spanish89's Daily Trading Journal!! Whooooo ;)

[dick_dastardly]

This thread reminds me of mug2k ...... anyone remember him ?

I bet you do MrCharts !

What do you mean, most lads his age?

UTB

I no more wish to be filmed having a jump than I would taking a dump or picking my nose.

I always get into sells when it breaks through support, but then it always goes up a few hundred ticks for abit before coming back down..

:idea:






dd

 

[gooseman]

Here, you answered you own question, you fool!

perhaps if you didn't speak in riddles. well done you for being a philospher-now just translate for me, there's a good bloke.

 

[trader_dante]

WHy does gambling have such more money than trading with S&R??

It doesn't. You're just doing the latter badly

Don't sell a potential support area on a breakout.

Trading breakouts is, in my opinion, not advisable. There are too many false ones.

Look for the s/r pivot areas and then trade the reversal at them or wait for the break and trade the retest.

 

[FXSCALPER2]

Exactly - let the price action confirm things for you. And I see what you're saying re breakouts, but imho that's where a scaling in / out / jpbbing your average approach works wonders, combined with sound, consistent, disciplined money management.

No one, even the pros, is suggesting that timing is easy in these markets, making the other parts of your trading more important now than at ANY time I can remember in the 14 years I've been doing this.

My $0.02

GJ

'Even the pros', hehe. You remind me of the news feed which ends with '....traders say'.

 

[jm99]

gna take out a few hundred more soonish to buy a suit when i go london next.

good idea, you'll need a suit when ur up in front of the magistrate

 

[trader_dante]

good idea, you'll need a suit when ur up in front of the magistrate

LOL!

 

[jm99]

It doesn't. You're just doing the latter badly

Don't sell a potential support area on a breakout.

Trading breakouts is, in my opinion, not advisable. There are too many false ones.

Look for the s/r pivot areas and then trade the reversal at them or wait for the break and trade the retest.

normally i would agree, but buying a simple 60 min pivot high b/o, with the pviot low as the trailing stop has worked well for oil recently....obviously this sort of strat does not perform well for markets in "normal" mode. eg here is an example ec, cl composite nymex,single contract no position sizing

 

[wasp]

No-one who knows me here will say that I claim to be George Soros.

I, on the other hand, am better than George Soros....! :cheesy:

 

[Paul71]

I, on the other hand, am better than George Soros....! :cheesy:

I'm not that good yet mate. I'm nearly as good as Jim Cramer, he's a good trader you know, he's a 'pro' trader.:cheesy:

 

[wasp]

I've heard he's better looking though mate

Wouldn't be hard! Looks never caused Hugh Hefner any problems though!

 

[BSD]

Looks never caused Hugh Hefner any problems though!

Think its the pyjamas that do the trick, they provide pensioners with instant geriatric fertility with a little help from siliconey-girlies and copious Viagra.

 

[Hoggums]

 

[FXSCALPER2]

Think its the pyjamas that do the trick, they provide pensioners with instant geriatric fertility with a little help from siliconey-girlies and copious Viagra.

One hopes they would be gone when one wakes up the morning after. Prostitutes are not as attractive when one is sober.

 

[spanish89]

Today's closed trades (Full Trade History)
Contract Order # Date/Time Buy/Sell £/tic Tic Size Price Profit/Loss
Brent.Crude Aug Fut - 12 Aug, 08
Brent.Crude Aug Fut - 12 Aug, 08 5483399 18/07/2008 09:34 Sell 1 0.01 132.80
Brent.Crude Aug Fut - 12 Aug, 08 5483421 18/07/2008 09:35 Buy 1 0.01 133.21 £-41.00
Brent.Crude Aug Fut - 12 Aug, 08 5483442 18/07/2008 09:37 Sell 1 0.01 133.00
Brent.Crude Aug Fut - 12 Aug, 08 5483446 18/07/2008 09:37 Sell 1 0.01 133.00
Brent.Crude Aug Fut - 12 Aug, 08 5483446 18/07/2008 09:37 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5483533 18/07/2008 09:45 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5483533 18/07/2008 09:37 Sell 1 0.01 133.00
Brent.Crude Aug Fut - 12 Aug, 08 5483553 18/07/2008 09:37 Sell 1 0.01 133.00
Brent.Crude Aug Fut - 12 Aug, 08 5483553 18/07/2008 09:46 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5483886 18/07/2008 10:18 Buy 1 0.01 132.86 £14.00
Brent.Crude Aug Fut - 12 Aug, 08 5483937 18/07/2008 10:22 Sell 1 0.01 132.79
Brent.Crude Aug Fut - 12 Aug, 08 5484406 18/07/2008 11:07 Sell 1 0.01 133.50
Brent.Crude Aug Fut - 12 Aug, 08 5484423 18/07/2008 11:07 Sell 1 0.01 133.50
Brent.Crude Aug Fut - 12 Aug, 08 5484423 18/07/2008 11:09 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5484432 18/07/2008 11:10 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5484432 18/07/2008 10:22 Sell 1 0.01 132.79
Brent.Crude Aug Fut - 12 Aug, 08 5484442 18/07/2008 11:07 Sell 1 0.01 133.50
Brent.Crude Aug Fut - 12 Aug, 08 5484442 18/07/2008 11:10 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5484447 18/07/2008 11:11 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5484447 18/07/2008 11:07 Sell 1 0.01 133.50
Brent.Crude Aug Fut - 12 Aug, 08 5484642 18/07/2008 11:31 Buy 1 0.01 132.96 £54.00
Brent.Crude Aug Fut - 12 Aug, 08 5484705 18/07/2008 11:35 Sell 1 0.01 132.98
Brent.Crude Aug Fut - 12 Aug, 08 5484716 18/07/2008 11:35 Sell 1 0.01 132.98
Brent.Crude Aug Fut - 12 Aug, 08 5484716 18/07/2008 11:36 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5484748 18/07/2008 11:39 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5484748 18/07/2008 10:22 Sell 1 0.01 132.79
Brent.Crude Aug Fut - 12 Aug, 08 5484749 18/07/2008 11:35 Sell 1 0.01 132.98
Brent.Crude Aug Fut - 12 Aug, 08 5484749 18/07/2008 11:39 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5485185 18/07/2008 12:15 Buy 1 0.01 132.70 £9.00
Brent.Crude Aug Fut - 12 Aug, 08 5485193 18/07/2008 12:15 Sell 1 0.01 132.47
Brent.Crude Aug Fut - 12 Aug, 08 5485257 18/07/2008 12:21 Buy 1 0.01 132.52 £46.00
Brent.Crude Aug Fut - 12 Aug, 08 5485276 18/07/2008 12:23 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5485276 18/07/2008 12:15 Sell 1 0.01 132.47
Brent.Crude Aug Fut - 12 Aug, 08 5485277 18/07/2008 12:15 Sell 1 0.01 132.47
Brent.Crude Aug Fut - 12 Aug, 08 5485277 18/07/2008 12:23 Buy 1 0.01 0.00 £Stop Loss Move
Brent.Crude Aug Fut - 12 Aug, 08 5485414 18/07/2008 12:33 Buy 1 0.01 132.49 £-2.00
Lloyds TSB- 16 Sep 08
Lloyds TSB- 16 Sep 08 5483116 18/07/2008 08:49 Sell 3 1 297.00
Lloyds TSB- 16 Sep 08 5483890 18/07/2008 10:18 Sell 3 1 293.00
Lloyds TSB- 16 Sep 08 5483892 18/07/2008 10:19 Buy 3 1 295.00 £6.00
Lloyds TSB- 16 Sep 08 5483921 18/07/2008 10:20 Buy 3 1 0.00 £Stop Loss Move
Lloyds TSB- 16 Sep 08 5483921 18/07/2008 10:18 Sell 3 1 293.00
Lloyds TSB- 16 Sep 08 5484048 18/07/2008 10:27 Buy 3 1 295.00 £-6.00



Only traded for 2hours today because was going out to breakfast and shopping with my mates instead,
but still managed to make a nice cool £85 profit for hours work!! :cheesy:

The loss i had for £41 was because i tried that tight stoploss thing everyone kept telling me is so great and makes you money consistently.., but all it did was lose me £41!

The rest the day i just used stoplosses in the high 150s n 160s and o had nothing to worry about.


I could have made quite alot more today if id stayed in since i only sell oil now, and it dropped $4s about 5minutes after i went out, rose and then fell again...
But oh well, ive made way more than enough already this week to keep me happy. :cheesy::clap::cheesy:



Summary of this week profit-

Monday: £84
Tuesday:£357
Wednesday: £222
Thursday: £147
Friday: £85


So thats £895 profit this week from my account of what was £1,611 at start of week!! :cheesy::cheesy:


I should have made ALOT more like on tuesday i cashed in oil when it hit very strong resistance level..., however bernanke was in middle of saying th e US economies crap n gna get worse so oil crashed $8s less than 1minute after i cashed in my sell that was £2 tick!!

And today i cashed in n closed up for the day since i was going out, so missed about 500 t 600ticks though with the 2 sets of $4 falls.



But next week a new week with plenty more opportunities for me to make money!! :cheesy:

I withdrew £1,800 today which is about what ive earnt as profit over the last 2 n half weeks from my starting account of about £700,
so left £706 in my account now just incase we do have that account blowout..

N Gna se if i can hit £1000 this week at £1 tick like normal. :cheesy::cheesy:

 

[arabianights]

Hiya proxy troll


Thought about working out why you aren't making as much money as you should? It's definitely my greatest failing as a trader that... Today I should have made loads of money (half a month's earnings kind of thing) but instead did merely respectably.

What I need to do better is get the hang of letting my winners run and also be prepared to take on a larger position; what will you be doing towards the same end?

 

[KillPhil08]

If you blow that account up will you deposit the £1800 to continue trading. Or just stop trading?

 

[spanish89]

If you blow that account up will you deposit the £1800 to continue trading. Or just stop trading?

This my career mate, i wouldnt just say 'ok i quit new career' because i made 1 wrong trade n let it run too far and go 700ticks against me!

I very much doubt i will ''blow my account'', since i know about 96% the time when to cut losing trades (if the markets going to never go back in for however many months i can hold my contract for and it instead is going to trend off in the opposite direction)..,
and when to leave them n give the market some spcace to sort itself out! :cheesy:


If you lose 2% of your account everday for the next 2weeks are you just going to quit trading completely and get a different career where you can actually earn enough money to make a living mate?? :cheesy::cheesy:

 

[KillPhil08]

No, i would change my strategy. As you should do if you blow your account.

o/

 

[spanish89]

but instead did merely respectably.

Ahhh yes mate am fully aware that you are a very rich sucessful trader for the firm you work for.
You have a nice solid amount of money in your saving account, you have a nice healthy balance in your bank account, you live in a nice flat in london and drive a nice car, and earnt loads n loads of money every week! :clap::clap::clap:


Well done man, im happy for you, you can use £895 when you next run out of toilet paper im sure..




But for me that £700 that i started from was all the money i had in the world, no savings, no cash in wallet, no bank money, no flash car or all that stuff...

I know every thinks i should have traded when in that fincancial situation, but i did cos i believed in myself, and proved myself right! :cheesy:


My target was to make £40 per day (200pips per week), i wouldnt say no to anymore, but i would have been happy to be making that consistently..



But instead i managed to hit almost 900pips per week each week now!! :cheesy::cheesy::cheesy:

 

[north5]

if the markets going to never go back in for however many months i can hold my contract

You do realise you get charged each day for an open position don't you. That's going to be a lot of pips to make back over a few months.