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Showing content with the highest reputation since 28/08/21 in Posts

  1. I’ve just started using the IG platform and am having fun with it, after a week or so of playing with it. I’ve opened two accounts and have just opened ten positions. I’d thought as a COMPLETE newbie, I’d share my experiences here in “real time”, which will hopefully be amusing/informative for some of you. I welcome comments, but no flames, please! Background: I inherited some money a couple of years ago and stuck it all in a savings account. Fed up with the paltry interest rate, I decided to take a proportion of it and invest it in shares. I set a conservative goal, which is to make 6% return in 12 months through a mixture of 50% investments and active 50% active trading. On the latter, I’m prepared to risk 20%, hope to double (i.e., 5:1). At the end of the 12 months, I’ll look at my two accounts’ performance and if necessary, revise my goals. I have ten years’ experience working full-time in hedge fund risk, but very little of their trading strategies is relevant to me – I don’t neither the money nor the experience required to do anything like that. The main indicators I look at are MA, volatility and volume. Volatility also dictates my stops (so I can ride the troughs). The limits are all set to 5 times the stop. Here are the rules I set myself before starting: Steer clear of low volume stocks. No shorting (or equivalent). Only trade stocks where I believe I understand the underlying market sector and think that it’s a growing one. Try to trade more than one stock in a sector, or trade ETFs. Turn every ****-up into a lesson. Don’t get all “Rorschach” when looking at charts. Listen to everyone and listen to no-one. Trade no more than 1 hour a day. Research no less than one hour a day. Dampen the natural volatility in my mood fluctuations (less elation, less depression. – almost the definition of hedging) Day 0: I picked some stocks out of a hat (well, almost: Two of them were tips from Motley Fool, two were "pet" companies I believe in, which have been growing for years, and the rest were tech stocks involved in areas that I believe will have a growing demand in the coming year. Day 1: A good day, I was .05% up in both accounts! Multiply by 250 days in the fiscal year, (I’m not compounding) that’s 12.5 %! Cool! Lesson learned: None. Day2: A bad day, I did the last of my weekly spread bets (which had a big spread), so I’m now a few hundred pounds down. The Dow is down, everything is down. Lessons I need to learn: 1. Patience. Re-Read what I wrote down when I opened the position – the time frame for exit was months, not days or hours. 2. Don’t watch the weather, study the climate (I live in the UK, where weather-watching is a National trait). 3. Don’t buy at the market.
    5 points
  2. Hi, you've got a number of issues going on there; 1/ variable spread. 2/ exotic pair. 3/ time of trade. The variable spread system gives tighter spreads in normal market conditions but widen if volatility creeps into the market. Solution is to watch the spread and keep away from volatile times, keep an eye on the number between the buy/sell price. Spreads are always wider on the less traded pairs so always need to take that into consideration, maybe the EUR or US NOK pairing has less spread? Outside EU, UK, US normal trading hours causes a jump in spread as the normal liquidity providers have closed so brokers need to look further afield to find prices and so the spread is also inevitably going to be higher during those times.
    3 points
  3. i just found a path to delete an old list as you were replying ! ta. . yet one of my old lists won't show a delete option - must have been created by IG. no probs. Thanks.
    2 points
  4. Thanks Casey, that is a tremendous help. I found this on the settings page you talked about: "Automatic rollovers are enabled by default on open positions on futures contracts." So I'm all set for the gains to keep rolling 😁 Thanks again!
    2 points
  5. Hi, you need to look at the info ( i ) dropdown tag on the deal ticket for expiratory dates and times when the position is closed and any profit or loss realised. A new same position will automatically reset if you have clicked the auto rollover tab in your Settings page in your My IG. There used to be a discount for having the auto ticked but don't think there is anymore.
    2 points
  6. Many thanks Arvin. I'm new to IG, but was surprised not to see this feature as I'm used to downloading my position statements from other trading platforms as a simple click to export (csv/excel/pdf) every month end. I don't know how other people manage this at present. Nathan
    2 points
  7. Propaganda at its best. I fail to see the point of posting your garbage. Have you lost that much trading with IG that you are committed to fill their forums with rubbish? That would make sense to me. https://www.gob.pe/coronavirus They are not only testing and forcing everyone to have a PCR test in order to enter the country. They are a leading country in South America in terms of Covid vaccinations. It is Perú by the way, you can't patronise people in English if you make grammar mistakes in other languages, my dear.
    2 points
  8. Hi, see this page. How to Trade Stocks After Hours | IG UK
    2 points
  9. Interesting blog on Dax and the upcoming September changes. By Chris Weston (ex IG) Dear Trader, The GER30 - trading the biggest shakeup to the DAX since 1988 The German DAX (GE30 on MT4/5) has for long periods been seen as one of the great instruments for index traders, often getting the lion’s share of any of the European and global indices from retail traders. However, in recent times we’ve seen the 10-day realised volatility fall to 5% and the lowest levels since May 2019, while 30-day volatility (now 7.11%) resides at the lowest reading since 2017. These measures of index volatility and movement also show that volatility in the German DAX is indeed lower than any other major equity index. In a world where traders are looking for movement, as well as compelling expected returns, the DAX has become relatively sanguine and equity index trader capital have flocked towards the US500, US30 and into Asia, notably the HK50. Although, volatility in these markets is considered far from lively. (DAX 30 daily chart) We can look forward, where options pricing shows implied measures of volatility not far off multi-year lows – however, one questions if this volatility is priced incorrectly and with some big event risk on the horizon, it’s not hard to envisage a world where this dynamic changes, volatility rises and the GER30 becomes one of the most traded equity indices in our universe of index products by retail traders. Catalysts to make the GER30 fire up again The list of volatility catalysts are building, and whether the traders flow is aimed at longs, or shorts is yet to be seen, but we see a highlight symbolic election on 26 September that could get protracted and messy. The ECB is moving closer to a world where they slow the pace of asset purchases (under its PEPP program). Perhaps most importantly there are major changes in the composition of the DAX that may change both the volatility in the index, but also the attraction of the index and the underlying constituents for foreign investors. The main change is that 10 new companies will be entering the index on 20 September – effectively making it the DAX 40. Along with other measures, these additions constitute the biggest change in the equity index since its inception in 1988. Incoming corporates include Airbus, Siemens Healthineers, Porsche, Puma, Zalando, Symrise, Sartorius, Hellofresh, Brenntag and Qiagen. Airbus is the biggest inclusion with a market cap of E89.9b, with Siemens Healthineers the next, with a market cap of E66B. By way of index composition – adding 10 new stocks reduces the concentration risk we see from having 30 stocks and by increasing the market cap by over E350b, the added diversification, in theory, lowers the variance. However, the additions challenge the way investors look at the German DAX – consider that 40% of the index constituents pay an expected dividend yield of over 3% and that can be influential on the broader index as the DAX is quoted as a total return index – that is, the price you trade reflects both the move in the price of the underlying stocks but also the dividend returns. By diluting the weighing of some of the higher dividend-paying stocks and increasing the weighting towards growth we may see the index command a higher P/E multiple, and have a higher beta to other markets, with increased volatility. It may even make international investors look twice at the index and re-establish the German DAX as a front-of-mind instrument for traders once again. The GER30 as a play on global growth We can see the index will maintain a strong weight towards international cyclical stocks with a skew towards chemicals, industrials, and technology. Over 75% of GER30 (soon the be GER40) corporates derive sales from outside of Germany, and one could argue the new additions increase the global international exposure, notably towards Europe and China. After the inclusion, the GER30 index becomes even more sensitive to world traders than the S&P500, FTSE100 and other major EU bourses and holds the highest beta of equity returns to world trade – this means if we do see global growth being called into question on a more sustained basis, which I’d argue is playing out now, the DAX may well underperform and attract greater short-selling interest. It all suggests a livelier environment in the months ahead, and with our reduced spreads on the GER30 and industry-leading top of book liquidity, put the GER30 on the radar for increased movement – because movement results in opportunity for traders. GER30 Strategy sessions One strategy I’ve been looking at on the DAX is a short-term mean reversion model – I have optimised the settings to give the best results – and while over fitting is an issue the sample size is solid. Here, I wanted to buy DAX futures (what our GER30 is priced off) when the 2-day RSI is < 10 AND the index was above its medium-term moving average (the system suggests 81 days is best). I wanted price to rebound into the 9-day EMA as a profit target. The results are since 2000 I would have placed 122 trades, with a 78%-win ratio. The average win/loss are balanced, so the returns are strong and beat a buy and hold strategy before costs. The settings can be changed on shorts, where a 10-day EMA seems to work bests as a profit target. Past performance obviously doesn’t guarantee future results and automated strategies incorporate many assumptions.
    2 points
  10. Thanks all, I found the reason: I had an older version of Windows Powershell installed. I updated to the latest version, re-installed the autochartist plugin and now it appears in the EA list in Metatrader. I thought I was clutching at straws updating my Powershell version, but it fixed the problem. Hopefully this helps others too. Cheers Shannon508
    2 points
  11. A couple of things I could add: If you are learning don't go with 18 units per point like you showed us on that picture. Try the minium size bet and grasp your knowledge as you go. To prove that you can trade well you don't need a big size. Day trading is the best way to blow your account. If you are not ready to hold your position overnight think again why you entered on that trade in the first place. There are very few traders that can make day trading , and all of them made it after losing way too many times.
    2 points
  12. Thank you for sharing, it is an eye opener. I also live in the UK and start trading this year. regards, Nancy
    2 points
  13. HI J and J exellent ideas . I thought the whole idea of trading was to make money . How do u make money when u trade for one hour only . Fasinating .Good luck Trading and all the best. Regretfully i cannot make money trading for one hour
    2 points
  14. Yeah I guess they're potentially experts in investment products suitable for position/long term stock market growth but the markets themselves I guess not.
    2 points
  15. not sure why you still bother trolling the thread, your pro lockdown bullsh!t fell apart months ago and now you're reduced to occasional clownish comments that just make you look even more stupid.
    1 point
  16. "It was March of 2020. The nasty virus was called Covid-19. And this nursing home, like so many others all over the world, was full of elderly, morbid people.... The mean age of residents was 85 and 48% were over 80 years old.Within three months 100% of the residents had caught the virus...Not only did nearly none die none went to the hospital either... because they rapidly figured out how to stop the virus from killing people -- and did exactly that.You would have thought this would have been all over the news. In point of fact not one mention of it was made.... The jab train must continue, you see. So must the ventilator train. So must the money train, the mask train and the rest of the BS we have endured for the last 18+ months." https://market-ticker.org/akcs-www?post=243683 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7833340/#!po=34.9057
    1 point
  17. yes, thank you, the Russian support service contacted us very quickly, I first wrote to the English support service
    1 point
  18. Thanks Anda for your super fast reply
    1 point
  19. What's Happening? A Revolution. By Who? A/ Governments, (the visible puppets), and B/ The Davos Elite. Who Are The Davos Elite (WEF)? The largest IT concerns, Apple, the Google parent company Alphabet, Amazon, Microsoft and Facebook. The market capitalisation of these five companies at present amounts to an incredible $9.1trillion. Along with these digital concerns we also have the large asset managers, namely BlackRock, Vanguard, State Street and Fidelity. They are significantly involved in all IT companies, these four currently manage a total $220.6 trillion, for comparison, the GDP of all 28 nations of the EU last year amounted to $15.7 trillion. A Revolution How? By releasing a man made virus to cause a medical emergency and collapse the economy. Why? To destroy cash and create the need for a 'Recoinage' which will be a digital currency issued by central banks along with personal digital 'wallets'. The medical emergency will need a 'cure' and proof of having been 'cured' by means of a digital health record in order for the holder to be allowed to re-join society. Then What? Your digital health record will be upgraded to a digital ID incorporating your digital wallet. From this point on whoever controls the AI will have direct control over YOU. It will allow governments to watch over all transactions made by you and to assign various tax rates, and impose upon you individual fines. Governments can also place an expiry limit on a part of your money, and require that you spend certain amounts within certain time periods. But it can also require the money to be used for specific purposes, and require that specific amounts be paid only for certain products, or that they be sourced only from certain regions. Above all, government will be in the position to cancel your ability to make all transactions with a single mouse click, and so shut you down financially. The End. In part extracted from The master plan behind the Covid crisis - The Conservative Woman
    1 point
  20. Indices stage a further recovery A revival in risk appetite has seen indices across the globe rebound from the lows of earlier in the week. Source: Bloomberg Chris Beauchamp | Chief Market Analyst, London | Publication date: Wednesday 22 September 2021 FTSE 100 The FTSE 100 has continued to make headway after a choppy session yesterday, during which it managed to find support at the 200-day imple moving average (SMA) of 6897. The price has continued to climb, recovering 7000, and now it targets trendline resistance from earlier in the month, coming in around 7050. With daily stochastics crossing higher too it looks like the buyers have re-established control in this market. Source: ProRealTime DAX This index finds itself some 400 points higher than Monday’s low, with a recovery apparently firmly underway. The stout defence of the July low left sellers unable to push the market lower, and instead a rebound has developed that could now begin to target 15,800 in the medium-term. Source: ProRealTime Dow US indices have been more hesitant thanks to the Federal Reserve (Fed), but Dow futures are showing signs of recovering as well, moving back above 34,000. Now we look to see if these small gains can hold as markets await the Fed decision, and whether they can move higher once the decision is out of the way. Source: ProRealTime
    1 point
  21. Thanks for the comments, lots to think about. I'm probably guilty of not protecting my account enough, leaving the stop too long before moving to break even etc. But it is hard to do as you might get stopped when the market was going to continue on up and you have to start all over again.
    1 point
  22. Hi @THT Yes a lot is going to be happening this week. Central banks expected to steer FX markets this week, with the BoJ, Federal Reserve and BoE all due to meet to decide on interest rate policy. Thanks for your outlook on EURUSD and Gold, very insightful technical analysis breakdown. I have promoted your forum post on our top picks. Much appreciated for the outlook. All the best - MongiIG
    1 point
  23. I would also like to find out IG's position on this.
    1 point
  24. OK lots happening in the markets this week - not going to have chance to write up every market, so I'll keep on with EURUSD and GOLD EURUSD: Minor double top which stopped the advance and stopped out the long from the swing #2 low off the trendline - Price has caved through the 50% level (1st attempt provided small profit) Outlook = the 50% level is STILL an active level - we are also approaching and have to consider the prev green swing lows as we are very close to that being a possible triple bottom to bounce from and then we are also near and close to black triple bottom territory - just below the black line is the weekly 50% level [not shown] So apart from the gann 50% level - looking for potential reversal set-ups around/near the previous lows - for me these long poss trades take precedence over shorting at this stage On a more higher level, "IF" a swing low forms without the swing low of #2 green being hit or exceeded then it's technically a bullish gann secondary reaction or Elliott Wave 2 formation with an initial target of the prior swing high #1 and the red swing high #2 still as ultimate potential target also remember that the expectation from a double top is the target is the prior swing low - so if that double top performs to that expectation it will invalidate the secondary reaction option and form a triple bottom Remember to survive and thrive in this game, if the market changes the outlook you have to change too, unless you'll be left holding positions for reason A when the markets no longer working out to reason A!!!! - This is a huge factor in why people fail to win in this game, you have to have multiple outlooks, no preference and just trade when a set-up appears, most people like to be right and as we can see this market is in a multiple possibility position, which most people can't compute GOLD: We have had an unusial and rare minor quadruple top, the expectation there was for a gann 4th time lucky to happen, but it didn't, the reason for this was that the double top possibility was stronger than the 4th time lucky potential - market has caved to the 50% level of the prior swing and triggered a gann 50% trade as it rallied back through it - this level is in a tight zone from the previous swings labelled a/A Outlook: We have an active 50% trade - the expectation from this is a rally back up to the prior swing high which was a confirmed double top too - I didn't mention this previously, so I', hoping those watching carefully are picking up things (I don't mention everything!) - the DT worked and shorting it to the 50% level IS [was] a valid trade - take 2 mins here and think, long if the gann 4th time lucky trade triggered, if it failed, then we could potentially have a double top which you can short - this is absolutely acceptable thinking - you trade with the market, forming pre-conceived hard and fast ideas can stop you trading profitable trades - remember the market is in charge, we just piggy back along it OK so if a rally happens from the 50% level, it will form a triple top possibility, so you need to be aware for a reversal at that level - This is NOT guaranteed to happen and price could go straight through and upwards If price continues to drop then it will approach a triple bottom - again it does not have to do this, but more often than not the following happens, it will form a gann 4th time lucky attempt on the lows and more often than not price goes through that level so the expectation is to short it at that level and more often than not when price crashes through a 4th time lucky point it then retraces back towards that level for it to then continue down It is also perfectly possible for the market to create a quadruple bottom as we have seen of the recent highs, a gann secondary reaction / Elliott Wave 2 too - so like the EURUSD market we have to be open and flexible in our thinking and trade only when a confirmed set-up appears Like anything don't trade other peoples plans, trade your own methods and set-ups once you fully understand them and have tested them thoroughly Trade at your own risk and THT cannot be held responsible for other peoples trading The purpose of this thread is to show you how swings interact and from which very profitable trading methods can be established from those swings of the market THT
    1 point
  25. Hi @AR22 Thanks for the query The closings only status on a share means that we do not want to accept any new opening positions, but are happy for clients with existing positions to close them online. This could be due to a risk parameter such as volatility or liquidity, or perhaps a corporate action. Thanks Anda
    1 point
  26. Steve Baker MP FRSA @SteveBakerHW 1h Today I asked @sajidjavid when we can expect to live with Covid-19 as an endemic disease, just like flu. Ministers have now confirmed the infection fatality rate of COVID19 is 0.096%, comparable to flu. Written questions and answers - Written questions, answers and statements - UK Parliament
    1 point
  27. 1 point
  28. The long observed problem with the deaths and hospitalisations data is the 'death (or hospitalisation) within 28 days of a positive test', gives no indication of the person having died of covid or was hospitalised by covid. And given the reported false positive rate of the PCR test makes the data even less conclusive. You would think after all this time someone would have come up with a better test, makes you wonder why they haven't. In the age groups most at risk of harm from covid infection rates are less for the unvaccinated than the vaccinated under 80 years. This is very much in line with the data coming out of Israel where there is also zero vaccine efficacy. The fact is that vaccine ADE has created vaccine resistant variants as well as weakened the immune system of those vaccinated.
    1 point
  29. Hi @jlz and @THT, El Salvador's bitcoin law states the market will establish the exchange rate between the cryptocurrency and the U.S. dollar, the nation's other legal tender. It says all prices may be expressed in bitcoin and tax contributions can be paid in digital currency, while currency transactions in bitcoin are not subject to capital gains taxes. The central bank presidents for Honduras and Guatemala both said the banks were studying digital currencies with the aim of eventually introducing them into the economy, including via a central bank digital currency. Officials said on Wednesday, following El Salvador's adoption of Bitcoin as legal currency.
    1 point
  30. Hi I want to code my trading strategy in ProRealOrder for automated trading. I believe the new version of ProRealTime allows you to code an automated trading strategy using multiple time frames (1hr, 4hr, etc) in the same code. Does IG support this multi time frame coding and in particular stop loss triggers / trailing stop loss triggers in the code using multiple time frames? thanks Anjalie
    1 point
  31. Agreed, I keep saying almost the same to everyone. We just have to look at the attempts that countries are planning to build CBDCs , we will see those coins soon in circulation. They will obviously be part of the same gang. Today we have seen one the strongest falls in the price of BTC, I can't see a single news' agency in favour of the opening day at El Salvador. There is a clear attempt to undermine any attempt for any country to become independent from the dollar.
    1 point
  32. yes you're right I normally do post sources, the difference now is I don't waste time on your diversionary bull*hit.
    1 point
  33. Thank you @MongiIG From checking out the Weekly Post of the Dividend Adjustment event, I am a bit surprised to see that the figure of Dividend Adjustment on 1 September that day was a Whopping "35" for ASX 200, as below: So put in this way, as an ASX-200 (cash) day trader, I would have acted with my highest caution, if I knew it coming that day... Because, most of the time the Dividend Adjustment for ASX-200 is small (i.e. 1, 4 or 5) but this "35" figure is gigantic and it is clearly out of band from the other, as you can see from the above table ... Therefore, as I suggested earlier, would IG consider doing better service by sending (i.e. Pushing) the alert of any incoming Gigantic size of Dividend Adjustment like this (say any size > 5 - 8 points of adjustment) to our fellow traders, to ensure the "catastrophic style" of panic is avoidable? IG can either SMS to our phones or consider popping up the alert over the trading dashboard... Thanks again for your support, as always.
    1 point
  34. Hi @Caseynotes Thanks for this post on the DAX update, interesting read especially on the main change is that 10 new companies will be entering the index on 20 September effectively making it the DAX 40. For more information on Germany’s DAX Index price reweighting to include 40 shares check out the blog post below: All the best - MongiIG
    1 point
  35. Short on details but margin and account in £s means your demo account is either spread bet or cfd and you are in the UK? So you have a position on that you have watch sink to a £20,000 loss. Why? Actually a UK retail account has negative balance protection so IG would have closed out the position even before it went negative. Thought the demo would have done the same but sometimes the demo slips up. You can be sure the broker makes sure the live account won't, it would cost them too much.
    1 point
  36. Hi @Richard85 When making a stock request please kindly give the following information from the link below All the best - MongiIG
    1 point
  37. You mean this Dr Ryan Cole who is a skin specialist and whose ramblings have already been debunked... ... riiiiighhht 🙄
    1 point
  38. The short term stock price of a company doesnt not reflect the company's performance. The best companies in the world can exceed all estimates, targets and expectations and the stock will still tank. The stock price reflects trader's sentiment. If enough people sell the stock it will go down regardless of how well the company is performing. Using your example above, some traders might see that stock as a bargain. A high performance company who's stock price suddenly dropped. Long term, the traders will know if the company keeps its current path of high performance, the stock will eventually bounce back. the old quote goes: "If the business does well, the stock eventually follows." Another quote that has also served me well (despite me trying to prove it wrong multiple times...): "insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise." After much back testing, you may find you will be far more successful buying when insiders buy compared to selling when insiders sell. Best of luck
    1 point
  39. Hello, Your questions are being answered - IG community Thank you all for your contributions and asking questions to the 'Trade against customer' forum. We wanted to let you know we have picked up questions from this forum and we thought it was best for Adam Blemings, IG’s Head of trading, to address them in a webinar. We would love to see you there, please feel free to attend. The webinar is taking place on Monday 6th September 2021 (10am -11am BST). To sign up please use the following link: https://attendee.gotowebinar.com/register/3244908820136741133 All the best, IG community team
    1 point
  40. Hi, with IG you can't sell shares you don't own on the share dealing platform. You would need to use one of the leveraged platforms such as spread bet (UK ) or CFD.
    1 point
  41. Good luck on both counts - my only comment would be to always remember most of what is published out there is complete baloney, so bear that in mind when researching Most fund managers fail to beat the Index they compete against and most trading strategies don't have a positive expectancy BUT all that being said you can still win, but very very few people who try do, there's always room in the 5% club though for new members On the trading front - test test test trading methods, make sure they have a positive expectancy and just robotically trade, no emotion, nothing, trade appears take it, manage it totally robotically - the method needs to know when to take the trade, how to manage it and how to exit it with little thinking and absolutely no emotional thinking
    1 point
  42. Hi @amilio, With share CFDs you deal at the real market price, so we don't attach our own spread. Instead, we take a small commission when you open the position, and again when you close it. In each instance, a minimum charge applies. On leverage you won't be able to obtain free commission as you are you are borrowing shares which incurs a cost for IG. If you are willing to pay 100% of the value of the stock and own the stock, you can do so on a share dealing account. in this case if you trade 3 times or ore in the previous month US stocks will be commission free and UK £3 https://www.ig.com/uk/investments/share-dealing/costs-fees I hope that it helps. All the best - Arvin
    1 point
  43. I used to be a Financial Adviser, people think Financial Advisers are Investment experts - they're NOT, they know Investments, but they do not know the markets, easiest way to catch them and find managers out is to force them to Invest in the Forex and Commodity markets because they don't continually upwards like the main stock markets do over time - those "experts" as people think they are, would soon lose peoples money if they tries to invest in the forex and commodity markets
    1 point
  44. I've been trading for 10 years and I've never met a day trader that's consistently profitable or lives off his trading. You'll see a lot of guys who have a hot streak then mysteriously vanish. I've had hot streaks myself but they don't last. Then you have all the wonderful youtube scammers who come and go. They'll go on a hot streak posting videos then vanish for 6 months then resurface to find fresh suckers. They are all fake. Once you figure out what you're doing you have no desire to make youtube videos or share your success. Trading on technicals alone doesn't work. You'll enter a trade because of a chart pattern then it'll go against you and you won't even know why you are in it. You'll become afraid, emotional and frustrated. You'll never have any confidence behind what you are doing and if you only focus on one instrument you'll lose sight of what's going on in the entire market. Market conditions are very important. Focusing on only 1-2 instruments is a huge mistake too because that instrument might not move much for 6 months or even years. Fundamentals tell you where you need to be in the market. Stocks, forex, commodities, ect... That's just scratching the surface. You mentioned Anton's class and I have taken all three of them. I actually think they are really good but it's just a start. There are a lot of things left out of it that you have to find a way to learn yourself. It's not easy but at least he gives you a process. I've also read a lot of reviews and seen youtube videos done by people who have never even taken the class. It's really hard to get good information out there. I also like Gregoire Dupont's class as well. He's similar to Anton but goes much more into detail. It all takes time. Not months, but years. It's a profession like being a doctor or a lawyer. There's no way to make quick money in a profession. You'll just get destroyed. There are ways to cut down your learning curve but you have to find out how to do that yourself and take chances.
    1 point
  45. Great points there Davy. It looks like stops are your big problem. Price movement is rapid both up and down and having faith definitely helps. Trading out of good positions when it swings negative and triggering a stop loss is a common occurrence. Have you tried setting stops with a - 1%, -2%, -3% or even -5% swing. I concur that losses would be larger, but it also gives opportunity for swings to gain in your favour by similar margins. setting a stop with too much caution can create losses where it is not necessary. Bear in mind bots hoover up small price swings automatically and a very limited stop is bread and butter for said bots. Also you allow for giant trades which alter the price to be absorbed before popping stops. I am predominantly an oil and gasoline trader and have long stops and defined limits often smaller than the stops because when big hedge traders drop massive sells I do not get caught out in the wash and when the price swings back in my favour I collect (often after a frantic few minutes/hours/ sometimes days). Have also been trading Dow exchange futures which is a completely different animal and does not behave according to fundamentals, it would appear to be manipulated and influenced through stimulus and an army of desk jockeys with nothing better to do and no interest on their savings, who cannot short a market as easily a we can, so feel they have to buy to survive. The Dow also swings like a trapeze artist on steroids. Have been running uphill with that and figure to exit when final hedge pops....it's taking its time. If you believe the trade you have made is correct and have done sufficient due diligence I have found self belief will get one through times of high anxiety. The price is just the price, it is what it is, placing subjective value on winning or losing is difficult to avoid but a philosophical attitude can get one through and keep one in the green. One's own emotions and panic are the real enemy. I wish you good luck and keep your nerve. Have a great weekend.
    1 point
  46. For investments (share dealing ) I do, e.g I bought easyJet months ago and will sell next week as I think its no longer worth holding and prices have stabilised. Others like Zoom are just riding on hot air and the minute it drops I will sell immediately, the fundamentals of that company are shocking and its riding purely on speculation in my view And then I hold shares like Coca Cola where you can safely put them in the box and ignore for a decade For actual day / swing trading I don't read news. I did at the start but I found the problem was that there was just so many moving parts that its was a mess, I was **** about face, jumping back and forth 2nd guessing myself all the time I majorly cocked up twice, once with Hertz and then again with wirecard. I got caught out as although there was a massive sell off and a bounce back, I bought at the wrong time and got hammered, I sold out at a 70% loss whereas if I held a few days it would have made a50% profit. I am staying out of that game for good now. I am trying to take it from the group up, understand price action, strategies, entry exits , limits stops order types etc, Then I will take it up more by adding news feeds, deeper analysis, market sentiment and so on. As for news specifically I think it's worth having twitter or any decent news feed, for major or catastrophic events like bankruptcy, political, company news. One must remember that every indicator we look at has some form of averaging and smoothing going in. A sudden news release and it completely trumps anything in the charts. An indicator can't react fast . In this way I prefer IB platforms TWS rather than IG (I use ProRealTime) as the software has decent news feed. IG's PRT doesn't but the problem is you can't spread bet on IB.
    1 point
  47. cheers man, I don't know about him, What do you mean about "quant trading", can you recommend a book. Actually I was a quant for a long time, have a Maths PhD but my mistake before was ignoring markets and focusing purely on the numbers and theories. We strongly believed in efficient market hypothesis., the rational investor and random walk theory but in recent years I realized that people do not act rationally at all and there are opportunities to be had. Although I am still in my early days at this so as time goes on I hope to have broader experience
    1 point
  48. Ha ha, yes, exactly the same thing happened to me. I started a 4 year university course but realised I knew it all after the first year so I took the final exam and unbelievably I didn't pass. Clearly someone was to blame for this (other than me obviously) so I cast my eyes around and of course it must have been the college's fault. I mean all you have to do is take some indicators and chuck them on a chart and then pick out some pretty patterns right? I knew this would be easy for me as I'm good at spotting patterns. Clearly the fact that this approach failed meant the whole thing must be rigged. So next I scoured the internet looking for someone to tell me what to do and would you believe it but that didn't work either. The whole internet is telling me to do this or do that but when I applied these tips and tricks to the stocks I had carefully selected by chucking darts a stock page pinned to the wall nothing worked! I didn't realise I was competing in a two way auction, I thought I was just gambling like I do in Vegas where if the action is really hot and the big guys are throwing lots of money around and the spread is getting bigger and bigger then that is exactly the right time to jump in, boy was I suckered. It's not fair really as all I wanted, all I was trying to do, was to get rich quick, a very reasonable and quite simple goal really. The fact that this did not happen has made me sad and this has affected my relationships and it's all due to nothing less than completely unwarranted victimisation by the system I was trying to beat.
    1 point
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