5% - 10% profit per day trading

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Quote from Blubaru_555:

thank you professor IV, that was informative... i'm still in the early stages of learning how to trade this oil stuff, last month was a wake-up call as i couldn't bring myself to long oil very often even though it went up day after day. mental block or something like xty said.

what phase do you think we're in now?
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hmmm........what phase...........i think just make money............play the odds with a very good risk reward ratio.........

Easier said than done........i wish i have a 10 yr old kid that sit infront of the computer and i just have to tell the kid do this if it does that.

seriously ...........Mental blockness
 
Quote from Blubaru_555:

@xty

not what phase "we're" in lol. i was asking what phase oil is in. read IV's previous post.
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thats what am telling u............dont back urself into a corner....... the phase we in seriously means nothing............if crude oil drops $5 in one day would u still go short that day sayinging we in a down phase/
 
Quote from xty:

thats what am telling u............dont back urself into a corner....... the phase we in seriously means nothing............if crude oil drops $5 in one day would u still go short that day sayinging we in a down phase/
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Can i just ask why you use so many ...........s mate,
instead of just writing in sentences n paragraphs?? :cool:
 
Quote from spanish89:

No stop, since this is an investment not a 'scalp trade'. :)


I sold beacuse oil is overdone on its up spike over the last few weeks,
which has been too much, too steeply.


And so it would be pointless for someone to ''sell after its risen a certain amount too much, just to then (cut the trade for a loss, so be saying you would 'buy' at an even higher level)''. :)


Im in no rush though anymore,
dont look at the charts during the week.

Have just set a text-alert so when my target price is hit il get a text to let me know i have a few hundred pounds extra cash.. :)

And thats all i care about, dont really mind when it happens, since i have enough money from my normal job now.
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Hi spanish89
Are you now saying that this trade was only on a virtual trading account?

I am just now starting to learn about trading and am on a virtual account aswell. I have started a thread called 'sim traders p&l'.

Ive been concentrating on the dow and emini futures but have only just come across this interesting thread and the oil market.

thanks
 
Quote from Michael.jstocks:

Hi spanish89
Are you now saying that this trade was only on a virtual trading account?

I am just now starting to learn about trading and am on a virtual account aswell. I have started a thread called 'sim traders p&l'.

Ive been concentrating on the dow and emini futures but have only just come across this interesting thread and the oil market.

thanks
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ALoha mate,
yeah i had been saying in my last few post before that one that i was going to start some virtual trading while i started with my new job and saved up some money.

At the time i wished i could have done it with real money,
however as everyone whos seen me post trade knows,
if i have an open trade i will constantly be checking it and counting every single 1tick movement, always trying to look for the best place to cash it in. :p

So i doubt i would have been abl to treat the trade in the same way as i have (not looked the charts till today), if i was risking my own money.


I dont actually have a few hundred pounds spare at the moment even though to use as capital... :(

Since i didnt get paid during the last 2months of training,
and so my 1st paycheque wont be till end of june, and i have under £5 currently!! :eek: :eek: :( lol



Hows everyone done today though?? :)
 
Quote from Blubaru_555:

we're selling off quite hard today, and we didn't close above 69.00 yesterday... does anybody still think we'll hit 70.00?
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we will hit 69-70 some time next week depending on EUR and equity markets.

yesterday at 68+ level Distribution happened, now Mark Down.

Big traders will Accumulate at 65+ level , do a mark up for a day or two then for next week Distribution at 70 levels .

1. Accumulation
2. Markup
3. Distribution
4. Mark Down
 
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