spanish89
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Aloha people ive been trading via BetOnMarkets.com for about 6months now on and off, and had losses there of about £500, but profit of about £450. 
:|
But have now also been trading via spread-betting platform for 2weeks now.
On my 1st day i was free for 15mins in the morning before college, and so bought into the Ftse morning session, as since the Dow had finished up and and the Ftse was trending up i wanted to cash in.
But since it was only my 1st day using the platform i used demo account only..., less than 2minutes later i had earnt £84 of virtual money!:|
(However as i dont finish college completely till April/May that was the only time i have and am likely to be able to cash in on the morning Ftse session) :!:
Which is by far my favorite to trade as its normally easily predictable as it mirrors close of Dow, and will trend straight in 1 direction for atleast 15 - 20mins straight!
But back to the current reality....
Over the last 2weeks ive tried almost every different stratergy there is!!!
1. Ive read the topics by the most traders on here and other forums.
2. Ive metup with a sucessful trader from here.
3. Ive tried slowing my trade frequency down.
4. Holding for on longer even when im in loss.
5. Only trading on the trend lines, and in dips.
But over the last 2weeks ive lost about £400-£500 on here, and only made about £250 - £300.
The max profit ive ever had in my account was £45, and then i lost all that + £60 more out of the £100 i had put in there from creditcard!
(I havent even made 1 withdrawal yet as just have been topping my account up everyday, just to lose end up losing most of it!! :!:
My favorite market is the Ftse and oil, but i also trade a lil on the dow when its trending sharply, and from today going to try AUD/USD as it seems more stable and consistent straight then Ftse or oil.
I am a student currently, have about £1600 creditcard debt, and so my current capital left in account is about £60 now!!
I want to become a fulltime trader when i leave college, and i know it takes lots of experience before you start being 'sucessful'..,
But i simply cannot afford the risk of holding a position for more than a few mins, let alone a few hours:!:
So my preferred and current style of trading is:
1. Looking at graph and trying to see if there is a trend starting in direction over the last minute to few minutes..
2. If there i either buy or sell into it, with minimum stoploss available (20pips on ftse/ 30dow oil and fx).
3. If it continues to go in my favour i will hold till i have about £6 - 8 profit and then close, unless its trending in my favour very fast and constant.
4. Once close i then look and if it still trends more over next 10 - 15secs i will trade again, or if its moving opposite way i will try to cash in on that too.
5. However when i open a trade and it starts to go against me i will normally try and hold till minus 6 or 7, and then either will close and be sad at loss, or try and hold out till it turns again, but then more than likely end up hitting stoploss and being even more upset and sad and depressed!!
I dont just jump onto every tick and every trade randomly just to pass the time...
i do actually wait and only trade when i see a trend line forming...
But how come about 80 - 90% of the time when i trade in the direction of the trend line it either suddenly changes direction against me after a few seconds - few minutes???!!
Yesterday i made £230 profit with 15secs - few minute sclaping back and forth on oil in its last 2nd last hour, but at the same time lost £230+80 by it hitting the stoploss or having to close in loss before it hit S.L:!:
I try so so hard to research all the news and market data, even though i dont rely on just news,
and i watch and evalute so carefully to when i think a trend line is formed and going to continue in the same direction...,
but 80 - 90% of time it only goes in my favour 2-4pips max, and then turns against me and goes to loss!!
But so how do some many others of you get the trend direction correct 80 - 90% of the time, and not have it change direction against you after 15secs - a few mins????!! :?::!: :-0:-0
Please plyz help me and tell me how you all manage to not have the trend turn against you always, even when i research into the market just as much as anyone else, and think before i trade???
:|But have now also been trading via spread-betting platform for 2weeks now.
On my 1st day i was free for 15mins in the morning before college, and so bought into the Ftse morning session, as since the Dow had finished up and and the Ftse was trending up i wanted to cash in.
But since it was only my 1st day using the platform i used demo account only..., less than 2minutes later i had earnt £84 of virtual money!
:|(However as i dont finish college completely till April/May that was the only time i have and am likely to be able to cash in on the morning Ftse session) :!:
Which is by far my favorite to trade as its normally easily predictable as it mirrors close of Dow, and will trend straight in 1 direction for atleast 15 - 20mins straight!
But back to the current reality....
Over the last 2weeks ive tried almost every different stratergy there is!!!
1. Ive read the topics by the most traders on here and other forums.
2. Ive metup with a sucessful trader from here.
3. Ive tried slowing my trade frequency down.
4. Holding for on longer even when im in loss.
5. Only trading on the trend lines, and in dips.
But over the last 2weeks ive lost about £400-£500 on here, and only made about £250 - £300.
The max profit ive ever had in my account was £45, and then i lost all that + £60 more out of the £100 i had put in there from creditcard!
(I havent even made 1 withdrawal yet as just have been topping my account up everyday, just to lose end up losing most of it!! :!:
My favorite market is the Ftse and oil, but i also trade a lil on the dow when its trending sharply, and from today going to try AUD/USD as it seems more stable and consistent straight then Ftse or oil.
I am a student currently, have about £1600 creditcard debt, and so my current capital left in account is about £60 now!!
I want to become a fulltime trader when i leave college, and i know it takes lots of experience before you start being 'sucessful'..,
But i simply cannot afford the risk of holding a position for more than a few mins, let alone a few hours:!:
So my preferred and current style of trading is:
1. Looking at graph and trying to see if there is a trend starting in direction over the last minute to few minutes..
2. If there i either buy or sell into it, with minimum stoploss available (20pips on ftse/ 30dow oil and fx).
3. If it continues to go in my favour i will hold till i have about £6 - 8 profit and then close, unless its trending in my favour very fast and constant.
4. Once close i then look and if it still trends more over next 10 - 15secs i will trade again, or if its moving opposite way i will try to cash in on that too.
5. However when i open a trade and it starts to go against me i will normally try and hold till minus 6 or 7, and then either will close and be sad at loss, or try and hold out till it turns again, but then more than likely end up hitting stoploss and being even more upset and sad and depressed!!
I dont just jump onto every tick and every trade randomly just to pass the time...
i do actually wait and only trade when i see a trend line forming...
But how come about 80 - 90% of the time when i trade in the direction of the trend line it either suddenly changes direction against me after a few seconds - few minutes???!!
Yesterday i made £230 profit with 15secs - few minute sclaping back and forth on oil in its last 2nd last hour, but at the same time lost £230+80 by it hitting the stoploss or having to close in loss before it hit S.L:!:
I try so so hard to research all the news and market data, even though i dont rely on just news,
and i watch and evalute so carefully to when i think a trend line is formed and going to continue in the same direction...,
but 80 - 90% of time it only goes in my favour 2-4pips max, and then turns against me and goes to loss!!
But so how do some many others of you get the trend direction correct 80 - 90% of the time, and not have it change direction against you after 15secs - a few mins????!! :?::!: :-0:-0
Please plyz help me and tell me how you all manage to not have the trend turn against you always, even when i research into the market just as much as anyone else, and think before i trade???
