5% - 10% profit per day trading

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And in relation to you saying ''i failed''... :cool:

People can hate me as much as they like, hate teh style that i trade in as much as they like...

But the physcial and numerical facts are-

I started with £759, had a rent+living costs of £1,300 per month, and so from a trading account of starting with £759 i had to withdraw £1,300 per month, everymonth, regardless of how much or how little i had earnt.
And from June till Christmas i earnt just under £32,000 tax-free profit, and WITHDREW just over £26,000 of that.

(Not my claim or opinion, just facts of what i did)


I started this new year with Roughly £7,500 capital, withdrew £2,000 from 1st jan till now,
and have just over £1,000 in withdrawal from the account at the moment.

So i lost just under £5,000 though by being too cautious n taking losses.
Fair enough, thats trading, if you take a loss then you lose money.



The fact still remains that the £26,000 that i withdrew last year + the £3,000 that i withdrew this year has all been pure lovely tax-free profit.
And so losing 5k in 2bad weeks doesnt really make me feel very upset anymore, since i still turned £759 into making me nearly £30,000 cash that i kept and spent. :) :D :cool: :p
 
Quote from Millionaire:

Do you think you will give full time trading another go in the future?
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I left fulltime trading for a career in the Security Service because this is what id planned all my life to do,
and since i found fulltime trading EXTREMELY boring and and dull now.

(Its fun chatting on here to you guys, but sitting on my sofa everyday listen to the same songs on music channel on tv while i stare at the same charts n do the same thing everyday.... Its just so boring!) Lol


So no, i very very much doubt i will giveup my new career to go back to the sofa n music channel. :cool: :p

I will still be trading with you guys though,
But will just will be position trading in the style that i explained yesterday.



The next time il be doing any fulltime trading for a sole income will be when im retired though... :) :cool:
As itd be a nice fun way thing to do then for sme extra cash ontop of my pension.
 
Quote from MohdSalleh:

now u have a job u cant receive anymore benefits tho
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Yea i know... lol

The benefits under 25s get are totally and completely pointless anyways though! :p

If your under 25 the highest you can get and it depends of the area you live in and how expensive it is (if you live in central london or surrey where i live you get the highest rate) but its only £360 per month for rent.

£360 barely covers my monthly food and alcohol budget! :D :cool: :p
Let alone someone trying to live on that.


Il be earning a basic salary of £2,203 per month so wont need any benefits.
But im not gna tell the benefits service that ove started work till after ive done my 1st months work and when i get my 1st pay cheque... :D

So will still get paid benefits during that month while im working n earning.
+Am gna do the same with cancelling jobseekers allowance only at the end of the 1st month of work,
so am gna be able to scam an extra £360 + £180, which i can use to offset the tax il now be paying. :p
 
Quote from spanish89:




You doing really good though mate. :)
Do you enjoy this job and lifestyle alot more than your previous one then??
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Thanks mate.
I know what you mean about things getting boring. Like you said, we are sort of at opposite, lol. I went straight into various fulltime jobs after college but after a while i really started to HATE work. My last job as a logistics administrator was actually within 10 minutes WALKING distance from my house and I STILL dreaded getting up in the morning and going to work, lol.

Once im at a point where I know I can 100% guarantee making a good few hundred pounds per day, im gonn take lots of vacations and stuff so that i have things to lookk forward to. I don want to get ahead of myself though because at the moment i am not quite there yet in my opinion.

As for whether I enjoy this life style more? I have to say, I really really do! I dont think its for everyone. I really dont miss interacting with people at work. Them people weren't even my friends really...just work colleagues. I get my 'social fix' when I finish trading for the day and hang out with mates and stuff.

I only have one friend whose 'job' I am a bit jealous of, and he travels around the world partying with celbrities and earns good money. (I think he is an executive for a big london hotel and part of his job is schmoozing with important clients making sure they keeo their business.)

Im not making a fortune yet though, but as long as im making at least £100 per day (which is nothing really) i have no intention of going back into the 'working world'.

However, I dont want to spoil it for you. We are all different like I said, and you haven't really had a chance to experience that side of working yet, and you might really like it.

Happy weekend!!
 
Quote from spanish89:

And from June till Christmas i earnt just under £32,000 tax-free profit, and WITHDREW just over £26,000 of that.
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Well done for making so much money.

But if you dont mind me asking, what did you do with all the money you withdrew. Maybe you spent 1K a month on living expenses but that still leaves 20K.

Did you buy a car, go on a few nice holidays... or did you piss it all away? (Which aint neccasirly a bad thing for a single 19 year old to do..).
 
Quote from Millionaire:

Well done for making so much money.

But if you dont mind me asking, what did you do with all the money you withdrew. Maybe you spent 1K a month on living expenses but that still leaves 20K.

Did you buy a car, go on a few nice holidays... or did you piss it all away? (Which aint neccasirly a bad thing for a single 19 year old to do..).
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Thanks mate.. :)

1k per month on living expenses though?? :eek: :confused: :p Lol
I would love it if i could get my living costs down that low,
but i drew-up a budget sheet to try cutting my life costs and the lowest i can go is-
£800 per month rent,
£160 food,
£100 alcohol,
£36 sky tv/internet (dont pay tv license though),
£26 per month mobile phone contract,
£40 cleaner,
£50-£100 travel.


So the ultimate ultimate lowest life cost is £1,200 per month,
and that would be if i only spent £5 per day on food! Lol

(o could have my 1daily kebab for £3.80, and then only other meal i could have that day would be portion of chips or something like a sandwhich,
couldnt get a pizza too.



But back when i was hitting it big and raking in thousands weekly i used to splash out on 'whatever' i wanted. lol
If i wanted to go down the street to shops and it was raining id have a taxi drive me the 200meters for £4.
When i went out clubbing id buy £100+ bottles champagne.

And i mainly wear suits when i got out anywhere, so spent just under £8,000 buying 6 suits.
 
http://finance.yahoo.com/news/Europ...68550.html?sec=topStories&pos=3&asset=&ccode=

European markets down after last week's gains

European markets fall as investors book profits; Asia markets rise ahead of US earnings

"Generally speaking, we are just seeing a bit of profit-taking coming through," said Stephen Pope, chief global markets strategist for Cantor Fitzgerald, adding that markets were "very much buoyed" by the reports from the likes of Goldman and JPMorgan last week.
 
crap woke up late. i had a sell order set for 51.00, in case we were going down. closed out just now. anyone trading oil today? i'm going to see how far we retrace before getting back in short.
 
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