nit2wynit
-
Posts
1,126 -
Joined
-
Last visited
-
Days Won
15
Content Type
Profiles
Forums
Blogs
Events
Community Tutorials
Store
Posts posted by nit2wynit
-
-
On 22/11/2019 at 06:02, Trevbeats said:
£500 Margin/Acccount size ? Please explain
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.
-
1
-
-
@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.
-
1
-
1
-
-
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
-
1
-
-
10 hours ago, DSchenk said:
Good man @dmedin. Live or demo?
How's @nit2wynit doing?
From next week I'm gonna jump back into the small account challenge on Demo again. Not worth doing it here in SEA, cause US market open is too late. Not having the head to trade at like 21.30 at night.
Think my plan is gonna be to grow to £1000 with the initial £500, then try the same on live.
If it's not working out, might switch solely to long term investing, trend following, buying the dip in blue-chips, etc.
Smaller returns, but at least not losing cash like in day trading, hahaCheck 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.-
1
-
-
On 07/10/2019 at 08:52, dmedin said:
The next 'crash' is being calmly organized and put in place, piece by piece. Hell, they even pay agitators to raise up the crowds of protesters and striking union members. The question is, who is going to profit from all the carefully orchestrated suffering this time?
Agreed. Digital Currency, RFID, Gold Standard.
It's all in play. -
Oh Dear. This old chestnut again...........
-
56 minutes ago, dmedin said:
Did you catch Ryanair today?
Not me. I don't Do Mornings :D
-
1
-
-
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
-
Just now, dmedin said:
@nit2wynit Sorry to hear that
I do not trade in real shares at all now. If I did it would only be ETFs.
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.
-
1
-
-
2 minutes ago, dmedin said:
@nit2wynitAre you trading live or demo?
Demo pal till I make 10k
Side Note: My Pinterest Shares have Tanked......**** week!
-
1
-
-
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.
-
1
-
-
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.
-
1
-
-
2 minutes ago, dmedin said:
Yeah let it run, but adjust your limit now and then.
I took the £65 before it Reversed.
Account still up £56 from yesterday. = Win
Any success?-
1
-
-
Let it Run??
Stop at Zero. Maybe I'll take this one.
-
3 minutes ago, dmedin said:
Have you had a look at Steve Nison's book on candlestick charting, it is really the bee's knees and essential when you're trading on very short time frames. There was a nice bullish hammer-type formation in there that portended an upswing.
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.
-
1
-
-
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
-
3 minutes ago, dmedin said:
@nit2wynit In the heat of the moment I would have taken my profit here but with hindsight you can see it would have been better to let that position sit open for much longer
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
-
1
-
-
5 minutes ago, dmedin said:
@nit2wynit This gap low is very bearish, I would enter short here and keep a stop somewhere above (in the gap) and then gradually move my stop lower to lock in profits. 😎
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.
-
1 minute ago, dmedin said:
@nit2wynit This gap low is very bearish, I would enter short here and keep a stop somewhere above (in the gap) and then gradually move my stop lower to lock in profits. 😎
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.-
1
-
I do not trade in real shares at all now. If I did it would only be ETFs.
Small Account Challenge aka Warrior Trading Strategy
in General Trading Strategy Discussion
Posted
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