everyone's view on Oil right now?

My charts are giving me conflicting directions:
5 min bar = bullish (nice bounce off channel bottom @ 40.22)
hourly bar = bearish (HS 1/21-1/28?)
daily bar = neutral/negative (lower high since last week's peak, might make another lower low?)

Spanish, what's your take mate?
 
Quote from dave74:

Hey Spanish, I really hope you succeed in your trading. But I think you have a greater appreciation of how hard it really is.

One thing that will save you some time is to put the haters on ignore. They're really not worth your time. I'm surprised you even put up with them.

I'm no trading master, but from reading your past entries, you need to keep your emotions under control. All the trading masters say this again and again. You might want to read some of the Market Wizards books.

Are you still trading right now?
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Aloha and cheers mate.. :)

I do know that my emotions due to my need to earn so much % profit on such little money that i cant afford to lose prevent me form being able to trade anywhere close to my full potential,
since for example i can know where the best entry level would be, but i cant afford to risk 'not getting in sooner' incase the market never reaches that level, since i need money urgently,
so cant afford to have the time to speculate propely,
and as a result i miss alot of money by having too get in too soon and then get out to fast to lock in the profit.

Thats why im gna get a job at a prop firm instead now, so i can start trading propely with decent size capital and as tight stoplosses as i want to use. :)


(And in regards to all the people who make snide little comments about me daily, i honestly am self-confident enough to be able to just laugh and ignore them all.

But i do really genuinely wish that instead of just always talking the talk about themselves, making critising comments about me when i admit taking closing trades to cut losses, and just filling this site with the same old cliches that are all over the industry buy dont actually mean anything or work in reality...,

I just wish they would start contributing to this thread and saying ''No, Spanish is wrong saying to buy now at this level, you should instead sell at this level, or wait and when it falls 2dollars more then buy at that level...'' :cool:

Or even before i make my trades and calls if they came on here and say ''Ok ive just bought here, mt stoploss is down there, my targte is there, lets all see how this plays out and if anyone else thinks this looks like a good opportunity and wants to also take it... lol


Since that way they would not only actually be showing that my technical analysis is wrong, and that theirs is correct,
but they would also be contributing to this thread,
instead of just taking it off topic into a bitchyfest,
where its then uncomfortable for some people to post about what they are seeing.



But ive been asking and challenging all those people to do that for many many many months now, on countless occassions,
yet they always find enough excuses to avoid doing that,
or just totally ignore it and pretend they didnt see it!! :D

So i now dont really have very high expectations that it will be any different this time with them. lol





What markets do you trade mate??

And you do this fulltime?
 
Quote from lemeeeplay:

Whats everyone's view on Oil right now?

My charts are giving me conflicting directions:
5 min bar = bullish (nice bounce off channel bottom @ 40.22)
hourly bar = bearish (HS 1/21-1/28?)
daily bar = neutral/negative (lower high since last week's peak, might make another lower low?)

Spanish, what's your take mate?
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ALoha mate i was looking at the chart,
and over these last 6days the movements have been extremely odd and over exaggerated in both directions,
but have moved very slowly.

(Makes it a nightmare for every type of trader apart from trend-chasers).


Dow went up an dollar weakened but oil didnt rise and instead just slowly fell more.
Other energies went up ALOT, all that did for oil wa halt the slide for abit and made it flatline,
and when they started pulling back oil fell back lower again.


So its extremely hard to buy it now, as theres just no reason to as it just isnt moving up now matter what is thrown at it.

But when it does move up it will be $2s t $3s movement in about 15 t 20seconds!
(So unless your already in a buy trade you wont be able to cash in on that).



The 2 levels that i want to watch and see which 1 holds are 39.26 and 37.86


Theres now way i will buy before them.
But theres no fucking way i would sell this thing since only a fool would do something as risky as that.



Ive put 2 charts to show why 39.26 and 37.86 are going to be te 2 key levels.
 

Attachments

This chart shows lines through 39.26 and 37.86,
and as you can see they are major support levels,
epseiclaly 39.26

(Thats why i said last week that i needed to see 39.26 tested and hold 6x consecutively before this is a bull market again).



The line at 42.19 shows where i would take profit at the very latest if i buy at 39.26.

Since 42.26 is strong support.



Although looking at 1hour chart again if 41.26 holds overnight and through uk morning with it starting to rise, then we have got another inverse head and shoulders formed here ove rthe last 3days.


You still holding your longs from the 44s Usman??
And if you are have you added more to it yet at these lows to get better average price / if not yet what rice are you looking for befre you will add?? :)
 
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