Make millions trading the financial markets

Skill Leverage

Skill Leverage

Experienced member
Messages
1,316
Likes
186
Here is a sure-fire way to make millions trading; you'll have to be quick mind:

Step 1: Get limits of about 200 in Bund futures
Step 2: Buy 122.76
Step 3: Sell 122.78

Repeat until Trichet says something tantalising yet non-committal.
 
See attached file for details; obviously I'm too much of a pussy to run trades, so I bail out early in most of them.

Funnily enough at almost exactly the time I wrote this message it moved up a notch. Hence why you don't short the 78s... no point being greedy.

Lots of love,

Mayor Shagbag
 

Attachments

  • Thriller.bmp
    617.7 KB · Views: 322
Never mind mate, was just an attempt at some trading-related fun during the dullness that was the bund until the afternoon. Should have remembered this was T2W though, we don't really discuss actually trading the markets here..
 
Skill Leverage said:
Never mind mate, was just an attempt at some trading-related fun during the dullness that was the bund until the afternoon. Should have remembered this was T2W though, we don't really discuss actually trading the markets here..
Click to expand...

lol
 
Day in the Life of a Scalper

For anyone who's interested, this is what a typical day will look like, in terms of fills. Not done too many RTs today, usual range is 150 - 400. Each of those costs me 78 Euro cents.

Hope you all had a good day trading, if anyone is actually interested in discussing scalping, or anything actually to do with the nuts and bolts of being a local, I'm all ears.

SL
 

Attachments

  • Day in the Life.bmp
    1.3 MB · Views: 347
what are your criteria for getting in and out? sit on bids and offers and hope it doesn't trade through?
 
You need to be whacking on the full 12 if you wanna be making any dough after the split / tax/ rts (y)
 
Local, yes, that's what we are.

Nah Gooseman, leaning on size is not a +EV way to trade I'd say; firstly because the Bund has thickened up a great deal in the past few months, so you don't get those standout prices much any more, secondly because there are a few people who like to play games with those sort of traders. I'm much more interested in volumes traded, and looking at how aggressively bids/offers are reloaded, as well as trading standard support/resistance levels over very short ranges (in most cases). There are a lot of other intangibles obviously, but that would be a good start.

Win % for me in trades runs at about 83%. Average life, hard to say really - the hardest part of this game is the first year I'd say, so anyone who makes it through that tends to do well.
 
dilesh23 said:
You need to be whacking on the full 12 if you wanna be making any dough after the split / tax/ rts (y)
Click to expand...

12? I've got 20 mate ;) And I do use them from time to time, but on a day like today things can get very whippy, and with more than, say, 6 lots your P&L can start to swing wildly.

I'll take 500 quid after tax and splits, any day!
 
Obviously it would be better to just sell the high and hold it, rather than sell .02s, buy back .99s and then sell .96s - that's not the nature of how I trade though. Sometimes I will let something run, and if I've got, say, 10 lots in, I'll let 1 or 2 go to see if we get some momentum. But, for the most part, I'm in and out all the way up and all the way down.
 
You must log in or register to reply here.

Similar threads

J
Financial Independence in the FOREX market
2
Replies
23
Views
5K
HaloTrader
H
R
Making hay while the sun shines
Replies
0
Views
1K
Rubel87
R
BSD
"How to make $2 Million by making Millions of Mistakes"
Replies
15
Views
4K
Black Swan
B
B
Making the next step:
Replies
0
Views
1K
burgh1
B
K
How do invest money in the stock market?
Replies
0
Views
2K
kendallhalat7
K
Top