spanish89's Daily Trading Journal!! Whooooo ;)

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I have only a finspreads account and dont know
how to trade the dow on it.

You need to look for Wall Street in the indices / US section

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I think I should call it a day
Oil got me 140 pips
Have just started reading
MASTERING THE TRADE
by john f carter
Dont know if or what is intraday and swing trading,
is this anything like or to do with spread betting as this is all I know,
 
doberman, read and digest as much info as you can and test out your strategies before you commit yourself to trade with serious money. Any terms you are not sure of can be found on this site in Traderpedia or do a search for them. Most info is available for free if you look. Good luck with your trading education.
 
I think I should call it a day
Oil got me 140 pips
Have just started reading
MASTERING THE TRADE
by john f carter
Dont know if or what is intraday and swing trading,
is this anything like or to do with spread betting as this is all I know,

Please Please take it very easy on your Spreadbetting account until you know more, otherwise you may as well just be giving your money away.
 
doberman, read and digest as much info as you can and test out your strategies before you commit yourself to trade with serious money. QUOTE]

I been trading for about 10 week or more
Put it this way oil was 125$ when I opened my account with £100
and x by 2 in a week so why fool about I have big bills as i bought all round me in the hight of the property market here in Ireland and nothing is selling even with a 30 to 40% drop in price and the rents would not even cover 30% of the mortgage.
So have a go trader put 5k in the account and was now putting £10 on crude oil when the margin was £270,
£10 on at night as this was its low get up in the morning and wait till it goes up 120 / 150 pips then back it down till 10pm put on the £10.
up and the next thing I know was I had 15k and £30 a pip now, so why hang about bring over another 25k to the account and join the big boys £100/£150 per pip in only 1 week 178k in the account now £350 per pip the last I remember the account had 350k.
It is very hard to tell what I hope is not the end of this story or my trading life. by the end of that week I had £1750 and the next monday I even lost that.
I have never lost money like this before between property and 30k on spread betting cause thats what i took out of my bank account .
I now want to be a day trader cause if you know what you doing you will make money and have never learnt as much in the last four week about myself and the world about me I know I going bankrupt in the property if i dont do some thing fast and traders will say i will never make it cause this will affect my judgement but it is my make or break it as it is now the only thing i want to master
I tell this cause i thank any body that answers my posts which has time after time saved my bacon so please keep it up and thanks again.
 
candid stuff

I'm afraid you're going to be in a lot of financial trouble. It takes the average successful retail trader 18 months to become consistently profitable. Why do you think you can do it in 2 months?

Why not put it all on black at the local casino? You might as well. At least you can have a couple of blonde bimbos on your arm at the time.

Now, I am in a predicament. I don't know who to bet on blowing up their accounts first... I'm definitely long on Paddy Power, though.
 
i couldnt quite fathom doberman's post.

Did you mean your account was up around 350k (euros i presume?)?
 
Doberman:

Some unorthodox advice. If you're definitely going to have to go bankrupt otherwise then go hell for leather now. Your money is going to be taken off you anyway so gamble it recklessly and just hope you get somewhere with it. Take immensely leveraged stupidly risky trades and pray to the deity of your choice one trade pays off.
 
LOL

I told you that oil wasnt going to do anything today doberman.., it was just horseing around.

I made £152 today, but only made 4 trades in about 2hours. ;)
 
Today's closed trades (Full Trade History)
Contract Order # Date/Time Buy/Sell £/tic Tic Size Price Profit/Loss
Brent Crude Aug Fut - 14 Jul 08
Brent Crude Aug Fut - 14 Jul 08 5430901 08/07/2008 20:26 Buy 1 0.01 136.26
Brent Crude Aug Fut - 14 Jul 08 5431166 09/07/2008 07:01 Sell 1 0.01 137.38 £112.00
Brent Crude Aug Fut - 14 Jul 08 5431735 09/07/2008 09:02 Buy 1 0.01 137.86
Brent Crude Aug Fut - 14 Jul 08 5431738 09/07/2008 09:02 Buy 1 0.01 137.86
Brent Crude Aug Fut - 14 Jul 08 5431738 09/07/2008 09:02 Sell 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5431771 09/07/2008 09:07 Sell 1 0.01 138.09 £23.00
Brent Crude Aug Fut - 14 Jul 08 5431821 09/07/2008 09:11 Buy 1 0.01 138.16
Brent Crude Aug Fut - 14 Jul 08 5431886 09/07/2008 09:20 Sell 1 0.01 138.35 £19.00
Brent Crude Aug Fut - 14 Jul 08 5431946 09/07/2008 09:28 Buy 1 0.01 138.73
Brent Crude Aug Fut - 14 Jul 08 5432072 09/07/2008 09:28 Buy 1 0.01 138.73
Brent Crude Aug Fut - 14 Jul 08 5432072 09/07/2008 09:43 Sell 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5432251 09/07/2008 10:04 Sell 1 0.01 138.52 £-21.00
FTSE.100 Fut.-.18 Dec 08
FTSE.100 Fut.-.18 Dec 08 5432279 09/07/2008 10:07 Buy 1 1 5565
FTSE.100 Fut.-.18 Dec 08 5432471 09/07/2008 10:27 Sell 1 1 5583 £18.00



So £152 easy profit at £1 point. ;)
 
I also have made a longterm investment in the ftse...,
wasnt really focusing so got in at the peak. :D:D


But am looking for 5800 next week, and then lets just see how things go from there.. ;)


Am at £2 point so will be a nice little profit, an have whacked on a nice 750points stoploss just t be safe n make sure i dont have to worry about getting stopped out. ;)
 
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