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2 minutes ago, dmedin said:

Oh I didn't think he meant that :(

It's just that the SB approach is different from the method Americans use, where they are actually dealing in leveraged shares rather than derivatives.  (That can be enormously risky)

Exactly!  Thanks for stepping in.  There's a bit of a 'I'll tell you what you meant, not understand what you meant' mentality going on here.

So fecking defensive.

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9 minutes ago, nit2wynit said:

Oh and @Caseynotes the £170 pp was the Demo... Guess you missed that detail in your quest to be Forum Champion!

oh ok, how much was it on the live account that was making you throw up, just curious.

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12 minutes ago, Caseynotes said:

oh ok, how much was it on the live account that was making you throw up, just curious.

I went live again about a month ago with £2k.  I noticed to the right of the screen that Uber was in trouble.  I brought up the chart to see it plummeting.  My ticket remembered my stop from the previous trade.  I got in as it was dropping;  FOMO, but hadn't adjusted my stop.  (if i had adjusted it I'd have made back my entire losses since March) I immediately lost £56 in a second.  It made me gag.  It made me gag because I did what I know what Not to do.  Then for the rest of the day I lost a total of £220.  I lost 1/8th of my account in one day chasing a Leprechaun.  

I haven't Blew my account.  I've got 10k for this if i could prove my wins with 2k.  I haven't, so I've pulled back with 1k left of my limit.  My total Learning costs were £2400 as this is what it was going to cost for me to join Warrior Trading.

You have no answers because you've asked zero questions.  If you assume everything by your own knowledge you'll never know anything more.  You need to ask more questions if you want to become enlightened.  Becoming enlightened takes time as one must digest information.  Learning is a process of time not knowledge.

However, as courteous as I am being, your sarcasm and amazing wit is still shining thru.

I have not lost more than £40 on any single trade, other than Uber.


 

Edited by nit2wynit

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25 minutes ago, nit2wynit said:

I went live again about a month ago with £2k

no, I was referring to your first live account, it's the constantly revised history I find difficult to follow.

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10 minutes ago, Caseynotes said:

no, I was referring to your first live account, it's the constantly revised history I find difficult to follow.


You're stuggling with info?  ask specific questions.

Started with 1400, lost 400.

stated with 2k lost 1k  

= -£1400 over 6 months.  Half of this amount was lost in 4 days not consecutive.

Tell me, does this info help you help me Day Trade Small Cap Breakouts with IG?


 

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@nit2wynit,

I used to day trade AIM listed companies many years ago based on RNS’s being released in the morning. If it was a positive RNS that showed revenue increasing or revenue enhancing information then I would buy otherwise I would not. These were micro and nano companies.

You could try on a demo account to see if you can create a trading strategy for small caps using a similar methodology. The key for me was to exit on the same day as these shares were notorious for pump and dump so could not be greedy and just be happy with one days returns. 

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45 minutes ago, nit2wynit said:

Tell me, does this info help you help me Day Trade Small Cap Breakouts with IG?

right yes, and welcome back by the way, it seems like only yesterday we said goodbye. I think we did talk about the DMA platform a while back but did you ever give it a try? It's only for cfd accounts but it does give you direct access to the market and you can see the level 2 depth of market data so you can see available liquidity in advance rather wait for the platform to respond, it's easy to move account balance across (I think you need £1000 in the cfd account) but costs nothing to download, I think the LSE exchange data feed is about £8/month but check, and you could see how it operates for a couple of weeks. I you didn't like it you could just move the money back.

https://www.ig.com/uk/l2-trading-platform

 

Edited by Caseynotes
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@nit2wynit,

I am not the greatest trader and I accept that. I also accept there are many better traders than me who make far more profits than me. It is unlikely they will be using IG’s platform to trade. They will have an account with Goldman Sachs and the like which requires a bond of a couple of million pounds and it is those traders you want to follow and look for guidance. 

You will only find words and charts on IG Community and then more words but after the price has reacted which we can all see. I include myself in that. What you are looking for is someone to tell you how to trade but the problem you have got is that you have picked an asset which is small caps and decided to day trade and you seem to be rigid in this position. Trading requires flexibility and adaptability. Trade assets which are strongly trending. What if small caps are not strongly trending? Then what is your strategy as you want to day trade so you will become trigger happy which you want to avoid. Be patient and wait for the best opportunities and trade those. 

 

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5 minutes ago, Caseynotes said:

right yes, and welcome back by the way, it seems like only yesterday we said goodbye.

Casey Casey Casey, my Dear Dear friend.

If you read my post back again and take note, you'll see I said I'm Leaving the Platform!  Not the Forum.

Yes we did briefly touch upon DMA L2 and MT4, but moving to CFD from SB has it's downside; Tax etc.

However, it's clear I need to change what I'm doing, or more specifically, the Platform or tools to Day Trade Small Cap Breakouts.

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2 minutes ago, TrendFollower said:

I am not the greatest trader and I accept that.

If you're in profit then you a better trader than I.  

You're right, I am Rigid on Day Trading, in the same way you are Rigid you are not!

AIM is limited on Spread betting.  I can't get access because of Spread or Un-availability.

This is my plight.  We're all repeating ourselves for the Likes I think.  I'm not here for Forum ticks.

I just want to know how to Day Trade Small Cap Breakouts (Or larger is I can afford them) using IG.

The other 6 months of 'Advice' hasn't helped me achieve this.

I don't need to know how to trade them.  I know how to trade them.  I even know how to trade the FTSE, but knowledge isn't the same as Action.  I've quit before I reach my absolute limit.



So If i can outline it here for hopefully the very last time.......................

How can I Day Trade ANY Cap Breakouts with IG and 1k?


Answers in depth below if you can advise.  Please, spell it out.

Thanks

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4 minutes ago, nit2wynit said:

However, it's clear I need to change what I'm doing, or more specifically, the Platform or tools to Day Trade Small Cap Breakouts.

That is the point, it's a different tool, you're not going through IG, you can see in advance if there is liquidity on the buy and sell side or not, and you are better off paying tax on profits than not paying tax on er no profits.

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Just now, Caseynotes said:

and you are better off paying tax on profits than not paying tax on er no profits.

I suppose so.............


So, if we can start....Again.


How do I Transition?  Where do I start?  Does IG offer all above?

Thanks.

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I was under the impression you have to qualify as a 'professional' client to get access to CFDs, and the requirement to be a 'professional' is insider knowledge and/or £500,000 balance.  And you can end up being in debt if it goes disastrously wrong.

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27 minutes ago, nit2wynit said:

How do I Transition?  Where do I start?  Does IG offer all above?

yes IG does it all, and you can use it for cfd or non leveraged share trading, have a look at the dma user manual pdf , check which exchange you want a feed from, see this page and the link to the shares dma page from there. If you don't like it it will have only cost you £8.

https://www.ig.com/uk/l2-trading-platform

there might be some youtube vids on it too, will need to search.

nb/ the professional requirement is only for forex trading.

 

Edited by Caseynotes
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1 hour ago, nit2wynit said:

How do I Transition?  Where do I start?  Does IG offer all above?

 

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11 minutes ago, Caseynotes said:

 

**** me it's complicated.  6 months down the line and this is the **** I should have been learning.

However, with this said, If i can find a reasonable price range that IG deal in that doesn't exclude the vast majority of shares on offer, I may still be able to do this with higher priced stock.

Case in point.  as the US opened..

Abeona Thera....
Emergent Bio....
Fastly.....
Conn's Inc....

All have potential to go again.

 

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My point with the above post and the Instruments is that those small few were the only one's i could trade on the US!  I went thru the A-Z to find anything that was on the move.  This is all i could trade!!

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On 13/01/2019 at 16:18, TheGuru12 said:

It took me a while to become ultimately profitable.

O please do tell your plan sir.

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4 hours ago, TrendFollower said:

@nit2wynit,

I am not the greatest trader and I accept that. I also accept there are many better traders than me who make far more profits than me. It is unlikely they will be using IG’s platform to trade. They will have an account with Goldman Sachs and the like which requires a bond of a couple of million pounds and it is those traders you want to follow and look for guidance. 

You will only find words and charts on IG Community and then more words but after the price has reacted which we can all see. I include myself in that. What you are looking for is someone to tell you how to trade but the problem you have got is that you have picked an asset which is small caps and decided to day trade and you seem to be rigid in this position. Trading requires flexibility and adaptability. Trade assets which are strongly trending. What if small caps are not strongly trending? Then what is your strategy as you want to day trade so you will become trigger happy which you want to avoid. Be patient and wait for the best opportunities and trade those. 

 

Loving the infor here. Can you give me some of your picks in Trading assets please?. I trade on the currencies and indices and gold.

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18 hours ago, nit2wynit said:

**** me it's complicated.  6 months down the line and this is the **** I should have been learning.

It's not really ... flip a coin, heads long, tails short ... same odds of being right as using all the TA in the world :D

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2 hours ago, dmedin said:

flip a coin, heads long, tails short

hahha :D

Did you manage to check out any of the Shares I posted yesterday?  Abeona Therapeutics specifically?  Great money to be made on that one.  I pulled £500 on the Demo with a 2k account.  Risking only £50.

Edited by nit2wynit
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3 hours ago, nit2wynit said:

hahha :D

Did you manage to check out any of the Shares I posted yesterday?  Abeona Therapeutics specifically?  Great money to be made on that one.  I pulled £500 on the Demo with a 2k account.  Risking only £50.

 

I've seen the demo account provide factually incorrect information - on Boeing - not sure if the FCA regulates this stuff but if it doesn't it should ... doubt it's top of their agenda now though, as we are just pond life to the City swindlers!

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32 minutes ago, dmedin said:

I've seen the demo account provide factually incorrect information

what do you mean as I'm currently taking a closer look at the Demo and the chart patterns.

However, on another note, tell me you took at look at my suggestions yesterday.  3 of them were winners for sure.

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Demo platform shows an enormous hanging man in July:

1800002174_BoeingCo(AllSessions)_20190904_16_28.thumb.png.4471d8787caf3023eb5df756a13acb13.png

 

Live platform:

1313009046_BoeingCo(AllSessions)_20190904_16.28(1).thumb.png.37c605f09dd730029460237a9f953902.png

 

 

How can anyone justify trading the demo platform when it produces discrepancies of this magnitude?

If anyone replies saying 'Data is indicative' as if that is some kind of excuse for fraudulent practices :D

 

Edited by dmedin

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45 minutes ago, dmedin said:

How can anyone justify trading the demo platform when it produces discrepancies of this magnitude?

If anyone replies saying 'Data is indicative' as if that is some kind of excuse for fraudulent practices

Well.....there certainly is something up as i have seen this too....But the difference was between the Live chart on my Tablet and the Live chart on work PC.  The candles were different at specific points on the same Instrument, and Timeframe.  This made me realise that it was almost impossible for me to place tight stops and take small point moves, if the difference was so obvious that my trades could be failing before they've even begun.

I'm still querying with IG why the Retail Platform is so laggy my end.  They say I am literally the only person to mention it and to back this up, I've had no-one confirm it when i put the question to the forum.  So up to now it IS only me.

Today on the demo:

PL showing different on top right than what is showing on the chart.  Only one trade running.
Placed a trade but the Ticket detail didn't appear on the chart even after a refreshed, but did appear when I changed the Timeframe.  this has happened before on the Live chart and i missed profit because i wasn't able to quickly close the trade.  By the time i figured out i needed to open the Positions panel i had already lost it.

Trades couldn't Close when I click the Close button on the chart.  There was a spinning cog as if it was loading.  Even after refreshing it was still spinning, but in my positions it was gone.

I've had these same problems on the Live charts too, so it's not just the demo.  This is why I'm looking for another platform to try.  In the meantime I'm just looking for US breakout patterns and having a 'Punt'.

I'm starting to really think that although not admitted officially, Day Trading and Scalping is not supported and actively sabotaged.

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@nit2wynit Yeah the spreads are not tight enough to make this kind of trading possible.

I think that this kind of trading is only possible for professional clients, the downside is that you can end up losing more than you deposit into your account and owing enormous debts to IG.

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@dmedin & @nit2wynit,  fake spikes do unfortunately turn up on demo platforms occasionally, obviously not fraudulent as no money is involved, spreads for professional clients are the same if not worse than for retail because of larger size of deals, are you sure it's not the market that's laggy rather than the platform, it's certainly not on liquid markets or 10s of thousands would be complaining rather than just 1, a spinning cog is usually either a connection problem or there just is no market at that time, tablets and mobiles are prone to connection drop outs that cause gaps in the charts and distorted candles until a restart fills in the back data, and what is 'refresh' the chart, I've never needed to do that or even know how?  

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@Caseynotes I see the potential for it to be highly misleading, as some people might make live bets based on outcomes on the demo platform (might be a remote possibility).  Why the two platforms can't share an identical data feed is beyond my understanding.

Edited by dmedin

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2 hours ago, Caseynotes said:

are you sure it's not the market that's laggy rather than the platform

Casey, do you actually, or have you ever actually used the retail platform?

It's the worst of all other UK platforms I've used.  I have no connection issues anywhere at all anytime.  I'm online all day either watching Youtube videos or on a night I might be online gaming or streaming video on Netflix.  I've a solid connection to the internet and can confirm no other issues using other platforms.  When I say 'Lagging' I mean the chart doesn't move fluidly while dragging, however, most of the time the 'Volume' candles are missing from the last 10 minutes or so.  I must Refresh the entire page (Chrome-Reload Page) and the chart will update.  I can mouse click to move the chart but nothing happens; it's jumping all over lagging behind my mouse.   As for Mobiles and Tablets suffering dropout, well, it's was my PC that was behind the tablet and it's connected by ethernet directly to router.  
I'm not saying it's the platform, but it's pointing to it right now and it's been like this for me since day1.   That's why I've contacted IG to see if we can find the cause.

As for being the only one to report this issue, well, if you go back far enough you can see others commenting on it back when the New platform went Live  2015 I think.  So far as i can see most of you guys don't use Retail platform, so no wonder it's not on your radar.

If you can confirm it's fluidity and is On Par with your MT4 charts then I'll need to investigate further.  It's very possible a specific issue to me.

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    • Hi all, been up and running and watching from the side lines. Thanks for putting the list up early as I made my own list from the gap scanner from ideas but you seemed to have more plus alot of the tickers I could not trade on IG but jumped on TG Therapeutics at 973 and took some money from that. Then jumped back in at 1059 and she plummeted and my heart just sank. I managed to ride it back up to 1053 and got out with a small profit of £20. Should have put my stop in but am still learning to get out quick . I was so lucky it went back up. Thought I was going to be on a bad loss because I didn't get out early enough. I find that if you only gain a small amount each day its better that going hard at it and loosing.  Still got loads to learn. Anyway cant wait till monday.  Great content and look forward to next week. Have a great weekend.
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