from what hes said, i dont think so. I dont think any of us on here use a 'system' per say. I find far more value in patterns, s/r and my own fundamental judgement.
so let me get this straight... there are 3 separate individuals on here who all claim to have made over £15k trading Oil in the past few months ??
Maybe you should read the thread. What really what happened when oil hit $136. http://www.trade2win.com/boards/fir...i-sold-135-67-should-i-hold-cut-loss-now.html
..and posted screenshots everyday... there are a lot of people round the world who make good money doing this. You had a bad experience because your money management and risk control was dogshit - I remember the thread over on t2w. And to be accurate, I've turned 5k into 18k. Yes I took risks but you only get rewards by taking risks. I'm not sure why you are posting here to be honest, its for people to post their own experiences of trading. I spent all of my evenings and most of my weekends reading and researching so as to prepare myself for what I want to do next in the markets. (I trade a variety btw) What have you done to justify your 'trader' moniker? It sounds like you had a few ill advised and underprepared punts that wiped you out with little preparation, skill or knowledge and you can't understand how anybody else can make money? Who do you think took your 10k you lost? Have a look on the trader p/l 2008 thread - there are guys knocking out $20k in a day.
lol Yep i remember that day very clearly still!! Ahhh all the panic and worry i had back then when just trading at £1 per tick.. lol Listening to what everyone else said also and so kept losing money like everyone else. But at the end of the day it doesn't matter how much i did or even still do worry or panic when in trades, as all that matters at the end of the day is the cash profit. And after my sell that day oil barely rose $1 higher offiside, and then feel back about $6!! So it was an extremely good trade. lol I dont have a ''system'', as the pure idea of having a preset mechanical system to 'trade' is already extremely flawed. As all 'the markets' are is a load of people, not computers, people. And so to make money trading you simly have to workout how the majourity of those people are going to react at each scenario and price that the market rises to, and the speed and angle it rises at, and then put you trade in accordingly to mirror what you think the majority of those people will do. People are all controlled by emotions every second, not by 1 preset method. And so its pointless trying to have a preset 'system' to workout what millions of people are going to be doing each minute! lol I trade using price action, human pyschology, and fundamentals. (Am also thinking of just getting a protractor and ruler and just traidng using those as my tools though!)