I like your high target there LOL
Gold calls.Long term -medium term and intraday calls in gold is here !.
- Thread starter sujithsstorock
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I like your high target there LOL
I made 360k on oil and started of with a 20k account
loosed the lot on oil and kepped topping up the account
now down to £12280
francisfinley
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guys seriously if you lose more than 10k give it up. get a proper job.
you made 360k then lost the lot???
The next time I make 300k or 400k am only going to only loss Half of it
wow u made over 300k nd lossed it all! wow!!!
mad mad world
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doberman,
I appriciate your courage to stay in this market after 300k loss.....that is nothing infront of few thousand dollar loss of mine...
Do you still trade crude oil on daily basis ? Can you share your daily stretergy ?
Thanks and keep it up....
I'm using December 08 by the way
btw has anyone noticed that when Sujit says risky or very risky...u tend to make over a $5 dollar profit!!!!!! nd nearly all his risky ones have been right over the last 2 weeks!!!!
nd actually he was so close with the call today...i dunno hw he does it!!! very good! nd thanks! Ive just been watchin so far!
nd actually he was so close with the call today...i dunno hw he does it!!! very good! nd thanks! Ive just been watchin so far!
HI here was my stretergy I opened a sp account and put on £10 on us crude oil with no stop loss i did not know there was one and every time it went to 2.5k i put on an other $10 and when that went to 20k I stop the bet.
every time i went down 20k i cut the loss
I had not got cule about s&r s trends times of the markets noting only i was making money and throug it would last for ever mr million
In mid july when oil was going down i was still going up cause the nice people on cnbc where saying oil going to 200$
What a stretergy or what a tretergy
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I feel your pain bro and went through similar thing with Gold.
It started with me buying gold at 960 in July and then I kept buying as it went down.
Eventually my position got liquidated.
The media sub constiuosly programmes your mind so you end up doing these silly things.
Your stratergy would work with good risk management; since the market is random.
You should reverse position on loss double origanal size and keep doing this either side until trend occurs but work on the spaces between trade and you will have a good system.
I now reading few books and and think i have a good knowage of what is going on and why am lossing so much but keep lossing.
am going take all srocks calls to try put some money in the account but the long is how does he do it.
The thing about this game Ive never met an other traders as am in Ireland and dont know of any traders here I have spent a lot of money on my set up but dont know if it is right
The books i buy could be good or **** as i think most of them are (good traders dont need to wright books). But i dont know.
In short you learn from mistakes and we both need to learn when to cut our losses and back off.
Srock is successful trade because he knows the following before he even trades -
1. Entry level/Price
2. Risk/Stop Loss
3. Target/Exit
This is something you should have clear in your mind before you even click the mouse.
Successful traders never get emotionally involved with their positions.
Your a good trader but do not realise risk management, just like me.
When trades keep failing its best to sit out and observe the price action before re-entering.
Don't worry about losses you will make it back.
So far I have recovered £15000 of my £50k loss in July.
The reason I'm doing well, is simple I'm only looking for small movementsto profit on then I'm out and will re-evaluate before entering.
The longer your in this market the higher exposure to risk.
Just get in and out real fast like your pumping a sl*t! Ha Ha LOL
Does this work all the time?
Have you back tested the data for at least 2 years?
Have you tested this theory on dow?
Intresting I will investigate.
I still testing a system I have for the dow, it makes a minimum return of £10K per month and works inline with the VXD index.
If you have your own system/stratergy its the best thing especially if its back tested.
You will never worry about losses again as it takes away emotion so no room for human error.
Its range bound, best sit it out and wait.
