5% - 10% profit per day trading

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I am watching ARod on Bloomberg rigth now talking about his steroids use. The reporter asked him what made him stop and he said he stopped using it 3 years ago, because he grew up and also because MBL started testing for it :D
 
Just got stopped out at 38.5 and took a -$1500 loss

Was hoping the market would give me a bounce so I could trade out of this position, but it didn’t happen.

It's hard to believe this is the same market that went up 8% on Friday.
 
Sorry to hear about your loss again mate.. :(


Ive been looking at the market movement since this year started and so have decided to start using a slightly changed trading method now that the conditions have changed... :)


Anyone else who is interested is welcome to join me in using it.. :cool:
 
Quote from lemeeeplay:

Just got stopped out at 38.5 and took a -$1500 loss

Was hoping the market would give me a bounce so I could trade out of this position, but it didn’t happen.

It's hard to believe this is the same market that went up 8% on Friday.
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What % of your account was that?
 
Quote from spanish89:

Sorry to hear about your loss again mate.. :(


Ive been looking at the market movement since this year started and so have decided to start using a slightly changed trading method now that the conditions have changed... :)


Anyone else who is interested is welcome to join me in using it.. :cool:
More...

Sure, whats your new strategy?
 
Quote from porph:

What % of your account was that?
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This $1,500 was 13% of my day trading account. My IB account balance was $11,220 last Friday, but now down to $9,735. :(

I got another account at e-trade which is my long-term account with $40,000 capital. On that account, I am currently sitting with a $5500 unrealized loss or 14% on 1300 USO that I picked up @ 28.06 which is at 23.55 right now. I am waiting for a bounce to unload that position.
 
Has anyone ever had problems with IGindex's charts?

I had Vista installed following a computer problem last week and since then IG's charts close down after about 5-10mins without warning or displaying any message.

Very annoying.
 
Quote from lemeeeplay:

Sure, whats your new strategy?
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Aloha mate,
ok well i developed my new stratergy while looking and applying for jobs.. :)

Cos i kept seeing 4days on/4days off, and stuff like that...,
So i started then thinking about oil being on for a few day then up off the other way for a few days.



So my new stratergy is called '2days on/1day off'... :cool:

Il basically keep my method of waiting for big elongated overdone moves, then waiting for the head&shoulders reversal formation to form, then entering the trade off the right shoulder..
Since that has been working extremely effectively to nail decent entries.

However, previously we were getting 26-80 spikes in both directions during each day that could be traded off..,
Now there are only 1-4moves per day, and they take hours-days
to complete what used to take seconds t minutes.

So im going wait for 2days of elongated movement, till the move is clearly overdone (8%+), and then on the 3rd day il enter my trade at the strong reversal formation (if we get one that day), and then hold it for between 1.26dollars t 2.30dollars.

(Maybe more if its a fast move up or bullish fundamentals)


Then il get out of the trade, and hope it rises more that day and rises even more the next day,
and then will redo the trade on the day after for the reversal after the overstretch of that move... :)


So 2days of movement (8%), solid reversal formation, enter trade then and hold for 160ticks+ if can... :)
 
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