what a great thread, glad I stumbled over it, lol. He means are you aiming for 5-10% on your actual capital, or 5-10% on your margined amount - ie if you're punting oil at $10/point, your implied position size of $100k? And why are you spreadbetting? Surely you're better off trading the futures. Narrower spreads, cheaper comms, no broker bias and your losses are tax deductible...
lol Glad to see you join.. And ive been hitting 5% - 10% of my starting weekly capital per day, each day for the week. Weekend comes ive been withdrawing a hundred-few hundred, and then restarting the same from the next week with slightly higher capital. I havent been trading continuosly though cos ive had alot i had to sort out with moving into my flat n getting internet n stuff here. So ive basically been trading 1-2sweeks on - 1 week off. And into the pattern now that 1week i do amzingly well when its a crap sideways/upwards market i made 1000+ ticks in sells. Next week i do great ok 1st i trade, but miss loads/miss a day n huge down slide, and then struggle through teh week losing lots/barely breaking even, even though the week for every other seller is the best ever as its all huge downard moves. For me my style of trading doesnt work ''selling into a slider day''. I only feel safe selling into the top of high peaks.
Ok to people who have sent me private messages saying nice stuff and asking for my live calls, i honestly am flattered to hear all you say about me, and im glad that my calls have made you so much money so far. But if you really really want to see the actual best and most skilled trader in the world his name is 'Trader Dante'.[B/] I may generate huge amounts of money in my style, and 86% the time i avoid and cut for tiny losses the few trades that would have fuked me and my account, but this guy can use tiny tiny stoplosses and yet make incredible amounts of profit with his entries. I know i am not welcome on t2w anymore, and i dont really get on with a few of the guys from there.. LOL But ive always said ever since i started trading that Dante is the best trader in the world.. [B/] Heres the thread where in under 3weeks the man has taken a £40 account to over £1,650 in 3weeks!!!! [B/] http://www.trade2win.com/boards/trading-journals/38130-tds-journal.html
oh cool... i guess i average 100% a day on my capital contribution then. maybe i should start a journal here and tell everyone about how i'm a trading god oh right, none of that matters cause i'm leveraged... sorry, percentages are nothing to brag about in leveraged day trading
You are rather prone to hyperbole! Turning £40 into £1600 sounds fantastic but it is a totally different game to managing billions when your buys and sells move the market and the stakes are far higher.. Do you not rate guys like Soros, chanos, etc?
Aloha everyone ive decided that im gna buy aud.usd, as the time has come. I have always had a sorta thing for the aud/usd.. (Its just the most exotic pair and so i was drwn to it) lol Eur/usd still got further to fall before rebound, but look at the montly/yearly chart for aud/usd!! We undone nearly 5years steady rise in 2months!! But based on what exactly??? :eek: What happend that 1day that made the dollar suddenly become such an attractive and powerful currency that everyone wanted to have?? The country that the dollar belongs to is crashing by the hour!! Over the last 2 months the ONLY good thing for usa was oil price fall. Nothing else that can justify such a steep fast fall aud value! i mena fking hell they got over 7% interest rates and still doing fine, USA have under 2% and going bankrupt! lol So as soon as my sb firm opens and the fx market opens im gna buy aud/usd, with a stoploss at 7756. (so barely £100 risk, and potentially gna be 900-1000ticks+ move, and if i see a clear up trend starting il add a contract or 2). ANyone fancy joining me on this??
ive just bought gbp/usd AT £3 per point. Need to make a good few hundred quid as didn't trade yesterday. Went painballing instead, lol.
you in that aud trade yet? I might get in too can always use extra money. Wont be able to go in at more than �5 per point tho.
tried another short on oil. Put an order in to cash me/close me out when it drops. Would like to have 3k in the a/c by the weekend - so i can have a grand profit for my first week.