5% - 10% profit per day trading

hmmm........what phase...........i think just make money............play the odds with a very good risk reward ratio.........

Easier said than done........i wish i have a 10 yr old kid that sit infront of the computer and i just have to tell the kid do this if it does that.

seriously ...........Mental blockness

 

@xty

not what phase "we're" in lol. i was asking what phase oil is in. read IV's previous post.

 

thats what am telling u............dont back urself into a corner....... the phase we in seriously means nothing............if crude oil drops $5 in one day would u still go short that day sayinging we in a down phase/

 

Can i just ask why you use so many ...........s mate,
instead of just writing in sentences n paragraphs??

 

Hi spanish89
Are you now saying that this trade was only on a virtual trading account?

I am just now starting to learn about trading and am on a virtual account aswell. I have started a thread called 'sim traders p&l'.

Ive been concentrating on the dow and emini futures but have only just come across this interesting thread and the oil market.

thanks

 

ALoha mate,
yeah i had been saying in my last few post before that one that i was going to start some virtual trading while i started with my new job and saved up some money.

At the time i wished i could have done it with real money,
however as everyone whos seen me post trade knows,
if i have an open trade i will constantly be checking it and counting every single 1tick movement, always trying to look for the best place to cash it in.

So i doubt i would have been abl to treat the trade in the same way as i have (not looked the charts till today), if i was risking my own money.


I dont actually have a few hundred pounds spare at the moment even though to use as capital...

Since i didnt get paid during the last 2months of training,
and so my 1st paycheque wont be till end of june, and i have under £5 currently!! :eek: :eek: lol



Hows everyone done today though??

 

with EURO 1.43 , it seems we are heading for oil 69+ touching

 

we're selling off quite hard today, and we didn't close above 69.00 yesterday... does anybody still think we'll hit 70.00?

 

we will hit 69-70 some time next week depending on EUR and equity markets.

yesterday at 68+ level Distribution happened, now Mark Down.

Big traders will Accumulate at 65+ level , do a mark up for a day or two then for next week Distribution at 70 levels .

1. Accumulation
2. Markup
3. Distribution
4. Mark Down

 

EIA numbers
crude stocks + 2.9 million
gasoline - 0.2 million