Indices

[dmedin]

On 17/04/2020 at 17:12, Caseynotes said:

However if it goes on for too long then there will be nothing to come out of lockdown for.

There isn't that much to live for anyway.  Life was basically cr@p (for most of the world's population) before the lockdown.  We've missed a golden opportunity to transition to communism and create a new world order based on the protocols and the manifesto.

[Caseynotes]

50 minutes ago, dmedin said:

There isn't that much to live for anyway.  Life was basically cr@p (for most of the world's population) before the lockdown.  We've missed a golden opportunity to transition to communism and create a new world order based on the protocols and the manifesto.

what? this is exactly like communism and is exactly how half of Europe lived just 50 years ago.

• shops closed or empty.
• queues for everything.
• no wages.
• mass house arrests.
• no gatherings of more than 2 people.
• police routinely stopping people on the street.
• the state barking orders at you every day.

 

This is your Free Trial 🙂

[dmedin]

Great, I want more

[dmedin]

On 18/04/2020 at 09:17, Caseynotes said:

S&P weekly chart with the weekly pivot levels;

 

I'm still kicking myself for not holding my long position after the bottom.  What a massive r-e-t-a-r-d.

[bfoxy03]

Hi, 

I was wondering if anyone can help. I'm investing in stocks for the first time and have set aside a chunk of my savings that I'm not going to need any access to in the next 5 years. I'm going into it with a long term view and have identified a couple of FTSE100 companies that I'm going to invest in. I've analysed the previous bear markets and aftermath of and I'm trying to pick (like everyone else) the best place to invest my money. 

I was wondering do people promote the idea of investing in ETFs or would simply take preference on individual companies? And if there would be any recommendations on the ETF?

The one I'm thinking is the Vanguard FTSE 100 UCTIS ETF

[Caseynotes]

1 hour ago, dmedin said:

 

I'm still kicking myself for not holding my long position after the bottom.  What a massive r-e-t-a-r-d.

cudda, shudda, woodda, hindsight is such a useful tool 😉. 'buy and hold', the clue's in the title but not as easy as it sounds, I'm sure I read stats that said B&Hodlers often spend long periods under water.

[dmedin]

2 hours ago, Caseynotes said:

cudda, shudda, woodda, hindsight is such a useful tool 😉. 'buy and hold', the clue's in the title but not as easy as it sounds, I'm sure I read stats that said B&Hodlers often spend long periods under water.

Easier than losing shed loads of money every day

I was up £1500 one day, down to £60 the next, but it went back up again.  But ever since closing out for Easter it's just been a disaster for me.

[AndrewS]

On 19/04/2020 at 05:06, elle said:

Hi Andrew,

 

with a "tick" chart , time isn't relevant as clearly the amount of  ticks in any given time period can vary. I use different value tick charts for the general speed a financial instrument can move, so for instance, the Dow Jones can move much faster than the FTSE  & UK stocks are very slow compared to US ones

 

Hope it helps

Thank you for your reply.

[AndrewS]

1 hour ago, dmedin said:

Easier than losing shed loads of money every day

I was up £1500 one day, down to £60 the next, but it went back up again.  But ever since closing out for Easter it's just been a disaster for me.

I do not know if what I write is of interest or usefulness, but I like to see my name on the screen.

An alternative to “buy and hold” and “all in then all out” is a staggered entry and exit. You could have taken some profit when you were up 1,500 and then increased the position when it was on its low.

[Caseynotes]

FTSE and S&P daily charts.

Dax and Dow H1 charts;

[dmedin]

13 hours ago, AndrewS said:

I do not know if what I write is of interest or usefulness, but I like to see my name on the screen.

An alternative to “buy and hold” and “all in then all out” is a staggered entry and exit. You could have taken some profit when you were up 1,500 and then increased the position when it was on its low.

 

I agree.  That's the approach I'm interested in.  It doesn't just apply to 'buy and hold' either, it also applies to 'sell and hold' and adding to short positions on rallies.   Hence one can benefit from going in either direction (I suppose people who buy short ETFs are doing the same kind of thing)

[dmedin]

3 hours ago, Caseynotes said:

FTSE and S&P daily charts.

Dax and Dow H1 charts;

Looking ominous today

 

[Caseynotes]

Dax and Dow H1 charts;

[Caseynotes]

FXCM client data longs v shorts for the last month;

[dmedin]

Come on now, Peregrin Took.  Come to daddy and let me recoup all my losses again 😛

 

[Caseynotes]

Was held up at S1, may get more movement now.

[Caseynotes]

S&P overnight tried higher then fell back to find support which it found at the pivot so by rights should now look high again.

Daily chart;

[Caseynotes]

FTSE and S&P daily charts.

Dax and Dow H1 charts;

 

[AndrewS]

New minimum spreads for Germany 30 and Wall Street

Dear Mr. S.

You may have experienced wider spreads when trading indices recently – resulting from unprecedented market volatility. However, markets have since stabilised and allowed us to return to our minimum spreads.

All our index spreads are subject to change based on market conditions, and we’ve now adjusted the minimum spreads on two major indices:

•

Germany 30 now 1.2 points

•

Wall Street now 2.4 points

 

These new spreads are effective immediately.

 

We're here to help

If you have any questions about this or need assistance with your account, you can find answers in our help and support area or IG Community. Alternatively, our highly trained client services team is available by phone or email 24 hours a day, except from 7am to 1pm Saturdays (AEST).

Kind regards

IG

 

[Caseynotes]

6 minutes ago, AndrewS said:

New minimum spreads for Germany 30 and Wall Street

Dear Mr. S.

You may have experienced wider spreads when trading indices recently – resulting from unprecedented market volatility. However, markets have since stabilised and allowed us to return to our minimum spreads.

All our index spreads are subject to change based on market conditions, and we’ve now adjusted the minimum spreads on two major indices:

•

Germany 30 now 1.2 points

•

Wall Street now 2.4 points

 

These new spreads are effective immediately.

 

We're here to help

If you have any questions about this or need assistance with your account, you can find answers in our help and support area or IG Community. Alternatively, our highly trained client services team is available by phone or email 24 hours a day, except from 7am to 1pm Saturdays (AEST).

Kind regards

IG

 

yes, Dax currently at 2 points pre London open so expecting a drop to 1.2 on cash open.

[dmedin]

From a daily perspective the indices seem to be losing momentum and might be due for a big drop.

Enjoy losing all your money folks!

[Crush1884]

Is there merit in the suggestion that with the major equity indices rallying up to 15-20% of their previous highs that there isn't a strong belief that the economic outlook will last for a significant period? 

I understand that if investors have bought 'opportunities' a month ago and are willing to hold them then the mechanics of this bear market could be different but I really can't buy that. Potentially the greatest annual GDP drop in nearly a century and it appears that contagion is not being priced in at all just a short term drop in revenue and few bankruptcies.

Record GDP drops are being forecast but it appears the market sees that as a temporary response to lockdown. And there won't be any 'scarring' effects. In 2007-2013 we saw the inter-connectedness of markets and how one crisis sparked another which sparked another. This issues stemmed from over expansion of the property prices and issues with liquidity not falling revenues. The suggestion is that this is short term (which is definitely priced into the markets) but all I can see is genuine business revenues significantly dropping (like they haven't before), these business then not buying from other business, who then can't afford their loans, that then go bust, which means the banks don't get their money, which sparks a liquidity crisis alongside this genuine business recession/depression.

I don't want to be the grim reaper but I am flabbergasted at the markets at the moment. The notion of velocity of money is interesting when everything is going up. One persons purchase allows another persons purchase and so on and so on. But the reverse also applies and it feels like that isn't appreciated yet.

For me the equity market is the short of a life time. I am not a discretionary trader and therefore my trades will reflect market movement over ideas but the part of me that has read the history of finance knows that a big big hit is yet to come. 

Diary note - check this post in 3 years and see how foolish I sound!

[dmedin]

7 minutes ago, Crush1884 said:

Is there merit in the suggestion that with the major equity indices rallying up to 15-20% of their previous highs that there isn't a strong belief that the economic outlook will last for a significant period? 

No idea pal.

Unless you're putting money on the table it's all idle speculation and hot air.  (Also known as 'market analysis'.)

[Crush1884]

16 minutes ago, dmedin said:

No idea pal.

Unless you're putting money on the table it's all idle speculation and hot air.  (Also known as 'market analysis'.)

I'll stick some money on the table then, call it my depression trade  

[Caseynotes]

31 minutes ago, Crush1884 said:

I'll stick some money on the table then, call it my depression trade  

currently it's all a bet as to how long the lockdown will last and so then how many businesses will survive and can we return to normalcy sooner rather than latter.

[dmedin]

2 minutes ago, Caseynotes said:

currently it's all a bet as to how long the lockdown will last and so then how many businesses will survive and can we return to normalcy sooner rather than latter.

There's been one or two strong sell signals during this whole entire time, if you'd 'sold and held' you'd still be making money right now.  Arguably the bottom around 23rd - 24th could have been used as an excuse to go long (better - to cash in your short and wait for a bit), but even if you'd still held on to your short you'd be starting to make money again.

Intra-day trading on the other hand - enjoy losing f*ck loads of money.

Edited April 21, 2020 by dmedin

[Caseynotes]

Just now, dmedin said:

There's been one or two strong sell signals during this whole entire time, if you'd 'sold and held' you'd still be making money right now.  Arguably the bottom around 23rd - 24th could have been used as an excuse to go long (better - to cash in your short and wait for a bit), but even if you'd still held on to your short you'd be starting to make money again.

Intra-day trading on the other hand - enjoy losing f*ck loads of money.

you've become a big fan of the hindsight review, wasn't so long ago you despised people for such talk.

[dmedin]

19 minutes ago, Caseynotes said:

you've become a big fan of the hindsight review, wasn't so long ago you despised people for such talk.

I do despise them, because they aren't traders.  But I've realized that I can't trade, and I don't like it, so I might have to join them

[Caseynotes]

9 minutes ago, dmedin said:

I do despise them, because they aren't traders.  But I've realized that I can't trade, and I don't like it, so I might have to join them

Trading? When did you interrupt your gambling to give that a go? I never noticed 🤔

[dmedin]

14 minutes ago, Caseynotes said:

Trading? When did you interrupt your gambling to give that a go? I never noticed 🤔

B*llocks 👺