nit2wynit

I've been continuing with my Fail Analysis; re-enforcing why and when not to trade as well as Time of Day etc. Learning what Not to do is proving far more difficult than What to do! :O But it all leads to the same result. I've got my account down to £507 so from tomorrow it's all serious. I'll be putting some time to understanding all of the options in the Trade Ideas Scanner to fine tune it. Future starts tomorrow for me. :D

I'm practicing on the Demo with only £500 account size. I pick stocks that are Gapping 5% or more Pre-Market. If i have £500 account size then i use my full £500 as my Margin. I look for Breakouts only.

@Trevbeats I always use Stops and never more than 10% of my account size. Today I'll be using the Demo again and 'Trade Ideas' as a Scanner. Though I've left it a little late to input my Scanner Data. Let's see what today brings with a £500 Margin/Account size.

There's one in the bag. Clovis Oncology. +£80 in 5 seconds. £499 Margin. £57 Stop at R1 Done for now. Edit: Oops, Slippage. £89

Check your idea there bud. It took me 2 days to make £500 with £500. Not enough time to prive it all. I grew 3500 to £1250 in 4 days. But I've decided to go right down to the minimum account size of £250 or £500 I'm not fully sure yet (Demo) and grow it to £5k. I want at least 20 trades proven before i go live again. Missed it again today. Too late to do any research. I'll get the charts up and see what happens

I'm here but got bored on the Demo. I've gone back to Testing Fails. I still want to get my account back to £500 and start again but i keep getting distracted. For reference on the Demo using strict In Out and turned £500 into £1250 in 4 days trading breakouts.

Agreed. Digital Currency, RFID, Gold Standard. It's all in play.

Oh Dear. This old chestnut again...........

Not me. I don't Do Mornings :D

Well, that's it from me then for this week. Even though I've been missing the 1.30pm US Open for the entire week, my £500 Small Account balance is up £103. However though I did start with £1877, I only traded with £500 or Less Margin. I've made a total of £405.67 and Lost a total of £303.24, leaving a profit of £102.43. On the whole I'm up 25%, but I've given away far too much and actually didn't take profit as quick as i should have. I Estimate I'd be up about £250 if I'd played the way i know i should have. @DSchenk where are you?? :O

Yes, though i don't know anything about ETF's I'd have made considerably more by Spread Betting PINS Instead of buying Shares. As soon as they're either back up to Cost or in Profit I'll be selling.

Demo pal till I make 10k Side Note: My Pinterest Shares have Tanked......**** week!

DoH!!!! Did everyone else know about the GMT Daylight Saving change from the 27th Oct? I've been wondering why all the chart data starts at 1.30pm lol. Christ. Fresh start to the challenge next week then.

Ah I see. thanks so much for taking the time.

Hi, did i miss the Memo? I'm seeing a lot of Shares available to trade from 13.30pm GMT. Did I miss the info on a change? Thanks.

Slow moving today. Obviously there would have been more choice but I can only go with what I see at the time. Disappointing yesterday to give back my £114 profit from Monday, but gained back another £65 but then gave away another £27. You can see what I'm up since Monday. I had a Starting Balance of £1877 so about £110. Yesterday I let the trade Fail to its Max of £114, but I wouldn't have done it normally. I basically punished myself for placing such a stupid trade. We'll see what tomorrow brings.

I took the £65 before it Reversed. Account still up £56 from yesterday. = Win Any success?

Let it Run?? Stop at Zero. Maybe I'll take this one.

Ah it's not the candle it's the timing that got me. I literally found that chart where I got In. Stoopid mistake.....There wasn't even a green candle present when I placed it. Usual habit. Deserve the Loss today. back to it tomorrow.

VERY very foolish. Late start; missed the 2.30 Bell. rushed in. I'll let this Fail all the way now to take yesterdays £114 profit. Shame.

@DSchenk Sorted. Lost track of time though. 2.35 lol. then forced a bad trade in a hurry. Doh!

@DSchenk Hmmm. I'm still struggling to find the Demo of trade Ideas??? :O

Well hopefully we can all learn from each other. That where I got In. R2 was my Stop @-£13. New Day today. get ready for 2.30 i expect to give yesterdays profit away though as i'll be too cocky. lol

Tell me then, if you got in where you've stated at the Gap, would you allow it to drop and reverse as it did, or take profit sooner? There' No Way I'd see that drop to R1 and let it go anywhere near R2.

Oh, i see. I figured that was simply missing Chart Info :O I didn't have the chart up. I found it and went straight in. It was already down from this point by then.