Spanish89- Opportunist Trades (2nd journal)
- Thread starter spanish89
- Start date
S&P trade cashed in at 1206.9,
total profit on that trade was £508.
And my oil trade is still open, target is break-even, so need approx 2% more down move,
although i may take a loss of 40-50ticks if market starts to form a base formation before my target.
Even still im now going to again be leaving the market for a few months atleast.
Mostly due to having had some extremely severe problems in my personal life over the last 2-3months,
and so i now need to go away on a holiday for a while (the cost of which will drain most of my capital though),
and also need to get my daily whiskey consumption back below a level where it doesn't blurr all my trading decisons like it has been doing for last few months.
total profit on that trade was £508.
And my oil trade is still open, target is break-even, so need approx 2% more down move,
although i may take a loss of 40-50ticks if market starts to form a base formation before my target.
Even still im now going to again be leaving the market for a few months atleast.
Mostly due to having had some extremely severe problems in my personal life over the last 2-3months,
and so i now need to go away on a holiday for a while (the cost of which will drain most of my capital though),
and also need to get my daily whiskey consumption back below a level where it doesn't blurr all my trading decisons like it has been doing for last few months.
How was your hols? Are you trading again yet?
Hank
Hank
Hi mate,
the problems in my personal life went even further down hill to becoming extremely horrifyingly bad,
improved a medium amount from that level on Christmas day till mid Febuary,
crashed down again to being extremely bad from mid Febuary till early May,
but now ive managed to improve my life a medium amount from that level again.
So basically my life's quality is now merely about the same painful and low level as it was last Autumn when i took a break from trading,
however as it had managed to become extremely worse inbtween due to me losing another huge element from my day-to-day life,
its current level is a ''back upto level'', rather than a ''crashed down to this level''.
-Enough about my pyschological state though-
This journal is meant to be about making money from trading, and so lets all just get back to focusing on that
I don't know what the fuck has been going on in the markets for the last 9months that ive been away,
however it seems like its been an incredibly most boring, pointless and worthless section of time!! lol
As all that seems to of happened is that when i left the markets has been floating sideways and upwards at an incredibly slow dull pace,
with a weekly range of under 2% for all markets,
and an intra-day range that is just a fucking horizontal line!
I seriously don't understand what the fuck happend with Greece and Italy for the last 9months though??
In the 3weeks before i left Greece going brankrupt and leaving the euro was covering the front page of every UK newspaper every single day,
it had top news story on sky news everyday for weeks and months, Italy's bonds going over 6% was making markets crash 5% in seconds!!
And yet it seems that suddenly a few days after i left the entire economic world just ''forgot'' that any of these issues even existed, Greece and Italy just ceased to exist, and so there was no news about anything at all for months and months!
And then suddenly out of nowhere a few days ago someone remembers that the country of Greece does exist still,
and then the panic has restarted all over again....
however it seems like its been an incredibly most boring, pointless and worthless section of time!! lol
As all that seems to of happened is that when i left the markets has been floating sideways and upwards at an incredibly slow dull pace,
with a weekly range of under 2% for all markets,
and an intra-day range that is just a fucking horizontal line!
I seriously don't understand what the fuck happend with Greece and Italy for the last 9months though??
In the 3weeks before i left Greece going brankrupt and leaving the euro was covering the front page of every UK newspaper every single day,
it had top news story on sky news everyday for weeks and months, Italy's bonds going over 6% was making markets crash 5% in seconds!!
And yet it seems that suddenly a few days after i left the entire economic world just ''forgot'' that any of these issues even existed, Greece and Italy just ceased to exist, and so there was no news about anything at all for months and months!
And then suddenly out of nowhere a few days ago someone remembers that the country of Greece does exist still,
and then the panic has restarted all over again....
I personally dont give a fuck about Greece or Europe at the moment though,
wayyy too much guesswork and hidden decisions being made, leaked into the market, and priced in way wayyy inadvance for there to be any point in trying to trade on or even off it.
However what i am extremely interested in and hungry for is JP Morgan!!
I am ridiculously hungry for it, and i want to/intend to buy the fuck out of it at 3,236.5,
with target of approx the 3,465/490 area.
The reason i want to buy it is because its already been raped and ransacked crashing down over 12% in a day just because it hired 1 crappy trader who lost abit of money on a trade.
This has made it very oversold,
and so when the next bad news story comes out of Greece and all the markets crash down 4-5% intraday, thatl take every stock in the world down with even,
even stocks which are not even remotely dependant on or linked to Greece in any way.
My chart at Etx Capital wont go back to 2008/9, which is extremely annoying as a i desperately want to see JP Morgan's chart for 2008 to see ther key strong support levels below 3,000.
However its already dropped 12% and is floating around 3,600 currently,
and so when the news mass european panic happens this week or next, its extremely likely that JP Morgan will tank again along with every other equity in the world,
and it has extremely strong solid support at 3,236.5 though.
If it can crash 10% more from its current level down to there, that will be almost 23% crash in 2weeks for JP Morgan,
the strongest and most powerful bank in the world!!
And so i desperately want to buy extremely hard at 3,236.5,
cash in at 3495 when it bouncers back for approx 260points profit,
and then potentially rebuy it again 1week later if the market dumps again.
Ive attached chart to show the strong solid support at 3,236.5 that makes me what to buy it at that level.
wayyy too much guesswork and hidden decisions being made, leaked into the market, and priced in way wayyy inadvance for there to be any point in trying to trade on or even off it.
However what i am extremely interested in and hungry for is JP Morgan!!
I am ridiculously hungry for it, and i want to/intend to buy the fuck out of it at 3,236.5,
with target of approx the 3,465/490 area.
The reason i want to buy it is because its already been raped and ransacked crashing down over 12% in a day just because it hired 1 crappy trader who lost abit of money on a trade.
This has made it very oversold,
and so when the next bad news story comes out of Greece and all the markets crash down 4-5% intraday, thatl take every stock in the world down with even,
even stocks which are not even remotely dependant on or linked to Greece in any way.
My chart at Etx Capital wont go back to 2008/9, which is extremely annoying as a i desperately want to see JP Morgan's chart for 2008 to see ther key strong support levels below 3,000.
However its already dropped 12% and is floating around 3,600 currently,
and so when the news mass european panic happens this week or next, its extremely likely that JP Morgan will tank again along with every other equity in the world,
and it has extremely strong solid support at 3,236.5 though.
If it can crash 10% more from its current level down to there, that will be almost 23% crash in 2weeks for JP Morgan,
the strongest and most powerful bank in the world!!
And so i desperately want to buy extremely hard at 3,236.5,
cash in at 3495 when it bouncers back for approx 260points profit,
and then potentially rebuy it again 1week later if the market dumps again.
Ive attached chart to show the strong solid support at 3,236.5 that makes me what to buy it at that level.
Im feeling very bored (as i only work 2days per week currently on friday & saturday nights),
therefore i fancy just floating around in some open trades for awhile to give my days some kind of emotional stimulation.
Im still waiting for that JP Morgan entry level to be reached so i can buy JP Morgan,
however as it could be weeks or even months till that level is touched depending on what nonsense is going on in Greece... ect,
ive decided to also go back to the market that i specialise in, Crude Oil.
Just been looking at the charts for Oil, don't really want to be floating around for too long in buy trades,
as Greece could announce they are leaving the euro any minute, of any day,
and if im holding an oil long when that happens id basically get wiped out!
However oil has crashed down 10% over teh last 2weeks,
in a constant downwards flow,
and so is extremely oversold currently.
I have looked at the chart and i want to buy Oil today anywhere around 91.86.
My target for the trade will be 93.26
Have attached chart showing the key support between 91.26/86.
And as i always look at the monthly charts to filter out the weak support,
and only show the ultra-strong S&R, im very confident in that level as a good entry point for today.
therefore i fancy just floating around in some open trades for awhile to give my days some kind of emotional stimulation.
Im still waiting for that JP Morgan entry level to be reached so i can buy JP Morgan,
however as it could be weeks or even months till that level is touched depending on what nonsense is going on in Greece... ect,
ive decided to also go back to the market that i specialise in, Crude Oil.
Just been looking at the charts for Oil, don't really want to be floating around for too long in buy trades,
as Greece could announce they are leaving the euro any minute, of any day,
and if im holding an oil long when that happens id basically get wiped out!
However oil has crashed down 10% over teh last 2weeks,
in a constant downwards flow,
and so is extremely oversold currently.
I have looked at the chart and i want to buy Oil today anywhere around 91.86.
My target for the trade will be 93.26
Have attached chart showing the key support between 91.26/86.
And as i always look at the monthly charts to filter out the weak support,
and only show the ultra-strong S&R, im very confident in that level as a good entry point for today.
I am now feeling extremely pissed off,
as i tried to upload some money from my debitcard to my trading account.
As that card is registered in a different address to my account it declined the transaction,
and so i was just going to transfer the cash to a different bank account, and then upload it from there.
However when i logged into my bank account online to transfer the money its showing that this money has been deducted from my available balance!! :eek:
It hasn't been uploaded into my trading account, but the banks shitty system has frozen all my money and still not released the hold,
yet oil has now dropped to 91.86,
but i am unable to access my own money to put it in my trading account to trade!!!
Banks opens at 9am UK time (in 2 and half hours) and so ive got to wait till thne before i can go to the bank and demmand they release my money!
as i tried to upload some money from my debitcard to my trading account.
As that card is registered in a different address to my account it declined the transaction,
and so i was just going to transfer the cash to a different bank account, and then upload it from there.
However when i logged into my bank account online to transfer the money its showing that this money has been deducted from my available balance!! :eek:
It hasn't been uploaded into my trading account, but the banks shitty system has frozen all my money and still not released the hold,
yet oil has now dropped to 91.86,
but i am unable to access my own money to put it in my trading account to trade!!!
Banks opens at 9am UK time (in 2 and half hours) and so ive got to wait till thne before i can go to the bank and demmand they release my money!