5% - 10% profit per day trading

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Quote from spanish89:

nicely done guys... :)

Im feeling sooo bored of just sitting around browsing jobs all day and sending CVs! :(


Want to get back into the trading action and start raking in the cash again.
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Thanks mate!

Though the market has now reached 37.80
Had i held on to my long, I would have made close to $4000.

I hate it when this happens. I want to cash out and wait for it to go back down to 34 area so I could buy back again, but the damn thing never pulled back.
 
Hello everyone
I didnt post earlier because I was quite depressed. I realized a huge loss

The good thing is that this loss is from my profits and I can always recover it within a week.

The swing however served a great lesson for me. I tweaked my setup. Improved my rules and made a resolution not to break them. I am also thinking about getting them printed on a chart and hang them in front of my trading computer.

Moreover I am now also gonna start using stops on buy trades even if crude is at $10.

I will also be closely observing the behavior of march and april contracts till expiration because I believe these moves will set a benchmark for future and their proper study can earn good $$$ in future
 
Its strange how the energies are all going in different directions

march crude +11%
apri crude +1%
march gas -3%

I just hope crude closes near the top of the day. That would make it very bullish for the next trading day. If we lose most of the gains, then we'll be back in the stupid choppy range again.
 
Quote from usman88:

Hello everyone
I didnt post earlier because I was quite depressed. I realized a huge loss

The good thing is that this loss is from my profits and I can always recover it within a week.

The swing however served a great lesson for me. I tweaked my setup. Improved my rules and made a resolution not to break them. I am also thinking about getting them printed on a chart and hang them in front of my trading computer.

Moreover I am now also gonna start using stops on buy trades even if crude is at $10.

I will also be closely observing the behavior of march and april contracts till expiration because I believe these moves will set a benchmark for future and their proper study can earn good $$$ in future
More...

Good to hear back from you usman :)

Its boring here when you and spanish aren't active.
 
Quote from lemeeeplay:

Thanks mate!

Though the market has now reached 37.80
Had i held on to my long, I would have made close to $4000.

I hate it when this happens. I want to cash out and wait for it to go back down to 34 area so I could buy back again, but the damn thing never pulled back.
More...


Same...
I wanted to buy in the late morning at £2 per tick, but cos i withdrew the capital yesterday it wasnt in my bank today for me to upload it back to trading account.

So missed the 300ticks. :(


I feel shit cos every single day since the start of the year ive had badluck,
without even 1 exception! :(


Ive had profitable days, but everytime i cashed them in the market then crashes in what was my favour.
Got perfect entries but arely made anything from them cos didnt gamble and hold for longtime and just hope.
Made decent trades, at big size though so took big losses compared to my account size,
and minuters after taking every loss market started moving in my favour n then hit my target before it hit where my stoploss was set.
Then yesterday when i decided to not take a loss again but instead leave it till target or stoploss it tanks extreme amount to stoploss. (i moved stoploss to lower loss though).

We both just had shit luck all year mate.. :/



Hopefully from monday it will finally change though... :)

And just after i cash my trades in the market will then crash against the direction my trade was in like it used to always before... :cool:
And when i get the perfect entries my internet connection will start crashin again just after that, and so i wont be able to cash in those trades till its crashes a good few dollars in my favour.

Or when i make the trade and am about to cash in after 60ticks the market will crash the 2dolars that its going to eventually in under 1second before i get time to click the buttom to cash it in... :p
 
Quote from usman88:

short covering taking place as no one wanna go short in a long weekend
I believe we will close around 3950
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i hope it doesnt or il be seriously fucked off about having to take the loss yesterday at the low 35s!! :(

And not being able to get my long in today..
:( :(
 
even before the day opened alot of analysts and research reports indicated short covering and movement to 37+

If we look at the volume, its not even close to what took us to $33 which means there is a potential for upside THAT IS if people wanna cover their shorts.

Usually in the weekends we get huge spikes in the last half hour. Sometimes even in the last minute.

On the other hand I am praying that it goes up so that others who were long can get out safely.

Btw spanish I thought you blew your account? Coz i remember you saying you had around $3500 in your account?
 
Quote from spanish89:

We both just had shit luck all year mate.. :/



Hopefully from monday it will finally change though... :)
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yeah man, this whole year has been bad.

Its like this: I would enter a trade with a big $1 stop and the market would turn against me and hit my stop. Then I would enter another trade and see it turn against me, so I would quickly jump out only to see it crash in my direction a few min later :(

Days like that psychologically mess me up and I won't be able to effectively trade for the whole week.

I just hope that this is the beginning of a seeing $2-3 swings in oil like we used to see back in the day.
 
Quote from spanish89:

i hope it doesnt or il be seriously fucked off about having to take the loss yesterday at the low 35s!! :(

And not being able to get my long in today..
:( :(
More...

peak 38.25 reached already and fading now to 37s , it's peak is done for this contract ( till expiry )
 
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