nit2wynit
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Posts posted by nit2wynit
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4 hours ago, TrendFollower said:
If @dmedin keeps on losing money then he must stop doing what he is doing.
Most of us by statistic are losing money. That's what this entire thread is about.
Day Trading comes up a lot in the discussion. I myself Day Trade.
Can you show us how to Day Trade @TrendFollower? We all know we need a plan, risk management, discipline etc. We know the pre-requisites. But still can't make it work.......
Can you show us how to Day Trade? Not Tell Us. Can you show us how much you need to hold positions for months?
The minimum account balance is £250 I think. How would you trade it?
Thanks for taking the time once again. You will never receive abuse from me, but may suffer a Red Wine attack from time to time.
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34 minutes ago, Caseynotes said:
yes, you are right, they are both PG&E Corp, one is cash (dfb) and the other is the futures.
this had me fooled >
hahaha. Yeah.....**** me hahah Thanks.
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How's this for another reason to have doubt? Same Time frame, Same time side by side. What have I done wrong?
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5 hours ago, dmedin said:
Seems like most days are bad days when one is 'day trading'
I just want to echo on this a little Day Trading vs......What? Investing? Buying Shares? Long term Goals? Crossing the Road?
They ALL carry Risk. Pinpoint what you want to achieve, how much you are willing to risk to achieve it and we'll go from there.
I know it's hypocritical for me to be giving advice, but the entire exercise is Psychological....It's nothing else.
It's about what is in front of you, how you perceive it and how you perceive it will dictate how you approach it and how you approach it will determine the outcome; based on certain variables.
If you want to make £1000 per day and only have £500; It's possible, but you must have high accuracy and risk it all each time. you must also find the perfect Stock with the perfect Setup. You must conquer your fears and risk Little to make Big.
You nailed it with JD Sports. you got it. you found the Breakout.......but you didn't Risk enough therefore you didn't Capitalise enough.
I've told you I know why I've lost. Can you say the same? -
49 minutes ago, TrendFollower said:
If you are using the wrong trading strategy on spread betting
Trend! for the love of all that is Good.......Can't you see the rhetoric???
He's basically asking you or anybody....What is the Best Trading Strategy for Spread betting????? as he keeps losing............! Show him how to do it, don't criticise how he's doing it and offer no alternative.
Please please don't say....Well that's for you to work out.......That is a Cop Out.
I say this with the upmost respect for your knowledge; Either Teach or Preach. There is too much rhetoric and hindsight info on this forum and always from the same people.
@dmedin. I will show you how to make money here. But I need to know how much you have, how much you want to make per day. It's **** easy; if you can afford the RISK, Financially and Emotionally.
I will prove 10 trades with whatever account size you have. I will show at least 50/50 on wins. In fact, I already have.
With a 1k account I was up 25% as of Wednesday last week after 2 days Trading. It was only the Demo you say?
OK. So I offer ANYONE else here paying attention, a Task. Use the Demo and grow your account from 1k. and if you're so sure of your knowledge and wisdom, PROVE it Live.
How hard can it be?-
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2 hours ago, dmedin said:
I need a manual to understand the manual lol
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15 minutes ago, dmedin said:
Seems like most days are bad days when one is 'day trading'
Not bad in losses, bad in learning. **** me I can't figure this PRT out!! Where't the Dummies Handbook?? lol
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However, using the built in scanner you may have noticed these or missed them.
Greenlane Holdings.
Stemline Therap
PG&E Corp
I wasn't actually trading today, just placing what I could to see how PRT works. However, here's what could have happened with a 1k account. Take note, I wasn't trying to Win. Just punting to get a feel for it.
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12 minutes ago, DSchenk said:
In regards to adjusting the screener based upon IGs limits. I don't think there are any specific limits. I guess there's some sort of risk management team, which manually restricts "hot" stocks. Why they are doing this in the first place - don't know. My guess is still this is profitability management on IG side. If there was a ticker running 200% on a day and everybody goes long and makes 3x their account deposit in profits, then worst case IG need to pay everyone their money if they request it.
I'm going to assume this is the case.
As for me being able to place a trade FML Big Time.....WTActual F....................
I think I know why but still don't know how to remedy it. I've been ticking the SL top right next to the ticket and putting in 10 as in 10pt Stop (if the Spread is 4 I double it and add half, so in this case 10). Turns out on Shares it works in % not points. I don't **** know to be honest. This is a huge waste of my time so far. What a **** joke it is. How **** hard does it need to be ffs?
I managed to place a trade earlier by unticking the SL boxes, but then I can't work out how to Add a Stop or Limit to the chart........Some of the videos are out of date too so following them is a pain.
**** bad day today...Bad Day.
I need a drink!
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1 hour ago, DSchenk said:
GAP scanner today for US open: GAP over 4%; Float less than 50M; price between $0.1 and $5
Not a single stock which is trade-able in IG. All restricted. (I think IG is fooling us, not spread betting is for fools
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Is there not a way to Limit the Screener based upon IG's limits? Maybe it's possible to find out the full requirements for tradeable stock and add them to the Filter?
Today has been a nightmare.......I'm done :(____ -
Can anyone PLEASE put me right here??? What the Actual eFF is stopping me here? I've been trying to place a trade since 187...........Stop not Big enough Too close to Market.......But then I went to Web Platform and said it's Closing Only lololololololol.
What the hell is going on?????????????????? Why isn't this info readily available on screen? Is this a Joke?? Am I on Candid Camera pulling my fecking hair out?? lol
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Didn't change a thing. Already missed opportunities coz I can't seem to place a **** trade on PRT!
But made £60 on Petra Diamonds on Web Platform. Seems I'll need to go between the two.
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37 minutes ago, DSchenk said:
GAP scanner today for US open: GAP over 4%; Float less than 50M; price between $0.1 and $5
Not a single stock which is trade-able in IG. All restricted. (I think IG is fooling us, not spread betting is for fools
)
I've told you. Increase the Price of the Stock. Gap at 3% Float 20mil tops.
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SERIOUSLY!!!!! WTF is going wrong here???? STOP Too Far from Market Level????? 10 fucjking points??
I just opneded the screener too and tried to get in a trade.....Not available to Open!!! FML... why doesn't it say this on the **** ticket?? -
25 minutes ago, DSchenk said:
Maybe they are just not aware that the SB dream exists at all? Maybe someone should tell em
I've pondered this myself. I can't really see why they don't either. Personally I think they're missing a trick. But SB is limited in many way too as we're aware. Lack of Instruments to trade of Low Price for one. Large Spreads, maybe some others? But yeah, it would be great to do 'side by side' comparison.
This is what I've been trying to say though regarding your scanner (but I've clearly failed). We are not bound by the search criteria and Filter that the likes of Ross uses. We don't need to find Low Priced Stock as we use Leverage and can bet from as little as £0.24ppp on certain Stocks. This means that providing we have the capital* we can trade a **** load more Instruments than if you were simply Share Dealing. We/You need to take another look at your screener
I mentioned way back in the year that there must be a sweet spot for trading. It was dismissed out of hand, but I'm pretty sure there is, for this example alone - *I can't trade Netflix; need a 3k margin. If this is the case the same applies to Small Cap Stock, or Stock of a certain Value. above or below a certain Price. The Volatility, Market Cap and Spread all effect what is available to Trade and even after that we're also limited by account size.
Therefore your account balance not only effects your Stocks Trade List, but then also your Chart Interval times. Your risk is based upon your Stops. Most of us will use similar Stop points to one degree or another relative to the Time Interval, but with a small account you're limited by your risk (We can't trade the FTSE on the Daily Chart with only 1k-We must use a tighter time frame and ride the chart pattern, not the Daily or Weekly Trend-If we're trying to Trade the Trend with only 1k and the movement within a week is 100-200-500 points, then our Stop would also be huge unless you were Patient enough to wait and make sure you got in at a Reversal). This means we can't simply go in on the FTSE using the 1h 1D chart and place a Trade. Some with huge accounts can. They'll look at the Day chart and place a stop at a Reversal or Top and Bottom SR and simply make sure the Stop is at the previous High or Low But the Stop might be worth £500. But with a small account we must zoom right in and very carefully place the Stop to Limit our exposure to Risk. The Likes of Ross says to Be Bold and Risk 10% of your Capitall (not Exponential-whatever makes him 2k per day)
Anyway, maybe I'm getting off track. I'm hoping to do a Noob post on this. -
8 minutes ago, DSchenk said:
Regs really are the worst
What happened to our free world
The Private Banks and China Own it all now. We're all soon to becomce Digital Slaves.
On another note my 500 Sirius Minerals shares are about to Tank.....Luckily it's only £100.
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3 minutes ago, DSchenk said:
So is the point of spread betting purely that I have leverage available which magnifies my profits (and losses, lol)?
And if this is the case, why would Ross and those dudes not do spread betting instead of share dealing?
I think the Point of Spread Betting relates to you and how you feel you can take advantage it. I went round and round in circles before I realised it was OK to Trade and in many way Beneficial over Share Dealing for the sheer fact that I can Place as many trades as I like and not have to pay commissions plus It's Leveraged (a Curse or a Gift?) sure, it's a bigger a spread, but that's of little concern to me. It just means I need to me more selective with my choices and even more so with my In and Out.
Spread betting isn't available all over the world. It's quite a unique thing, but I don't think it will be here forever. Hargreaves for Instance have removed it. Tighter and tighter regs on it.-
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17 minutes ago, DSchenk said:
Ok so Ross just said it's been another slow day today.
Have I really caught two slow days in a row with my trade the US open experiment? Might need to give it yet another try tomorrow 😀
He stated that Aug and Sept were typically Slow months to trade and that it picks up closer to Xmas; to use the time to Learn, research or Practice.
But he's also a Millionaire so it doesn't matter much if he's down.
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another thing to note with SB. You could technically enter a trade at £0.50 pp on the FTSE. Therefore you have the potential to make hundreds or thousands.......not likely but possible.....and all it will cost you as risk is £0.50 if you don't use a Stop. Share dealing you pay per Trade Opened AND Closed. Usually £5-£10 per Open Close so on each trade you're cost is £10 or £20. This is before you've even made a profit if you do at all.
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OK, lets take a look at this. It should be pointed out that this is what I initially brought to this thread earlier this year. A few examples were given. Even back then it was confusing as to which method using a 1k account would make the most money; SB vs Share Dealing if it was on the same stock, making the same point moves, risking the same amount. Some answers were definitive, some were based on Spread, others based on sheer risk and others still based on preference. I came to the conclusion back then that it was Safer and Cheaper to Share Deal (hence me joining this thread in the 1st place to prove it-I still haven't
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According to this the spread is 2 vs 4.? Would you agree? We should also note we're using a Stock that has a 4pt Spread. Some only have 2pt. Even now the FTSE is 2 and later it will be 4.
Not sure where you live but who's paying 40% tax? Maybe If i make over 75k. If you are I need your help trading :O
Meaning you just paid for this trade 4 x £150 = £600.
While Ross pays £5 per trade or so. 'Ross' would have literally bought Shares. I don't think he deals in Derivatives. Therefore he's Literally out of Cash for thousands to start.
But i think we're getting off point.
Lets say you make it as a trader and get to 1million. Would you rather it was thru SB or Share Dealing? Share dealing you'll pay 40% Tax over 75k :O
Swings and round about.
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8 minutes ago, DSchenk said:
What I'm saying is, if that's what you want to do, then maybe look for a broker which doesn't restrict trading on 90% of the stocks which gap up.
I think you're mis-understanding the difference between Share Dealing (Ross) and Spread Betting. SB is Free. It doesn't operate the same way. Because it's Free a lot of Shares are Off Limits. I doubt any other UK broker offering Spread Betting will operate any different.
This was pretty much one of my 1st questions back in March i think; trying to work out the difference between the two and how I could adapt to make Breakouts work......Alas, I'm still searching and trailing. -
2 minutes ago, DSchenk said:
That means your stop distance is either too large or too small. Try using a different one and see if that works.
I also had problems sometimes figuring it out with those US stocks. Seems to be more straightforward with UK equities or indices. If you are on demo, maybe place a few trades on UK stocks, just to get a hang of the platform, before playing with the US ones
but it's fine on Web Platform.........Same Stop.?? :O
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2 minutes ago, DSchenk said:
With a £10k account, you can trade quantities of 25, meaning a 20 points move is £500. That would be £2,500 a week and £10k a month. In other words 100% return per month. And you say you can't make a living out of it? How much do you need, lol - Maybe sell that Bentley
hahha. I don't have a lot for this pal. Sure, if you think you can grab 20 points per day(I was able to, but catching Up and Down for hours)....No losses and have 10k to play with then Go for It. I#ll send you my bank details.
I said you can't make a living UNLESS you have 10k
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Jeeez can someone please tell me what this means? I can place a trade no prob on Web Platform. 10pt stop £5pp. This happened when i tried earlier.
I need a drink!
FTSE100 - Daily Trades
in Indices and Macro Events
Posted · Edited by nit2wynit
Yeah still struggling......Even just with knowing how much it'll cost to place a trade. How can that not be a paramount need to know? and as we're both aware, the amount of trades unavailable; you don't know till to go to place it!!!!!!!!!!!!!!!!!! WTF!
I've subb'd to your channel. I'll take a look at what you're using for Screen recording too.