dmedin

Buy and hold the huge bull breakout in July ... I see no other winning strategy.

Of course they do, they also have a huge pool of capital backing them so they can pick the safest possible trades and make huge profits from just a few pips' movement in their favour. All of their trades get analysed to death before execution and four-eyes checked at every step. The cleverest technical analysts get paid to provide guidance and don't trade their own money. (They are not stupid or desperate enough to do that.)

Missed it that time 'n' all.

On the subject of 'missing the boat' big time ... if that's not a third wave then I'm a monkey's uncle. 🙈

I haven't seen a single person prove that they can consistently make profits on forex or index trading. That doesn't make it impossible (just like it is not impossible to make a living from playing poker). I have however seen evidence that buying and holding a tracker fund (or even bonds) over a number of years generates consistent profits. (Based on historical performance.)

JFC. Why do I keep trying when I keep losing? Do you think IG pays people to post encouragements on this forum? A bit like how addicts can be triggered by references to their addiction?

Buy when it is above the VWMA, my wee bairns?

Great

Missed another good chance to go short.

Zut alors!

🍹👍🤓😺

Nope ... they're still going to lose lots of money from day trading.

Until I look at the hourly chart and see that hideous double-ended green monster.

Tempted to be short.

Bouncy-bouncy!

Oh lawd!

Fking awful. Maybe time to go short instead

That attitude is encouraged by IG with its 'academy'. An 'academy' that doesn't even cover half of technical analysis (no mention of volume or Fibos) never mind regression to the mean, normal distributions, standard deviations, diversification, Elliot Wave and all the other stuff. Why study hard for a career as a financial analyst unless you're going for a job in that industry? Who would be stupid enough to trade off their own account when even the best-educated, most-experienced money managers frequently lose?

Closed order at £1.80 profit. Looks like it's going to drop further.

Missed a nice bearish candle signal.

Boeing seems to be invincible, possibly because it's too big to fail. I should probably give up on it.

I should have taken my £33 profit. I waited greedily for more and ended up closing out with a loss. Oh dear.

I don't know what to make of this.

Let's see if we can get a couple hundred points off this long. A pick-up in volume along with crossing above RSI >30 and price is above 10-day SMA. Surely people will want their vegan sausage rolls even when all hell breaks loose in Euroland.