5% - 10% profit per day trading

RB had a much larger draw than forecast, and it fell 3c from the time of announcement. HO had a build and went up by 2c. Can anybody explain that?

 

No stop, since this is an investment not a 'scalp trade'.


I sold beacuse oil is overdone on its up spike over the last few weeks,
which has been too much, too steeply.


And so it would be pointless for someone to ''sell after its risen a certain amount too much, just to then (cut the trade for a loss, so be saying you would 'buy' at an even higher level)''.


Im in no rush though anymore,
dont look at the charts during the week.

Have just set a text-alert so when my target price is hit il get a text to let me know i have a few hundred pounds extra cash..

And thats all i care about, dont really mind when it happens, since i have enough money from my normal job now.

 

are you still holding long, usman88?

 

yep with trailing stop at 6095 to lock in 135 ticks profit

 

long 6015 , looking for 40 c/lot

 

small long, 60.10. HO/RB are holding up well at this level, so i hope CL will do the same

 

out with 15c, oil is struggling. feels like we may go lower here

 

i m betting we wont

 

you think big investors are putting a floor at the 60.00 for oil, usman88?

 

the pattern we made was a classic stop hunting pattern with the new low. Moreover i witnessed huge buying as market dropped. With equities so low, oil is proving to be resilient so this seems to be a quite good buy point