5% - 10% profit per day trading

[InvestVision]

Quote from usman88:

anyone knows wht caused the rise and fall?

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahouWo7b06V0&refer=home

but I do not think the above link news is real reason, i think it is small short squeeze.

for me when price abruptly rises like today , the indicator weather this rise is true or false check that month options.
for example crude 44 strike CALL options only up by 30 cents trading at 120 when crude touched 42.20 so that is the indication this is going to drop
currently at 40.40 still good short

 

[usman88]

Quote from InvestVision:

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahouWo7b06V0&refer=home

but I do not think the above link news is real reason, i think it is small short squeeze.

for me when price abruptly rises like today , the indicator weather this rise is true or false check that month options.
for example crude 44 strike CALL options only up by 30 cents trading at 120 when crude touched 42.20 so that is the indication this is going to drop
currently at 40.40 still good short

Can you please explain this link/relationship between option prices and sudden rise/fall?

 

[x2012]

Couldnt trade as much due to classes. Tried the system today on the mini-Dow, so the % return was much lower than yesterday. Still...another good trading day.

 

[clunk]

As promised here's my blotter.

5 trades this week, 4 long 1 short.

 

[usman88]

Today was my first day trading forex. Please keep in mind that it was a demo so in real results would have been different. I expect real profits to be around 20%.

I traded GBPUSD but also tried USDCAD and USDCHF. A stop loss was also hit on the GBPUSD trade.

I stopped trading around 8:00AM EST(Eastern Standard Time) so that I could focus on my oil trading. And as far as oil is concerned, I hedged my longs (using an interesting strategy which Ill share if it works) and I need the price to hit 4400.

Todays forex trades are as follows.

 

[elitejets]

Thanks Spanish!
A wild day on crude for sure, forgot it was the last day of Feb contracts. Apparantly the spike was the ETF's being squeezed.
Nic

Quote from spanish89:

for nic

 

[drjekyllus]

So Spanish, what is your overall P/L at this point? It is probably posted somewhere on this thread but there is too much BS to sift through.

 

[usman88]

And btw the max margin I used in forex was USD 13,000.

Anyone knows when voting on the stimulus package is going to take place?

 

[elitejets]

It was the last day of the Feb contract and there is contango. The March price was $5 higher and the ETF's (USO) I think had to settle their positions.
It was a fun ride down the spike again!
Nicola

Quote from usman88:

anyone knows wht caused the rise and fall?

 

[usman88]

Quote from elitejets:

It was the last day of the Feb contract and there is contango. The March price was $5 higher and the ETF's (USO) I think had to settle their positions.
It was a fun ride down the spike again!
Nicola

what are you talking about?
Feb contract expired last month around the 20th. ETF explanation may be possible but were they really holding this much shorts
just look at the volume