Jump to content

Indices


Recommended Posts

1 minute ago, dmedin said:

 

You tried it one way, lost money, tried it the other way, lost money - exactly what happens to me when I try to trade on short-term charts.

no not quite, both took off ok but turned around at the 'first trouble area' (remember that lesson?), so just bailed.

  • Thought provoking 1
Link to post
  • Replies 5.3k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Popular Posts

JESS ........TWO BARKS FOR BUY     ONE BARK FOR SELL   ???

That is the 50% retrace for  the Dow and S&P. 

It's the opposite, I don't think I'm cut out for day trading.  I still would have been better off keeping a position open from Christmas, even now.  I zoomed out to the day chart and the overall pictu

Posted Images

13 minutes ago, Caseynotes said:

no not quite, both took off ok but turned around at the 'first trouble area' (remember that lesson?), so just bailed.

remember that there are 2 pullback entries, the candle reversal pattern at the pullback fail and if you miss that the second is the breakout passed the prior high (for a long). The prior high is also the 'first trouble area' for the first entry type, if price can't make it past there you don't get the breakout traders joining in to push your earlier trade entry along, time to start doubting the whole move. 

  • Like 1
Link to post
3 hours ago, HPbrand said:

I know nothing about sophisticated trading instruments. I stick with what I know and works for me.

There's nothing sophisticated about buying a simple call.  Regarding options in general, people have turned them into something ridiculously complicated with various 'strategies' and all sorts of permutations and complications and other b*llocks.

Link to post
Just now, HPbrand said:

For us retail investors day trading, it only make sense to bet substantial (relative to each individual) and GTFO when we get the our own target. 

🤔

I don't see how anyone can day trade with small sums of money.  I simply see it as an alternative form of investment that is more interesting and potentially more reward than index tracking.  

Link to post

5 th Wave triangle my friends...choppy. rough and a turn signal,  DOW and DAX. 

For your further viewing pleasure the 'SELL' side of the market is the left button. 

Some of you not old enough to remember a bear market  may need to view slo mo replays of 1987 , 2000 and 2008.  Braces and fish tail haircuts like Kevin Keegan were obligatory.

See you at the bottom.  I m taking my dogs for a walk. 

  • Great! 1
Link to post
3 minutes ago, cheviot said:

5 th Wave triangle my friends...choppy. rough and a turn signal,  DOW and DAX. 

For your further viewing pleasure the 'SELL' side of the market is the left button. 

Some of you not old enough to remember a bear market  may need to view slo mo replays of 1987 , 2000 and 2008.  Braces and fish tail haircuts like Kevin Keegan were obligatory.

See you at the bottom.  I m taking my dogs for a walk. 

What level are you talking about when describing a bear market? Dow 20000 or lower?

 

If so, no chance.

  • Like 1
Link to post

People who live here and don't have their heads up their @rses (people who aren't Tories) have known it for a long time but Britain's economy really is in bad shape:

Quote

The plunge in profit, though in line with analyst expectations, showed Lloyds paying a toll for past misconduct while the rise in bad loans hinted at potential trouble ahead for Britain’s economy.

https://uk.reuters.com/article/uk-lloyds-results/lloyds-hit-by-bad-deeds-and-bad-debts-idUKKBN20E0QA

Edited by dmedin
  • Like 1
Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • General Statistics

    • Total Topics
      15,141
    • Total Posts
      73,172
    • Total Members
      61,487
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    Lollo
    Joined 08/05/21 06:40
  • Posts

    • Yes. IG does trade against retail traders. IG also has a lot of institutional traders. If your are trading low volume stock or Singapore CFD equities, the dealing desk will manually lock your order for a good 30 seconds so that you cannot delete nor change the order price level for the 30 seconds when they there is another bigger clients want to unload.  I have been locked this way as many ast 4 times in the past and cost over SG$10,000 loss. When I called IG, it said the dealing desk manually lock my orders with an excuse they are putting my order on hold so that they hedge it on the Exchange. In the first place I trade CFD and CFD is internal market within IG environment and our trade does not affect the market. It is highly irresponsible to lock our order. My complaints to IG for compensation via calls and emails all went without any positive response and the replies from them are as stated above. CFD market is internal market and our order should not be touched by dealing desk at all time even if there is no liquidity to fill our order then our order should just be left unfilled. At no time our order should never be locked by Dealing desk. To me this is day light robbery. Secondly, IG has deployed internal algorithm to hunt your hard stop losses and also filled in your limit order with a spike to the dot before immediately move in the opposite direction big time. Thirdly, some time IG platform will freeze and unable to re-login back when you are in a trade. This made it extremely dangerous when we cannot see the price action on the chart. This had happened to me a few times. Fourthly, nowadays even if your platform freeze or has other problem on your trade, call to their dealing desk during US market opens 100% of the time no support or dealing desk will pick your calls. My phone was kept ringing for 30mins or more and many different days. This is again does not speak well of the kind of support IG gave clients. The only attraction I use IG is the ease of use of their trading platform. These kind of  underhand tactics above are played out in IG on daily basis which made our day trading very difficult to win. It is very visible if your trade the small time frame how IG's manipulations are done.     The above comes from someone who trade daily with IG for the past 3 years. I am even considering to stop trading through IG because of the above under hand tactics. Sometimes     
    • Does IG aim to profit from client losses? No. Our business model is based on providing individuals with the opportunity to trade the world’s financial markets, in exchange for fair and proportionate transaction fees. It's a well-known fact that trading successfully is difficult, and most speculative traders tend to lose. However, we do not typically benefit from trading losses that an unsuccessful client may experience. Mostly, our clients offset each other’s positions. For example if client A buys one lot of the DAX and client B sells one lot of the DAX, both sides of the trade are covered. This means we're not exposed to the profit or loss of either client. Instead, we make our money via the spread (i.e. the transaction fee) that each client pays to trade. Sometimes, a large majority of clients will trade in one direction. When this happens, we'll protect our exposure to risk by hedging in the underlying market. For example, if client A and client B both buy the DAX, we may buy actual DAX futures. This then covers the amount we'll pay out if both clients are successful.
×
×
  • Create New...