Trading in Oil - Pennies to Pounds

Niksan

You will need to update your first post

foxwales

Niksan wrote: »

You will need to update your first post

I shall do that now

foxwales

Starting to close my trades now as the market is hitting what I think will be today's peaks.

FTSE 100 is nearly back up to 6000 points, all of my indices have gone up 100 points today so have made a fantastic profit.

Oil is going back up in price and got my buy orders placed.

Just realised that if I had been trading at £1.00 a point I would be up about £2.8k at the moment. But I need a to reality check and stay level headed and stick with what i'm doing.

Niksan

Hindsight is wonderful, if I'd have put 1K on the F100 I'd be able to take a few years of work, if it'd have gone the other way, I'd be sleeping in a skip.

foxwales

Niksan wrote: »

Hindsight is wonderful, if I'd have put 1K on the F100 I'd be able to take a few years of work, if it'd have gone the other way, I'd be sleeping in a skip.

Lol that is very true! I would be in the same position. Better to realise all profits regardless of how small they are, I am more than happy with my first few days of trading.

middlepuss

The worst thing that can happen when you start gambling is you win. If you then win again, then win again some people can start to think they're invincible. That's when they place the big bet and guess what...?

foxwales

Well I have closed most of my trades, finished trading today at £312.00 and still sitting on 4 orders waiting for them to peak.

Based on my current running P/L it should add just under another £100 into the pot. :T

foxwales

Markets took another large dive on Friday and are now in a slow recovery today stifled by the ever increasing oil prices.

Took advantage of the lows with lots of buy orders and am watching the profits slowly rise.

Also placed some orders in silver last week and it has made huge leaps over the last few days so I have made substantial profits recently on both oil and silver :beer:

foxwales

I'm not far off the 3k Mark and all from £20, to say I am in shock is an understatement, made just under 1k yesterday from what was a very lucky prediction which worked massively in my favour.

I'm sitting on an active loss of £315 at the moment as markets took a dive today, looking to close these off before the weekend and deposit the money I have made into my bank account to start again anew on Monday. :j

middlepuss

Hope your luck continues, fox.

How about a 6 horse accumulator next?