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nit2wynit

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Everything posted by nit2wynit

  1. @Caseynotes before this gets out of hand as i can clearly sense a hint of sarcasm or reluctance, i want to make sure of a few things. This is not my post. It's an All Welcome to discuss if SB is for Fools. There are clearly issues with the Demo. If i must be directed to the Entire IG Academy before I warrant simple answers to simple questions (clearly some struggle where others don't) then what is the purpose of the the thread or the forum? I don't why why you've mentioned the Dow or Large Candles??? I showed you a 5hr chart and asked if you thought it displayed what you had outlined re Volatility etc. Things that would affect Spread size. to me it appeared that this chart over 5hrs was Not Volatile, but Active. Had Volume. So I couldn't see why the Spread was so large and so variable. I've assumed, maybe wrongly, that a person such as yourself, would be able to look at that chart and give me some clear understanding on it. I'm now assuming again that I am mistaken. I still don't know your answer to that chart and my question and entire Novel of words ago. But I value your input, so thanks.
  2. lol So....the chart?? lol Was that a volatile stock? I didn't think so, but the spread was 60pts. I'm none the wiser on your answer this time I'm afraid. As for my Questions being difficult to answer. Clearly haha. Cheers for everything so far.
  3. Soooo, about that chart then? I just wanted to know if that chart was Volatile or had Liquidity? 300pts 3.7% increase, 5 minute chart. A lot of words spoken to get a simple answer. Never mind. Thanks anyway.
  4. @Caseynotes what does the Dow open have to do with the chart I've put forward for your opinion on? That chart has been open since 8am this morning. At the point I was showing you it had been open 5hrs! I'm not sure of your point. I just want your opinion on Volatility, Spread relating to that chart that been open 5hrs? Why are we talking about the Dow? lol
  5. Annyyway, in the meantime waiting for the US to open this happened.
  6. erm...nope! I don't think so anyway lol
  7. This is where my knowledge has failed me David. What is a Point is it'f a £1 share price? I've only just realised the everything Left of the Decimal Point is Pence. lol I've just been focusing on the Points moved and not the value of them. It's like everything in life. You can't ask the right question if you don't understand the rules. Before we get any answers we need to understand what we're asking. All my question really comes down to is this. with 1k i can make more by utilising my Entire 1k Margin than i could if i bought the shares, but ultimately, if i use my entire 1k Margin i stand to lose a hell of a lot more than If the shares went the other way.
  8. but to answer your question; No, I don't. 'Do you trade in the seconds following a big news event when price is whipsawing all over the the place, when spread is sky rocketing and there is massive slippage because orders at multiple handles being taken out instantly?'
  9. erm....I'm not sure if that answered my question of 'What do you see?' I'm not asking you what you think happened inthe world to make it go up, I literally mean the Chart. The vertical red line is 8am open. It's a 5 min chart. Up over 300pts in 5 hrs or 3.7% Just wondering how you see it in relation to the info you provided. Large Volume of action. clearly moving on the 1 minute chart. Mahooosive Spread.
  10. Please tell me what you see here Casey and relate it to the info you've provided above? Within 30 seconds the Spread went from 45-62. Updating glitch? Normal? Is this Volatile?, Liquid?
  11. I do the same, but on a ten minute scale I invest in learning mostly, and Entrepreneurship. Though I may be a Short Term Day trader, this is my Long Term Goal. I'm 'In it to Win It'. It's in the Name lol. Not 'Nitwit' as @davidbrister thought. Still makes me chuckle David lol.
  12. You know there is a simpler answer to all this. Spread Betting is Not the Same as Share Dealing and requires a new strategy to ensure success.
  13. Rhetoric that applies to ANY discipline in Life. We've covered this already many many times Trend If it makes you feel better then yes Spread Betting is for fools. I define a fool in this instance as someone who does not have a trading plan, trading strategy, trading system, does not apply risk management, does not read, research, analyse, learn and cannot making informed trading decisions which are efficient and effective when faced with information and data in front of them.
  14. But it would have tied up my Capital for 2 months or so? No income from it. There was a stock I was using last week where it dropped several hundred points in the day. I'm pretty sure i can make this work for me. I just need to find the range that suits my Strategy and stay away from the riskier 10pts moves at £170 per point that i just happened to go right for me last week. Those i can't do for Real. I only need to make £200 per week for this to benefit me. £40 per day. £10 per trade. 2hrs. There is another Psychology at play here. I'm used to earning good money fast as a photographer. Anything from £100ph upwards, or £800 per day. So my time trading vs profit realised is important to me too.
  15. @dmedin it's a no go for me I'm afraid. When the Sun Shines, Make Hay. why would you want to wait so long for profit? If you've bet Short, then why not go all in on a smaller move? To me you've got more change of Change the longer a trade is running. Plus, we don't live forever, Time is short. If you can make money today take it. Pesonally Going Long on anything doesn't suit my personality. That's not to say i don't Invest, Like I have with Pinterest, but this is My Day Job. It's not a Hobby. It's not Pocket Money. I will most likely lose a lot more money. But I lost it/gained an education in Photography in the same manner. Student Loans, accommodation, Cameras. All money gone. If I lose but gain an education in learning to Day Trade as I go, it's a Fair Trade off to me. You're telling me you'd rather make £100 over a month than £50 in ten minutes?
  16. Sorry, to make it more clear, the question was never, 'Explain Spread Betting to me', but 'How is it the Same or Worse than Share Dealing if i only have £1000' and which will make more money in the Short Term. All I've been hearing is the Good points about SB. Not that you can seriously get int o trouble on Margin. Yes, we know this is about Risk Management, but I spent 2 month learning about Share Dealing before I found IG and Spread Betting. It can work the same, but it doesn't work the same as Share Dealing. I know the benefits of Spread betting Tax Free* etc. What no-one has done is actually say 'You know, Spread Betting is a safer more profitable way to deal than Buying and Selling Shares.' Is Spread Betting Safer and more profitable than Buying and Selling Shares, or is it just a Tax Free High Risk option?
  17. OK everyone, listen now. Everyone is telling everyone they're missing the point. Here is the point lol. I learned about SHARE DEALING. Pick a Share of around £2-£10 that has news, a great Set Up and wait for the Break out. Wait for the 1st Dip, Buy the 2nd green Candle. Operate on a 2:1 ratio or Risk/Profit, but 1:1 till you get good at it. Buy The Dip, Sell The Rise. Move on to the next. Don't try and ride the same Stock. Spread Betting has entirely different mechanics. All the prices and size of Spread can change and notably Do! Yes you can make more money, by using More Margin etc. but the Spread will put you under a considerable amount. There is no option for this to happen Buying Shares. You can also lose hugely. I can place a Bet for £5000 per point!!!! but it will put me under massively. I have my answer now people. Thank you all so much for getting involved in this. However, these is a Sweet Spot oto be found and it is the equation between, Price, Spread, Points Moved, Volume Volatility. There is clearly a range, bacause as I've mentioned i can't even Buy Tesla Stock, Or Amazon etc. This tell me that although there are High Priced Stocks i cannot access, there are also Penny Stocks that do not work. Some stock don't move much. Some may only move 1pt. But if the Spread is 1pt, then i'm 1pt under so it's won't work for me. There is a range I will find. Thanks.
  18. @ha05230 i went Live on here back in march with £1400. Up and down succes but left £400 down to buy Pinterest Shares. Went back Live again 2 weeks ago and lost £230 in half a day. Using the Demo with a fixed 2k margin 1 trade at a time, i win most days. But there are kinks I'm only just becoming aware of and Fails i didn't anticipate; the latest being Real Time Variable Spread. A trade i was repeating on went from 5pt to 25pt without me noticing. I'm only using the Demo for the foreseeable future now.
  19. There is a time Limit to Edit a post.
  20. THIS ^^ is the Info I've been waiting for, and thru my research, have only recently figured. This solidifies it for me. To be immediately down so much, isn't a wise move. However.....It is then also possible to Spread Bet on a higher priced Stock that will ensure I don't end up massively under from the off, and also make a profit of more points moved. Is there a Spread Betting Sweet Spot where a fixed amount say 1k, can work equally well either Spread Betting OR Share Dealing? Or are they simply not exchangeable strategies? There must be a Price Point that allows me to place a bet that only costs as much as if i bought the shares. For instance, I simply can't afford Tesla shares with only 1k. Many of the top shares aren't even available at the lowest Bid. I'm hoping someone is going to say 'Stay away from shares below £2 and no more than £20; as an example. The Sweet Spot with a small account is.......The equation being Price per point vs Spread Cost vs Points Moved vs Profit taken. Thank you so much for taking the time to outline the risk involved and not simply the benefits of Spread betting. You see, I learned about Share Dealing first, buying and selling stock around £2-£10. So trying to make it work with Spread Betting has been a challenge because my previous knowledge doesn't translate well to the Spread and the limitations that come with Penny Stocks and Spread Betting. However, it's there in Black and white; the answer to my many months old question. All things the same i.e 1k Shares or 1k margin, It will risk more and initially cost more to bet on the same £1 instrument. as we're nearly always talking about Risk Management and Strategy here, it's important to take note of this. I just needed to hear it from someone else. Thanks
  21. @TrendFollower I think what's obviously happened in the past is I've noticed a Point Spread, but it's changed without me knowing. This could be a reason why i was failing a lot early on. Still learning the basics.
  22. Well, to be fair, it's knowledge now. Hopefully the Spread will be added to the Demo soon too. Not hard to get confused when we're dealing with 4 number dealing prices that have gone from 5pt to 25pt Spread. no wonder my trades went from -£20 to -£100 :O Seems I've spent a lot of time learning chart movements and not enough about Spread Betting Fundamentals. Like I've said, it was Share Dealing I'd been Studying. Think I'll take this whole thing back to Pen and Paper and give this thread a rest.
  23. @Caseynotes lol. I know. I can feel the anguish in the Forum. Something isn't clicking here inside me. I had no idea the Spread was the WHOLE spread from Buy to Sell Price. I thought it was Half the Spread. you'll remember me saying that the spread isn't showing on the Demo. It's clearly thrown me off. Next i look at the ASK buy and Mid price and try figure that out. ****. thanks everyone.
  24. @TrendFollower Explain this to me please. Image shows 5ppp, Stop and Limit at 1pt or £5. Why has it cost me £15 to place the trade? The price between the Buy and sell is 3pts? The charts is showing the Mid price. Thanks
  25. Yes, that's it @TrendFollower But I know what the Spread is!!! I know what Margin is and Leverage!! You keep talking about Overnight, but I'm a Day Trader. No open Trades. I'll be trading for a few hours a Day, tops. I'm also aware of overnight charges. But you've picked a Share Price at the wrong end. £1 share price, 1000 shares. Move from £1 to £2. Profit £1000. cost £8. Spread Betting cost to make the same money from £1 to £2.
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