Spanish89- Opportunist Trades (2nd journal)

I am going to monitor oil very closely between 88.54 - 88.63,
as im very interested in selling at that level before the close tonight,
with a target of 85.92.
 
that trade should definitely pay you some money I think.

I've gone short the DOW at the close.

You see my post about your broker?
You think I should open an account and just keep buying stocks for the price they closed at when they have gapped up loads in the pre-market? lol
Cant believe the lady you spoke too said they would have accepted the trade!
If so, you dont need to worry about money anymore!
 
Quote from Jestersofmalice:

that trade should definitely pay you some money I think.

I've gone short the DOW at the close.

You see my post about your broker?
You think I should open an account and just keep buying stocks for the price they closed at when they have gapped up loads in the pre-market? lol
Cant believe the lady you spoke too said they would have accepted the trade!
If so, you dont need to worry about money anymore!
More...

and we're both in the money. Nice move down overnight.
Closing the dow trade here for now for 60 points profit.
 
Quote from spanish89:

I just did the exact maths and its only £3,500 that i missed out on, not £6,000.
So still a huge amount, but il be ok.


I also started thinking back to how in late 2008/early 2009 i bought Crude Oil at under $40 usd at £16 per tick,
bought the Dow at 6,500 at £8 per point,
and bought gold at $867 at £3 per tick.


If id held those trades for the last 2years instead of cashing them in id have made nearly half a million pounds net profit!!!


So missing out of 3.5k is nothing inthe grand scheme of things,
and atleast i merely ''missed out on'' it, not actually last any money. :)
More...

I thought all the contracts for spread betting expried after a certain time.
 
Quote from spanish89:

Just short-sold oil at 88.03,
target is set at 86.65.
More...


Sorry but i do have to say that my S&R levels reading on this trade was unbelieveably point-perfect! :p :cool:


I short sold at 88.03, saw maximum 1tick against me as the high was 88.04,
then fell instantly into 50ticks profit.

And my after-spread price target of 86.65 (which needed oil to hit 86.60) was a 2-tick perfect exit,
as the low of the day was 86.58. :)



This trade was at £2.5 per point, so 2.5 x 138ticks = £345 net profit overnight for this trade.
 
Quote from Jestersofmalice:

and we're both in the money. Nice move down overnight.
Closing the dow trade here for now for 60 points profit.
More...


Nice trade mate... :)

I had considered selling Dow too as it was right at a major resistance level,
which is why i was so certain about the likelyness of a pullback.

However the Dow is very big market, and so i choose to play the move through oil, although had intended to also short-sell ftse lastnight (but forgot to).
 
I may sell oil again later if it rises whilst im home,
but for now im going to focus on my Usd/Jyp long trade as this is the best lowest risk opportunity that i currently see out of all the markets... :)

I bought 1 contract of Usd/Jyp at 76.78, and added a 2nd contract at 76.63,
market been floating sideways since in a range of 76.75 - 76.90,
but my target for this trade is 78.69.
 
Quote from spanish89:

I may sell oil again later if it rises whilst im home,
but for now im going to focus on my Usd/Jyp long trade as this is the best lowest risk opportunity that i currently see out of all the markets... :)

I bought 1 contract of Usd/Jyp at 76.78, and added a 2nd contract at 76.63,
market been floating sideways since in a range of 76.75 - 76.90,
but my target for this trade is 78.69.
More...

Hi, where's your stops for these usd/jpy positions? Are you sure you want to be long with all of the other retail punters at this level? :D
 
Why do you keep talking about "net profit"? Spread is just a cost of trading and something that is reflected in P&L. Profit is profit and loss is loss.
 
You must log in or register to reply here.
Back
Top