5% - 10% profit per day trading

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i always short spikes lol, i don't know. i cashed out one of my shorts already with 23 ticks and will prob sell my other. i have optimistic goals for whenever i'm trading, but they usually just turn into very short term scalp trades.

edit: i guess i'm trying to say, i'm a very short-term trader, and it's been working for me, but i want to change that. and oil look like it could go either way here, catch up with over-sold stocks, or spike up since it's been propped up by something or other today.

edit2: out at 44.25
 
aloha, sorry to hear about your losses mate. :(


Oil is holding up extremely strongly though, especially with the dow under 6700.

So i am gong to wait till oil is above 46.86 before selling it.


I added a 2nd long to my dow trade, and now just waiting for it t hit my target at 6732
 
Quote from spanish89:

Im looking at oil and i like the idea of buying at 41.26 if we get a quick dip, with target of 42.86

However oil is only up cos gasoline is up nearly 6% and heating oil is up nearly 3%.

Dow is down nearly 200points though and dollar stronger, and so i personally wouldnt risk buying oil today as itts too risky.




P.S For the pricks who are saying that ''ive lost money because my style of trading and that i didnt adapt to recent conditons...

Im not sure if you have actually looked at my trades and actually looked at them in correlation to the chart,
but NONE of them, not 1, didnt at 1point clear into profit at 1point. (cleared 12ticks).

And ive made maybe 160trades over the last 4months, all with set stoplosses and set targets.


In these 4months only 2 trades out of those 160 would have actually hit the stoploss before hitting the target!!


The 1 and only reason that i have lost 597ticks this month is becuase since the new year i started trying to be cautious,
and so started taking losses, even when it was very likely that it was near the worst time it would get, i took the losses eachtime to be cautious.

(None of them was actually nesesary to be taken though, if i had enough capital to not be in fear then i wouldnt have been scared into taking them, would instead of been abel to hold them for a few hours longer,
and would be up just over £26,000profit for this month!!)



But i got cautious, knew i had extremely little capital that i cant afford to lose, and so did the cautious thing of taking losses instead of holding out,
and lost money as a result.




Just because i am under financial situations that dont allow me to trade properly and take sufficient risk,
it has nothing to do with my technical analysis skills and daily market analysis and calls.


Im not gna get into a big argument on here with anyone,
but if my daily technical analysis is so shit then why do so many people keep coming on here everyday to view it and follow it??!


And why is it that me, the guy who is crap at trading,
is the 1 who does 90% of technical analysis everynight for the nextday, which has been accurate eachday..,

But why is it that the people who are now the traidng masters of the world, and who are going to be millionaires in a few months at the rate they calim to be going NEVER EVER EVER post even 1 live trade call or give their tech analysis in advance??? :eek: :D :p :mad:
More...

have u ever thought that some pple hold positiosn in 30 seconds or less and cannot give u any call
 
short 44.15
stop 44.50
target... under 44.00?

ok HO is dropping like crazy, the dow is dropping, but RB and CL are still up. i don't think it'll hold.

update: stopped out. urgh, shoulda taken it when it dipped below 44.
 
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