Hi mate, good to see you too. You still trying to learning how to break-even / not lose too much of your money each week?? But yep i sure am! £1,250 cash direct into my bank account each and every single month, for however many more years i choose to keep my benefits claim open! Provides me with a wonderful financial security base each month upon which i can use all my free time just stockpiling cash each week from other sources, knowing that none of it needs to be spent on my monthly living costs, as they are already all taken care off by the guaranteed £1,250 i get each month.
Now back to trading though- *I want to buy Usd/Jpy very hard at 76.83, with pre-set target set anywhere between 78.30/78.95. I would be very cautious about making this trade before the June 17th election in Greece though, and so theres below 10% chance id make it at that price before 17/6 (would need closer to 69.80 for 100% buy), however i would/will REPEATEDLY make this trade in a constant on-going cycle AFTER 17/6, providing theres not an economic meltdown. So for example if its 24th June, election went in favour of pro-eu party but theres still loads of worry and panic in the markets and economy about how long greece will last before citizen's revolt... ect, i would then 100% definately buy Usd/Jpy at 76.83 at £5 per point, preset target-level order would be attached for 78.95 (although id be happy to take anything above 78.30), and id then just repeat that exact same cycle over and over and over again (through automatic order fills) EVERYTIME Usd/Jpy touched 76.83. *I extremely want to buy the VIX BEFORE the end of this week/very early next week, and to hold the trade until AFTER 17th June! My perfect dream price would be buying it at 18.65, although theres a 90% chance that i will accept any fill price below 20.60 if it manages to get down to that low level even, and that trade will be being made at £8/9 per point. *I have no interest whatsoever in buying Oil again until AFTER 17th June. Although after 17th June id potentially be interested in buying it at either 81.26 / 80.09 / or 78.86, with target level of 82.86.
Have you been on JSA for all this time?! Do you have to sign on each fortnight and attend jobseeking workshops and stuff?? And I thought that the government changes meant that you are now only entitled to housing benefit at the same rate as you would get for renting a single room in a shared house? I guess you're relying on trading to one day pay you the big bucks rather than getting off benefits and getting a good job? Nice trading though. It has to be said. Keep it up.
I was on jsa for about 2years straight, never ever had to do any kind of 'workshop' though.. lol It was just turnup every 2 weeks, confirm your name and national insurance number, sign the piece of paper, and then you just went home. lol Had to go and do that 2x per month though. I now dont claim jsa anymore though, as i work as a bouncer in nightclubs on weekends due to how enjoyable and pleasurable a job that is (getting paid to swan around the inside of nightclubs perving on/getting chattedup by sluts in miniskirts)! The government has cut and limited housing benefit rates, however the new limit they've put in place is maximum £1,250 per month for 1bedroom flats. Im not especially looking to make 'big money' from trading tbh though. Im looking to make consistently EASY money from trading, although choose to keep it to medium/moderate amounts of very easy money, rather than taking bigger risk just to try making big money. Ive got my base of £1,250per month + around £680 per month from bouncer work (10-15hours per week), so am already coasting along on just under £2,000 cash income per month as my guaranteed minimum! (Would require a job with taxed-salary of over 40k per year to match that) And so if i can notch up £400 - £1,000 extra per month from trading, well thats all pure pleasure spending money for me each month ontop of my standard £2,000 month income! And really isnt a bad income at all, equivalent of a 50k salary for me a guy aged in his early 20s. But cheers though mate. What trades are you current in / looking to make??
I Trade quite short term stuff. Long cable at this second in time. Might last only seconds though, lol. Here's todays trading: http://imageshack.us/photo/my-images/217/cabsp.jpg/ http://imageshack.us/photo/my-images/40/oilsp.jpg/ http://imageshack.us/photo/my-images/213/stsp.jpg/
Buy order placed for VIX June contact to buy at bid price 23.25 (market after spread needs a 23.15 touch to guarantee a fill). I extremely want this order filled today, market is currently at 24.65 so need approx 6% more fall in market today. I am in rush and not at my laptop whilst typing this, but will return in few hours to provide detailed analysis of why everyone who isnt a total fool and idiot should be dedicating minimum 80% of their entire capital to buying out the VIX at this price, on this date.
that's nice trading, mate. I remember you used to post some great live calls in the ES thread. You still trading that aswell??
I dont trade the vix, but it could be a bargain here at 18.40. You still holding your trade Spanish? How much heat can you take on your account at your current exposure? Good luck