dmedin

People who live here and don't have their heads up their @rses (people who aren't Tories) have known it for a long time but Britain's economy really is in bad shape: https://uk.reuters.com/article/uk-lloyds-results/lloyds-hit-by-bad-deeds-and-bad-debts-idUKKBN20E0QA

Might be more to come - look out:

I made a quick £35. That's still not as quickly as I lose money though

Reuters did an article on plagues today, they mentioned how the economy bounced back quickly after half the population died in the black plague ... reasons to be hopeful I guess

Depends on the time frame? This is not likely to be a long-term decline.

It's a big juicy 💩

Gone short! It's taking a dump!

🤔 I don't see how anyone can day trade with small sums of money. I simply see it as an alternative form of investment that is more interesting and potentially more reward than index tracking.

There's nothing sophisticated about buying a simple call. Regarding options in general, people have turned them into something ridiculously complicated with various 'strategies' and all sorts of permutations and complications and other b*llocks.

And back down again. You spend hours a day watching charts, and come away with nothing

Go on 🐮

Was tempted but resisted 👺

Nasdaq 100 makes a bouncy-bouncy off support and Wall Street starts to take off 🐮

No

😕

Heading south? 🧐

You tried it one way, lost money, tried it the other way, lost money - exactly what happens to me when I try to trade on short-term charts.

Thought about buying a call?

Looks like this boat has sailed. 👺 Never mind, IG's spread on it is extortionate anyway. This might be one to consider buying real shares.

I have a 1585 call option on this MOFO, in case you're wondering

But the signals on daily and weekly charts are stronger. You can use Fibs to trace out little waves, and the RSI helps. The picture painted by e.g. 1 hour chart and the daily chart are just too different for me to reconcile. I suppose you can have tight stop losses on short time frames and only trade in one direction, if you're got the discipline to not keep re-entering the trade and continually get your stop loss hit.🤡

Ugh. I was right about staying away from GBP. Look at that hideous doji.

Come on ye wee beaut 🥳👍🐮

They have a point, it does look overextended and it's reasonable enough to want to try and find some extra confirmation before entering a new trade. You're really just looking for a justification to get in, and find a reasonable stop loss point.

Yes 😻