Its all kicking off tomorrow!! *BOE rate coming at lunchtime. *Bernanke then gna either totally fuck his currency (probs get fired then though) lol, or gna manange to save it and reverse it back against the dollar for a few days/week, but its just way too overbought, as US had their recession start months ago and europes is now here. *Non-farms number, so over a few hundred easy ticks often. *And the oil inventories gna be hitting in afternoon. With bernanke i gna just wait till he starts talking, and as soon as he starts to talk about the economy slowing down/gets fored into it by a reporter its time to short eur/usd with a tightish stoploss, and then can asily have a few 100ticks for the day! Non-farms, that just depends if i can click the buy/sell button quick enough before the market reacts to when the number hits, and then we get a few hundred more depending on the extremity of the number. Since we have been hovvering at 11,500 for too long now. And then oil inventory, because EUR will cause the 1st wave on oils move, we may not get any real reaction from the inventory number since it will have already had its fall/rise.
yea, its just cos i love the basicness of it in entering a trade, and the speed it can be done at. The charts arent even real charts though.. lol I use ig's charts.
So if you average 3-15% per day, and you have 4000 now, then in one year (200 trading days to be exact) if you average 10% per trading day, you will have 759 billion dollars, making you richer than the top 10 richest people in the world put together. The traders that say its hard to make that a month are the REAL traders doing trades worth $100k+ every time they click their mouse. Believe me from experience when i say that when you have 200k in one stock and it moves 10 cents the wrong way, its alot more heart pounding than owning 2k in one stock that moves 10 cents the wrong way.
lol I did say that isnt 'compounding %'! Theres no way me or anyone could compound that much.. lol I have £3,000 at the moment, and i would be happy if i can hit atleast £300 per week from that, that would be enough to live off. Need min £1,000 per month though for living money. But theres no ay that somone who has 100k+ just there in cash that they can put into a traidng account and trade with, will be more at risk than someone who has 2k and thats all the money they have in the world.. lol The 100k guy could take a nice enough salary of 20k, and could survive for 5years without doing any work whatsoever. The 2k guy could barely last 2months before starving to death.. lol It would only get more stressful and risky for the guy who has 100k if he then raises the £ per tick up, instead of keeping it low.
Not if one has the correct risk management in place. I would imagine with your style of 'stop losses' (i use the term reluctantly) then it would get very stressful.. As your balance grows you have to adapt your style and controls to match.
GRRRRR I JUST COMPLETELY GIVE UP ON TRADING FOR NOW UNTIL MY LUCK CHNAGES!!! I DONT KNOW FOR DEFINITE IF FATE EXISTS, BUT IF LUCK IS AGAINST YOU, THEN YOU ARE GNA LOSE NO MATTER WHAT YOU DO. SO THE BEST YOU CAN DO IS JUST GIVEU AND LEAVE IT TILL LUCK ITSELF CHANGES INTO YOUR FAVOUR. Some examples of this horrible luck, all week has been pure selling, when all i do is sell oil not buy..., but i had to miss it all by sitting at my fucking flat waiting for all the furniture to arrive that had put few into a few 1000quid creditcard debt. This after last week when i lost over £1000 because of not having access to the info about hurricane as it breaks. But back to today, i sold dow when it was -37, it didnt seem to be going anywhere though and hitting support, so i took a £3 loss. Look later and its over -200, even with dollar getting stronger and jobless barely worse than expected!! I watched trichet talk, didnt say much negative about eur at all though, i had sold eur/usd but it was going up and up, so i took a £30 loss. Look a few mins latr and its dropped over 100ticks. And then oil, been waiting all week to atleast get my standard payment from the inventory number..., i even tried out that ransquawk thing to get the number a few seconds quicker, but what do they do?? GIVE THE WRONG FUCKING NUMBER!!! AND THEN CORRECT THEMSELF AND SAY THEY MADE A MISTAKE 5SECS LATER AFTER IVE SOLD at £3 tick!!!! I then findout we had a -1.9 drop, oil up $1, and so to try and be cautious and limit my risk i take a loss of £330!!! I then go to sleep feeling so fuking pissed off at teh fuking ransquawk and so depressed cos unless i start earning again i will lose my flat!!! Check back now when i wokenup, and oils dropped down $1 further from where my sell went in!!!!
sounds like you've been on full tilt last few weeks. This is why several people have suggested you have another source of income. I can't imagine how much pressure I would be under having to trade for every penny when I had about 6-12months experience.