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Showing content with the highest reputation on 26/10/20 in all areas

  1. 1 point
    Hi all, Do you set your stops/limits on trades and then let them play out? My only real issue with this is that i don't know if my stops/limits are in sensible places in the first place so there is a tendency to monitor it. What about waiting for a series of signals from tech indicators to close instead, again you've got to be disciplined and do it when said signals arise. Thanks,
  2. 1 point
    There is a bit of debate about moving stops up to lock in profit (or reduce the risk of loss). Generally I am in favour though. But be careful not to increase it to much, else you will get stopped out by noise. Classic. We have all been there. Check out some of the forum posts on backtesting, this should give you an indication on the amount of volatility in your strategy. What kind of risk/reward were you running? What timescale were you looking at, and what was the ATR when you put on the trade? (You can add ATR as an indicator, and read it straight off the chart).
  3. 1 point
    If there is a change that invalidates the signal, its probably a good idea to close the trade. i.e. emergency rate cut, jet plane shot down, elections/polling noise...... etc etc But if you find yourself closing trades early, i.e. closing at a loss, before the trade would have gone your way. Then you need to sit back and leave that trade alone! As for setting the stop. Check out the ATR, if you are not a multiple of that, you will get stopped out by market noise. You can also monitor drawdown when you are backtesting. Closing a trade based on a technical indicator, is very valid. You can set alerts on the platform for most of them.
  4. 1 point
    you can just pull this yourself via the API - that is if you know how
  5. 1 point
    Can't find ABB share anywhere on the platform. Can anyone please update? Thanks
  6. 1 point
    On Friday Aussie Broadband was listed on the ASX under ASX: ABB. I was part of the customer offer but I wanted to invest more than the 2,000 shares the customer offer was limited too. I'm not able to find it listed in IG and was curious as to why, maybe I'm just missing something about how IG works or I just need to be more patient. It did open a week earlier than expected so maybe that has coursed some confusion?
  7. 1 point
    Yes, those guys Anton Kreil and his gang are great. All ex-pro trades at Goldman's etc They are doing 80% fundamentals, 20% technical trading style if I'm not mistaken. Everyone who says they are a scam just doesn't understand anything about the industry. Period. They are indeed one of main the reason, I'm thinking of trying the fundamental based trading system rather than looking 100% at technicals.
  8. 1 point
    @DSchenk You mention earlier that TA doesn’t work, how you do you want it to? – what exactly are you looking for? I think defining this will help with your ultimate approach….remember, there is no silver bullet to investing or trading (or anything in life for that matter…), which will make things easier….figure out what will work for you and concentrate on that. RE: Markets: Why is the US market more appealing than the UK market? Volatility, volume, liquidity….more opportunity…? Out of all the markets you have tried, what makes you think a fundamental approach is better? All markets trade on fundamental news, but this can be varied – one thing is for sure, price governs all markets….viewing this visually can be very helpful. Look at Glaxo – they supply products most of us user every day, without evening knowing…defo buy right? Look at their chart and tell me your thoughts….total downtrend and would mean losing capital fast…..but hey, they pay a dividend…(I’m a buyer when they hit £13.00 btw..) Crypto (I’m not a massive believer in this) – how does this work in the real world? When is the last time you paid for something in a crypto ccy? – conceptually great, but will your gran (dad/mom) buy a can of coke for $1.00 one day, and $1.40 BTC the next because of the volatility in BTC? The key premise of TA is (according to Investopedia) – “Technical analysis is a trading discipline employed to evaluate investments and identify trading opportunities by analyzing statistical trends gathered from trading activity, such as price movement and volume.” https://www.investopedia.com/terms/t/technicalanalysis.asp (not a fan of Investopedia, but im trying to make a point) I do use fundamentals, but only to the extent of looking for value in stocks which I want to hold for a certain period of time – I’m either looking for capital growth or dividend yield (sometimes both). These stocks are ones I have in my ISA portfolio. Depending on the above, it will depend on what account I trade in. ISA’s are great for when you are making profits (and earning dividends), but not so great when you are not. This is where having losses in your trading account may benefit you (speak to your tax advisor if you are unsure of what I’m referring to..). None of the above is trading or tax advice - please speak to a professional to get this information which is specific t your situation. TFFX
  9. 1 point
    Interesting post…. Apologies for my long post below, but I hope some readers appreciate its content. From a funds management point of view, these guys (non-gender specific when I say this), need to manage according to their mandate. Now, if this means they need to be invested in all sectors or only allowed to hold a certain amount of cash (for a lot of them, this is < 5% of the fund), which means they pretty much have to be fully invested at ALL times. Depending on the mandate, this might also mean they are only allowed to hold a certain weighting in a particular stock, sector or company (amongst other stipulations). This inherently makes it complex to perform in all types of markets, which is why you don’t see the ~30%+ performance in all types of funds, which we all wish we could have if it was as simple as buying a certain fund. This is not to mention the other factors of portfolio management, which relate to redemptions or capital inflow (i.e. selling stock to raise funds or investing new capital for a balanced portfolio – daily, weekly, monthly etc.). A private investor has much more flexibility when deciding what they want to trade and when, which in turn means more flexibility in what they want / can trade. The above comments in this thread about wishing to achieve 30% are entirely possible, provided you are in the right trade at the right time. Remember as a retail investor, one good trade of 30% (if that’s how we want to measure it), can make a year. But Investment managers have to take thousands of trades (in stocks they HAVE to own, but not necessarily WANT to…) to make a year…..our stock and asset allocation is very different…. Getting back to the primary point of the post – fundamentals. Let’s look at some very recent examples (some which I have either been invested in, or watching). All reporting or giving trading updates this week: ASOS: profits quadrupled from their announcement on Wednesday Stock is down 13% since then – hammered on the announcement Technically – this stock has had a great runs since the crash in April – +278% Dominos: 19% increase in sale for the third quarter announced on 15th Oct Stock is down 9% since then - hammered on the announcement Technically – up since July peak prior to sales figures– +24% AO World (on another thread on this community) Sales up 57% in first half Stock up 34% since the close on Wednesday – to the moon on announcement Technically – this stock has had a lovely trend following run since the crash in May – 332% Whilst I have been selective with the stocks above (in terms of performance), I’m trying to point out that pure fundamentals may not reap the rewards which certain investors are trying to gain purely on their fundamentals. Two of the stocks mentioned above have had has big increases in sales and revenue (i.e. things are looking good…), but have had quite large falls in share price since announcing. This could have been because “all the good new was priced in”….but as retail investors, how do we know this…? What I’m learning is that we have to trade with the market and THEIR view of the market, not of ours…. TFFX_
  10. 1 point
    Not all ETFs can be traded on an ISA due to taxation rules (beyond the control of IG). There are also some ETFs that are available, but IG will only allow 'professional' clients to trade. Safest bet is to use the tool that screens the ETFs available for trading on an ISA wrapper. https://etfscreener.ig.com/?cols=AssetClass,Currency,NetAssets,PrimaryExchange,ReturnM12&filters=GlobalSector,ISA,LeveragedFund,UCITS&map=null&ISA=Yes&page=1&sortCol=NetAssets&sortDir=-1