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Trevbeats

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Posts posted by Trevbeats

  1. Cassy Thank you for your support.

    I have tried to ring the London office but no one is picking up?

    I have a mac and an Ipad which I trade from. I take it IG support Apple? and if so would it be the same way you explained to dowmload the MT4 sir?

     

    Thanks again

     

    Trevor.

     

     

  2. Tricky one mate. This is why stops help unless you are scalping and infornt of the screen. Yes I agree there will be a correction its when is the big question? Remember this, might help: 

    Markets are like a lift going down but then users the stairs to go back up. Good luck and let me know how you get on?

    TreV

  3. On 01/10/2018 at 10:38, Mercury said:

    Thanks for the comments @elle  I am not sure if your chart is supporting my assessment or suggesting a bounce off your hashed line is showing a Bearish move.  It could certainly be the case that GBP (and EUR) has put in a more shallow retrace and is now on it's way into that LT motive Bear move I was talking about.  A break of the recent lows would confirm this for me.  At present I still favour a higher retrace for both EUR and GBP but let' see...  Right now we are seeing some buying pressure on both GBP and EUR but I am not sure yet if the Wave B is done.  Got to be patient as these moves develop and wait for the trade triggers...

    Very interesting and long term chart analysts Mercury. Why is it that we think that charts follow these types of patterns? Would It be right that traders have the maps "CA" and we all tend to follow? Please inlighten me your thoughts? Good work on the history plotting.   

  4. 15 hours ago, nit2wynit said:

    @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.
     

    £500 Margin/Acccount size ? Please explain 

  5. That is good to here Dmedin. If it is done right yes you can do well. My only gripe atm is I have switch from ozzi acount  to a Uk spread account. However finding realy tricky to trade on a 10k account as margins are just stupid!   where as margins are so much better to trade with overseas and done realy well ITM. Maybe i should of stuck with the uk acount when the esma rule kicked in last year. That been said I can still trade with the ozzi account but the word is esma ozzie rule is coming tho them as well. Help ?

    • Like 1
  6. 1 hour ago, dmedin said:

    I am trading, have been for about a year.   I've got a UK account yes.  When you set up an account with a UK broker now you have to provide a National Insurance number, I don't remember having to do that last year.

    I see I guess that’s because of tax reasons....? I heard if it’s a spread betting no tax will come back and bite you but if it’s cfd account then your liable.. how are you doing hope your in the money.  I going live soon, it’s just the high margins in a uk account which puts you off.....esma rule...graaaa.

    TRev

    • Like 1
  7. 3 hours ago, dmedin said:

     

    Suppose you'd bought shares in an S&P 500-tracking ETF and left it for three years.  The value of your shares would have increased and you'd have extra money in the form of quarterly dividends.  And that's without doing any work at all (except perhaps reinvesting your dividends twice a year).

    The question I often ask myself is, will three years of trading perform as well or better?  Because if it can't, then what's the point in doing it?

     

    3 hours ago, dmedin said:

     

    Suppose you'd bought shares in an S&P 500-tracking ETF and left it for three years.  The value of your shares would have increased and you'd have extra money in the form of quarterly dividends.  And that's without doing any work at all (except perhaps reinvesting your dividends twice a year).

    The question I often ask myself is, will three years of trading perform as well or better?  Because if it can't, then what's the point in doing it?

    Yes does make you think,  but I’m sure the %out ways doing it for yourself....I wonder if one could ask the question out of all the IG clients how many of them do well if done correctly at trading. Are you trading now and with which account uk all overseas if you don’t mind me asking.

    regards

    Trev..

  8. Thanks buddy for your feed back.

    It seems that I am running away from one account to another? If the ozzi esma rule comes into play what will be left to switch too SWISS? I will need a large cap if i go back to uk account and spreads would be more likly as no tax is involed.

    Just my luck I am so getting ready to fire the trigger "live" but it is  going against me again!

    3 years of study I hope it is not wasted...Can I ask do you trade? and if so what set up account do you hold?

    I know how to trade got my plan ready; however retail traders are getting the push out of this market...seems all one sided from the big banks.

     

    Trev.

     

     

     

  9. On 12/04/2019 at 18:46, TrendFollower said:

    @nit2wynit,

    I agree with @Caseynotes in that start with the smallest bet size and if the trade moves in your favour and you are trading with a trend getting stronger then you can always add to your position on any dips. For now I would suggest stating at the lowest amount possible and building a position based on strength. 

    In terms of picking an asset then it really depends on which market you have a better passion for, a better understanding in, a greater interest in, etc. There will be volatility in all different assets whether they are indices, FX, commodities, etc. I would avoid Cryptocurrencies unless you can stomach 'gut wrenching' volatility! Not all traders can.

    The 'elephant in the room' is stop losses and your risk tolerance and risk management strategy. If you are a day trader or short term trader then I can understand the need for tight stop losses to ensure you make lots of small profits. I get that. If you are a trend follower like me who holds positions for days, weeks and months to ride the longer term trend, a tight stop loss is no good. It needs to be more wider. Traders have to determine their time frame and set their stop losses accordingly. A lot of traders get into a pickle with this. They are trading the right asset at the right time but volatility is stopping them out. Having a wider stop loss is not all bad if you are trading on the right side of the trend and the trend is getting stronger in your favour. Once in profit then a trailing stop can be set ensuring you always exit with a profit. It is when the trade moves against you due to inefficient entry points that makes stop losses crucial. A trader can only get away with making lots of small losses if they make a few big profits which covers the losses as well. Otherwise all a trader has to show for is lots of small losses. This leads to a slow death!

    This is where a trading plan, trading strategy and trading system is crucial. There are still many traders that have neither of these things and these are the traders that seem to struggle when it comes to trading. 

    Can I say I normally as day trader  90% dont use stops but only if i'm in front of the charts! Yes this can be very naughty however most of my trades gets to my limits/profit as I am not greedy.  If I do place a stop loss in anyone of my trades it seesm to hit it.... I have come to realise and agree with casynotes that if you use stops must be quite wide and take lower position. I do have a strategy plan the main ones that helps me in profit is strong trends and scalping but aways study the  charts 1st never ever at a whim as that is taken a gamble. Hope this helpes:Ok Started with 20k demo now I am at 113k in 7 months but as my capital got bigger so did my positions hence the account got bigger.

    Now I feel I am ready to go live!!!

    Couple or more questions: If anyone can help and advise? 

    So now that I have a plan to full on I am thinking of how much to start with in my capital?

    2k or 20k Ok....

    if I start with 2k do you think this is rerealistic to build on this?

    If I start with 20k does this make better sence as you need leverage?

    Next: I have opted for the Aussie account due to low margins however it's only on CFDs only therefore I would be subject to tax right? I would much prefer a Uk spread betteing account but as we all know about esma rule the margins are just redicloius. I will appreciate any feed back.

    Regards Trev.   

    • Like 1
    • Great! 1
  10. Ok I just think I will be stopped out with a low capital... Ok So if i did put in a £1000 where do you find your low value stocks to trade with at 1-2 or even higher? Just to let you know I am on the Aussie account as the leverge is good. Esma rule stinks!! thats why I moved my account..but i hear its coming to the aussie soon so i will switch to the slizze

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