nit2wynit

I assume Pro Real Time has a better Filtering system? Can you search the entire market based upon my own search criteria using Pro Real Time?

@dmedin why do you think it's not possible? Stocks rise and fall each day, some by many points. for instance, If you have £1000 and can buy 1000 shares at £1, and they go up £2 you can make £1000 profit; Share dealing. This can't be done with SB and a £1000 account using the same stock as the spread is 1pt. My main point is not that SB doesn't work, but that I didn't realise it was so different a mechanism compared to Buying and Selling shares. What I'm trying to figure out is the alternative and how to make the system benefit me. So far it seems to play a long game. However, if you really know what you're doing (which i cleary don't) then i find it quite easy to assume you should be able to double your money each week providing you can find the right stock to trade. the IG platform alone does not facilitate the ease to find stock to trade as a Day Trader. there's just too much time and effort searching. I need Pre Market DMA and a scanner.

@JamesIG Yes indeed you are correct I'm trying to find out the limitation of SB with IG. i cannot find enough small cap stock to trade because of liquidity or spread. they open and close randomly based upon volatility. as an example, Diffusion Pharma, Obalon Thera, Co-Diagnostics Inc and Valeritas Holdings. I'm researching a different strategy with a small 1k account and SB, but it doesn't fit with what I had researched prior to joining IG; Day trading Shares.

Well, right off the bat today, the 5 stocks mentioned to watch are all Closed and Cannot Open with IG.

@Caseynotes @TrendFollower i sincerely thank you for your time effort and consideration in this thread, but if you're not actually understanding my main question then it's going to be difficult. But i want to to continue to try ross cameron is Live now Pre-market USA with a Stock watch. I'm going to take notes and see if i can make it work with IG and SB. Back later.

@Caseynotes try another review His strategy is as yours (albiet with variation) Find Low Priced Stock with low float. Minimum of 5% increase from previous day. There is a checklist. Don't buy the break out. Wait for 1st good candle after the 1st dip. Buy Shares. Sell for profit. Repeat. The following and success is massive. No reason to doubt it. The info is all there. That review is very flippant. It deserves more research to prove validity. I have trialed it myself by watching potential breakouts with IG. one was Cadence minerals. Went from 15 to 32 in half an hour but i was demoing. My problem is the scanner to find the stock that fit the criteria. @TrendFollower This is clear to me. I have made this possibility clear that I believe you to be an Investor and the mindset of Day Trading simply doesn't make sound sense to you. It will be hard for any of you to offer advice to me, if you're not actually sure of what I'm referring to re Warrior Trading. Fact or Fiction, the strategy is sound. I just can't find the ideal platform to use. Plus, in the UK we have SB. This maybe what I'm failing with. It's not Sharedealing. I'm trailing to find out if i can apply the strategy to SB.

For instance; I've mentioned Ross Cameron of Warrior Trading. He uses a scanner with a predefined set of instructions to find specific stock. His scanner does all the work for him. Then he'll narrow down a few of the best and watch them. they will have potential relating to News maybe. He sees the Breakout, buys the 1st dip @Caseynotes then get out after he's made a profit. He specifically buys stock $5 or less, usually around $2. As no-one has actually confirmed yet if they know who I'm talking about, he started 2 years ago with $583 and made 100k in 2 months. He's recently just broken 1m in two years with this account;; all confirmed. Can i apply the same strategy with 1k using SB?

@everyone one thing for sure is there's a plethora of differing advice. Some will be more valid than others, but as opinions go all valid, nonetheless. There's clearly an error is my stock choices and/or that fact we're living in the past regarding chart patterns. I know what my main problem is; Patience. Searching thru thousands of instruments it creating it's own problems. Finding stock with volatility float volume etc. So, here's where some of you may be able to help me with my next step. All else is secondary. Where and how do i find stock to trade?

I'm currently at £0.00 It could happen yet.

@Caseynotes Yes, I'm starting to see that I often try to pre-empt a change in direction.

@Caseynotes I've actually gone back to the 16th May for the pattern and the news. I've figured a support line at around 600. Expecting a short pull back within the day. there's clearly something I see that is wrong because it's already stopped me out with a £50 loss. i consider since the 16th a long consolidation so expecting a drop.

I'm expecting it to drop to around 600 mark.

@Caseynotes take a look at this if you care too. I practice each trade as If i have £1000. I usually only go to 90% of it margin wise. i hope you can see the figures. i have taken a Short Position on it. Stop loss at around £50 or 7pts. What can you see?

Has anyone observed the chart delay between SB platform and DMA Live charts? How far in the past are we when placing a Bet?

@Caseynotes I see. I've mis-understood the hidden advice here and the purpose of the forum. Of course; why give your strategy away after the time and losses it may have cost you? But this is a simple question while asking for the most basic of advice. Theoretically. £1000. Spread Betting. What stock would you pick? how would you find it? how much would you place? If no-one can give me a simple answer to this in here, then what's the point? There's a gap in the info provided. i.e. The difficulties trading with a £1000 account limit. I've lost 15 trades in a row today on the Demo. Statistically improbable. I even followed a Trend and reversed my position after 4 losses shorting, then it went the other way and I lost going up too lol. Every single trade went the other way. They ALL go the other way. therefore if i can figure out what I'm doing wrong, I can reverse it? Sounds reasonable?

I've come to realise albiet too late to save myself, but Spread Betting IS for Fools. I'm not saying you can't make it work, but christ it's difficult. It is literally set up to take your money. FACT!. The limited Filter function on Instruments, Pre market info, delay, Penny stock trading and huge spread on low volatility markets is all engineered for Gamblers. How the **** are you supposed to search thru the entire Instruments to find anyhting other than literally going thru one at a time? What am I missing? some people are just better at gambling than others.! As @dmedin pointed out very early on, it's not Trading. It's gambling, pure and simple. So, to set me straight, I'd love to hear anyone else's strategy to profit from a £1000 account using Spread Betting. What Instruments to Bet, what tools to Scan, how to find volatility, Gappers etc. News etc. you know; every pre-requisite requirement to place a bet. Can anyone give one working example of how they make this work? I'm starting to think all the Pro SB folks in here work for IG haha.

This thread is still proving to be very helpful. But I'm wondering if anyone can clear this up for me finally? I've mentioned that I discovered Warrior Trading on Youtube; Ross Cameron. I'm still curious if anyone actually knows what I'm talking about, and how i can relate the strategy to IG and Spread Betting with a small account. For instance, Ross would buy shares at maybe $1 or $2 dollars. He'd wait for a break out, buy the 1st dip, then sell at the top for a profit. As you will all be aware, it's practically impossible to buy low priced shares with IG because of the Spread. To be more obvious in my point, Ross could buy 1000 shares. If they only rose by 10c he could profit $100. The spread applied is often one whole point, making it impossible to benefit from small moves; so how to i make the same strategy work? Maybe I should start another thread of my own for this?

@786Trader Congrats on your successes so far. Tell me, do you go Long or Short on your trades? I'm getting the impression most people go Long.

To add, my picking 20 random stock was a Statistical Learning; To witness the random successes of random picks. It's quite possible I'd picked all stocks at the peak of their small % increase and consequently all went down or sidways and have me negative bacause of the spread. However, I still feel the randomness should have provided a percentage split, not simply all red!

@dmedin i could have sworn i posted to this yesterday but it's not here. Anyway, I'm wondering what is attracting you to TUI? This not a pattern or instrument that would ever get my attention. It's done nothing but go down (Trendwise) since last summer and barely moves more than 30pts in a day. What inside scoop do you have? this could be what I'm mis-understanding. Are you playing Long on SB? I'm assuming you have a larger account than I've originally thought, or you're doing this for entertainment? For information sake, i picked 20 random stocks 2 days ago that had gained a minimum of around 5% and so far, 2 days later, they all still red and my account is down £1800 on the Demo. Statistically...........19 out of 20 red?? :O

@Foxy buddy, i don't know what you're talking about :O Knockouts? £1.00=100 shares?? I work backwards from ......'I have £1000. How do I make this work for me in the short term?' Maybe you will understand me more if you read every single post of mine. My scenario is simple. I just need to know the best way forward with £1000 that could potentially provide a weekly income; assuming all strategies, knowledge, Risk Managements. Tell me Foxy, with £1000, what will make me the quickest income if all other boxes are ticked; i.e knowledge, Risk etc. Thanks. I can't read your post again, if i don't understand what you're talking about.! I've admitted my numbers were off, but mostly due to a mix up with Dollars and Pounds. i bought in Pounds. Pinterest is in Dollars. As far as i can see this is the only confusion. Thanks gain.

@Foxy Hi bud, yeah my numbers are well off aren't they, but the starting figure of £1000 is the same. I've been using the Demo for 2 months and went life for 2 weeks where I lost £400 on a £1400 account. I've posted my wins using the demo, but didn't adjust for the smaller account so lost about 70/30. I left with £1000; £400 down, to buy Pinterest shares @ $24. The shares price rose from $24 to 436 where my profit on 45 shares was approx $650. Apologies for mixing up my Dollars and Pounds inthe euation, but the principle and answer to my question remains the same. With a £1000 account, using the same stock, which method 9SB vs Share Dealing) would create the most profit?) All other things equal. I don't actually follow what you've posted above I'm afraid. the deciding factor is the £1000 limit. This buys what i have stated above. 44 shares of Pint @ $28.71. The best i could do using SB and £1000 on Pint was £1 per point again with the figures above. A Margin of £730 roughly and a Stop Loss of £200, or 200 pts. My point has always been to find out. what makes the most money, all other things equal. My findings show that SB creates the most profit, but carries the most risk. Unless I've really mis-understood it, which at this stage, is likely. lol. Thanks for adding to my knowledge base

In hindsight and upon reflection, it's still safer to buy the stock, don't you all think? If I only have £1000 and my entire account is now tied to the trade (not to mention, i'm already starting negative with SB because of the spread) then i can't do anything till it moves up. So both scenarios lock away my Capital. OK, so I make 2750 using SB, and about £2200 on the shares, but the fear and potential to lose it all if it drops more than 200 points is scary, especially considering it dropped 1000pts last week. If the shares dip, they can literally go down to 10p, but always they can go back up. I've still a lot of research to do it seems.

Right, to end my question I've worked out the equation with something i know the value of. Pinterest. If I bought £1000 worth of Pinterest @ $28.71 I would get 44 shares. If they doubled to $58 per share (theoretically) obviously my £1000 would become £2000 or slightly more. With Spread Betting and only £1000, I could only go £1 per point. Stop loss would be around 200 points or £200 and the Margin around £700. Therefore the Stop loss and Margin equates to the total £1000 in the account. The potential return however if the stock then rose to $58 is around £2750! And it's tax Free. So there it is. I can make more Spread Betting. However, this of course only allows for a limited stop loss and a potential loss of the entire account failing Risk Management. Point being, if I apply all rules learned to Share Dealing, then a breakout can still occur in Spread betting too and then greater profit and or Loss. Pinterest came down 1000pts from 36 to 26 so the potential is to lose the entire £1000 Spread Betting.

I'm still missing something in what I've learned over the past month or 2. These guys that are dealing Shares. I'm not actually sure if they literally buy and sell shares, or are speculating. Some of them talk of Shorting, but you can't short your own shares, so they must be speculating. While others must only be literally Buying Stock and Selling it at a profit. i think I've got too many sources of info and they're conflicting with one another.