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jlz

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Posts posted by jlz

  1. 4 hours ago, Navarone said:

    It may be worth a read but if you look at bed availability, using data supplied by the NHS themselves, the argument has no standing. And IIRC the total number of beds available this year is less than previous years.

    I choose to believe published NHS data over an unproven tweet. With respect. 

    Hi Navarone, you can't come to this thread with reliable data and proven NHS facts. Mr Casey has been sending memes and ultra-conservative tweets for over 2 months. That was hard work and can't be smashed in a single post. He now will reply with another 20 memes and dodgy screenshots to argue your point.  

  2. 3 hours ago, DavidUK84 said:

    . . . . . .does anyone know if there's any way get around the imminent ban on trading crypto assets?

    I've been quite succesfully using the Crypto 10 index as I was reluctant to pile everything into a single cryptocurrency that may or may not see widespread adoption. Does anyone know if there's anyway for a UK resident now to trade these assets other than buying them directly? (I'm not eligible for "professional" status).

     


     

    Oh and if anyone from the FCA ever reads this - reign in your egos and stop treating adults like children. All you ever do is make my life more difficult.

    The Crypto 10 index shows a spread range between 30 to 40 points plus a margin factor of 50%!!

    Are you not better trading another index? 

    I hardly see the point of trading that crypto index when there are much cheaper options available. 

    What makes that crypto index that interesting?

    • Like 1
  3. 46 minutes ago, 786Trader said:

    The Fed wants to ban it or tax it. No central government likes crypto as its a form of financial anarchy. 

    Financial Anarchy: one of the main fallacies of Bitcoin.

    You are that independent holding bitcoin that anytime you want to buy it or sell it have to go through an exchange using your full identity. With all sort of passports and ids checks.

    Let's not forget that the main goal of many bitcoiners is to amass as much of the correlated fiat currency as possible. With the romantic topic of becoming a blade runner paying in SHA-256 hashes to other elite individuals you watch how your virtual coins grow in value, that value that is established in that so-hated fiat currency. The happiness of a bitcoiner comes with the grow in price of that coin in the exchange. The more coins of the fiat currency they get from their bitcoins the happier they are.

    So it is all cyberpunk literature with a bit of TAZ philosophy, but bitcoin is no more than a very volatile "financial product", unfortunately , and since I am surrounded in IT departments by bitcoiners I am so tired of listening to people excusing themselves for choosing this overhyped movement over any other FX pair or metal.

    I understand that people want to get rich quickly and that is why they chose bitcoin, but they want to get rich by grabbing more and more of that fiat currency that they hold in the bank accounts. So let's be honest with ourselves, let's cut the rubbish and call it like it is: Greed on a very volatile market.

     

  4. Hi, my 2 cents.

    Regarding "All sessions" https://community.ig.com/forums/topic/3364-what-is-all-sessions/

     

    It is wise to break down your entries into multiple companies to diversify your risk, but bear in mind that you are not accounting commissions and dividends. With 1K including commissions per trade you might not be able to trade in those 14 companies.

    Also think about that you are selecting US companies, that will require to prepare your account to trade in the US. If your account is in pounds you will have to account the conversion rate into dollars on every operation.

    I would suggest if you are starting that you should keep it to companies in the UK that pay dividends out. At least for a couple of months until you get familiar with the platform and its routines. There are many posts in the forum from people that complain about how things turned out after completing a cycle. They basically didn't understand commissions so their strategy started to fail after they realised how the platform worked.

    Also I think that 14 companies might be difficult to track at the beginning. People that make it in this game trade 2 or 3 markets that know very well and sometimes they expand to a 4th or 5th if they see the opportunity.

    It is as well wise to keep some remaining amount in the account, so I wouldn't trade the full amount into your selections, your trades might go against you and if you keep an amount as an insurance you will be able to handle price moves in a more efficient way. Maybe keep 500 out of those 1K as an insurance in case things go wrong.

    Good luck !

  5. 11 hours ago, Caseynotes said:

    true, because in 2030 under the WEF  2 + 2 will = 5

    Does this mean that your ultra-conservative conspiranoia will last for 10 years? Can't we have a great reset before that? I thought the end was near, now we have to wait for a decade? 

    Come on... You gave us so much expectation that I was even thinking about to start digging a bunker. I even have my lot of sardine cans ready.

    Now I have to wait  for 10 years. Man, this is too much.

    • Sad 1
  6. Day trading is one of the most intensive and time consuming ways of trading. If you have to spend your time on a daily job I wouldn´t  recommend that path for you.

    There are other ways of making a transition from your job to a full time trading desk. Maybe taking a slower approach that would require checking your platform once or twice a day would be better. 

    I also have a full time job and I don´t consider day trading for the effort that I have to make to get it done. I don´t think I would be able to make it.

    • Like 2
  7. The ones that are successful trade in a very specific way:

    - Scan for markets daily to pick opportunities. They don't trade the same market everyday. Normally to spot sideways markets that are reaching ranges so they can catch a reversal. 

    - Trade only at specific hours, i.e when markets open around the world: 8 am, 3 pm , 10pm. Mainly looking for best price action.

    - Open both sides of the trade using pairs trading. They aim to catch a trend in the opening sacrificing one of the sides. 

    - Ignore indicators. There's too much noise intraday to get a meaningful signal. 

    - Very strict size management. Never chase loses. They aim to make small profits daily so they can build up an insurance for the losing days. 

  8. Why would you create a pdf when you can just share the 'trading analytics' that are provided with the live account?

    You also can export your trades to a CSV file and share it as well. That will show times, markets, sides and sizes. 

    Even better you could record a video that shows your performance for the whole year and we can see if you just weren't lucky for a few weeks.

    I don't see the point of creating a GitHub repo where you can cook your own pdfs to look amazing. 

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