5% - 10% profit per day trading

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Quote from lemeeeplay:


As for CL's loss of volatility, it reminds of tech stocks after the dot com crash in 2000. High tech stocks like YHOO, AMZN, EBAY, etc , that were swinging 5-10 dollars a day, had crashed to 20s price range and went into a .25-.50 choppy movement and never went back to normal high volatility. To trade volatility we need to trade things are in a bubble.
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In about 48 hours CL has dropped from 41.8 at one point to a low of 33.5. A fall of 20% in two days.

Its probably still the most volatile commodity out there.

The daily hi-low ranges in the last week have average between 300 and 500 ticks a day, that is still great volatility compared to the DOW, ES and most currencies.
 
Yeah that's true, but these extreme spikes are random and very difficult to trade.

Maybe I misused the word volatility, because what I really meant was that we are not getting those nice $3-$5 swings that we used to get in oil. For two weeks we were glued to the $41 level and there were those random $2 spikes that would come out of nowhere and would evaporate quickly.

I find this environment difficult to trade, because these movements don't generate a meaningful S/R pattern on my charts, which is my only indicator.
 
Quote from spanish89:

The chart on this wider timeframe doenst show the extent it dipped, but 33.52 was the low.
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Oh come onnn spandex89, trying to claim credit for a level you drew on a chart is one thing but that chart you posted had almost no room left for any more trendlines! Even a broken clock is right twice a day.

:confused:
 
Quote from lemeeeplay:

I just got bored and decided to do my 1st gold trade ever :)

Just shorted GC @ 939.10

$2 stop/exit
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That post makes you sound more like a compulsive gambler than a disciplined trader.
 
Quote from Businessman:

That post makes you sound more like a compulsive gambler than a disciplined trader.
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And your response makes you sound more like Sigmund Freud than a businessman.

Get off my nuts, if i am gambling its with my own money
:mad:
 
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