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Showing content with the highest reputation since 04/08/20 in Posts

  1. 4 points
    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!)
  2. 4 points
    Development needs for Share Dealing and ISA Accounts: - 1. A low-cost Dividend Reinvestment facility is a must - this will have huge benefits for IG as, with your commission structure, I'm confident you would attract more long-term investors by offering a DRIP facility 2. Please include all costs in the positions window (i.e. commission plus stamp duty) so that average price and profit/loss figures are accurate 3. Please improve your help desk and phone availability - responses are extremely slow or with the help desk email sometimes non-existent, which reflects very badly on IG and suggests your investors are much lower priority than higher value margin clients
  3. 3 points
    can be more than 10 times in a row for me..almost feels like the market is just looking at what I am doing and going opposite of me. It also makes me feel like I would do better trading with my eyes closed at times...
  4. 3 points
    Please assign the IG labs forums to someone that doesn't ignore messages. There must be someone that can respond to technical questions. There are posts that have been sitting there for months. https://labs.ig.com/node/702 It is very frustrating to see that there is no one to help there.
  5. 3 points
    Limit (take profit) orders on daily and weekly options would be nice
  6. 2 points
    More than -17K in three days. It took me 2 years to recover it
  7. 2 points
    yeah I agree, the other option of paying a $30 round trip for non FX conversion is just a sneaky way of doing business. It bugs me that they hide this in the fine print especially when there is no logical reason for it and no one at IG can give a straight answer as to why , They should be encouraging clients to trade not discourage them.
  8. 2 points
    Volatility is such fun. If you are on the right side of it , of course. Dow@ 27239, will go higher expect 27550+/- 1%. Then hang on to your shorts as it's big swinging cahones time. If there is no more stimulus, saving the Fed largesse then watch the Dow sink 3-5% as retrenchment may be the order of the day. With stimulus expect a gain, then retrenchment, then exuberance, then retrenchment, then a small nervous breakdown....... It's as if the Dow has become the schizophrenic naughty cousin of the S&P. Today is the last day before the delayed August break for Congress so it's pooh or bust for legislators, who will naturally blame each other if they fail to agree. Ahh the competence of governments.......
  9. 2 points
    Whats really funny is that he wants to force a vaccine on every human being on the planet, yet he cannot even get rid of the viruses on his software! Maybe sorting that out would be a good start. But oh I forgot its all about the money and power.....
  10. 2 points
    I call it a wash and rinse - it happens often at swing lows and swing highs, as they are the obvious place for stops to be placed at, the "science" of the markets means that these places are often hit because of what the market HAS to do to move.
  11. 2 points
    online option dealing for individual shares and stocks (usa)
  12. 2 points
    I believe that it's better to get the basics right first, so in order of importance: 1. Fix your charts please (those bizarre spikes up and down not seen at any other broker, as well as those empty spaces on charts for Sat/Sun, see example of your own chart below with 2-bars wide empty spaces between each Friday and Monday) 2. Trailing stop loss on ISA/sharedealing account 3. Volume moving average 4. P/L and P/L %age for the day (currently only showing P/L since the position was opened) 5. Trade analytics tool on ISA/share dealing account - you keep emailing me to check it out but it's still not available on my accounts The below I realise it's unlikely to happen, but it would be amazing to have: 6. Stock screener similar to what Stockopedia offers (realise this is a premium feature so would be happy to pay extra for it) 7. An option similar to 'export chart' but for trade details, i.e. exporting trade data to excel sheet, like entry price, values for MAs and indicators currently on the chart etc. basically all the info visible on the chart but as numbers instead of a picture
  13. 2 points
    The backtesting tool that is available on TradingView.com (it's also available on the infinitely inferior Barchart.com) Do you know the one I am talking about Charlotte? It lets people test a strategy without needing to know how to program. Sometimes trades are too complex to be done entirely programmatically anyway (a few basic parameters can alert you to a potential setup, then you can review it manually before deciding to go in) TradingView.com is just generally more aesthetic, faster, responsive and intuitive.
  14. 1 point
    Still can't quite work out why we are deliberately destroying the economies of every first world nation because of this flu virus. Yesterday I went shopping at the local mega supermarket where the shelves were all well stacked and I happily mingled with well over a hundred people doing our shopping but I'm not allowed to go to the local pub (avg 20 people) or the local gym (avg 20 people). The latest stats on US cases I saw was on Friday night where it was reported 99% of cases were classified as mild (normal flu like symptoms) and 99% of deaths were in the over 70s age group. True the death rate for WuFlu is higher than common flu currently 1% vs 0.1% in most western countries. Italy is looking like an outlier compared to the rest at this stage and no one seems sure what's going on there. Also is the fact that most of the US cases are in just 2 large cities with the rest of the country relatively unaffected. For example the state of Arizona has 7 million people and is now in total lockdown because of the death of 1 person (over 70 years old with an underlying medical condition) and people are starting to ask why? The WuFlu cases are still nowhere near the number of normal flu cases where a week off sick is all that's needed for over 99% of sufferers. I understand the use of containment in the prevention of the spread of a disease but also know that if triggered too early has no affect other than causing bankruptcies and despair, my heart bleed over selfies on twitter of Sam Smith in tears all alone in his 11 million pound mansion 😪. In less than a week of lockdown some commentators are claiming it a great success because the infection rates are continuing as before (not rapidly expanding) hmmm. None of this seems to fit together unless there is something huge we are not being told.
  15. 1 point
    Dax and Dow H1. Dow taking another look at R2;
  16. 1 point
    is this the new site since Youtube was causing problems? not had a chance to look at it yet. https://tradingrush.net/
  17. 1 point
    How about Senior Software Architect, my current position? I am 42 springs buddy, wash your mouth before talking about me.
  18. 1 point
    I cannot take much credit on the execution, the bot did it for me. If there is an API available there is no need to use any third-party software, I can develop my own one. A rest API uses a standard protocol that allows you to use any language of your preference. Developing your own code means that you can run it anywhere and at any time. Meaning that I can run it on a server 24/7 with proper exception handling, email alerts, disaster recoveries and all the techniques that would make it to run reliably. I do not execute my trades from my local desktop, they are sent from a service on a linux server in the cloud. I sent 2190 trades in about 3 years so I am not sure how you would do that with PRT. PRT is a client application, you have to run it on a local desktop. That will not allow me to handle it the way I would like to. I would have to run it on laptop on my dodgy virgin-media-piece-of-sh*t connection. There is no way that would work.
  19. 1 point
    13 - twice. See below graph taken from the 'Trade Planing and Testing' thread.
  20. 1 point
    It would be very practical to be able to export "workspaces" to/from CFD and spread bet accounts.
  21. 1 point
    I continued with the smallest bet size on an index with 30k, to be sure that I was not going to be wiped out again.
  22. 1 point
    Short story - I automated everything, I do not trade anything manually. Everything is automatically executed using the rest API. Long Story - I started without a plan, looking at 5 minutes charts with a trembling hand clicking on every candle. What could go wrong? I failed miserably. Then I prepared a system, nothing too spectacular. Any system can work if it is properly executed. I started with an idea and moved to what I have now, changing parameters as I went along just to comply with the target that I wanted to achieve. I back-tested everything with local historical csv data and the demo account. Then when my code was reliable I moved to the live account. If you are able to define entry and exit points as well as limit and trailing stops with a system, if it is profitable on paper the only reason why it fails is because of the human factor, a person cannot execute a system perfectly, so there is always a way for a trader to decrease the performance of a system just because that trader cannot cope with the perfect execution of it. If you are able to automate it then your system will gain in performance and at the end in R/R ratio. You can take any system you want and start your back-test with one simple premise: Whatever you do, make sure that if it goes wrong you can try again. Any risk management technique will translate that sentence into mathematical jargon with hyper complex algorithms, but for me it is literally that: The ability to try again. That and an automated execution made it to work.
  23. 1 point
    what are you doing these days with trades. although early loss pretty bad you can tell your system seems to be good.
  24. 1 point
    Aye. You have to pay a trade fee for the illusion of free trades🤐
  25. 1 point
    Two things I would add, one being a very important addition, another just a great feature upgrade: - Have a currency breakdown that is easy to view. - You could be simultaneously holding USD and GBP whilst trading shares but it just gives a pound overall value. Yet, what happens with my dividends and account management fees? Are my US dividends paid with IG taking a conversion cut? Is there a second round of conversion cut to reinvest this dividend? If I have dollars, are they converted for account fees, thus making them higher? There's very poor clarity up front on the platform with currencey, it would make it a lot mor user friendly to tackle this and probably reduce customer service requests. - Have a y-axis volume indicator. On other platforms it is a beautifully handy addition that shows price points of large volume buying. Thanks Devs + Charlotte.
  26. 1 point
    A strong charge going into the weekend, a sure sign of bullish confidence. S&P H4 chart;
  27. 1 point
    For day trading you need a broker who does not eat your profits in the name of conversion and commission. IG is the worst. with falling USD there is no point in dealing with shares for IG. Example 1) Bought SPOT 50 shares at $253 1) 2 hours later sold SPOT at $256. Return -£25 (yes negative) They say they don't charge commissions but their conversion rates are so different for buy and sell that you are just donating them your research, hardwork and profit. Did the same experiment with DEGIRO ended up with £100+.
  28. 1 point
    What made you come to IG? They have the lowest fees? It's interesting that you want a stop loss system for trading shares. I've never encountered a serious investor use stop losses for trading in shares. Are you sure you don't want to be a spread bettor instead lol?
  29. 1 point
    Please add the option to reset the demo account entirely. We are only able to add funds to the account and that is not always what we need. It would be better if we could reset positions, transactions and activities as well. When we are testing techniques, any other data from other techniques is not relevant. I believe this will improve the need of storing useless data in your databases, demo accounts will get a lot cleaner. Right now as an example I have more than 60 positions completely stuck and can't do anything with them. After a couple of hours they normally reset and can action on them again, I am used to it and many users have reported the same behaviour in the past. A reset button could remove many queries to the support team. We don't need to bother them with issues on the demo environment.
  30. 1 point
  31. 1 point
    There was a video that didnt stay on YouTube for very long of doctors meeting up in Washington. They have been using HCQ for prevention and have not lost a single patient. There are other doctors that have come out in support of this pharma drug for prevention, e.g. Prof. Dolores Cahill. There are lots of doctors around the world speaking out about this madness but they are being censored and shut down. What is going on is psychological terrorism and people are not educated about looking after their own health by strenghtening their immune system. They have still not found a cure for HIV after 35 years. There is no cure for the other coronaviruses that we get every winter. Why does anyone think there will be a cure for the covid.
  32. 1 point
    Yes and there is no investigative journalism any more, they are all part of the propaganda machine.
  33. 1 point
    MSM claims science says HCQ is unsafe and ineffective which is odd because HCQ has been used for decades by 10s of millions of people and in countries where it is used as a prophylactic against malaria covid is practically non existent. The real problem with HCQ is that it's so old the patent has run out and therefore is very cheap. Big phama expects to make a fortune from covid and they can't do that with HCQ. https://www.realclearpolitics.com/articles/2020/08/04/an_effective_covid_treatment_the_media_continues_to_besmirch_143875.html (Graph from different source).
  34. 1 point
    Great but need to progress the process rather than repeat it, if backtesting is good then forward test on a simulator or a demo account, if that works out ok the test on a live account with minimum position size. Each stage teaches new lessons.
  35. 1 point
  36. 1 point
    Farce turns into insanity as Johnson, delaying plans to lockdown everyone over the age of 50, now plans to bulldoze your home. Increasing the number of tests inevitably increases the number of new cases found (usually old cases and no longer active) but GOVT is using this as an excuse to continue with and increase the draconian restrictions on civil liberties. Meanwhile in the US Camera Guy films nurses at an ER hospital reporting they don't actually have ANY patients at all. https://video.twimg.com/ext_tw_video/1288163434308292609/pu/vid/720x1280/HQbC1xu4xteJQR7N.mp4?tag=10 As testing was ramped up in the US many new positives found but there was no increase in hospital admissions. "Florida: 223,000 positive #SARSCoV2 tests in three weeks - 10,000 a day - and ~NO CHANGE in hospitalizations or ICU occupancy statewide." Meanwhile Gates' stooge Fauci pretends US cases are up compared to Europe because the US didn't lockdown hard enough neglecting to mention that the US has tested more than twice as many people as the whole of Europe.
  37. 1 point
    Daily charts;
  38. 1 point
    After massive protests against covid related restrictions to basic liberties in Germany over the weekend at last the Brits are starting to wake up to the fact they have been duped for the last 4 months. (London protest) https://video.twimg.com/ext_tw_video/1289600514871758854/pu/vid/720x1280/80phgIrU_SLEszL2.mp4?tag=10 Meanwhile in the US this guy is going around filming empty hospitals (in the middle of this fake pandemic). https://video.twimg.com/ext_tw_video/1290109538746748930/pu/vid/592x1280/bObmlwBZcFJ-twr1.mp4?tag=10 (Protest in Germany Sat)
  39. 1 point
    Click on the wrench on the chart (top left) Then you add indicator in the price settings
  40. 1 point
    If you email/contact Nicholas directly @ PRT he's usually pretty good at helping you if its simply a technical issue
  41. 1 point
    Lockdown has killed 21,000 people, - due to lack of healthcare and cancellations of cancer, and all urgent care for patients data suggests. https://www.telegraph.co.uk/news/2020/07/29/lockdown-has-killed-21000-people-say-experts/ More than 200,000 people could die from the impact of lockdown and protecting the NHS, an official government report shows; https://www.telegraph.co.uk/news/2020/07/19/lockdown-may-cost-200k-lives-government-report-shows/?utm_content=telegraph&utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter#Echobox=1595227705
  42. 1 point
    Leaked German Govt Interior Ministry report; Some of the report key passages are: The dangerousness of Covid-19 was overestimated: probably at no point did the danger posed by the new virus go beyond the normal level. The people who die from Corona are essentially those who would statistically die this year, because they have reached the end of their lives and their weakened bodies can no longer cope with any random everyday stress (including the approximately 150 viruses currently in circulation). Worldwide, within a quarter of a year, there has been no more than 250,000 deaths from Covid-19, compared to 1.5 million deaths [25,100 in Germany] during the influenza wave 2017/18. The danger is obviously no greater than that of many other viruses. There is no evidence that this was more than a false alarm. A reproach could go along these lines: During the Corona crisis the State has proved itself as one of the biggest producers of Fake News. So far, so bad. But it gets worse. The report focuses on the “manifold and heavy consequences of the Corona measures” and warns that these are “grave”. More people are dying because of state-imposed Corona-measures than they are being killed by the virus. https://www.strategic-culture.org/news/2020/05/29/german-official-leaks-report-denouncing-corona-as-global-false-alarm/ https://www.ichbinanderermeinung.de/Dokument93.pdf
  43. 1 point
    Can we get a visual backtesting tool that lets us add long/short positions to our charts please. Like Barchart and TradingView have. Thanks. 😘
  44. 1 point
    Hi I wrote a bit of code today to back-test this strategy with data from 2019. For the developers out there that are interested in running it themselves I added everything to a GitHub folder, so they can see everything in detail. All datasets that I use are contained in the Data folder. https://github.com/oneangrytrader/backtesting/tree/master/BackTester/Strategy The results are attached as a picture for review. All profits are calculated without commission, so it would be interesting to add proper commissions on CFD-SpreadBetting and Share Dealing accounts to see what it yields.
  45. 1 point
    https://www.rt.com/uk/485665-british-police-fascist-coronavirus-picnic/ "The country currently has 85,200 confirmed cases of Covid-19, resulting in more than 10,600 deaths, according to a tally maintained by Johns Hopkins University." All you need to know. By the way, do we expect Boris to go back in again for more tests to divert attention when more suspecting public call this scamdemic?🤔🤔
  46. 1 point
    It looks like Trump is surrounded by mercenaries. He does not want complete lockdown in US but other coordinated forces keeping up the pressure. Interesting fact. Both CDC and Johns Hopkins receives private funding. They are not government organisations. The current WHO chief was selected for his incredible track record. He was involved in a few cover ups in Africa which makes him ideal for the job. People might wonder who funds WHO. People might also wonder who provides the private funding to CDC and Johns Hopkins. Hint...the advocates pushing for vaccine and microchip.
  47. 1 point
    Actually I came back, the queue to get in was over 100 meters long, and this is an asda mega store, so people are having to queue to get food during an isolation lockdown. does not anyone else see the complete stupidity of this govt created crisis?
  48. 1 point
    you need to study your immunology a bit more, this is a flu virus but a particularly lethal one to the elderly and those with underlying medical conditions with a death rate of 1% instead of the 0.1% for common flu which is why those groups need to be isolated and protected from the general population who will only suffer normal flu like symptoms, we need herd immunity of about 60% before the virus will cease to be a threat. This is why the Govt (as recommended by specialists) started down the immunity route in the first place before flipping just a few days ago.
  49. 1 point
    Hi, this question has come up a number of times in the past, I don't use the API but have you searched the forum for previous threads on the subject? If you get nothing on the forum search box use google with 'api data allowance' and add 'IG community'.
  50. 1 point
    Compare to the FTSE chart (weekly) Diageo keeps pretty well in step and even leads on some occasions.