5% - 10% profit per day trading

Status
Not open for further replies.
Quote from porph:

I've done that a lot before. What I started doing was after a profitable session halving my position sizes so that if it goes to shit then you should still manage a net +ve day.
More...

Thanks porph,

Been tryig todo that the last 3 days, and just about hitting over breakeven, trying to control my losses n keep em small...

The Dow messed me up today, after 2 good trades the 3rd just tanked,, and just aout B/E on that one now along with 2 ero trades....

Hitting just over B/E today would be good..
 
Quote from spanish89:

eeeek this market has been hideous today!! :eek:


i see jut hit where my long entry had been from tuesday,
so if id left trade on i could have taken break even on wednesday, or yesterday.. :(



But im not gna even let my brain think about all the 'ifs' from this past month though..

SInce im now just focusing on getting into a prop firm instead.

Lower stress job with a payrise.. :)



Anyone made any trades out of this sideways shit these last 2days??
More...

I wouldn't hold up too much hope to be honest. There will be many experinced now unemployed traders and investment bankers with experience in trading looking for the same positions.

I also believe most prop firms require you to put some capital down like £10 k or something.
 
Quote from lemeeeplay:

i got my stop @ 41.70 and its getting close again lol
More...

if you lower it to .66 you will stay in if its just choppy, and will only take the loss if it breaks through .66 which would likely be a downward break.


Can i ask why you are entering trades at such mid range levels though mate??
 
Quote from lemeeeplay:

i got my stop @ 41.70 and its getting close again lol
More...

Ahh bad luck mate....
Today has been volatile across all markets... hope you get back , i guess youre getting there slowly but surely...

Dow did me today,, has 2 positive trades this morning and the 3rd one tanked.. so i goto make that up now...

Euro trade was good this morning, mamaged to get afew but everything just dropping...

Very volatile,, be very careful as its friday too..
 
FYI for those outside the US.

Here is the 60 Minutes story on Morgan Stanley, Goldman and oil. MS and G are also the founding members of ICE.

Last Spring, Congress was investigating the possibility of insider ping-pong between ICE partners to drive up the price of oil. Under pressure on June 17, ICE, which is actually Atlanta based, agreed to rule changes, but I don't know exactly what they were. Reporting requirements, I think.

Anyway

Further transparency requirements for the big players are in the works. Because here we all remember Enron, and not fondly.

http://www.cbsnews.com/stories/2008/06/17/broadcasts/main4188620.shtml?source=related_story

http://www.cbsnews.com/stories/2009/01/08/60minutes/main4707770.shtml
 
Status
Not open for further replies.
Back
Top