5% - 10% profit per day trading
- Thread starter spanish89
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Quote from clunk:
went long this afternoon for +.35, it's been a good week for me, my weekly target is 100 points and this week I made 113
200 more and the stakes are raised:eek:
Nice, my target is about 100 per week but managed to just breakeven and afew more,, need to work harder next week...
Quote from clunk:
Cheers mate, you'll get there- I try not to overtrade and keep my targets small, once I have more capital I'll give the trades more wriggle room.
Attached is my blotter for the last 9 trades.
nice trades mate...
how much capital do you have??
And what size spread you got?
Quote from spanish89:
nice trades mate...
how much capital do you have??
And what size spread you got?
Cheers spanish
I put 8k in that account and now have £8539...I did a stupid short on a stock and lost £145, so oil has made me about £700 in just over a month. When/if
It gets to 9k then I'll up to £3 a point then 10K £4 a point etc etcThe spread seems to vary somewhat, at best it's 6 points, at worst 9.
The US Shell refinery worker's union contract expired today but they decided not to strike tomorrow.
If they had, there would have been no place to put the oil.
We can rally a it now. but if "they" jerk it above 50, and make too many counter intuitive moves on low demand, then more transparency regulations on who is doing what will be written sooner rather than later.
That said, America needs for oil to rise to the $50-60 range otherwise the ReThug morons will argue we can not afford to invest in alternative energy technology, when we can't afford not to. The more oil we burn, the more CO2 we produce, the warmer the Atlantic gets the the more Hurricanes that are going to shred the South East, cause flooding of our bread basket and drought in the West. Not to mention moving the French wine country and causing a drought that is risks starving a good portion of Africa.
Over the long term there have been advances : LEDs on silicon wafers rather than sapphire cut the cost of LEDs by 9/10th and LEDs the cut the power demand per lumin by 3/4ths.
There have also been important advances in Fusion/fission (Super X D) and improvements in the efficiency of low cost photovoltaics and battery power density, and this even though we really haven't had decent energy R&D funding for YEARS.
Fusion has remained 30 years away because it has been barely funded.
Give us 5 years of energy R&D funding at the 25 billion + dollar level and we will begin phasing out oil as a transportation fuel as other alternative forms of energy and the plug in fleet come on line.
Give us 8 years of funding and we will be able to advance the schedule of the ITER and work out the problems.
ALoha guys, anyone trading tomorrow?? (today technically)
Ive written most of my CV, just need to include my trading career into it now, but was too tired to do it over weekend.
And then need to write my trading cover letter.
Ive already sent off the form so i can get my rent covered by the government, need to send bnak statements for last 2months to prove that im low earner / unemployed with no income,
and so they should arrive in the post at my family house
(never changed my address that the bank has on file when i moved to my apartment, so they couldnt ever even start court action agaisnt me/try getting balif agency to write me letters to try worrying me into paying them money!)
But when they come i will post them off too, and then i should start gettin £650+ per month paid into my bank account, (will be backdated to today as the will have got my initial form today).
So once that is all processed and sorted and im getting the cash in that will atleast relive alot of the stress of having to waste my own money on paying rent each month,
especially when my landlord is a completely useless fat little prick!!
But i will then still need to make £400 per month to pay for my food, alcohol, sky tv n internet, travel.
I have just over £3,500 at moment.
And while i know that i could trade at just £1 t £2 per tick with that, only make about 6 t 8 trades per month at extremely easy trade opportunities, and get by covering £400 per month without much difficulty form that,
im going to have to have the operation at end of feb/early march that will cost me roughly £3000.
Maybe more...
And i really really dont want to risky losing any of it by trading now, and then not have enough for the operation.
So im just going to have to hope i can fiind some other way of raising a few thousand to have as trading capital before the end of the month. :eek:
I have also been looking again at becoming a firefighter (as i had been planning on ether joining the spanish police or becoming a firefighter since i was 8years old)
Only started trading in any form by total accident just over 1year ago,
and started it as fulltime career just over 6months ago.
The only thing that is stopping me being a firefighter is that they have very very technical restrictions about eyesight without contact lenses.
However their website is extremely unclear about it, and doesnt say if you can wear lenses while doing the job, but have to still have a certain level of eyesight normally.
Or if they dont allow you to wear lenses at all, and so need your eyesight to be at a certain level so you can do the job without them.
(Theres no fuking way i could do the job without my lenses, dont even feel comfortable walking around my flat without them or my glasses).
But if i could become a fire fighter, maybe even partime so have lower pay so still be able to get rent covered from government and work less days that would be even better! hehe
But if i did do it fulltime id be working 4days on (2days/2night shifts of 9hours each shift), and then get 4days off.
SO could technically work as firefighter for the 4days doing job that i enjoy and like doing and would be physically good at,
and get £26,000 per year guaranteed from that.
And then work as a trader from home for the next 4days,
doing a job that i love the money from,
and love the feeling and money after ive cashed in a profitable trade and so have no open trades!!
And could be earning potentially £80,000 t £100,000+ per year if i can earn like i did for the majority of the weeks for the last half year. 
Ive written most of my CV, just need to include my trading career into it now, but was too tired to do it over weekend.
And then need to write my trading cover letter.
Ive already sent off the form so i can get my rent covered by the government, need to send bnak statements for last 2months to prove that im low earner / unemployed with no income,
and so they should arrive in the post at my family house
(never changed my address that the bank has on file when i moved to my apartment, so they couldnt ever even start court action agaisnt me/try getting balif agency to write me letters to try worrying me into paying them money!)
But when they come i will post them off too, and then i should start gettin £650+ per month paid into my bank account, (will be backdated to today as the will have got my initial form today).
So once that is all processed and sorted and im getting the cash in that will atleast relive alot of the stress of having to waste my own money on paying rent each month,
especially when my landlord is a completely useless fat little prick!!
But i will then still need to make £400 per month to pay for my food, alcohol, sky tv n internet, travel.
I have just over £3,500 at moment.
And while i know that i could trade at just £1 t £2 per tick with that, only make about 6 t 8 trades per month at extremely easy trade opportunities, and get by covering £400 per month without much difficulty form that,
im going to have to have the operation at end of feb/early march that will cost me roughly £3000.
Maybe more...
And i really really dont want to risky losing any of it by trading now, and then not have enough for the operation.
So im just going to have to hope i can fiind some other way of raising a few thousand to have as trading capital before the end of the month. :eek:
I have also been looking again at becoming a firefighter (as i had been planning on ether joining the spanish police or becoming a firefighter since i was 8years old)
Only started trading in any form by total accident just over 1year ago,
and started it as fulltime career just over 6months ago.
The only thing that is stopping me being a firefighter is that they have very very technical restrictions about eyesight without contact lenses.
However their website is extremely unclear about it, and doesnt say if you can wear lenses while doing the job, but have to still have a certain level of eyesight normally.
Or if they dont allow you to wear lenses at all, and so need your eyesight to be at a certain level so you can do the job without them.
(Theres no fuking way i could do the job without my lenses, dont even feel comfortable walking around my flat without them or my glasses).
But if i could become a fire fighter, maybe even partime so have lower pay so still be able to get rent covered from government and work less days that would be even better! hehe
But if i did do it fulltime id be working 4days on (2days/2night shifts of 9hours each shift), and then get 4days off.
SO could technically work as firefighter for the 4days doing job that i enjoy and like doing and would be physically good at,
and get £26,000 per year guaranteed from that.
And then work as a trader from home for the next 4days,
doing a job that i love the money from,
and love the feeling and money after ive cashed in a profitable trade and so have no open trades!!
And could be earning potentially £80,000 t £100,000+ per year if i can earn like i did for the majority of the weeks for the last half year.
Sup usman!
My charts are giving me inconsistent directions at the moment, so I am little confused. On the daily bars, I see lower highs (bearish) but on the hourly bars I see higher lows (bullish) and on the 5 min bar (which I trade off of), it's completely mixed up, so I can't pick up any patterns.
I am still trading tomorrow though, but only during the early session. I got some business take care of and won't be able to monitor the market for much of the day session.
Good luck to all!
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