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Showing content with the highest reputation on 09/10/20 in all areas

  1. 2 points
    Cheer up Dmedin, it could get worse.. You could be shorting the Dow. Or voting for Trump. As for revenge trading, simply give it a miss, over trading same. Losing money is a fact when trading, just as making it is. Suicidal dispression? Never. Desperation? Methinks not. Believe in yourself, she'll be alright mate (as the kiwis say). Take a break and clear your mind. Walk or swim or just go somewhere conducive to relaxation. Give screens a miss, then come back, trust your instincts and rationale and knock some trades out of the park. Rage trading is bad for the body, soul and wallet. Don't forget to relax and take time for yourself.
  2. 1 point
    We all loose money and we don't go crying around like babies. Post your history from this week, that will be useful for some. Maybe they can learn from your mistakes.
  3. 1 point
    Suppose I could continue doing this even although we know that trading in live will be completely different (I get NOWHERE NEAR a 50% win rate in live lol!) Or we could just accept that we've lost two years of our life and learn something else? Or we could just go and walk in front of a fast-moving train? That sounds more tempting right now. 😘
  4. 1 point
    Don't fight the Fed, which should be amended to also include, don't mess with Robin Hood. Dow is again flirting with 28500 plus, despite the lack of the ever elusive stimulus, seriously high unemployment, whole sectors of the economy moribund or absent without leave (hospitality, air transport, entertainment such as movies, live events), plus Covid still has not had the temerity to exit stage left, as cases continue to rise. Not to mention the massive deficit and corporate debt, which they frankly don't seem to give two turds about. Equity traders ignore all of these details in favour of a rose tinted future where the only way for the Dow is up. And up. The market corrected in September, took stock for exactly a day and then headed for the heights again. Dow futures do not reflect the state of the US economy, they reflect a casino in full risk on mode. And Casino it is. Hence, shorting the Dow is expensive, as it is defying logic or common sense, there is so much liquidity and is, it seems the only game in town. Logically, the Dow should be sitting around the 25500-26500 mark, maximum. That price more fairly reflects the state of the economy. Apparently not though and equity is worth whatever the market will pay, such is the power of free/cheap money, market forces and an army of traders purchasing more and more equity, even if that equity will only yield a dividend of 1%. In many cases dividend will be negligible and it is the expected increase in value of the stock that will be the yield. All of which makes eminent sense, when not in a recession. However, the inconvenient truth that America is struggling economically, is nursing mass unemployment, has a health crisis and is barely moving is being willfully ignored. It's like the world has gone a bit mad, in this crazy 2020 year. All of this has made shorting the Dow an expensive business. Oil on the other hand has behaved in a consistent manner according to supply and demand. As has gasoline, which is a relief. Storm Delta has proved that nicely (supply shrunk as 3.4 million BPD were cut off from supply and prices adjusted accordingly). Not everything is as crazy as American equity, which is ironic as oil and gasoline traders are rarely the personification of probity or common sense. Crazy 2020. Totally crazy.
  5. 1 point
    In that case I would advise getting a real job
  6. 1 point
    Interesting, until western civilisation finds alternatives to American indices and the USD. Wont be long. Your are right to recommend buying and holding US equity indices for now. It is still horribly over valued and over bought (imo). But it is also the biggest game in town (the planet) atm. It is in full on casino mode. Risk on and on and on. And the Fed will underwrite it all.
  7. 1 point
    The whole of Western civilization hinges on the performance of the American stock indices. Believe me. The biggest drop in the history of EVAR lasted only a few weeks and has already been corrected. Buy and hold the U.S. indices.
  8. 1 point
    BP sure did have more Downside, maybe a double bottom now
  9. 1 point
  10. 1 point
    It rubs the lotion on its skin Or else it gets the hose again
  11. 1 point
  12. 1 point
    Hello, anyone aware of when the IAG rights issue will be allocated? Was expecting my new position yesterday... thank you!
  13. 1 point
    Is the vegan butty about to be resurrected from the dead, Aunt Jemima? 😘
  14. 1 point
    I'm not convinced about the 76% number. It seems far too low. How do they calculate it?
  15. 1 point
    i'm surprised at how good the results were. So the question is, why can't I make money in live trading? Opened Closed Direction Win Loss P/L Running P/L 1 01/04/2020 01/04/2020 Long 1 -150 -150 2 01/04/2020 01/04/2020 Short 1 124.5 -25.5 3 01/04/2020 01/04/2020 Short 1 -169.7 -195.2 4 01/04/2020 01/04/2020 Short 1 234.9 39.7 5 01/04/2020 01/04/2020 Long 1 -198.1 -158.4 6 01/04/2020 01/04/2020 Short 1 195.3 36.9 7 01/04/2020 02/04/2020 Long 1 -240.5 -203.6 8 02/04/2020 02/04/2020 Short 1 311.3 107.7 9 03/04/2020 03/04/2020 Short 1 214.5 322.2 10 03/04/2020 03/04/2020 Long 1 -160.8 161.4 11 03/04/2020 03/04/2020 Long 1 194.9 356.3 12 03/04/2020 03/04/2020 Short 1 -139.7 216.6 13 06/04/2020 06/04/2020 Long 1 281.1 497.7 14 06/04/2020 06/04/2020 Short 1 -118.4 379.3 15 06/04/2020 07/04/2020 Long 1 373.7 753 16 07/04/2020 07/04/2020 Long 1 296 1049 17 07/04/2020 07/04/2020 Short 1 -210.9 838.1 18 07/04/2020 07/04/2020 Short 1 488.3 1326.4 19 07/04/2020 08/04/2020 Short 1 -136.9 1189.5 20 08/04/2020 08/04/2020 Long 1 -251.6 937.9 21 08/04/2020 08/04/2020 Long 1 377.4 1315.3 22 08/04/2020 08/04/2020 Long 1 439 1754.3 23 09/04/2020 09/04/2020 Short 1 -216.8 1537.5 24 09/04/2020 09/04/2020 Long 1 -168 1369.5 25 09/04/2020 09/04/2020 Short 1 -306 1063.5 26 09/04/2020 12/04/2020 Short 1 393 1456.5 27 13/04/2020 13/04/2020 Short 1 -233.1 1223.4 28 13/04/2020 14/04/2020 Short 1 -317.1 906.3 29 14/04/2020 14/04/2020 Short 1 -119.2 787.1 30 14/04/2020 15/04/2020 Long 1 -314.4 472.7 31 15/04/2020 16/04/2020 Short 1 -192.4 280.3 32 16/04/2020 16/04/2020 Short 1 233.1 513.4 33 16/04/2020 16/04/2020 Short 1 -249.4 264 34 16/04/2020 16/04/2020 Long 1 330.6 594.6 35 17/04/2020 17/04/2020 Long 1 -211.4 383.2 36 17/04/2020 17/04/2020 Long 1 -176.1 207.1 37 17/04/2020 17/04/2020 Short 1 208.6 415.7 38 17/04/2020 17/04/2020 Short 1 -105.7 310 39 17/04/2020 17/04/2020 Long 1 287.3 597.3 40 20/04/2020 20/04/2020 Long 1 -159.9 437.4 41 20/04/2020 20/04/2020 Short 1 192.4 629.8 42 20/04/2020 20/04/2020 Long 1 211.4 841.2 43 20/04/2020 20/04/2020 Short 1 168 1009.2 44 20/04/2020 21/04/2020 Short 1 -138.2 871 45 21/04/2020 21/04/2020 Long 1 -233 638 46 21/04/2020 21/04/2020 Long 1 -159.9 478.1 47 21/04/2020 21/04/2020 Short 1 311.6 789.7 48 21/04/2020 21/04/2020 Short 1 -127.4 662.3 49 21/04/2020 22/04/2020 Long 1 314.3 976.6 50 22/04/2020 22/04/2020 Short 1 -146.3 830.3 51 22/04/2020 23/04/2020 Long 1 -138.2 692.1 52 23/04/2020 23/04/2020 Long 1 241.2 933.3 53 23/04/2020 23/04/2020 Short 1 280.7 1214 54 24/04/2020 24/04/2020 Long 1 173.6 1387.6 55 24/04/2020 24/04/2020 Long 1 -156.3 1231.3 56 24/04/2020 24/04/2020 Short 1 -208.7 1022.6 57 27/04/2020 27/04/2020 Long 1 327.9 1350.5 58 27/04/2020 27/04/2020 Short 1 -41.2 1309.3 59 28/04/2020 28/04/2020 Short 1 -90.3 1219 60 28/04/2020 29/04/2020 Short 1 -101.4 1117.6 61 29/04/2020 29/04/2020 Long 1 202.8 1320.4 62 29/04/2020 29/04/2020 Short 1 -118.8 1201.6 63 29/04/2020 29/04/2020 Short 1 -122 1079.6 64 30/04/2020 30/04/2020 Short 1 -74.5 1005.1 65 30/04/2020 30/04/2020 Long 1 -191.7 813.4 66 30/04/2020 30/04/2020 Short 1 270.9 1084.3 67 01/05/2020 01/05/2020 Short 1 193.2 1277.5 68 01/05/2020 01/05/2020 Short 1 139.4 1416.9 69 01/05/2020 01/05/2020 Short 1 -68.1 1348.8 70 01/05/2020 01/05/2020 Short 1 -101.4 1247.4 71 04/05/2020 04/05/2020 Long 1 186.9 1434.3 72 04/05/2020 04/05/2020 Short 1 -83.9 1350.4 73 04/05/2020 04/05/2020 Long 1 -118.8 1231.6 74 04/05/2020 04/05/2020 Long 1 171.1 1402.7 75 05/05/2020 05/05/2020 Long 1 93.1 1495.8 76 05/05/2020 05/05/2020 Long 1 -131.5 1364.3 77 05/05/2020 05/05/2020 Long 1 171.1 1535.4 78 06/05/2020 06/05/2020 Short 1 120.4 1655.8 79 06/05/2020 06/05/2020 Long 1 182.2 1838 80 06/05/2020 06/05/2020 Short 1 71.4 1909.4 81 06/05/2020 06/05/2020 Short 1 167.8 2077.2 82 06/05/2020 06/05/2020 Short 1 127.8 2205 83 07/05/2020 07/05/2020 Long 1 183.3 2388.3 84 07/05/2020 08/05/2020 Long 1 166.5 2554.8 85 08/05/2020 08/05/2020 Short 1 -77.2 2477.6 86 08/05/2020 11/05/2020 Long 1 246.3 2723.9 87 11/05/2020 11/05/2020 Short 1 134.7 2858.6 88 11/05/2020 11/05/2020 Short 1 -92.1 2766.5 89 11/05/2020 12/05/2020 Short 1 193.1 2959.6 90 12/05/2020 12/05/2020 Long 1 111.2 3070.8 91 12/05/2020 12/05/2020 Long 1 116.7 3187.5 92 12/05/2020 12/05/2020 Short 1 113.4 3300.9 93 13/05/2020 13/05/2020 Short 1 -129.1 3171.8 94 13/05/2020 13/05/2020 Long 1 -101.1 3070.7 95 13/05/2020 13/05/2020 Short 1 171.7 3242.4 96 13/05/2020 13/05/2020 Short 1 -140.7 3101.7 97 14/05/2020 14/05/2020 Long 1 -95.4 3006.3 98 14/05/2020 14/05/2020 Short 1 207.6 3213.9 99 15/05/2020 15/05/2020 Long 1 -108.9 3105 100 15/05/2020 15/05/2020 Short 1 -85.3 3019.7 0.48 0.52 3019.7
  16. 0 points
    You forgot to add a 6th option: 6) Looking for attention from other traders with sh*t posts
  17. 0 points
    This guys defines the power of compounding when setting up a risk model. I found it interesting. https://www.youtube.com/watch?v=9ZxeTUJVUQg
  18. 0 points
    Made a fair few mistakes this week, well there's always next
  19. 0 points
    Its always been a fact - I've always thought 95% is nearer the truth
  20. 0 points
    Well, I've wasted another week of my life not learning anything useful and losing money. This trading game certainly has no similarities to gambling and isn't at all harmful. Nope, not at all
  21. 0 points
    Only trade what you know not what you think you know - The direction is upwards regardless of the funymentals Markets defy logic and logical reasoning for 1 pure reason: Markets confirm to the movements that the cycle in play force it too I cannot tell you how much sense the markets make once you understand cycles and know when they are happening - The American markets are performing EXACTLY as expected If we rise into Feb 2012 expect another plunge, if we fall into Feb 2021 expect a rally - either way the market will be going up - BECAUSE it HAS to, the USA markets aren't doing what most people think they are doing
  22. 0 points
    "How The Fed Is Using Financial Engineering Alchemy And Leverage To Boost Stock Prices Without Buying Any" https://www.forbes.com/sites/vineerbhansali/2020/07/01/how-the-fed-is-using-financial-engineering-alchemy-and-leverage-to-boost-stock-prices-without-buying-any/#722964ac1e16
  23. 0 points
    is it possible to close ALL positions with one click? I have one one-click enabled but wondered if I can configure it to close any OPEN positions at the same time? Thanks
  24. 0 points
  25. 0 points
    US collages; 70,000 cases. 3 Hospitalisations. 0 Deaths.
  26. 0 points
    More on the 'Great Reset' "As Boris Johnson announces Britain’s ‘great reset’, were the Covid ‘conspiracy theorists’ right all along?" https://www.rt.com/op-ed/502795-boris-johnson-uk-great-reset/ Meanwhile Fauci (US) and ergo the UK remain determined to use the 40 cycle PCR Covid testing which guarantees a very high ratio of false positives (as explained by 2 epidemiologist professors in the recent video posted above). Match the false testing to the equally misleading Ferguson models and hey presto ... back to the scaremongering of coming deaths in the hundreds of thousands. The reason for all this is of course that the unnecessary, unneeded and long awaited corona vaccine has been delayed yet again, now expected mid 2021. Enjoy your lockdown.
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