Brewski's Leverage Abuse

[brewski1984]

Just a question: You are gambling, no doubt, hard to separate gambling and trading sometimes, however you have got strategy by splitting the stakes, so what's with the gambling strategy?

I got home from work today, saw I was 70 odd points up on Oil so I added to it and adjusted stop as necessary. Sometimes I'll have a look on my break at work and if it's in profit I'll add to it and adjust stop as necessary. I only managed to have a look twice this morning and it was losing both times so I just left it. All entirely random really.

 

[Signalcalc]

I got home from work today, saw I was 70 odd points up on Oil so I added to it and adjusted stop as necessary. Sometimes I'll have a look on my break at work and if it's in profit I'll add to it and adjust stop as necessary. I only managed to have a look twice this morning and it was losing both times so I just left it. All entirely random really.

Is it the boring job strategy?

 

[brewski1984]

Is it the boring job strategy?

I just hope nobody else tries it and loses a fortune... the win rate is absolutely terrible and you need a certain mentality to be able to deal with repeatedly giving back massive (relative to account size) profits, which most people don't have

 

[brewski1984]

Added to Brent again, nice movement up there makes me £8 a point now. Stops are guaranteed so no worries holding over the weekend

 

[brewski1984]

Screenshot to show current Brent trade, £8pp but I'll be adding more if I get the chance. It was showing me just under 1k profit before selling off for the last couple hours. I may adjust the stop before it opens but either way I'm praying for a nice gap up on the open

I can't believe I haven't lost this money yet, I'm buying/selling in the middle of nowhere like an absolute mug

 

[counter_violent]

Screenshot to show current Brent trade, £8pp but I'll be adding more if I get the chance. It was showing me just under 1k profit before selling off for the last couple hours. I may adjust the stop before it opens but either way I'm praying for a nice gap up on the open

I can't believe I haven't lost this money yet, I'm buying/selling in the middle of nowhere like an absolute mug

This is what happens when ya go booking 20% acct profits from previous trades...gives ya more gambling money to play with

 

[brewski1984]

This is what happens when ya go booking 20% acct profits from previous trades...gives ya more gambling money to play with

I'm not here for 20% though cv I'm here for 2000%

 

[brewski1984]

Brent obviously got stopped out, leaves my account at 1k again. I can’t be bothered to mess around anymore so I’ve gone all in buying Dow as that’s got to be the easiest chance of winning right? I’m £10 a point hoping to double up at least once you only live once, I’ll surely lose but it’ll be a great laugh

 

[brewski1984]

Not a great start I was hoping I’d get more than a few minutes entertainment out of it lol

 

[counter_violent]

Brent obviously got stopped out, leaves my account at 1k again. I can’t be bothered to mess around anymore so I’ve gone all in buying Dow as that’s got to be the easiest chance of winning right? I’m £10 a point hoping to double up at least once you only live once, I’ll surely lose but it’ll be a great laugh

What price?

All those 20%'s add up you know.

First and last rule of trading.....protect the pot...no pot = no trading.

And yes, I do understand the purpose of the thread.

 

[brewski1984]

What price?

All those 20%'s add up you know.

First and last rule of trading.....protect the pot...no pot = no trading.

And yes, I do understand the purpose of the thread.

Man am I glad I moved my stop in Oil!

Yeah you're right and if I was trading properly I wouldn't be giving it all back like I have been. I'm in Dow Sep 18 at 25008 which is around 25026 cash. I have the whole 1k at risk so let's see what happens - I'll post a screenshot when I can to show it. To be honest, the Dow swings are wide at the moment so either I'll lose straight away or I'll get a decent profit then lose after that

 

[trendie]

Man am I glad I moved my stop in Oil!

Yeah you're right and if I was trading properly I wouldn't be giving it all back like I have been. I'm in Dow Sep 18 at 25008 which is around 25026 cash. I have the whole 1k at risk so let's see what happens - I'll post a screenshot when I can to show it. To be honest, the Dow swings are wide at the moment so either I'll lose straight away or I'll get a decent profit then lose after that

No, No, no!

You will make a decent profit, followed by leveraging that profit to ever larger sums until you break the Dow.

Go, Brewski, go! :clap:

 

[brewski1984]

No, No, no!

You will make a decent profit, followed by leveraging that profit to ever larger sums until you break the Dow.

Go, Brewski, go! :clap:

never in doubt mate

 

[brewski1984]

Bit of a lucky/unlucky day today. Saw a profit of £700+ this morning so decided to get my grand off the table and move stop to break even which obviously got hit. Then I thought I’d have another stab at buying oil but accidentally closed it for a £70 loss on my phone by tapping the screen to stop it auto locking!

Now I’m back in on the Dow at £10 a point at a slightly better price. Screenshot later to prove all trades.

 

[brewski1984]

I’ve got a gambling problem haven’t I?

 

[counter_violent]

I’ve got a gambling problem haven’t I?

Not sure that the "all in method" can be treated in the same way as the "build a position method"

 

[brewski1984]

Not sure that the "all in method" can be treated in the same way as the "build a position method"

I’m still building a position just using more initial risk, I’ll be adding more if I get the chance. This one will be £50pp at least

 

[counter_violent]

I’m still building a position just using more initial risk, I’ll be adding more if I get the chance. This one will be £50pp at least

Yeah but when the initial risk only allows for a pretty tight stop, then there's nowhere to go. Either the trade works or it doesn't and given the Dow's daily range...pretty good chance it won't work.

And I so don't want to be negative. :|

 

[brewski1984]

Yeah but when the initial risk only allows for a pretty tight stop, then there's nowhere to go. Either the trade works or it doesn't and given the Dow's daily range...pretty good chance it won't work.

And I so don't want to be negative. :|

You're not being negative mate just realistic, I have stated a few times before that the swings on Dow are wide at the moment.

Screenshot attached.

 

[brewski1984]

Nice move up there, I've moved my stop up to breakeven. I'll be doubling up soon if it keeps going.