Why on earth...

[nit2wynit]

I can't believe this debate still has so such cynicism and doubt.

What is so hard to understand? lol

A stock moves 20% or more in a day.  If you're lucky enough to pick the right one based on News or Earnings or FDA approval or Patent then you'll get a 100% spike or whatever it is.

Most of the time there will be a spike off the Bell, then a Sell off to Take Profit, then a return to half way on the day.

Of course it works.  How can there even be a doubt?

Expecting large moves on Amazon is less likely and ultimately requires a fecking massive stake to make a return.  Focusing on Penny Stocks means you can Buy More.  A $1 stock is more likely to go 100% than Tesla or Amazon!  However the moves potential is the same, relatively.  $1 moves 100% while a $1000 moves 1%.  Buy 1000@ $1, or buy 1@ $1000.  However, buying more stocks allows you to scale out if need be.  I shouldn't have to explain the validity of this ****.  It's basic trading.

My portfolio was up 50% last week.  It's now down to 4%.  I took out profit and re-invested to grow my portfolio.  If I took the profit on the high and got back in on the low, I'd make more.  Same on the 1-5min chart off the bell.  You get large moves in a short time and it comes back again.  Jeeeez.


You want a stock to watch?  Velocycs Plc.  but don't blame me if it tanks.

@DavyJones

I hear ya on Buying Shares directly, but unless you have Hotkeys, it's very difficult to get in and out in moments.  Also the fees and Tax attached.  The hook here is SB is Tax Free, so trying to make it work is my goal.  We're fortunate to have it here in the UK.  It's banned in many parts of the world.  We just need to adjust our strategy.  In for longer, take less profit thru the spread.  ask me how I'm doing in a years time.

 

[Caseynotes]

23 hours ago, nit2wynit said:

I can't believe this debate still has so such cynicism and doubt.

I think it was the constant reports of accounts being blown up.

[nit2wynit]

On 05/08/2020 at 10:41, Caseynotes said:

I think it was the constant reports of accounts being blown up.

I missed this reply.

I blew my account (quit at my max loss as I learned) because I DIDN'T follow the strategy.  It's too difficult to follow with Spreadbetting.  We don't have access to Low Cap Stock and when we do the spread is too great.

I've had more success since I moved to Share Dealing directly but just getting started.

[Caseynotes]

3 minutes ago, nit2wynit said:

I missed this reply.

I blew my account (quit at my max loss as I learned) because I DIDN'T follow the strategy.  It's too difficult to follow with Spreadbetting.  We don't have access to Low Cap Stock and when we do the spread is too great.

I've had more success since I moved to Share Dealing directly but just getting started.

ok, I did gather the large spreads on the small caps was causing a problem for the strategy.

[nit2wynit]

1 minute ago, Caseynotes said:

ok, I did gather the large spreads on the small caps was causing a problem for the strategy.

There's a common figure that goes around that it can/will take you about 18 months to figure out what is actually happening on screen and behind it.  I feel that I now have a greater understanding of the whole process and I'm ready to start again.

Despite our disagreements over the last 18 months, I thank you for your input and can understand the frustration you might have suffered as a result of my Noob journey.

[Caseynotes]

3 minutes ago, nit2wynit said:

There's a common figure that goes around that it can/will take you about 18 months to figure out what is actually happening on screen and behind it.  I feel that I now have a greater understanding of the whole process and I'm ready to start again.

Despite our disagreements over the last 18 months, I thank you for your input and can understand the frustration you might have suffered as a result of my Noob journey.

👍 yes you're right it can be a trial. Anyway best of luck.