Anyone trading today? I caught some of crude movement and I'm looking at over 20k in the account now.
welcome to the thread pocrel. What's your trading background and how did you get started? Do you trade full time?
hi porph, my back round in trading is trading on and off over the last few years but with no real plan using spread betting account all in all i have broken even cant crack it, made a grand last month playing the dow mostly most successful month but again that was mostly luck than anything else, traded oil a few years ago and lost about a 1000 so gave up, so just wondering if i should get back into it, any tips would help thanks
Aloha mate. I misse dthe morning cos i went out clubbing in london lastnight and stayed over there in a hotel. I got home, saw that spike, didnt have any real interest in selling oil at this low end of the 60s, especially with dow down at lows now waiting to re-rally later today. So i instead ate my kebab, let oil drop down, and then dropped £2 buy at 63.92, then £1 at 63.69, and then as i saw oil starting an uptrend added another £1 long at 63.74 So a total of £4 long now from average of 63.82, target level set to cash in at 65.69 (oil will have to hit 65.75) That trade went into profit on all the 3 trades after about 15seconds, and is now over £100 rofit already after just 1minute. So if we can get a spike back up to the high 65s, which could be very likely as we had oil rise $4s from 61 to 65, fall back $2s to the mid 63s, and so now can quite easily rise $2-$3s more. Especially now that down is back to barley above the 9000 after falling, but now starting a retremd, so we get 100+ more rise in dow and oil will easily reach the 65s again and if we take out enough of the saps who have stoplosses there we can get some nice spikes then.
Whoo just took that trade off the market as oil spiked upto 64.19, as dow looked like it was struggling to get a few more points. So took £117 profit after the spread. a few seconds later oil dropped down, i rebought slightly too high just as oil touched the 63.91 level, it bounced back from the 70s to the 90, but now its just trying to find a base again. SO gna just leave this trade with the 65.76 target, dont think il add to this unless we get a spiek down to below 62.60
Hi Spanish, I've had a good day too. Timed everything to perfection and held out a 200pt move. I dont have access to my account right now but im sure i was over 21k.
Well done mate. I getting fucked quite hard cos got caughtout by the down move.. :/ But im still reasonably confident with my trade, added to it slighty at the 61.39 level. Now i just have to hope that the dow pullsback off its steep drop amd oil follows off this steep spike down. Oil cant stay this low for long, as opec will say something that will move the market with just 1sentence.., but i just really hope we get a bouce off this spike soon. :/