5% - 10% profit per day trading

went long at 51.35. holding until 51.75 then i'm done for the day.

edit: looks like there could be some action here. i chickened out shorting that huge spike. i'll try to get in 1 more trade.

edit2: people are fear buying for the weekend i think

 

that was some scary movement. anyone trade the last 30 mins today?

 

good stuff boys,
Been trading the ES again today.
Posted about 100 pips profit in live calls again over on the ES thread.

£200 or so profit today. Might join you in some oil on Monday!

Later

 

Aloha guys, yea i looked at chart and it was quite crappy movement.

it did fit the lines perfectly today though, so would have been very very easy for a scalper using the lines i guess..

(Chart)



I felt quite pissed off as i overselpt as alarm didnt go off at 7am, i wokeup at 9.53am, saw oil was floating between 51.65 t 51.90s,
so i cashed in straight away at what was the lows of the days at the tme. 51.64

(I had sold at 51.80, but cos the 12ticks spread i only managed to clear 4ticks profit after it, by covering 16ticks!)


All i had wanted was to take my 30lasnight, and id then have got nearly 1weeks food money and no stress over yesterday evening n night!!


Instead of 4ticks which will merely just pay the price for 1kebab today taht il get for my dinner.



I reslept till 6pm, but wokeup and watched the last 60mins, was very interesting to see it flal 80ticks in in a few seconds just to then re-rise 90 in the final 15seconds before close.

I didnt sell though as dont need teh stress of holding over weekend.


glad to see a few of us managed to mae a few hundred quid profit today though...


And i have made 166ticks after spread profit over the last 2days, which is over 20% profit on my capital.

So i can withdraw that all for some food for next week and hopefully next week will bring more volatility.

 

This is the move that i reall really want to catch the revesal fall reaction to though...

 

I trade in that room too. Noticed your calls. Im quite impressed. Keep it up. Any particular reason why your only trading £2 per point? Send me PM if you like.

 

Bullish factors include
--------------------------
(1) speculation the Fed’s recently announced quantitative easing will revive the US economy and boost energy demand,
(2) the fall in the dollar index to a 2-1/4 month low, which prompts purchases of commodities as an inflation hedge, and

(3) comments from Algerian Oil Minister Khelil that OPEC may still take “strong measures” to protect revenue should oil prices keep falling and that OPEC compliance with oil production quotas will improve to about 95% by the time the cartel meets next in May.

Bearish factors include
---------------------------
(1) OPEC’s decision at its Mar 15 meeting in Vienna to not cut crude oil output further and instead maintain current production quotas,

(2) the -5.1% y/y decline in Feb Chinese crude oil processing as demand remains weak in the world’s second-biggest energy user,
(3) the report from the API that US fuel consumption in Feb fell 3% to the lowest level for a Feb since 1999, and

(4) the prediction from Morgan Stanley that crude oil prices are likely to decline in the second quarter “and remain at depressed levels through 2009” as demand erosion continues.

 

How everyone else done these last few weeks??

(Either in ticks or % profit)


And anyone holding any trades over the weekend??




Btw i got some news, wouldnt call it 'good', but its not bad i guess.. lol

I got an email from Liquid Capital, http://www.liquidcapital.com/group/index.php , saying that they would like me to attend an assesment testing on 6th April to do some test from a company called 'SHL'.

And if i pass that test id move onto teh interview stage of the recruitment process.


I am gna go to the test thing if i havent managed to get any other job before then,
but i dont actually even want to have a job as prop trader though. lol
I didnt even apply to them though... :eek:


But so i am gna have to go, as it would be rude not to,
since they went out of their way to invite me for the job.

But i just hope theye serve some decent food at lunchtime though,
and that i dont have to do much writing or paperwork or any of that sorta nonsense though. lol

 

I was feeling very bored as theres nothing on tv, im not hungry, already looked at loads of porn, dont have much alcohol left n cant be bothered to drink much,
i dont wana go out clubbing, and the markets are closed...

(Been quite a waste of a day actually, sleeping for all of it, and now its nightime with a long depressing weekend ahead) :/



So i was surfing forums and saw this, a test that loads of traders were doing to see whatt their personality is-
http://www.humanmetrics.com/cgi-win/JTypes2.asp

I did it and im an ESFP it says.
http://keirsey.com/handler.aspx?s=keirsey&f=fourtemps&tab=4&c=performer


What are all of you gys though??

 

Most traders, myself included, are INTJ types. INTJs are the direct opposite to your ESFP personality type (every letter is different).

Some of these personality type websites say INTJs and ESFP are attracted to each other. So if you can find a rich trader bird who is likely to be an INTJ type you got a good chance of pulling her.

http://www.keirsey.com/handler.aspx?s=keirsey&f=fourtemps&tab=5&c=mastermind