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Posts posted by AbDXB1345

  1. @nit2wynit sorry, just topped on my coffee so firing on all cylinders again.

    I trade on the IG web based platform, my strategy is 80 % fundamental now so I dont really need fancy charts with lots of gadgets. 

    Check out a youtube channel called Dumb Money, a guy by the name of Chris Camillo is one of the contributors. Not saying they are the path to righteousness, but the way they approach investing is really thought provoking. 

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  2. This seems to have got completely sidetracked...

    Honestly, there is clearly a cause for frustration when trading and investing on the stock market. Many lose money, but it is still the best tool to make significant amount of capital. 

    The issue is people think it is easy money, if it was everyone would be doing it.

    I just hope that out there there are the 10% that are making money and make enough in order to live off of that amount!

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  3. @nit2wynit I dont really use market screeners etc I used to try trading every day, opening and closing positions. I found I would have some success and then lots of losses.

    I focus more on trend analysis and trying to get into a trend before it moves. An example is I am long Amazon and Walt Disney. Both were down for the last week or so, but are slowly moving up towards my opening position.

    I am Long on Amazon as I suspect that as we head towards Black Friday sales and Christmas they will be having a large increase in sales. These should only be reflected in their 2020 Earnings, but it is better to get in now while the institutions are waiting other factor.

    Walt Disney is a similar play, later this year they will be coming out with Frozen 2 (never seen Frozen 1 but have heard enough to make me believe this will be a hit in December), and the final episode of the StarWars series. They are also launching their streaming later this year, and I believe the winner of the streaming wars will be the one with the best content, Disney clearly ahead of the pack already.

    Also shorted GBP/USD last week, again this is with the view that as Brexit continues to plod along and a stronger dollar will likely impact this currency the most.

    Thats just my 2 cents.


  4. @Caseynotes also just taking the time to learn, most people just want to jump right in.

    Trading on demo for an extended period allows exposure to the markets with no risk. the obvious downfall of this is with no risk there is the chance of paralysis by analysis.

    I stuck to demo for almost 2 years and felt it was time to put experience to practice on a small size account, with the aim of adding to the size with monthly contributions that wont bankrupt me.

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  5. @Caseynotes forums are the perfect place for Catfish...

    I guess all I am dying to see is someone post a comment saying "Hi there, yes, I trade for a living and make my annual income predominantly from trading and investing". I guess that comment in itself in the Holy Grail... probably out there but unlikely to be found 😄

  6. @DSchenk I think @TrendFollower has a point though, how would you define that one is better than the other? On their win rate, percentage profit every year or actual annual profit value. 

    A trader that makes 30% profit off of a 10,000 account would surely rather be making 10% off of a 100,000 account?

    My goal is to slowly but surely build my account size so that someday I can live off of the 10% annual profit, with hopefully lower risk and much lower time input (extra time = more fishing time!)

  7. Hi All,

    Just curious, with over 48,000 members on the IG community forum, are there any traders out there that trade for a living i.e. primary source of income.

    Obviously this is the dream of most traders, but just interested to know if any of the community are living the dream.



  8. Hi All,

    Still a newby to trading crypto, hold a position in Bitcoin at the moment. It has been trading in a tighter ranger forming a flag. With reducing range, reducing volume and volatility in the global markets I felt it was the right time to get some experience. Keen to get others thoughts on this as a trade.

    Cheers and happy hunting

  9. For those that care, the Saudi energy minister is scheduled to hold a press conference later today to provide details on the plant. This will be the first formal statement.

    Sources are reporting that the damage was worse than initial suspected, and the expectation is that half of the lost production will remain offline for weeks to months.

    Using the guidance provided by Goldman and shared by @Caseynotes, we could potentially be seeing $70 - $75.

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  10. @Caseynotes

    "Riyadh has built five giant underground storage facilities in various parts of the country that can hold tens of millions of barrels of various refined petroleum products, to be tapped during times of crisis."

    The real play may be Natural Gas:


    "Prince Abdulaziz said Saturday's explosions also halted supplies of some two billion cubic feet of associated gas -- which is extracted along with the crude.

    "As a result, ethane and LNG supplies will shrink by 50 percent," said the minister, adding that domestic supplies of fuel, electricity and water had not been affected."

    Ref: https://www.arabianbusiness.com/energy/428041-saudi-arabia-to-tap-oil-reserves-after-drone-strikes

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  11. @Caseynotes I think they said the supply would return to normal by Tuesday due to the massive stock piles of oil on reserve in other parts of KSA and other countries (they have locations in Europe, Egypt and Asia). So they expect that the supply of oil should be unaffected, but that all depends on how quickly they can get the plant back up running and how long the stock piles will last.

    Certainly would expect fear to cause some level of jump on opening, I think the KSA ministry are scheduled to report on the status of the plant on Monday, so I would keep both eyes on that report as that would probably be the indicator of sustained increased of the price or a return to current prices.


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