5% - 10% profit per day trading

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Ok ive looked and i want to get my sell in at 72.26 (can do it after 11pm tonight),
and target is going to be 65.26.


I am having 1 veyr big problem though, and that is that etx say that theres a ''margin requirement'' of 200-300 for monthly contract, or 100-150 for the daily.

I ofcourse want the monthly as want to hold it till it hits 65.26,
but cos i only have 100 in my account im worried that i wont be able to get the monthly cos this stupid margin idea!! :mad: :mad:


Ive put charts to show why i want sell at 72.26, and why i want to cash in at 65.26-
 

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Quote from hulton.bright:

I cant beleive that sucker!
He shorted at what 58 or 59? and then when the market jumped to 65+ he claims it was a 'paper trade'. Then he says he would short oil at 68 if had any real money. ROFL
Spanner would you have been wiped out by now with 72+ oil?
With a lucky streak using sub $2000 account
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You are a true POS!!!
With 2 dead wrong calls already you have the courage to go again and negate all your previous calls as 'paper trades' or 'mental trades'
Admit it that your strategy does not works in trendy markets. It only works in choppy markets and the choppiness period in crude is over.
 
Quote from hulton.bright:

You are a true POS!!!
With 2 dead wrong calls already you have the courage to go again and negate all your previous calls as 'paper trades' or 'mental trades'
Admit it that your strategy does not works in trendy markets. It only works in choppy markets and the choppiness period in crude is over.
More...


LOL

Ok mate so dod you think i actually made those trades with real money??? :)


Il show u a screenshot of my account transaction if you like just to prove it.

(I would have made those trades with real money if i had enough spare cash at that time,
but where on earth would i have got that spare cash needed from??) :D :cool: :p


And no my stratergy works very well in 'trending markets' as you call them,
you just need to have patience.


If you wnat to got and buy some oil now go ahead n do it you mug!1 :D :cool: :p
 
Screenshot attched of all the trades made from my acocunt between 1st april till present.... :D :cool: :p


If i had had spare cahs at the time i would have probs put it into my trading account and made that trade,
and so i would have lost my money.


Luckily however i didnt have enough spare at the time do didnt make the trade.. :cool:


Ive never ever been conservative about admitting when ive made losing trades,
im one of the few people on this site who actually talked openly lots about when i made losing trade. lol


So i have no reason to start being now,
especially when its such small amounts of money now anyways as i dont need to trade for a living anymore. :p


If you dont belive me you dont have to,
why the fuck do i care if some random mug on some internet site disbelives me!! :D :D
 

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Good to see you spanish :)

I was short last week but got stopped out.

I just went short again, 1 QM contract @ 71.60, looking for a re-test of 70.50 area. We'll see how it goes.
 

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Quote from InvestVision:

http://www.marketwatch.com/story//us-stocks-sharply-lower-amid-drop-in-commodities

Blue chips slide 200 points
Dollar rise, commodity fall, factory slowdown factor in
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The first reason [for the oil retreat], of course, is the resurgent dollar," said Phil Flynn, vice president at Alaron Trading in Chicago. "Then we got the Empire State manufacturing number that was much worse than expected, and that put pressure on oil."

Flynn downplayed the potential of the Iranian election's aftermath stir up the crude market. "A lot of people are wondering why Iran isn't moving us today," he said. "Two reasons: It's unlikely that these [post-election] protests are going to lead to a change in leadership. The other reason is that there's a lot of spare capacity in the world," so a supply disruption in Iran wouldn't have a major impact on the oil market.
 
There's a flurry of data due Tuesday, with May wholesale prices, housing starts and industrial production all due for release.

Sentiment is certainly something that has been hard to derail over the last few months, so investors will be nervous after yesterday's moves," said Clare Collingwood, a dealer at CMC Markets in London, in a note to clients.
One Day Anomaly?

Barrons.com Stock Market Editor Bob O'Brien discusses implications of Friday's low trading volume and Monday's 200 point drop.

Volker Bien, a technical analyst at UniCredit, said looking at the open interest on S&P 500 options shows that most call contracts are already in the money and that there's been "excessive optimism" on Wall Street.

"The conclusion concerning the expiration effects is that a squeeze doesn't lie in the cards and that a further slight sliding down would not come as a surprise," he said in a note to clients.
 
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