5% - 10% profit per day trading

Status
Not open for further replies.
Quote from MJUK:

stopped out for 54 tick gain.

will look to reestablish short position if opportunity arises.
More...

nicely done mate.. :)


Im still in the trade as it topped at .27,
and so am just hoping it re-breaks through 46.90s and down through session lows.

Although teh housing numbers were annoying as they are causing floating now
 
I believe this drop is a fake out and it is going back up to maybe over 49.00 sometime today. Just looking at it and even though it dropped it was not convincing.
 
I just took the close at the low of the spike at 46.68

Loss of 53ticks, but 3contracts. :(



Still 130ticks better than if id panicked and taken the loss at the highs. :)


And it was my own fault for making this trade, when i knew that it was a trend chaser trade, not an opportunist one.

I saw that itd come down from high 47s to the high 43 straight, so about 8-9% straight down drop.


And so i knew full well how i shouldnt sell there, but i took the risk, and as a result i had to take the strain all yesterday n today, and take this loss.


Im not gna make anymore trades till next contract starts for me(friday), as end of contracts are always dodgy.




hopefully oil will rocket now though instead of falling.


:)
 
Status
Not open for further replies.
Back
Top