spanish89's Daily Trading Journal!! Whooooo ;)

Aloha ive had quite a few newbies message me now after reading my rather contreversial topics,
and so for all of you who im givng entery and exit points to on msn and stuff over the last few days, i am going to also copy n paste my trade history everyday for you all to see how ive done and how much ive made.



Cos unless you are offering to start paying my rent and living expenses instead, then your just wasting your time trying to tell me that the way im earning money to pay it at the moment is rubbish!



Ok back to my topic though... :cheesy::clap::cheesy:

Over the last 2weeks i smashed the **** out the ******** oil, and wiped off £3,000 of creditcard debt, using just a £750 account!! :cheesy: :cheesy:


Now however im not gna be taking those sorta risks though, so i have set my daily target to £40 profit. (That will cover my rent and all living expenses).

And my account now has £810. (so im making about 5% my account per day). :cheesy:



Here goes-

Today's closed trades (Full Trade History)

Contract Order # Date/Time Buy/Sell £/tic Tic Size Price Profit/Loss
Brent Crude - Daily
Brent Crude - Daily 5335207 16/06/2008 16:40 Sell 1 0.01 136.84
Brent Crude - Daily 5335220 16/06/2008 16:42 Buy 1 0.01 137.02 £-18.00
Brent Crude - Daily 5335234 16/06/2008 16:43 Sell 1 0.01 136.80
Brent Crude - Daily 5335248 16/06/2008 16:44 Buy 1 0.01 136.61 £19.00
Brent Crude - Daily 5335313 16/06/2008 16:47 Sell 1 0.01 136.61
Brent Crude - Daily 5335328 16/06/2008 16:47 Sell 1 0.01 136.61
Brent Crude - Daily 5335328 16/06/2008 16:51 Buy 1 0.01 0.00 £Stop Loss Move
Brent Crude - Daily 5335530 16/06/2008 17:37 Buy 1 0.01 136.41 £20.00
Brent Crude - Daily 5335536 16/06/2008 17:38 Buy 1 0.01 136.40
Brent Crude - Daily 5335538 16/06/2008 17:39 Sell 1 0.01 136.47 £7.00
FTSE 100 -Daily Cash
FTSE 100 -Daily Cash 5332432 16/06/2008 10:27 Buy 1 1 5817
FTSE 100 -Daily Cash 5332459 16/06/2008 10:30 Sell 1 1 5818 £1.00
FTSE 100 -Daily Cash 5334519 16/06/2008 15:15 Sell 1 1 5778
FTSE 100 -Daily Cash 5334526 16/06/2008 15:17 Buy 1 1 5777 £1.00
FTSE 100 -Daily Cash 5334535 16/06/2008 15:18 Sell 1 1 5780
FTSE 100 -Daily Cash 5334540 16/06/2008 15:19 Buy 1 1 5784 £-4.00
FTSE.100 Fut - 19 Jun 08
FTSE.100 Fut - 19 Jun 08 5332499 16/06/2008 10:37 Sell 1 1 5813
FTSE.100 Fut - 19 Jun 08 5332801 16/06/2008 11:39 Buy 1 1 5811 £2.00
FTSE.100 Fut -.18 Jul 08
FTSE.100 Fut -.18 Jul 08 5314654 11/06/2008 14:41 Buy 1 1 5817
FTSE.100 Fut -.18 Jul 08 5332103 16/06/2008 09:40 Sell 1 1 5842
FTSE.100 Fut -.18 Jul 08 5332155 16/06/2008 09:40 Sell 1 1 5840 £23.00
FTSE.100 Fut -.18 Jul 08 5332160 16/06/2008 09:41 Buy 1 1 0 £Stop Loss Move
FTSE.100 Fut -.18 Jul 08 5332160 16/06/2008 09:40 Sell 1 1 5842
FTSE.100 Fut -.18 Jul 08 5332266 16/06/2008 10:01 Buy 1 1 5835 £7.00
FTSE.100 Fut -.18 Jul 08 5333204 16/06/2008 12:59 Sell 1 1 5804
FTSE.100 Fut -.18 Jul 08 5334510 16/06/2008 15:14 Buy 1 1 5797 £7.00
FTSE.100 Fut -.18 Jul 08 5334557 16/06/2008 15:22 Buy 1 1 5806
FTSE.100 Fut -.18 Jul 08 5334697 16/06/2008 15:46 Sell 1 1 5813 £7.00
FTSE.100 Fut -.18 Jul 08 5334723 16/06/2008 15:49 Buy 1 1 5816
FTSE.100 Fut -.18 Jul 08 5334816 16/06/2008 15:56 Sell 1 1 5824 £8.00
FTSE.100 Fut -.18 Jul 08 5334885 16/06/2008 16:01 Buy 1 1 5825
FTSE.100 Fut -.18 Jul 08 5335195 16/06/2008 16:37 Sell 1 1 5810 £-15.00



£65 profit at end of the day.

(Although the £18 loss was only cos i pressed teh wrong buuton by accident, and the £4 was cos i was testing if they were actually updating my account balance)

So have you changed your strategy from the one that you were following before with the untouchable stop-loss?

This seems like a good days trading. A few too many trades for my taste but each to their own.....well done!!

Well done,
I would recommend using half your usual position size for Short positions, just so your biased more towards the Up-side.

Cut your losses no matter what, don't go deeper than $20-30.

spanish, how are you taking trades?, i mean are you using techical anysis?, or fundamentals? or gut feel?

by the way are you a scalper?, trend trader? or both?

be disciplned and set your stop and stick to it, do not move it no matter what, let your profits run

CHRISTO9HER said:

So have you changed your strategy from the one that you were following before with the untouchable stop-loss?

This seems like a good days trading. A few too many trades for my taste but each to their own.....well done!!

Click to expand...

Nope, why would i change when its made me over £3,000 in 2weeks??! :cheesy:

Although tht was basically tearing up the oil like mad!


But now i happy to set my target at £40 per day. These were all with about 150 t 200 stoplosses though, because at end of te the ftse is 99% likely to stay within the range off 6500 - 5400, rather than not stay in it...

So i just make sure my stops are outside the range always just to be extra safe.

jayjay121 said:

spanish, how are you taking trades?, i mean are you using techical anysis?, or fundamentals? or gut feel?

by the way are you a scalper?, trend trader? or both?

be disciplned and set your stop and stick to it, do not move it no matter what, let your profits run

Click to expand...

I use news and fundamentals, S & R, and oil.

At end of day the ftse simply follows the dow, and the dow is just controlled by oil n the news.

So i use-
Forex Calendar @ Forex Factory

And have a live constant stream to bloomberg tv on my desktop.


I check the news and numbers coming out that day, trade before its released though, and when theres no news i check what oils doing, cos then i know what direction ftse heading.


And im an minutes/hours/day trader.

Only trade futures, and do longer term for certain trades, scalp the rest of the time if i get bored and see big dips n peaks.


I trade on Tradindex cos they quickest and easiest to execute from, but use ig chart window cos its live streaming tick-by-tick.
So i just watch that sometimes, when there a spike that peaks or dips i just trade qucik against it and then cash in when the pull back comes.




And no mate, thats where most people go wrong though.

Stoplosses will kill you.

I traded all these with 150+ stoplosses, because they will keep you safe and your money yours.
As long as you have stoploss cash you have a position.

Cos the ftse is 99% likely to stay within the range off 6500 - 5400, rather than not stay in it...


So i just make sure my stops are outside the range always just to be extra safe.

Careful guys...this guy's an idiot!

He had a FTSE long and a FTSE short open at the same time. One moved 40 pips or so. So he closed that and called it profit. What he's failing to mention is the other side is 40 in loss.

PLEASE don't take tips from him - just look how much debt he's accrued and he's one step away from a train wreck asking people to trade for him and asking for advice. There are many good traders around on T2W - spanish is just a bad gambler with no concept of risk.

Masquerade said:

Careful guys...this guy's an idiot!

He had a FTSE long and a FTSE short open at the same time. One moved 40 pips or so. So he closed that and called it profit. What he's failing to mention is the other side is 40 in loss.

PLEASE don't take tips from him - just look how much debt he's accrued and he's one step away from a train wreck asking people to trade for him and asking for advice. There are many good traders around on T2W - spanish is just a bad gambler with no concept of risk.

Click to expand...

Ok mate i close my positions at the same time for an equal profit and a loss cos i just enjoy sitting infornt of a screen all day doing that for a laugh, and then hope that at the end of every month a pile of money will have just magically appeared in my bank account to pay all my bills n food!! :cheesy:



Look mate just go back to pretending that your a millionaire poker player who has apartments all round europe and that you are now trading with these millions you have made playing poker (at the age 21)!!

Im sure we all do believe you....

You dont actually 'have' to stack shelves at asda,
you just do it for fun inbetween all these million quid poker games you claim you played!!

Those who know me round here know the truth so i'm fine with that

I'm just giving a warning to all the newbies because not everything's as it seems and it's worrying that they're asking you for advice. As I said, if you lose your money that's your problem. But if you start advising people - they lose money and I don't want them to get a bad initiation and they might actually sue you.

If you want to show how smart you are. Why not post your profit and loss account from the last 6 months.

Masquerade said:

The truth

Click to expand...

Ok sure mate whatever you say.

I hope your having fun in your multi-million quid luxury apartment in france you claimed it is.., driving your fleet of ferrari enzos i distinctly remeber you telling me!!

barjon said:

spanish

I do hope you're not metamorphosing into a vendor on the back of your recent run - and I hope all those you mention have read your various threads thoroughly.

jon

Click to expand...

And nah im not trying to sell anything to anyone..

But yep im more than happy for everyone to read all my posts from the very start of my trading about 6months ago until now... :cheesy:


Cos you see unlike most of the people who, who can claim to be as genuine and as sucessful as they want, the truth is the majoirity of them are just talking complete ( BLEEP), and come on this site cos its where they can pretend to be millionaires from the evenings and talk about a hobby they have of stockmarkets!!


Im however was always more than happy to publicly broadcast it and go into great detail when i was( BLEEPing )up trading and losing all my money!

I never pretended im some trading guru who has the master plan that will make everyone a billionaire by breakfast tomorrow! LOL



All im doing is responding to the people who have contacted me, and telling them about how i trade, telling them when im entering trades, and showing them the profit n loss at end of everyday... :cheesy::cheesy:

If they are fedup with the majority of people here who all talk ( BLEEP ), and they do want to copy me then its their choice....!!



( BLEEP ) im self employed but this website feels like its my ( BLEEPing )office!!

Looking good, I'm guessing your going to try and compound your daily amount to increase to larger daily targets?

That log looked a bit like mine (used to be impatient at entering, got it sussed and calm now!).

Can't wait to see what tomorrow holds!

Good trading,
Phil.

PS - DOW, Mondays are usually bulls, Wednesdays are usually Bears (historic statistics).

hey spanish!! how you doing mate...
right im not criticising mate, you will do want you want to anyway. actually think you been pretty honest on here win and lose which is admirable.
just wandering about your stop losses, which you say are about 150-200 points, which is ok but just wandering about your profit targets!
if your profit target for day is £40 (and im assuming your trading £1 per point) then thats 40 pips right. what happens one day when your stop loss does get hit AND IT WILL MATE even though as you say it my be unlikely (not so sure about that tho)
so on day your stop loss gets hit and your say 200 points down now with your profit targets it would take you a whole week of reaching them everyday just to braek even!!!!
And what happens if stop loss hit twice in week (entirley possiable mate)

so like i say im not criticising mate but thought you may want to think about that (or maybe you wont lol)
think its call risk/reward ratio

cheers mike

ps im not a miilionaire trader with apartments over europe! (not yet anyway )
but am doing ok

man you sure have a lot of transaction costs.. i started off trading this way trading the australian index. lol. buy sell every few minutes. i did really well. ran up AUD $500 to 7k in a few weeks, then to 10k over the next few days. then a breakout and one trade wiped me out lol (for those of you who remember the 400 point rally on the dow start of last quarter when everyone was covering their shorts). its a great strategy during a channel which has been happening lately in a downside direction. be careful though. there have been many divergence signals over the last week. the ASX broke out from the channel today. if there is no whipsaw, you could get wiped out..

and i mean signals pointing to a MASSIVE divergence.

spanish-any idea what a 'fat tail' is? or an outlier?

gooseman, i dont think its crucial to know what those terms mean to see a massive drawdown... lol

every trader goes through the same process.. they start out, they lose they win, they win some more, get too confident, lose everything, then start again, play it safe, gain confidence, lose win again, win more, gain confidence, then lose. lol. its a completely normal process..

his premise is to set the stop loss so far away that it shouldn't trigger. what he doesn't understand that he will be margined and when the future rolls to the next month any paper loss will be crystallised.

his punt on oil was sheer fluke-absolutely no basis for the trade-and luck got him out of it. better lucky than good i guess.

as for trading on credit cards-well draw your own conclusions.

hahaha no i think your point truly holds. most of it was pure luck. i think the problem is money management in this case. a loss will wipe out the portfolio and then some. the variance is almost infinite in the markets, and normal distribution definitely doesnt hold, in its pure form at least. crashes and booms happen too often.

i think you need luck, but you have got to be good to win in the long term. however i think that without these early loses its impossible to get good. this really encourages researching the markets. the best systems come around during these times.

maybe we are wrong though and spanish is going to make a million by the time i finish this post..

maybe he will, maybe he won't-i don't really care to be honest. i'd rather he didn't do his cods-it's never nice to see someone carted out but maybe a blow up using his strat might be a good thing. i admire his enthusiasm but there is a distinct lack of knowledge and arrogance given some of the pearls of wisdom that have been handed out here.