DSchenk
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Posts posted by DSchenk
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@CharlotteIG Can you elaborate if IG is using any set criteria to restrict clients entering either short or long and short positions in certain tickers? Or is this a manually placed restriction set by the trading desk?
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5 hours ago, nit2wynit said:
I had to do it the old fashioned way and simply go down the list. PG&E is an old favourite. 1 Trade. Up £82. Done for today. Initial risk was £20. Moved Stop to +£40. watched it flutter at £90, Sold at £82.
Nice work mate - I'm back in the game tomorrow
Ross did -$12 today, so maybe good I wasn't in the market today
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42 minutes ago, dmedin said:
Yeah ... losing everything you made yesterday the next day is pretty much the definition of pain. You have to be a masochist to do this to yourself. It's torture.
Still green on the week mate, so all good. Didn't lose everything I made
No trading for me today unfortunately, am busy with another project. The funding for my live account got to come from somewhere, right
Wish everyone else good luck today!
Btw, Ross did yesterday make his money on DRIO, the leading gapper. We can't trade this on IG, is this all a **** **** crappy conspiracy against us, IG????
For those interested, he also stated his account fees, which are £105 per month for the direct market access platform ( @Caseynotes was wondering this once) and about $2 commission per trade. Also he needs to tax his profits.
So from the $158 he made yesterday, he pays about $16 in commission bringing him down to $142. After 40% tax, he's at $85 in profits.
Who's better off now? UK Spread-betting or Ross? With SB at least I get to keep the full £158, if I make them, but can't trade everything. Will be real interesting to see, which account grows faster in this challenge. Ross is obviously the better trader amongst all of us, so reckon will be quite difficult to beat, even if we have a SB bonus
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3 hours ago, nit2wynit said:
I'm yet to figure out the Scanner settings lol
God dammit @nit2wynit - I can't work with you like that
Need you to be on point at 2.30pm each day, ready to crush it!
Gonna make that screengrab now how the screener works
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1 hour ago, 19wfa1 said:
Hey guys, all the stated performance in this topic is calculated without commissions on shares trading?
No, that's all spread betting mate. Commission free, you just pay the spread.
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2 hours ago, nit2wynit said:
@DSchenk How did the screener have ASLN at +41%? It opened -41%?
ProRealTime doesn't pull in any pre-market data mate, so what you see there is the end of day performance of the previous day
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alright guys, sorry, trading took a bit too long today and then I went off into the gym before it gets too crowded in there.
Anyway, **** slow day, today.
Finishing at -£180
Only traded one ticker: VRAY
First got caught on the spike up and consequent sell off at market open. But happy to have kept my risk tight and only lost £116.
Then made a bit of it back on the rebound.
As it failed to make new highs, I though this is gonna be it for the day and went short. However, it actually made new highs in the end. Certainly wasn't expecting that.All the other tickers on my watchlist were boring as ****, nothing good to trade.
Still up on the week, so tomorrow is gonna be a new day with new opportunities.
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Scanner
Today's watchlist
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Ross started his small account challenge today, but didn't place any trades. Some technical issues amongst other things. Even happier with my £270 bucks now
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Agree with @nit2wynit. Take a break then onto Demo until it all works out.
My 4 wk break last month was legit. I know look forward to trading every day and can't wait for market open
On Sundays I'm like, ****, no trading today, good that tomorrow is Monday again
I'm gonna ride the Demo certainly this month. If I end anywhere between £2k and £5k I'm gonna try live from next year again with this new strategy.
I feel like I'm doing most of it right already.
- I know how to do the pre-market scanning and also the live market scanning with PRT
- I know how to calculate position sizes
- I know how to scale in and out of a trade
- I know how to play it long and short
Just bit of improvement on the risk management and FOMO required, then this should work out. Only trialling this on the Demo for 1 wk now, but feeling more confident than ever that this might all work out eventually.
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ok boys, this is it.
+ £271.6 - happy with that
ASLN was my big winner again.
Then took two short positions on NVAX, which worked out as well. NVAX could've been more profit, but was too distracted after an hour
Bring on tomorrow. Good start into the week
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Alright bro
My game plan for today - ASLN again, let's see who burns whom this time
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Some solid Gappers today, let's see what's tradeable in IG
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Ignore news, the chart is showing you if there are news
If you just use this template you're almost good to go.
All I'm doing is add here a 20
and here company name and float. that's it
Good luck today!
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Haha, want to keep it modest mate
Target is £100 - £200 and to beat the FOMO instinct. Always wait for the pullback! Always!
Also, want to play around a bit with stop-loss lvls so that I'm not getting that £700 loss again. So far I wasn't having any stop loss pre-set when entering trades, but was more knowing in my head where I want to exit - that caught me off guard last week, so might be better to set that max loss of £100 in stone straight when entering the trade.
Did you figure out the trade ideas scanner yet? Won't have time to do the screenrecord before market open today, otherwise I'll do it afterwards.
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Not placed any trades on live account in November and boom got the fee charged. Without receiving any prior warning via email or similar though.
At least we know that they actually charge this now if you don't trade
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Yeah, the risk management needs a bit more practice. Agreed.
Don't think it is actually possible to work with these hard £ risk levels. Like £100. With that you wouldn't find any entries. Sometimes you just have to go with the flow.
I mean the ASLN situation today, right thing to do would've been cut losses immediately failing to break the $7 level. Would've been a loss of like £300 and back to break-even on the day. All good.
On the other hand, this could've broken the $7, get halted, re-open at $7.50 and shoot to $8. Up another £300-£4002 minutes ago, nit2wynit said:I'll pick your brain later about the Trade Ideas scanner.
Let's do it. Happy to make a screen record, how I set it up if you like?
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On contraire, ASLN got me today. Badly
Total Rollercoaster today
First started off well with £385 on ASLN. Then I was pushing it.
Missed the run on the second 5min candle - and FOMO - I thought this is going to get halted soon, so better get in before. Bought straight the top at 700 and was down couple of hundred almost instantly on the flush back to 600. I was like, selling now won't make much sense either. So I held onto it, but eventually cut losses when it broke below the VWAP. **** ****!
Then I saw PT popping up on the Momentum scanner. I thought this looks really well. Volume picking up. I got in and then it got halted shortly after. When it came out of the halt I was up over £300. That's how to do it.
Tried to take another trade later on it, but lost £121 on it. Calling it a day.
End of day result: -£158
End of week result: +£328
Account size after week 1: £909
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😂 @nit2wynit The classic - logging into trading station - why is nothing moving ? Ah, bank holiday - ok, back to sleep then 😂
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So turns out Ross traded ASLN, but lost $60 on it.
However, he made like $3k on PNRL. That didn't even show up on my momentum scanner.
Will need to have a look tomorrow why it didn't show up. Would've been a nice opportunity as well.
He also mentioned from next week he's gonna focus on the small account challenge, so we should have a better way of matching performance.
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Popping up 50%+ on the screener.
That's one for Ross's "High of Day MoMo scanner"
You what he's gonna say: "And then I saw ASLN popping up on the scanner - and I'm thinking, wow, this is gonna go with or without me. So I jumped onto it for the break over $2 and then added at ..."
Same story everday
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Low of the respective pullback I was entering.
Was using the 1min chart for trading.
5min chart posted above just made the picture clearer in one screenshot
Small Account Challenge aka Warrior Trading Strategy
in General Trading Strategy Discussion
Posted
Nice one, trading these hours, lol. Market must be closing in about 6 minutes