5% - 10% profit per day trading
- Thread starter spanish89
- Start date
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we're going to test today's high of 61.00.
Quote from spanish89:
Aloha, ive seen so so many people saying that its impossible to even make 10% profit per month trading, some even say 10% a year is something to celebrate....
I don't understand this though, as ive been trading for almost 1year now, went through basically every problem out there, lost alot of money, but then learnt from my mistakes, the biggest of which was listening to other people! lol
So since i started trading full time, everyday, for my career over 2months ago ive only had 3days that i actually lost money not profited.
And starting from an account of just £700, which was all the money i had in the world, i have built it upto an account of over £4,000 now, all at just £1 tick, averaging a daily profit of between 3% to 15% per day, each day!!
I kept all my trades in my daily trading journal on t2w.com, and now as ive left that site due to lost of contreversy... LOL
Im keeping it on here.
So im going to make this thread my new journal, and see if i can keep hitting my daily targets!!
(I need min £1,000 per month for rent/living costs, but im currently now averaging about that per week, so going to try keeping that up).
Good luck trading
Spanish, hitting 5%-10% a day was the original topic for this thread. Now that you have been at it for awhile have you reached a conclusion on whether or not you can hit 5%-10% a day?
ALoha mate, yeah the conclusion was that yea it is do-able,
since i did it most days of the week for quite a few months back when i was doing this fulltime for a living.
However you need-
Lots of good volatility, to withdraw every few days, and to have LOTS of spare money sitting in your bank account as safety money.
Plus you need to really really want to do this for your whole life and career and most importantly you need to ''enjoy doing it''.
I no longer talk in percentages anyways though mate...
Since they are for when your comparing your relative performance to other peoples,
which i used to do constantly. lol
But now i just do this for some easy extra cash each month.
Not hate doing it, but like the feeling and reward after having done it, like i felt.
seems we settle at best 6030 by 14:30 EST
Quote from spanish89:
ALoha mate, yeah the conclusion was that yea it is do-able,
since i did it most days of the week for quite a few months back when i was doing this fulltime for a living.
However you need-
Lots of good volatility, to withdraw every few days, and to have LOTS of spare money sitting in your bank account as safety money.
Plus you need to really really want to do this for your whole life and career and most importantly you need to ''enjoy doing it''.
Not hate doing it, but like the feeling and reward after having done it, like i felt.
Certainly agree with the spare money in the bank account. Scared money is never rational money.
Good luck
IEA: downturn sets up surge in oil prices
------------------------------------------------------------------
LONDON -- Energy investment is "plunging" because of the recession, paving the way for
oil-price surges within three years, the International Energy Agency warned in a new report.
The Paris-based watchdog for the world's major energy-consuming nations said that in recent
months, oil companies and investors have canceled or postponed about $170 billion of investment
equivalent to roughly two million barrels a day in future oil supply.
An additional 4.2 million barrels a day in future oil-supply capacity has been delayed by at
least 18 months as companies slash spending.
The study will be presented to energy ministers from the Group of Eight industrialized
nations this weekend in Rome and to G-8 leaders at a July summit.
The report highlights the growing risk that the crude supply -- though currently abundant
because of weak global consumption -- could tighten quickly once the world economy gets back on
its feet.
"What we're saying is that come around 2012 the impact of this big recession on oil
investment and capacity, if current trends continue, could be severe with much higher oil
prices," said IEA chief economist Fatih Birol. The IEA is funded by the world's 28 biggest
energy-consumers, notably the U.S. and Japan. It has long argued for more aggressive investment
in building oil capacity.
The report, which was reviewed by The Wall Street Journal, also notes that most delayed or
canceled projects are located in politically stable non-OPEC nations like Canada. Those
resources take more years to develop than crude oil found in the members of the Organization of
Petroleum Exporting Countries, which is typically easier and cheaper to get out of the ground.
The rate at which world oil demand recovers remains a critical -- and unknowable -- variable.
Several governments in the developed world are advancing energy-efficiency measures, which
could temper the rise in oil prices as demand recovers.
The IEA estimates oil demand this year will fall by 3%, the sharpest drop in about 30 years,
to about 83 million barrels a day.
Many analysts, however, say they believe crude prices in the next few years could again soar
over the $100-a-barrel mark seen last year because of two factors: relatively rapid energy
consumption growth in emerging markets like China and the fact that much of the world's
easy-to-tap oil is already discovered.
Benchmark crude prices on Tuesday closed up 62 cents at $59.65 a barrel on the New York
Mercantile Exchange.
Through criticized at times for missing some industry developments, the IEA is still seen as
one of the most reliable energy statisticians in the industry, in part due to data from its
member countries.
The agency said Canada, with the world's second-biggest proven oil reserves after Saudi
Arabia, has been worst hit by falling investment.
Around 15 Canadian oil-sands projects involving 1.7 million barrels a day in production
capacity and $150 billion of investment have been suspended or canceled. Oil sands yield a
viscous and expensive-to-produce crude.
But oil sands usually need at least $55 to $60-a-barrel crude prices to be produced
profitably. Oil has traded below that level since late last year.
------------------------------------------------------------------
LONDON -- Energy investment is "plunging" because of the recession, paving the way for
oil-price surges within three years, the International Energy Agency warned in a new report.
The Paris-based watchdog for the world's major energy-consuming nations said that in recent
months, oil companies and investors have canceled or postponed about $170 billion of investment
equivalent to roughly two million barrels a day in future oil supply.
An additional 4.2 million barrels a day in future oil-supply capacity has been delayed by at
least 18 months as companies slash spending.
The study will be presented to energy ministers from the Group of Eight industrialized
nations this weekend in Rome and to G-8 leaders at a July summit.
The report highlights the growing risk that the crude supply -- though currently abundant
because of weak global consumption -- could tighten quickly once the world economy gets back on
its feet.
"What we're saying is that come around 2012 the impact of this big recession on oil
investment and capacity, if current trends continue, could be severe with much higher oil
prices," said IEA chief economist Fatih Birol. The IEA is funded by the world's 28 biggest
energy-consumers, notably the U.S. and Japan. It has long argued for more aggressive investment
in building oil capacity.
The report, which was reviewed by The Wall Street Journal, also notes that most delayed or
canceled projects are located in politically stable non-OPEC nations like Canada. Those
resources take more years to develop than crude oil found in the members of the Organization of
Petroleum Exporting Countries, which is typically easier and cheaper to get out of the ground.
The rate at which world oil demand recovers remains a critical -- and unknowable -- variable.
Several governments in the developed world are advancing energy-efficiency measures, which
could temper the rise in oil prices as demand recovers.
The IEA estimates oil demand this year will fall by 3%, the sharpest drop in about 30 years,
to about 83 million barrels a day.
Many analysts, however, say they believe crude prices in the next few years could again soar
over the $100-a-barrel mark seen last year because of two factors: relatively rapid energy
consumption growth in emerging markets like China and the fact that much of the world's
easy-to-tap oil is already discovered.
Benchmark crude prices on Tuesday closed up 62 cents at $59.65 a barrel on the New York
Mercantile Exchange.
Through criticized at times for missing some industry developments, the IEA is still seen as
one of the most reliable energy statisticians in the industry, in part due to data from its
member countries.
The agency said Canada, with the world's second-biggest proven oil reserves after Saudi
Arabia, has been worst hit by falling investment.
Around 15 Canadian oil-sands projects involving 1.7 million barrels a day in production
capacity and $150 billion of investment have been suspended or canceled. Oil sands yield a
viscous and expensive-to-produce crude.
But oil sands usually need at least $55 to $60-a-barrel crude prices to be produced
profitably. Oil has traded below that level since late last year.
short 61.70, target 61.40.
- Status