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Showing content with the highest reputation on 20/08/21 in all areas

  1. Hi, I heard on the news that Sky was having technical problems and thats my ISP. Strange that it is ok when I use my VPN. Just checked whitout VPN and all is ok now, thanks for quick reply. thanks
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  2. I thought i summarize my experience so far day trading in case any newer folks are interested Day trading is much harder than swing trading and especially at those lower time frames. From 100+ day trades so far I am certainly no expert and I like being honest, I am on average losing but I learnt a lot. My thoughts so far are: 1. Forget 95% of youtube, it's full of turds just trying to market courses, **** out their channel. Same with forums, no matter what topic it is (fitness, languages), a lot of people lie their asses off and pretend they are experts but in fact know jackshit about it. Even the supposedly guru's are full of sh@t. For example the guy who wrote that best seller "Trading for a living", Dr Elder. He came up with his own "impulse system" and brags about it. It just MACD and Moving average, nothing more . Aslo on their own private forum (which I was on for $60 a month) the group consistently underperform the S&P and even their best Gold start traders barely out perform it. Everytime you asked a question you got told, "buy this extra course for $100's Its the same with Anton Kreil, $15k for a course? I have no idea if he is good or not but its seems to me that it's the easiest thing in the world to prove your validity. Publish your trading accounts, get them audited by an auditor, show tax statements, do live streaming etc If I was building a business as a trainer that's what I would do. 2. Having said that there is a lot of useful information that if you look at it objectively it can be great advice. Keep a word document and write down your own points. Ignore every cherry picked chart they show you (apart from the educational content), use your own, scroll back a 500/1000 bars and then start looking at the extreme right hand bar, moving forwards bar by bar and ask yourself "ok what will I do here", you will soon find out that even if you got the direction right, spreads, commissions, trend reversed too quickly, stops etc killed it . It will paint a very different picture than what youtube baseball-wearing-cap-on-backwards hipster is telling you. 3. Day trading is a job, not a hobby and a difficult one, you need to put in the hours, research, do your homework, keep a trade journal take notes and analyze what you have done etc 4. You are essentially trying to make cash like flipping a coin over the long run with one side weighted in your favour. 5. Forget working on hunches or "I think the stock price will go up / down" You are doomed to failure. A proper system is the only way 6. Risk Management is the most important concept by far in my view. The generally advice is never risk more that 1 - 2% on a trade. I personally think that is too much . I would keep it at 0.5% max until you work what you are doing. 8 losing trades in a row at 1-2% and it starts to hurt and self doubt really creeps in. 7. Demo always seems like a good idea but in reality it never worked for me. I put on trades forget about them, have no psychological connection to wins / losses. You need to use real money, even if it's just the bare minimum to see those losing ££ . I have put on 4 trades over last few days.All 4 were up 2 x Risk but because I am a total **** I didn't cash out and all hit stops resulting in 4 losses. It was only £80 between all 4 but the fact I got greedy (yet again!) annoys me 8. If your profitable with a year you're lucky. My aim is to just break even by christmas to see if I can sustain a modest living in this. I have income from other sources anyway. 9. The reality is that its a heck of a difficult job to make money day trading., Brokers like IG, and all the others make money by continual flow of clients coming in losing cash and eventually leave, hence the large marketing. I don't blame them, it's a business model, not a hippy self help group, but just be realistic. 10. Most news, ideas is **** and pointless. I worked in investment banking on the trading floor for 15+ years. Every Monday we had to come up with a trade idea for clients , Derivatives / inflation, bonds, 90% of them were sh@t, I know I wrote them, we just had to do something. It's the same with market news, broker webinars etc, trading channels / ideas etc, the staff are tasked to do something. More noise, more videos, more website hits, more trades = more commissions / sales. 11. Don't jump around from stock to stock, to FX, to crypto. I believe if you are not making money in two or three the problem is you, not the asset. They all have their own personalities, e.g. Coca cola barely moves, Tech stocks jittery as hell, respond to news, others hardly at all, so you need to spend sufficient time on see what influences what. 12. as above, don’t jump around with different trading strategies, 200 different indicators etc. You need to limit all the moving parts and focus 13. Best way I found to improve, (so far) , For every trade, I immediately write down why I entered the trade (note 5) , for example Long MA Strategy (a) Rising 200MA (b) Rising 20MA , (c) 20MA crosses over 200MA (d) price near 20MA seems like a winner on paper but I still kept getting stopped out. Then afterwards write down what happened, e.g. after the trade exit I put screen shots of 3 time frames (daily hourly / 15min) into a PowerPoint and detailed where I went wrong. Several things became clear such as - 2min charts was pointless, you would never make the spread back - The risk / reward (1:2) was to high, a 1:1.2 would have paid off > 50% of the time . - I was fannying around with stops, for no reason. etc - I'm putting on trades because I'm retarded, e.g. long trade, on a bearish trend in larger time frame The point being, you start to learn about your technique and they way you trade which no book can possibly know. Heck it's boring but I am starting to see patterns about the way I trade (= c@ck up). The best traders I saw in banks were the OCD ones. The wannabe Burberry wearing chavs all got pushed out or sent to Starbucks to pick up the coffee The million dollar question: can you make money? At this stage, I am still undecided. I think there is light at the end of the tunnel but its going to require work, a plan and mental commitment for sure. Anyway, long post but hope it's useful for some folks (apologies for the obscenities!)
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  3. Ok thank you I have emailed.
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  4. FTSE 100, FED TAPER, ECB, DELTA VARIANT, COMMODITIES, OIL – TALKING POINTS FTSE extends recent decline, falling in each of the last six sessions Continued declines in oil and other commodities dampened sentiment Fears over a 2021 taper from the Federal Reserve have caused equities to wobble of late The FTSE 100 Index slumped on Thursday, adding to what has been a tumultuous week for the index and European equities in general. Global equity indices have taken a breather of late, as slowing economic data and concerns over the Delta variant continue to dampen sentiment. Markets have also been forced to digest the possibility of a 2021 taper from the Federal Reserve, something that became apparent in Wednesday’s release of the FOMC minutes. Policy divergence between the Federal Reserve and the European Central Bank may bring about headwinds for risk-assets, a notion that has been echoed in markets over the last few weeks. Equity and commodities markets continue to wobble. Meanwhile the US Dollar hit a fresh 9-month high on Thursday. FTSE 100 INDEX DAILY CHART Chart provided by TradingView Mining and energy stocks dragged the flagship UK index lower on Thursday, as the rout in oil markets continues to unfold. The spread of the Delta variant is causing central banks and economists to reevaluate policy plans and outlooks. Most notably, the Reserve Bank of New Zealand delayed a forecasted 25 bps rate hike over a Covid outbreak in the country, highlighting the fluid nature of the situation. Central bankers have also gone on record saying the Delta variant poses serious threats to global economies for the rest of 2021, particularly job creation and retail spending. Significant changes in consumer behavior due to a resurgence in the virus may have the potential to derail central bank policy moves, a headwind that global markets are just beginning to appreciate. Without any respite, the fundamental outlook for UK and European equities remains bleak. Commodities, in particular oil, may continue to struggle as the Delta variant curbs economic activity. Continued pressure in the commodities sector may also weigh on the FTSE 100, with shares of BP, Antofagasta, and BHP falling sharply on Thursday. The combination of peak growth and weakening demand could potentially be the catalyst that makes equity markets roll over, with the move in European equities not fully being mirrored by their American counterparts. WTI CRUDE OIL DAILY CHART Chart created with TradingView With the Jackson Hole meeting of central bankers next week, market participants will follow closely for any guidance on the state of pandemic stimulus. While the Federal Reserve hinted at a possibility for a 2021 taper, European investors remain on edge, waiting for concrete guidance from the ECB. With headwinds abound, the FTSE may look to test the psychological 7000 level on any further weakness. Bulls should remain wary, and look for a close above the 50-day moving average for any confirmation of a reverse of the recent slide. Without any improvement to the fundamental outlook, bias in the FTSE 100 and other European indices should remain skewed to the downside. Resources for Forex Traders Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex. Written by Brendan Fagan, Intern. 20 August 2021. DailyFX
    1 point
  5. Hi @spencerfrater We have noticed an issue that is linked to a particular ISP. It is recommended that you connect via another source such as mobile data whilst our IT team investigates the issue. If that's not the case please reach out to us at helpdesk.uk@ig.com Regards MongiIG
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  6. Hi @Robhalo We have noticed an issue that is linked to a particular ISP. It is recommended that you connect via another source such as mobile data whilst our IT team investigates the issue. If that's not the case please reach out to us at helpdesk.uk@ig.com Regards MongiIG
    1 point
  7. Hi @amilio, The margin requirements for Robinhood is 25% , as the price level change the margin requirement change accordingly to keep your position open but the requirements stay the same. Could you please send you account details and deal details to helpdesk.uk@ig.com. The helpdesk will be able to investigate and come back to your with a clear answer. All the best - Arvin
    1 point
  8. Hi @fpalba, Unfortunately this limit can't be changed. All the best - Arvin
    1 point
  9. Arvind THanks appreciate it
    1 point
  10. Why is there so much irrelevant tweets on the IG platform? Surely we are only interested in market and company news(minus the opinions). We all have access to the internet and can find our own topics of interests when we want. The tweets that comprise of someone's opinion or someone trying to push their own investments(wishful thinking) or some article about a baby who drives a motorbike at the age of 3 are completely distracting, useless and annoying! Am I the only one who thinks that there is just too much noise to filter out? I usually hide the tweets but think that it should really be more useful than it currently is.
    1 point
  11. @ZacharyLuceroA1 ''I am curious about the treatment medications. Yesterday I googled ivermectin and all I received was a bunch of news saying how dangerous it could be and it's ineffectiveness...but I was thinking yeah? What about the Vaccines pushed on the population. Ivermectin = fda approved...'' @RWMaloneMD Replying to @ZacharyLuceroA1 ''Did you know that Google has a big stake in Moderna? What you have just demonstrated is how big tech is manipulating information access and spreading propaganda.'' Below is a good simple explanation of what is happening re; the variants, right now. (He mentions Geert van Borsch's (sp?) warning which I posted in the renamed 'covid and the economy' thread nearly a year ago.) 2 and a half min. ''The vaccines are a threat to us all.''
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  12. The variants have changed everything. The vaccine efficacy stats for covid 'original' no longer apply.New stats on Pfizer 39% efficacy against delta. https://t.co/DLcxSadrjsSee section 3a of the EUA (emergency use) guidance for COVID vaccines. ''Must be at or above 50% efficacy.''Emergency Use Authorization for Vaccines to Prevent COVID-19; Guidance for Industry (fda.gov)
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  13. Dax and Dow;
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  14. The New York Times @nytimes 14h 'Plastic anti-Covid barriers now common in public places have little effect on the virus, and in some cases could help it spread, research suggests.' We already knew that but it's amazing the nonsense you can get away with once people have been thoroughly terrorised. Meanwhile internment camps are being built in the UK (video posted previously) and in the US while in Australia and NZ people are being dragged out of their homes. CDC announces covid internment camps for every US city (speakingaboutnews.com) At this point it's important to hold fast and keep our eyes on the prize, the entrapment and total subjugation of serfs.
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  15. Important interview with Dr and research scientist Tess Lawrie who discusses her research into Ivermectin studies and finds Ivermectin to be a highly effective treatment and prophylaxis against covid and the variants. Also talks of the experience of many scientists being deplatformed and getting negative reviews of their work by the drug companies and the complicit main steam media and social media. The media are ignoring news that favours ivermectin and only promoting negative news, even a recent fake study written by a journalist posing as a scientist. Talks about her research of the literature of the mRNA vaccines and questions how, once injected into cells, can they be turned off from continually producing the toxic spike proteins, even after the immune system has recognised them, nobody seems to know. (20 min)
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  16. New Israeli data suggests the vaccinated not only more at risk of infection but also more at risk of 'severe disease' than the unvaxed. So the original data regarding the vaccines is out of date as the variants (currently delta) become the dominant strains, delta often making up over 80% of new cases.
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  17. It would appear the vaccines are not quite what they were touted to be...according to Isrealnationalnews.com, "among seriously ill patients 35% are not vaccinated, 61% are an 3% have received one dose of the Pfizer vaccine. The number of seriously ill patients declined Wednesday to 139 from 140 a day earlier, while the number of fully vaccinated patients in serious condition inched upwards from 240 to 243. The number of partially vaccinated patients held steady at 10". Pfizer not that effective then against Delta variant....
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  18. ''It is only by modelling the data that ONS have been able to claim vaccines reduce infections in their latest paper. The raw data shows 87% of Delta infections were in the vaccinated - about the same proportion as the population who were vaccinated i.e. there was no effect''. Dr Clare Craig @ClareCraigPath 24s Michael Mina @michaelmina_lab (Epidemiologist, Immunologist, Physician, Harvard Public Health/Medical School.) ''US cases are reaching all-time highs Hospitalizations increasing fast Transmission continues in vaccinated, making vaccine “passports” non-sensical. This was foreseeable. Rapid tests allow us to see this virus in real-time & curb transmission.'' .
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  19. Nobel Peace prize winner, Prof. Luc Montaignier: "...it is the vaccination that is creating the variants." Vaccine ADE is causing the production of super variants such as delta in the vaccinated. https://video.twimg.com/ext_tw_video/1409947331718385668/pu/vid/1264x720/WfhPOY8QW3By7z7m.mp4?tag=12
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