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Just made another £304 on oil futures.

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    Just made another £304 on oil futures.

    Thought you might be interested.

    I've made just over £1000 tax free in the last week.

    #2
    in related news, the November figure for Iraqi civilian deaths is just in:
    http://www.cnn.com/2009/WORLD/meast/...aq.casualties/

    Comment


      #3
      Is that a signal to buy?

      Comment


        #4
        You is a speculant.

        Before Atw gets here...

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          #5
          Originally posted by DimPrawn View Post
          Is that a signal to buy?
          you filth. your putrid money is stained with blood of innocents

          send it to me and I will purify it for you. before, er, sending it back



          (\__/)
          (>'.'<)
          ("")("") Born to Drink. Forced to Work

          Comment


            #6
            Originally posted by DimPrawn View Post
            Thought you might be interested.

            I've made just over £1000 tax free in the last week.
            well done. are you prepared to share how you do it?

            Comment


              #7
              Originally posted by singhr View Post
              well done. are you prepared to share how you do it?
              I use the IG Index PureDeal platform, trading on Jan-10 Brent Crude.

              If the price gets close to $80 a barrel (give or take) I get an SMS. If the price turns down from there, I put a sell on at 4 or 5 £ a point, with a stop loss just above $80. I take profits when the price falls quickly and make £300 or £400.

              I do the same but a buy at around $75 ish dollars.

              The key is to see that when it hits my alerts, the price turns away before making the bet and putting the stop loss just outside that range.

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                #8
                I'm guessing by either spread betting on the price of oil through the day or day trading in futures.

                Oil is pretty volatile atm, although generally going up.

                Watch the market and buy when you think you can see the low point for the day, then cross fingers and hope you got it right.

                edit :

                He answered anyway, a bit more sophisticated than my simple minded approach
                Last edited by DaveB; 2 December 2009, 16:58.
                "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

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                  #9
                  How much cash do you stake to get these returns?
                  Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.

                  I preferred version 1!

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                    #10
                    Originally posted by TonyEnglish View Post
                    How much cash do you stake to get these returns?
                    Varies. Between £500 and £800 for the stop loss.

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