spanish89's Daily Trading Journal!! Whooooo ;)

[Joey25]

I wonder if AliAirMiles has given him 10K for his 20%-a-month challenge? :cheesy:

 

[PitBull]

s89, this thread is just too funny, :clap::clap:

Now you'll be getting your margin calls or should I say ar$e spanked.

Keep up the entertainment.

 

[Mr. Charts]

How did you get that drawing of S89's mum teaching him a lesson, Lee ?
Richard

 

[Lee Shepherd]

To thread viewers and spanish,

Just my 2cents worth.

Spanish:

Well done for posting your results, more people would earn more credit to follow in your footsteps. I'm not in any position to critisize you or your methods so keep doing whatever you feel right to do with your own money (or who ever invests in you). Enjoy it while it lasts.

Others:

Fair play to spanish for being brave enough to do what many wish to try and achieve, any advice will fall on deaf ears and I can only say well done for not listening to the crowd. In the trading game (as we all know) is about going against the very thing we sometimes believe in and betting on the reverse of something that seems totally irrational and in return we hope to get the better prices for the contracts then sell them on to someone else for them (or someone else and so on) to lose money on.

Disclaimer:

I do not condone spanish's form of trading as it is extremely low risk loss with an incredibly high chance of total blowout the longer this is played out. The form of trading this style is almost 99% hit rate, it is however, the other 1% that causes a huge problem and left unatended will inevitably lead to total loss.

Lets let spanish get on with what he's doing and watch it unfold. Who knows, he may become a millionaire, probably not, but you never know.

Good luck all.

Lee Shepherd.

 

[Joey25]

On a mark-to-market basis it's not extremely low risk...

 

[Lee Shepherd]

I said low risk loss, not just low risk.....

Read the post properly before commenting and taking out of context.

 

[Hoggums]

Personally I couldn't care less how spanish trades, stops or no stops.

But I can see a huge train wreck ahead and despite his idiocy I don't want to see Spanish contending with CCJs because he is unable to pay his credit card debts after he's gambled away his mother's savings too.

IF YOU NEED TO BORROW TO FINANCE YOUR TRADING THEN YOU ARE ALREADY IN DEEP DOODOO. LOOK AT NOTHERN ROCK!

Todays market events have no doubt made his situation worse.

Trading on credit card debt is utter lunacy.

 

[Joey25]

My apologies. I did quote out of context.

However, it may not be obvious to the newbies he targets in his room that they will be stung for
margin on the way to the "low risk point"

 

[arabianights]

My apologies. I did quote out of context.

However, it may not be obvious to the newbies he targets in his room that they will be stung for
margin on the way to the "low risk point"

Anyone who reads this thread

and then takes advice from spanish

deserves what they get imo.

Only made 3.5k on Trichet so won't be visiting spanish tomorrow...

 

[Joey25]

You can make another 4 before last orders!

 

[new_trader]

Read the post properly before commenting and taking out of context.

Exactly!

People....

 

[arabianights]

You can make another 4 before last orders!

I don't see any obvious trades really... Euribor likely to stay rangebound at these levels now in my opinion but I'm not going to try and pick what the range actually is. Euroswiss the same with some panic towards the end... but not necessarily up. And ignoring sterling.

Risk/Return doesn't seem good to me.

 

[spanish89]

To thread viewers and spanish,

Just my 2cents worth.

Spanish:

Well done for posting your results, more people would earn more credit to follow in your footsteps. I'm not in any position to critisize you or your methods so keep doing whatever you feel right to do with your own money (or who ever invests in you). Enjoy it while it lasts.

Others:

Fair play to spanish for being brave enough to do what many wish to try and achieve, any advice will fall on deaf ears and I can only say well done for not listening to the crowd. In the trading game (as we all know) is about going against the very thing we sometimes believe in and betting on the reverse of something that seems totally irrational and in return we hope to get the better prices for the contracts then sell them on to someone else for them (or someone else and so on) to lose money on.

Disclaimer:

I do not condone spanish's form of trading as it is extremely low risk loss with an incredibly high chance of total blowout the longer this is played out. The form of trading this style is almost 99% hit rate, it is however, the other 1% that causes a huge problem and left unatended will inevitably lead to total loss.

Lets let spanish get on with what he's doing and watch it unfold. Who knows, he may become a millionaire, probably not, but you never know.

Good luck all.

Lee Shepherd.

Thanks man, but i got toally f****ed today.

You can all think im blaming others, i dont give a **** what most of you think though!

I was planning on holding my position short on oil with stoploss at $153.

However when i was in the chatroom this morning i was foolish and stupid enough to listen to a bunch of idiots n twats all saying i was so wrong and that oil was gna blast 150 before falling below 140 again, and that the rate hike today would make oil go up and take out my stop.
And foolishly instead of following my own calls, that have been correct everytime so far when i forecast them on here night before, i followed the comments of 2 idiots on the chatroom, who ive never ever actually seen make any sucessful live calls or forecasts ever, and so i cut my oil short in half taking £580 loss, and bought the oil daily as the euro rate hike was meant to be taking it to 1.6+ and to make the oil go up n up according to them.

I managed to make some cash myself by scalping the oil waiting for the interest level,
and had my long in place on it waiting for the increase in euro.


But what happened and how come all the 'experts' were so wrong about the euro hike??!!

The euro fell in a straightline, and so dollar rose crushing my oil long!!

The dow was also meant to fall over 300points according to 1 of them, and so i had gone in heavey selling dow as soon as the jobless claims n nonfarms came out worse than expected...,
and got ****ed again!!

And then i was so panicy n jumpy i started to try getting in on the oil selling £3 tick with 75 stoploss as everyone had kept saying is how you should trade, but that was wrong and you shouldnt ever be using that small stoploss and so i got ****ed again!!


When i now look at the market if i had just ignored all the twats on here and in that chatroom who are simply complete idiots and most of who are jut talking complete ******** about how rich they are from trading,
and followed my own plan that i had repeated so many times on here lastnight i was going to do, i wouldnt have lost any money at all, and instead would have just been in a trade that even though would currently be in a loss, i would have a stoploss that wouldnt get taken out, and would be just holding my position waiting for the oil pullback next week!!




And so for those reasons i will no longer be posting on this site or in that chatroom again as im going only follow my own decisions from now, and so not going to allow myself to be swayed by a load of priks who just talk complete **** mostly!!

Im sorry to the few people who have been following my prpevious forecasts, and so made money from them, but you can can feel free to private msg me if you wish for my msn address.


The rest of the losers on here mainly dont have a clue about how to actually make money, like to talk all the big talk but never actually provide any proof or live calls n forecats ever to back their claims up, and so you can all **** off.. :cheesy:



Im happy to post my trades from today though as im not scared to admit when i lose money. (Didn't borrow any, although what the **** has it actually got to do with anyone else on some internet site if i borrow of my mother anyways??!)

Brent Crude - Daily
Brent Crude - Daily 5409409 03/07/2008 08:09 Buy 1 0.01 145.44
Brent Crude - Daily 5409497 03/07/2008 08:15 Sell 1 0.01 145.56 £12.00
Brent Crude - Daily 5409540 03/07/2008 08:17 Buy 1 0.01 145.62
Brent Crude - Daily 5410061 03/07/2008 09:15 Sell 1 0.01 145.66 £4.00
Brent Crude - Daily 5410071 03/07/2008 09:16 Buy 1 0.01 145.77
Brent Crude - Daily 5410112 03/07/2008 09:24 Sell 1 0.01 145.84 £7.00
Brent Crude - Daily 5410141 03/07/2008 09:27 Buy 1 0.01 145.91
Brent Crude - Daily 5410168 03/07/2008 09:29 Sell 1 0.01 145.88 £-3.00
Brent Crude - Daily 5410403 03/07/2008 10:00 Buy 1 0.01 146.19
Brent Crude - Daily 5410437 03/07/2008 10:02 Sell 1 0.01 146.24 £5.00
Brent Crude - Daily 5410449 03/07/2008 10:03 Buy 1 0.01 146.16
Brent Crude - Daily 5410931 03/07/2008 11:04 Sell 1 0.01 146.21 £5.00
Brent Crude - Daily 5411107 03/07/2008 11:16 Buy 2 0.01 146.49
Brent Crude - Daily 5411196 03/07/2008 11:16 Buy 2 0.01 146.49
Brent Crude - Daily 5411196 03/07/2008 11:24 Sell 2 0.01 0.00 £Stop Loss Move
Brent Crude - Daily 5411199 03/07/2008 11:24 Sell 2 0.01 0.00 £Stop Loss Move
Brent Crude - Daily 5411199 03/07/2008 11:16 Buy 2 0.01 146.49
Brent Crude - Daily 5411938 03/07/2008 13:22 Buy 2 0.01 145.80
Brent Crude - Daily 5411941 03/07/2008 13:22 Sell 2 0.01 146.04 £48.00
Brent Crude - Daily 5411950 03/07/2008 13:25 Buy 2 0.01 145.88
Brent Crude - Daily 5411964 03/07/2008 13:27 Sell 2 0.01 145.94 £12.00
Brent Crude - Daily 5412414 03/07/2008 13:52 Sell 2 0.01 144.51 £-396.00
Brent Crude Aug Fut - 14 Jul 08
Brent Crude Aug Fut - 14 Jul 08 5407381 01/07/2008 19:27 Sell 2 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5409163 01/07/2008 19:27 Sell 2 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5409163 03/07/2008 00:22 Buy 2 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5409391 03/07/2008 08:06 Buy 2 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5409391 01/07/2008 19:27 Sell 2 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5409395 01/07/2008 19:27 Sell 2 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5409395 03/07/2008 08:07 Buy 2 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5410852 03/07/2008 10:52 Buy 1 0.01 146.13 £-586.00
Brent Crude Aug Fut - 14 Jul 08 5410871 03/07/2008 10:54 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5410871 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5410876 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5410876 03/07/2008 10:55 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5410879 03/07/2008 10:55 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5410879 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5410896 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5410896 03/07/2008 10:58 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5410899 03/07/2008 10:58 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5410899 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5411194 03/07/2008 11:24 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5411194 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5411915 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5411915 03/07/2008 13:17 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5411927 03/07/2008 13:19 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5411927 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5411928 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5411928 03/07/2008 13:19 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5412446 03/07/2008 13:53 Sell 3 0.01 144.36
Brent Crude Aug Fut - 14 Jul 08 5412850 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5412850 03/07/2008 14:20 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5412861 03/07/2008 14:21 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5412861 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5413007 03/07/2008 14:32 Buy 3 0.01 145.57 £-363.00
Brent Crude Aug Fut - 14 Jul 08 5413025 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5413025 03/07/2008 14:32 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5413028 03/07/2008 14:33 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5413028 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5413032 01/07/2008 19:27 Sell 1 0.01 140.27
Brent Crude Aug Fut - 14 Jul 08 5413032 03/07/2008 14:33 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude Aug Fut - 14 Jul 08 5413035 03/07/2008 14:33 Buy 1 0.01 0.00 £Stop Loss Move
Wall.Street Fut - 18 Jul 08
Wall.Street Fut - 18 Jul 08 5411991 03/07/2008 13:30 Sell 2 1 11218
Wall.Street Fut - 18 Jul 08 5412432 03/07/2008 13:52 Buy 2 1 11284 £-132.00

 

[shadowninja]

Save some face, you know you've only got one
Change your ways while you're young
Boy, one day you'll be a man
Oh girl, he'll help you understand
Smile like you mean it
Smile like you mean it

 

[gooseman]

only one person clicked that trade button pal.

 

[Masquerade]

:clap:



I gambled on wall st being down >300. Please note the word GAMBLE. I risked 4 to make 100 - not a big loss. No-one told you to buy all those binaries and risk 16 points it was your choice.

 

[mrpunter]

hey ho, you were warned!
Is your health still intact?
TOMORROW IS ANOTHER DAY! :clap:

 

[MrGecko]

I'm with Arabian; what we are witnessing here is a prime example of natural selection. It is only a shame that, having identified a target, none of us are able to profit, as spanish is dealing with an SB firm rather than other participants in the market (if Spanish was trading DMA, I'd be straight on the blower setting up some cross trades).

 

[gooseman]

hang on a sec-the lad's just done a load of dough and you're laughing. His perceived strategy might have been wayward but have a bit of decorum-don't mkae fun. you all know losing money isn't a nice feeling.

 

[arabianights]

hang on a sec-the lad's just done a load of dough and you're laughing. His perceived strategy might have been wayward but have a bit of decorum-don't mkae fun. you all know losing money isn't a nice feeling.

I tend to agree with this but then again one can't blame anyone for reacting... he has been going around calling us not very nice things and we have tried to help, way beyond what is reasonable actually...