5% - 10% profit per day trading
- Thread starter spanish89
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Quote from candles:
LOL....You need to get better with yours photochop skills
Your numbers aren't even in a straight line!! LOL
I know,
but i guess im not as skilled as some other people are at doing 'geometary'!
+ i am actually really really ill now, alot worse thna before the weekend, so i have an excuse to find it hard at keeping my hand t eye co-ordination in balance.
But ok back to the market-
is anyone actually gna trade oil tomorrow??
And if so what style of trading will you be using??
I will be out in london from about 2pm t 6pm at hospital appointment,
but will be looking at gold in the morning,
as im interested in taking a reasonably sized long position in gold when it dips to its low,
and have a target of $1,600.
(longterm position trade)
Quote from spanish89:
got a feeling it will be looking like this in a few weeks though!
Why don't you go the all way and post screenshot the trade you took. Of course on demo account and only one which works.
You can do that retrospectively no problem and get your buddy or you can register another nick. Then your other nick can say you are the most consistent trader ever seen best thing since sliced bread.
And two nicks of yours can keep kissing each arse and say how great each other are. How about that may be newbies and might contact you and you can charge them for tips or system in the future as you have established your reputation already in spanish thread if they need proof. .
.Ahh well you've seen how it goes... lol
We never ever actually post screenshots of the trades from abn ambro accounts,
since well thatd be too much effort.
Ive just been watching that final episode of million dollar traders', that program on the bbc about all those newbies,
and im very glad i did watch it just now as its replenished my hunger for the markets and getting back to tearing huge chunks of money out on a daily basis!
Since i have spent the last 3weeks on here constantly doubting myself and my trading ability,
letting fear due to my personal financial situation takeover and control me, and so result in me cutting all trades within 40ticks of profit / getting odd surges of over confidence and holding trades for too long and so letting profit turn into big big losses and then taking the trade off at those.
But watching that program i saw that these 8people traded for 2months, the same 2months that i traded in,
They all have strong perosnal financial stability in jobs that pay regular salaries so have no money worries,
They got given £100,000 of someone elses money and were actually told to risk all of it...
And yet they were actually being congratulated for 'only losing 1% to at best earning 1% profit, and taking 2months to do that!! :eek:
Even the guy who gave them the million quid was saying that he was pleased to have only lost 2.5% over those 2months! :eek:
(And they were all trading futures, just like us.
So wasnt a case of they could only buy, and lost money as teh markets crashed because of that).
So the more and more i then started to look back over all my trades that i made each week for all the months,
and saw how many 100% profit i have been consistently making every week,
and how close to 3,000% profit i have reached over these 5months,
i feel that i have been way way wayyy to hard and harsh on myself for justifable reason.
Simply to get my frustration out about losing some money some days, and due to my extreme ambition getting angry when i didnt make even more money the rest of the days.
But i do now really see how seriously extremely over the limit i have been pushing myself,
and the ridiculously high amount of pressure i have been putting myself under for all these months by not only trading with such ridiculously low amount of capital even compared to the standard 'work-from-home trader',
But by also demmanding myself to make such high returns everyday,
and then upping my size to such high levels so fast...
If i hadnt taken this break now it cant have been many more weeks left before i did just have a heart attack 1day while scaling a profitable trade up as opec news was breaking or something like that!
Ive got just over £3,500 capital at moment, gna have to withdraw nearly all of that within next 2weeks for my operation,
but hope to be able to get back atleast £2,000 from another source,
And then il be trading at just £1 t £2 per tick to rebuild that as my personal capital, and so posting my daily market analysis and calls on here again like normal,
But will mainly now focus on getting through interviews for futex and other trading firms.
Im about to finish the final part of my CV,
ive shown it to porph and 2other guys on msn,
but if anyone else is interested in looking at it just private message me...
operation? isnt nhs FREE
Nhs is free, but the operation is needed as a followup to an internal problem created by a cosmetic operation just over 1.5years ago.
(that one cost me £3,600)
This recession has caused major cutbacks in nhs hospitals,
and so they say that they can only do it for free if 'it gets to the emergency stage'.
However the reason i need the op done so soon is it could technically get to emergency stage at any minute of any day,
but if it got to that stage then it would be life threatening and extremelyuncomfortable and dangerous and my oxgyen slow would be severely resticted.
And so i really really dont want to manage to get a job in futex, be sitting at my desk trading in a few months time,
then suddenly keel over and start gasping for air!!
LOL. I thought the same thing.
Spanish I like that little photoshopp thing you did with that ABM broker, lol. Although, I reckon that the posters who use them are genuine and you're maybe a bit jealous because they managed to keep their profits whereas you blew up
Might be goot tho if you do get offered a job at futex. They will teach you about risk and stuff and it might turn you into a trader? (or not)
Quote from paul_alan:
LOL. I thought the same thing.
Spanish I like that little photoshopp thing you did with that ABM broker, lol. Although, I reckon that the posters who use them are genuine and you're maybe a bit jealous because they managed to keep their profits whereas you blew up
Might be goot tho if you do get offered a job at futex. They will teach you about risk and stuff and it might turn you into a trader? (or not)
lol
Dw i wont even tell them im spanish! lol
Can i just ask why everyone keeps saying that ive ''blownup'' though??? :eek:
I havent 'blown my account'. lol
Even after taking so many boig losses as worst times this month, overall im still up over £2,000 since the start of December.
(Made £8,000profit in december, lost nearly £6k since the start of this year)
The only reason why im taking a break from trading is cos the amount of stress im putting myself under by trading with such low capital just isnt worth it,
when i can just get housing benefit for free instead.
And in regards to other traders who posted extremely big claims with their abm screenshots,
You can call me as paranoid or untrusting as you like, but im not stupid, and i know enough about human pyschology and nature to know that no-one;
Goes out of their way to quit their job in early october (the height of the econmic fear and panic when everyone else is terrifieid of losing their job),
has only £2,000 left in the world (2months living cost),
and decides to put all this in a spreadbetting account and risks all of it every trade every day for a few weeks atleast, convinced that they can afford to take this risk with their life just because they saw some random guy on an internet website forum making a few hundred quid per day from his account.
Then after barely 2weeks of doing this they decide to go on a luxury 2weeks holiday, as by now they are already rich and stable enough financially to be able to afford that sorta of lifestyle!!
And then over the next 10weeks that 2k that they started with has by now made them over £80,000 profit, in just 10weeks!!!
:eek:
Yet unlike every single other human, instead of getting extremely overwhelmed by having such a ridiculously huge amount of money there,
they just take it all calmly in their stride and everyday they knock out a few thousand quid more while being asleep most days even!!
Im sorry but what can i say, if something smells extremely ridiculously fishy like that then i call it shit!
And i really really do hope i get the job at futex, as its just 5mins bus away from my flat...
I will be joining through the experienced trader route though, not as a 'trainee trader'! lol
(Ive said it so sooo many times but i will say it 1 final time,
i do have an extremely wide deep understandstanding about risk:reward ratios, the dangers of risking too much % of your capital in any 1 trade, and the downsides of holiding a losing trade for too long).
Just because i often trade with a very wide stoploss doesnt mean that im some sorta idiot who doenst understand the potential dangers of what im doing. lol
I honestly do,
and i dont like bing in a situation where my only viable option is to use very very big stoplosses.
But the reason why i have to trade using them from my personal trading account is because when you have extremely low capital but cant afford to 'not earn a double digit profit return on your capital each week',
taking lots of small losses would be the thing that will kill your account.
Since if you have 3k, need to make 1.5k per month, you realisticly need to trade at £3 per tick.
£3 per tick, 12ticks spread, risking the min 40ticks per trade= £120 loss per trade.
You get chopped out 5trades in a row, not unlikely at all when your under pressure trade and the market is as choppy as it is at the moment,
you will have lost £480.
So you would then have just £2,500 left, and will have to now earn £2,000 profit from that to just break even when you withdraw from your capital at the end of the month.
You have a few more small losses even and your then gna be even deeper in shit, and every single trade you take for a loss will cause even more stress and pressure on you.
(especially if after you get stopped out the market reverses in what would have been your favour).
However if you say 'ok im either gna make it and buildup capital to a level where i can actually live without constant fear, or im just gna lose it all fast and get it over with',
you wait for a good entry after a big big move in 1direction, enter on the reversal formation at £3 per tick, $5s stoploss, target maybe $1s t $2s, maybe more if you trail it with stoploss...
You will then either get totally fucked and have 1 trade left in you,
or you will make it maybe 15 t 20x, so have built up to a more decent amount of capital from which you can then start trading with less fear,
and maybe will then even have builtup enough to be able to use a tight stoploss...
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