Stocks & Shares & that

[Baz]

Anyone else on Trading212? I've just signed up with a tenner to have a go with and see what it's all like. Figured if I lose it then it's not the end of the world. Anyone got any shares insights they wish to, ahem, share? :henn0rz:

If you sign up to this app through my link and join Invest or ISA and invest at least £1, we will both get a free share worth upto £100. Here's my link: http://www.trading212.com/invite/FzFsneBk

Cheers if you use my link. We'll both get a free share within 24 hours. Feel free to just download the app without using my link too, if you want to get involved but don't want a free share.

[Kikó]

Of course you're doing a fucking referral link.

Yes I'm on it and everyone should use my link instead.

[Boydy]

A tenner? Calm down, Wolf of Wall Street.

[Spikey M]

It's completely pointless. Even if your selected stock sky rockets you'd only gain enough to buy a pint.

[Baz]

Just finding my feet first. Besides, it’s not payday til Monday.

[AyDee]

It's easiest just to stick savings in a Stocks and Share ISA and forget about it. Moneyfarm/Nutmeg decent.

[Kikó]

It's completely pointless. Even if your selected stock sky rockets you'd only gain enough to buy a pint.

I received a National Grid share (worth £9.50) and Bank of America (worth £20) so not quite.

[Spikey M]

I received a National Grid share (worth £9.50) and Bank of America (worth £20) so not quite.

I meant investing £10 on the stockmarket.

[niko_cee]

Just remember to sell your pumpkin futures BEFORE Halloween.

[Baz]

Cheers whoever got me a free share in Under Armour.

[Giggles]

https://www.forbes.com/sites/sergeiklebnikov/2020/06/17/20-year-old-robinhood-customer-commits-suicide-after-seeing-a-730000-negative-balance/amp/

[Luca]

Buy broad market ETFs not individual shares if you have limited investment capital.

research on that!!1

[7om]

I read Giggles’ link and I’m still none the wiser despite the author’s attempts to explain what happened to that kid. I would fancy a dabble at this but I’m totally clueless.

[Giggles]

It’s Forbes, it’ll never make sense.

[Mellberg]

No point investing a tenner. Scalp/swing trade on an index with the lowest spread at that particular hour (if the market is open the spread is lower). DAX in the morning, Dow in the afternoon/evening and ASX at night.

[Baz]

Scalp/swing trade on an index with the lowest spread at that particular hour (if the market is open the spread is lower). DAX in the morning, Dow in the afternoon/evening and ASX at night.

I understood none of this. Hence me only investing £10 to start.

[Ian]

A new most boring thread. :drool:

[Spikey M]

I understood none of this. Hence me only investing £10 to start.

Buy low, sell high.

[Pepe]

I have a sure thing coming up soon. Once it is going, its gonna go fast though, so you need to be quick. PM Bam for more info.

[Mellberg]

I understood none of this. Hence me only investing £10 to start.

Depends where you want to go with it. If you're just pissing about with small stakes then it doesn't really matter. If you're thinking of developing and increasing size over time then get your hands on some beginners books on technicals, fundamentals, psychology, strategy etc. Investopedia's good too.

[Manc]

Is this your job, Mellberg or just a hobby?

[Mellberg]

At the minute it's my job out of necessity more than anything, but looking to turn it into a secondary income. Took voluntary redundancy in Jan.

[Manc]

Fair play.

[Lofty]

My mate has put me on to an Australian company called Greatland Gold PLC, quite cheap at the moment but ticking along nicely.

[Pepe]

Is it a sure thing?

[Kikó]

Free money.

[Pepe]

How do I get on it?

[Kikó]

Send me $50 and I'll place it.

[Lewis]

https://i.imgur.com/jNvhgvn.png

'The Thrill Doesn't End Here.'

[Mellberg]

It's doing very well, but massively overbought on every indicator across every timeframe. I use RSI, MACD and stochastic. Sometimes it'll just continue regardless if the fundamentals are absolutely all singing and all dancing, but more often than not will retrace and this is due one before it pushes higher (if it does) imo. Could just be a pump and dump. Be wary. Don't know anything about the business.

If you're going to buy, wait for those indicators to level out and have another look.

[Boydy]

Anyone paid any attention to the Snowflake IPO today?

[Mellberg]

This is no guarantee and it's not free money, but I'm looking for an entry on Rolls Royce. If it drops down to 80, perhaps 75, I'm in, as there is short term selling pressure as per stochastics and MACD, so probably best to wait for a pull back. Daily charts imply a retracement upward after strong fall last week. Just shy of 100 and touching the previous lows looks very probable, whilst if you're feeling ballsy then 140/150 is in range and below the daily 100 moving average. 200 moving average is unlikely, although a post-covid boost will see a strong rally (especially in aviation) and might bring that in to play. Personally I'll be out as soon as the daily stochastic and MACD shows weakness. I'm looking at 80 as that's where the four hourly 7 moving average is, as well as today's pivot. 75 is the four hourly 100 MA if it shows further weakness at 80.

Put a stop loss below the lows (64.78) and be wary of the times we're in and that this is aviation, so don't go risking money you can't afford to lose, but technically charts have to retrace and revert back toward the mean and this is gaining momentum :thbup:

[Kikó]

Mellin, you've come so far. :-*********)

[Mellberg]

Thanks :rave:

Although now I've shared this I'm naturally going to be proven catastrophically wrong :D

[Boydy]

https://i.imgflip.com/4kzd31.jpg

[Offshore Toon]

In Mellin we trust.

My mate put me onto NIO a couple months ago and that's been going very well.

[Mellberg]

Boydy, stick your fiver in and pipe down.

[Mellberg]

In Mellin we trust.

My mate put me onto NIO a couple months ago and that's been going very well.

Nice :drool:

[Boydy]

Boydy, stick your fiver in and pipe down.

:D

Where'd you learn all this stuff?

[Sir Andy Mahowry]

Inmates are expected to learn some new skills.

[Mellberg]

:eyemouth:

Self taught. Bought a few books, plenty of videos online. Best to start with a paper money account though and learn the ropes. First point of call: indicators, psychology, strategy, technicals, fundamentals. I wouldn't start putting money in before having a decent grasp of those as a minimum.

[Spikey M]

I'm just glad the prison jokes haven't got old yet.

[Mellberg]

Inmates are expected to learn some new skills.

I'd get involved, Mahow. You've not been in work since The Office.

[Mellberg]

It's doing very well, but massively overbought on every indicator across every timeframe. I use RSI, MACD and stochastic. Sometimes it'll just continue regardless if the fundamentals are absolutely all singing and all dancing, but more often than not will retrace and this is due one before it pushes higher (if it does) imo. Could just be a pump and dump. Be wary. Don't know anything about the business.

If you're going to buy, wait for those indicators to level out and have another look.

Down 11.52% since this post :drool:

[Raoul Duke]

Astrology for the middle class :nodd:

[Alex]

I'd get involved, Mahow. You've not been in work since The Office.

:D

Well played.

[Offshore Toon]

Rolls Royce flying up today.

[Mellberg]

Hope you're on lads :thbup:

[Offshore Toon]

At what point are you thinking of selling?

[Mellberg]

Depends what you're looking for. It's probably a good long term investment with the weekly and monthly being oversold, but like I said before it's predominantly aerospace in a pandemic. I've just took half after it broke 100 and am gonna let the rest run. Stop loss moved to entry point. Daily 100 MA is at 125, which it might push toward short term, but 100's a big number in a downtrend and nothing guaranteed from here.

Gut instinct is it pushes further though.

[Mellberg]

Hold.

[Spikey M]

That's the first post of yours that I've understood in this thread.

[Offshore Toon]

Let's just turn this place into an investment forum with Mellin as King Admin. #PhonicsOut

[Offshore Toon]

Right back down again to 100. I've been watching keenly just to try and learn something, but I have no idea what's going on.

[Jimmy Floyd]

It's all vaccine isn't it?

[Sir Andy Mahowry]

That's the first post of yours that I've understood in this thread.

Indeed.

I just don't get the lingo.

[Kikó]

Their share price is up 47% today v 4.90% on the FTSE100 so likely as it gives a path to a return to aviation.

Other news: https://www.thisismoney.co.uk/money/markets/article-8926985/Rolls-Royce-led-consortium-seals-nuclear-deal.html
https://www.thisismoney.co.uk/money/markets/article-8926985/Rolls-Royce-led-consortium-seals-nuclear-deal.html

[Mellberg]

It was going up from 69 whatever the weather, but the vaccine's probably pushed it a further 30/40 pips north.

Offy, it'll always pull back from 80% up no matter what. The trick is identifying if it's profit taking from the day's trading or a reversal and start of a new downtrend.

[Raoul Duke]

I work for a travel company and our stock has rocketed up today. Zoom's on the other hand, not so much (still up massively if you'd bought earlier).

[Spikey M]

I've been reading and watching videos about the Stock Market this week and I've decided to give it a go with my savings.

I've gone for Pfizer, as they're currently dipping off the news of the other vaccine, but I reckon they'll bounce when the vaccine actually starts circulating.

I've also chucked a load at Dutch Shell B (Shell A has some Dutch tax charged on it that B doesn't apparently). Their stock is down about 50% at the moment but that will recover as we move into a post lockdown / Covid world too. Plus they pay ~6% Dividends.

Lastly I put £50 into Pyxis Tankers after their price dropped massively due to their chairman whinging about lockdowns under Biden. That one might recover, might not. But I reckon I pretty much own the company now either way.

Kind Regards,

Spikey Mellin.

Edit: does anyone have any decent sources on the tax implications of all this? I'm assuming it's all taxable upon selling your shares and there's some dickhead forms to fill out or something?

[Boydy]

What platform are you using for it?

[Spikey M]

212. It seems alright. There's probably better around but it's simple for a beginner. I only remembered Baz's referral link after registering, sadly.

[Spikey M]

However, if any of you do want to get rich with Spikey, hit the link **BELOW**

Do you want to get a free stock share worth up to £100?

www.trading212.com/invite/Gvd9WLWi

Don't forget to smash the like button and subscribe.

[Don]

You got £2k allowance on dividends before tax kicks in for that. And you'll need to start filing tax returns if you got income from sales of shares so that you can pay the correct CGT on it.

[Yevrah]

You're allowed £12k of capital gains in one tax year before you're taxed, but I believe the government are looking at changing that.

[Spikey M]

Cheers. I can't see me hitting those levels for a fair while so no bother for now.

[Mellberg]

When are you buying?

[Spikey M]

When are you buying?

As in time of day? Just whenever I get a chance.

[Mellberg]

I'm out at the minute. I'll be home within an hour or so. Hold fire until I get back and I'll put a post together for you.

[Spikey M]

I'm out at the minute. I'll be home within an hour or so. Hold fire until I get back and I'll put a post together for you.

Cheers.

[Mellberg]

https://www.ig.com/uk/spread-betting/spread-betting-vs-share-dealing

That's a good link for information on spread betting and share dealing. You probably want the latter if you're investing and have enough capital.

As for specific trades you've listed, Shell B is the best one I've looked at technically and is about as strong a setup as you could hope for. What I mean is:

https://i.postimg.cc/qhSnbMry/Shell-2.jpg (https://postimg.cc/qhSnbMry)

That's a monthly chart btw.

Black circle - Stochastic which was oversold (below the 20 line) and is now breaking back through.

Yellow circle - Moving average for MACD is starting to push back toward the higher line which signals a possible change in momentum.

Blue circle - Histogram, red bars returning back toward the 0 line and then may break through into positive territory

Red circle - Strong price movement upward this month and has just broken through the first moving average (7MA), which is the first line on the chart and can be seen inside the circle.

You want a technical set up just like that. It's a good time to buy and if you have positive news thrown in, such as no extension of a lockdown at the start of December, then that could really push back through toward the other moving averages further up (yellow, black and red lines...50, 100 and 200 MAs respectively) over the next 6 months to a year. Switch on stochastics and MACD with whichever dealer you choose to use and check Pfizer. You don't have that same technical support. I'm not saying it won't go, but there's less room for a breakout to the positive side.

Hope that helps and doesn't confuse the situation. Any questions then ask :thbup:

[Spikey M]

Cheers, but further research clearly needed :D

I'll have another read through that tonight and look up some of the terms I'm not familiar with. Who knew becoming a multimillionaire was this complicated?

[Pepe]

https://mapsaboutnothing.files.wordpress.com/2013/03/105-stock-tip.png?w=300&h=225

[Lewis]

I was reading about oil a month ago at work and wondering why people weren't piling into them at least as medium-term bets. What started it was Ambrose Evans-Pritchard declaring the majors dead. He is always wrong about energy/technology (thorium power any day now), and sure enough...

[Mellberg]

Cheers, but further research clearly needed :D

I'll have another read through that tonight and look up some of the terms I'm not familiar with. Who knew becoming a multimillionaire was this complicated?

:D

Translation - buy Shell B. I might join you.

[Mellberg]

I was reading about oil a month ago at work and wondering why people weren't piling into them at least as medium-term bets. What started it was Ambrose Evans-Pritchard declaring the majors dead. He is always wrong about energy/technology (thorium power any day now), and sure enough...

Tesla's share price is interesting and you'd think strength in that sector would see diminishing returns in oil, but US Crude has its cock out big time, so not done yet.

[Lewis]

Writing oil off always strikes me as a bit Western-centric. Even if we stopped burning it, there are still a million and one consumer uses for it and only ever more people moving into those markets. Besides, the companies are the obvious candidates for moving into hydrogen with all their existing infrastructure, so I don't know. Tesla is a definite Ponzi scheme though. I'm not hearing otherwise.

[Mellberg]

I'm sure if you were to short oil itself at these levels you'd get paid big at some stage in the not too distant future. The businesses themselves will probably just restructure as you say. I don't know the details, but I'm sure they have transitional plans in place. That's all too far in the future to have any bearing on Shell at this stage though.

Anyone buying Tesla at that price is mad, but there are plenty at it. Suspect it's mostly short term trades thriving off the volatility.

[Foe]

They’ll follow the first mover in some way, shape or form.

Oil will be run by private equity funds in the North Sea over the next decade or so as the big operators switch targets for PR and longevity and let other people with lower overheads turn a profit and take the risk of late field life.

Chevron jumped ship and ConocoPhillips tried to do the same.

Unless someone is willing to foot the bill to build the infrastructure to support and utilise all these mooted renewables projects the plan will stall.

There was already a surplus of oil pre Covid, I dread to think what the status is now after 6 months of barely anything moving and, for the most part, the barrels still pumping.

[Spikey M]

Having had a look through that link, I'm definitely taking the share dealing approach. My finances would probably suit spread betting better, but I'm not a fan of the level of risk. That said, with Shell I'm definitely not planning to sit on it. As soon as they recover to around their pre-Covid value I cut, run and stick the money somewhere more stable.

I'm not expecting to make life changing amounts, just tired of my money sitting in a sub 1% savings account doing nothing.

[Lofty]

Are these 'just copy someone's trading portfolio' companies a scam/not very effective then?

[Mellberg]

They’ll follow the first mover in some way, shape or form.

Oil will be run by private equity funds in the North Sea over the next decade or so as the big operators switch targets for PR and longevity and let other people with lower overheads turn a profit and take the risk of late field life.

Chevron jumped ship and ConocoPhillips tried to do the same.

Unless someone is willing to foot the bill to build the infrastructure to support and utilise all these mooted renewables projects the plan will stall.

There was already a surplus of oil pre Covid, I dread to think what the status is now after 6 months of barely anything moving and, for the most part, the barrels still pumping.

Cheers :thbup:

Spikey, FWIW with leverage you can't go negative (as long as it's not a professional account), so would never end up in debt. Only problem is your margin for error is reduced. Probably best to play safe with share dealing.

Wait for a pull back before you buy btw. Just had two weeks of US election/vaccine buying. Daily's overbought. You should be able to get it between 1000 and 1100. 1060 looks more likely than not (daily 100MA).

Unless it just explodes north. If that happens, soz.

[Lewis]

There is a Jeremy Kyle Christmas special ready to go for one when you blow the savings on the word of some internet ex-con Idiotmouse.

[Mellberg]

Get on the train Lewis you soft shit.

[Spikey M]

If my son has to wear my daughters hand-me-down's, it's all on you mellers.

[Lewis]

Is this your long-term job now? If so, are you going to keep doing it yourself, or will you try getting into a 'proper' position?

[Boydy]

How much are you making from this, Mellin? And how much did you start off with?

[Don]

Have we replaced Boydy with a reddit bot looking to harvest CVs and financial info?

[Mellberg]

Is this your long-term job now? If so, are you going to keep doing it yourself, or will you try getting into a 'proper' position?

I'm trying to get to the point where it's my only source of income. Not there yet though.

Boydy, would you like my waist size and phone number with that info? :eyemouth:

I'm sharing it on here because this is a forum full of intelligent people and if you're prepared to work at it and have discipline you can make a fortune. It would benefit me too, as we can all share ideas and opportunities. You could feasibly build from a grand, Boyd. Probably less, but you need to start well. If you stuck a grand on the FTSE @ 5500 at the start of the month, and the signs for reversal were all there in the indicators and fundamentals, and then sized up with your profit (put more on as it spiked up from your earnings) you'd be on about 5/6k within two weeks. Admittedly that's a big swing, and I'd only be that aggressive at the beginning, but those opportunities come along quite often and if you're prepared to mentally write the grand off and take the risk you can build a really nice account from there.

[Boydy]

I'm just curious, sorry.

I've been thinking about starting to throw some money into some tracker funds because I'm not sure I'd have the discipline or patience to invest in individual stocks.

I should probably just be putting everything spare towards a house deposit though.

[Don]

Apology accepted, just don't upset me again.

[Mellberg]

Aww, how cute.

A better example is probably the one I put in this thread rather than after eventing. Buy RR @ 75 for 1k. Scale up with your profit every pip and get out at saaaaay 130. I'd need Ital to do the maths, but your original trade is 4k+ alone. I think with scaling on top that must be closing in on the 10k range. Around 7k perhaps. That's in a day. Don't be that aggressive forever, but to start up it's what you need.

Join me boys.

[Yevrah]

I'm not expecting to make life changing amounts, just tired of my money sitting in a sub 1% savings account doing nothing.

I'm in exactly the same boat and am sorely tempted. Unless you're investing in whatever the equivalent of Betamax is, surely it's quite hard to lose money over the medium term.

As for Shell's shares, they're worth almost half of what they were in January, so seems like an absolute no brainer.

Mellin - If you had ten grand to chuck into this to start with, how would you go about it?

[Lewis]

The best investment you could make for ten grand is a pilot for your sitcom.

[Yevrah]

You might be right.

Used Spikey's link to sign up to 212 and I can't even find RDSb shares on there. :cab:

[Boydy]

This is gonna turn into the middle aged version of those gambling trains we all get on in the betting thread.

[Yevrah]

Very probably, although I don't think I ever got on one of those.

[Baz]

Used Spikey's link to sign up to 212 and I can't even find RDSb shares on there. :cab:
Fuck you all.

[Yevrah]

I wouldn't worry Baz, there was no mention at all of any free moniez to play with.

[Spikey M]

You might be right.

Used Spikey's link to sign up to 212 and I can't even find RDSb shares on there. :cab:

:hat:

It should come up just from searching Shell. Have you had any joy?

[Baz]

I wouldn't worry Baz, there was no mention at all of any free moniez to play with.

You get a free share each, worth upto £100.

[Kikó]

I mean not to piss on chips but why not invest in an index or robo investor which means you're not stuck at .1% or whatever. I've got some longer term investments at the moment but wouldn't have the stones or initial bank to make it worthwhile (plus every trade request needs to be cleared first so I can't just buy/sell as easily).

My nutmeg account for example has made time weighted growth of 23%.

[Jimmy Floyd]

I like to consider myself a reasonably intelligent man, but reading Mellin's posts makes my brain try to leg it out of my ears. I got as far as 'Blue circle - histogram' before the full short-circuit cut in and I got a five minute screensaver of myself lying on a tropical beach while a mysterious man with a Brummie accent gave me a full-body massage.

[Mellberg]

I'm in exactly the same boat and am sorely tempted. Unless you're investing in whatever the equivalent of Betamax is, surely it's quite hard to lose money over the medium term.

As for Shell's shares, they're worth almost half of what they were in January, so seems like an absolute no brainer.

Mellin - If you had ten grand to chuck into this to start with, how would you go about it?

Set up an account with IG. Sorry Baz, it's the best platform. Upload moneyz. They have a load of training information on there also. Learn the basics as a minimum. Don't just whack ten grand on something on a whim. If you're spread betting (no tax, better for short term) you need to use position size to protect against risk and a margin call (don't just whack 10k on). Also, when you're down, and you will be, it's easier to let 1k ride than 5k. Then when the trade starts to work for you, you can look at increasing size. As I've said before, best to open a paper money account first and learn the ropes.

Feel free to run everything through here and I'll point you in the right direction. Don't use the aggressive strategy I talked about with 10k though. That's enough to move forward without needing to do that.

[Spikey M]

Don't be a pussy Mellin. Short big oil Yev. Back our man Elon all the way.

[Spikey M]

No free share has shown up for me either Yev, so no idea whats gone on there.

But, if you put FMStoXkl in the promo box you will get a free share anyway. I just got 1 share of EasyJet.

[Baz]

Or maybe rather than using a random one off Google, use mine? :cab:

FzFsneBk

[phonics]

Thinking of signing up to specifically not use Baz' code and then shut the account down.

[Kikó]

No free share has shown up for me either Yev, so no idea whats gone on there.

But, if you put FMStoXkl in the promo box you will get a free share anyway. I just got 1 share of EasyJet.

Usually takes a day or so as they have to allocate the share.

[Offshore Toon]

(plus every trade request needs to be cleared first so I can't just buy/sell as easily).
I have this too but I'm sure if I ignore it and don't mention my activity it'll all be fine.

[Baz]

Thinking of signing up to specifically not use Baz' code and then shut the account down.

I don’t even have it installed anymore tbh

[Mellberg]

Back in on RR @ 101.32. S/L 99.5. Bit riskier and as usual no guarantees, but reason being is daily MACD suggests further upside. Low risk/reward ratio because of this:

https://i.postimg.cc/TyW4yPpk/RR.jpg (https://postimg.cc/TyW4yPpk)

Two diagonal lines which I've drawn and form a pennant. They are your support and resistance levels, hence the price continues to bounce off both sides. Has pulled away from the lower trend line slightly after a third visit, so S/L below the lows and hoping for a breakout upwards on it's fourth touch of upper trend line. Will add further size to trade if it breaks through. If not, a small loss. If it does, should hit 130, perhaps even 145. That's your risk reward lads and is basically the name of the game.

Fundamentals are good too, although not specific to RR.

https://m.investing.com/economic-calendar-/

CPI, PPI and RPI all beating projections.

[Spikey M]

2 massages in a day Jimmy?

[Jimmy Floyd]

"and form a pennant"

In fairness I do the same shit but for fucking golfers so I should probably just leave the adults to it.

[Yevrah]

I genuinely think we're going to need a zoom group to get our heads around all of this.

[Mellberg]

:D

Is anyone actually interested in this or shall I just shut the fuck up and let the thread die?

[Jimmy Floyd]

I'm interested (as a reader), I'm just not biologically capable of taking it all in.

[Boydy]

Actually interested yeah but can you maybe post a glossary or something.

[Yevrah]

Sorry, didn't mean to come across as condescending.

100% interested, it's just a bloody minefield. Which is reassuring in a way as if it were easy there'd be no money to be made from it.

[Spikey M]

:D

Is anyone actually interested in this or shall I just shut the fuck up and let the thread die?

I'm both very interested and very confused.

[Sir Andy Mahowry]

I like the colours Mellin uses in the graphs.

[Offshore Toon]

:D

Is anyone actually interested in this or shall I just shut the fuck up and let the thread die?
Very interested, Uncle Mel. I'm massively keen to turn this from a Football Manager forum into an Investment Manager one. Lets make the forum private and finally get along with a shared goal.

[Mellberg]

Roger :thbup:

RR not looking particularly strong, so I might close the trade soon. Wouldn't advise following in if anyone's considering it. Currently hovering around my entry point (no profit, no loss).

I'll try and post a glossary for any bullshit trading terms which need explaining in future.

[Mellberg]

Closed for a small profit. I'll have another look at it tomorrow.

[Offshore Toon]

What do you think of Palantir? I've seen a lot of buzz about it and tempted to get involved as a higher risk/reward shot.

[Don]

I would be willing to share my tips and tricks for conducting trains for a negotiable fee. Here's a free trial to see if it's of value:

The long passages of text and theory are required but need to be tidied up and only provided as supplementary information to the crux of the matter.

Said crux needs to be a short and potent snapshot. In these cases, what you want to do is relate every lesson to a tip/transaction e.g. Buy RR @ 75. Exit @ 130. Stop-loss@ 65

Also, you need to fillin the blanks and take mans through the entire process.


Aww, how cute.

A better example is probably the one I put in this thread rather than after eventing. Buy RR @ 75 for 1k. Scale up with your profit every pip and get out at saaaaay 130. I'd need Ital to do the maths, but your original trade is 4k+ alone. I think with scaling on top that must be closing in on the 10k range. Around 7k perhaps. That's in a day. Don't be that aggressive forever, but to start up it's what you need.

Join me boys.

I need to know what 'scale up with your profit' means. How does a less than 100% rise in price leave your original trade making 400%+ profit?

[Jimmy Floyd]

I thought he meant you get out at 1 pip up, take the profit, then put it all back for the next pip up, etc etc. So you're constantly increasing your stake as it rises. But I could be wrong.

[Mellberg]

It's all about price per pip. A pip being a point, so an increase from 75 (buy price) to 130 (sell price) = 55pips.

If you buy 1 share, which for RR at 75 (the higher the price the more expensive the share) equates to £15. So 1 share x 55 = £55 profit.

£1,005 buys you 67 shares @ 75. So to be precise that rise would've been 67 x 55 which is £3,685. The higher your exposure, the more profit, but naturally the higher risk. I don't max my account on trades, but if you're starting out with 1K I feel it's the best way to gain traction. Be patient, try to find the perfect set up and then be aggressive by scaling up.

By scaling up I mean if you've staked 67, then for that pip you gain £67. So at 76 you can buy a further 4.44 shares (67/15.2 as £67 increase and £15.20 per pip @ 76). Continue this process until you hit a major resistance, which is usually a moving average on a higher time frame (hourly/4 hourly/ daily).

And I repeat I'd only be that aggressive with a smaller account to gain some capital and if you can risk 1k. You get yourself up to 5k+ with one good move and you should start reducing your size as a percentage of your account (3% tops per trade is my rule, usually 1%). If I get momentum I'll consider scaling in, so increasing size whilst already in profit and with no risk (I'll stop out for zero at worst).

[Mellberg]

I thought he meant you get out at 1 pip up, take the profit, then put it all back for the next pip up, etc etc. So you're constantly increasing your stake as it rises. But I could be wrong.

Close. You don't get out as you have to pay the spread (distance between buy price and where you enter to pay the broker) again on your first trade. Simply leave that running and add a further trade with profit made at that stage.

[Yevrah]

Close. You don't get out as you have to pay the spread (distance between buy price and where you enter to pay the broker) again on your first trade. Simply leave that running and add a further trade with profit made at that stage.

This is the bit that confuses me. How am I leveraging profit that I haven't yet realised?

If I buy one share for £1 and it's worth £2 the next day I can't do anything with that additional £1 until I've sold the original share. Or is this where spread betting comes in and if so, how does that work?

You may have explained this above already, but like i said, minefield.

[Mellberg]

With spread betting you can use that profit as margin and invest it further.

[Mellberg]

On the negative side you want to ensure you don't get margin called, where a trade is automatically partially closed on your behalf. IG is best for this as they allow slippage and won't simply close the trade (partially) immediately. It's one of the main (many) reasons why once you've built account size you don't want to be sticking your whole account on a trade. You're right, minefield. It's hard work and there's a lot to learn, but it's rewarding if you apply yourself and have a knack for it.

[Yevrah]

Cheers.

The arrogant part of me that understands nothing of this thinks "how hard can it be - it's just shuffling numbers around a spreadsheet and I do that all day anyway", then the sensible part of me kicks in and I imagine what it would be like to have to rent rooms in my house out to cover my debt and unwavering addiction, while also doing favours for sailors as tenants alone will never be enough to cover the mess I've made of my finances.

On a more serious point, the shares in the company I work for are now worth more than double what they were 6/7 months ago and I missed the opportunity to make a genuine fortune because I didn't have the balls.

[Mellberg]

Yeah, it's definitely not easy and the early months especially can be challenging. You learn by doing and mistakes cost money.

I still kick myself for not going in heavy on tech in late March/early April. Had a real good look and bottled it. Would be a millionaire.

Having said that it's massively rewarding when you get it right both emotionally and financially.

[Spikey M]

Cheers.

The arrogant part of me that understands nothing of this thinks "how hard can it be - it's just shuffling numbers around a spreadsheet and I do that all day anyway", then the sensible part of me kicks in and I imagine what it would be like to have to rent rooms in my house out to cover my debt and unwavering addiction, while also doing favours for sailors as tenants alone will never be enough to cover the mess I've made of my finances.

On a more serious point, the shares in the company I work for are now worth more than double what they were 6/7 months ago and I missed the opportunity to make a genuine fortune because I didn't have the balls.

How would you get in debt? Are you planning to take the margin route? I'm only investing what I have, so the worst it can get is losing what I have. I don't have the balls to go any deeper than that.

[Mellberg]

What do you think of Palantir? I've seen a lot of buzz about it and tempted to get involved as a higher risk/reward shot.

Sorry, just seen this. Overbought so I wouldn't get involved personally. Not at this stage anyway. Has the potential to be a runner though.

[Mellberg]

How would you get in debt? Are you planning to take the margin route? I'm only investing what I have, so the worst it can get is losing what I have. I don't have the balls to go any deeper than that.

Margin doesn't equal debt. You could only get in debt by sourcing a loan externally (on retail accounts ie. not professional). You obviously can lose whatever you put in though.

[Mellberg]

Tesla's on steroids again.

[Foe]

Going to need to do some proper reading on this and start taking some risk here.

I’ve been shoving money into a bank account the last year or so but I’ll have the free time to read up on this jazz in the short term (weekends/xmas) so might as well work out what’s happening and crack on.

Think I’ll need to make myself some notes...

Useful resources appreciated.

[Mellberg]

Study:

Technicals
Fundamentals
Indicators
Strategy
Psychology

IG have a learning centre for the basics. Investopedia is good for getting lost down the rabbit hole. YouTube has a million videos.

[Foe]

Appreciate that.

[Lofty]

I think for the numpties amongst us (and I am very much in the numpty camp) Mellin should just quit his job and manage a hedge fund for us full time instead, creaming off commission as he goes.

[Spikey M]

Put yourself on the market (oi oi) Mellers and let us invest in you properly.

[Mellberg]

Lazy fuckers.

20% :eyemouth:

New York schools to close. Hello. Looking for shorts.

Short = Wagering that the market will go down Boyd you big spaz

[Don]

:rasta:

[Spikey M]

I knew that one. Margot Robbie taught it to me from her bubble bath and it stuck. You want 20%? Get those taps running.

[Boydy]

Lazy fuckers.

20% :eyemouth:

New York schools to close. Hello. Looking for shorts.

Short = Wagering that the market will go down Boyd you big spaz

I know that much ffs. It's the acronyms you keep littering your posts with that I want explaining.

[Mellberg]

Ahhh, okay.

MACD - Moving Average Convergence Divergence. It's an indicator which helps guide you with momentum and defining price direction.

RR - Rolls Royce. They build cars and stuff.

[Spikey M]

"Convergence Divergence". For fuck sake :D

[Lewis]

They don't build cars. You can have that one, but further research is going to cost.

[Boydy]

Yeah, isn't jet engines their main business these days?

Ffs, Mellin, you amateur.

[Lewis]

They're separate companies. When it was nationalised in the seventies the government spun the cars off from Rolls-Royce Holdings as Rolls-Royce Motors, and BMW own it now via Vickers and a lol mix-up with Volkswagen buying the factory but not the branding, which was still owned by Rolls-Royce Holdings, who sold it to BWM, who then shook Volkswagen down for the rest of it (not unlike their dispute with W.O. Bentley in the thirties).

[Mellberg]

Twas a joke and I know these tings. See page one.

Thanks for the further detail though :thbup:

[niko_cee]

I just checked in to see what convergence my divergence was in.

[Mellberg]

RR broke out on lower side of pennant. New York schools closing has changed the game, in the short term, across the markets. After such a strong bull run based on vaccine hopes, that is the kind of news which will reintroduce fear and check progress. FTSE close to 6330 at the moment. Expect further downside there. Also the Vix is stirring for the first time in a while and challenging the 50 MA on the 4h chart for the first time since 4th Nov. Quiet before the storm today imo.

Vix - Volatility index. Measures volatility in the markets. If it spikes you see strong moves south and wild swings. Best time for taking profit (and making losses without managing risk).

50 MA - Moving average. An average of the share price based over a certain time period, which is reflected by the number (number of days). The lower the number, the more responsive it is to moves. So a 7MA will move up and down with price, whilst a 200MA is more stubborn and holds its line for longer. Helps to define direction and they act as support and resistance (levels price bounces off. Support stops it going down, resistance up).

4h - Four hour. I try to watch different time frames as they all tell a different story. If you're looking for short term moves, then the lower time frames are more suitable. Longer term, go higher.

[Don]

I still need to go over your explanation of price per pip butthe above post is clear. Presume you're still talking about FTSE with regards to the Vix/MA?

I've handed my CV into Lewis to see if he'll hire me forthe Research team but one suspects there is still some significant slumps to come as a result of economic impact of COVID.

[Mellberg]

I just checked in to see what convergence my divergence was in.

:D

When momentum is slowing, the lines converge. When it's accelerating, they diverge. The terminology is more complicated than it needs to be as with most things.

Should be called the Moving Average Iny Outy for simplicity.

[Mellberg]

I still need to go over your explanation of price per pip butthe above post is clear. Presume you're still talking about FTSE with regards to the Vix/MA?

I've handed my CV into Lewis to see if he'll hire me forthe Research team but one suspects there is still some significant slumps to come as a result of economic impact of COVID.

There will be better explanations on price per pip out there than I can offer. Investopedia's good. I'd recommend following up anything I put in here with a read through on there.

The Vix is aligned to the US market, but we essentially salute and follow suit. There's an EU vix, but that basically follows the same path as the one across the pond. I use the yank version. And the 50MA I mention there is on the Vix itself. FTSE is challenging the 50MA on 4h, but south rather than north (which makes sense as strength in the Vix = weakness in the market), so if they both break (the 50MA) it's probably down toward the low 6000s. Possibly further, but that would take more bad news, such as an extended lockdown. Then we might see 5,800 absolute max (upper trend line of previous trend, which was broken over last couple of weeks). That feels too far away at this stage though.

All ifs and buts at the minute. I was short on the FTSE last night and am now out. If the Vix starts dancing and the FTSE breaks the 4h 50MA I'll consider another one.

[Mellberg]

May short if it pushes back to around 6345 also. Depends on price action at the time.

[Mellberg]

Anyone had a go yet, even with a paper money account?

[Spikey M]

I went in on Shell B for now. Up 4% yesterday. 0.10% today. School dodging yank cunts.

[Mellberg]

You impatient little slut. What price did you get it at?

[Yevrah]

Spikey, are you spreadbetting or just buying outright and hoping to make a profit on selling in the short to medium term?

[Spikey M]

You impatient little slut. What price did you get it at?

£11.73 (why do they do it in pennies? Load of bollocks)


Spikey, are you spreadbetting or just buying outright and hoping to make a profit on selling in the short to medium term?

Spreadbetting but I've just done Shell at the moment (and a free Easyjet share). Once I know a bit more I'm going to back an S&F and generally buy across as many separate sectors as possible. I just don't want to chuck everything at it until I have the alot more of the theory down. It probably sounds stupid but I had no idea how complex this stuff was. Everytime I learn something I end up with 5 new things to learn about.

[Pepe]

My index fund is up 20% since I got on it a few years ago and I don't need to talk like a wanker.

[Spikey M]

You definitely talk like a wanker, maneee.

[Mellberg]

That's 20% extra sombrero. Well done.

How far will your margin take you, Spikey?

[Spikey M]

That's 20% extra sombrero. Well done.

How far will your margin take you, Spikey?

Going to show my confusion levels here... everything I've read about 'margin' says that it's when you partially buy shares and get the rest on tick. Which isn't what you're asking? So now I presume Margin has 2 meanings?

[Mellberg]

Yeah, it's to do with leverage. Which broker are you using? If you have made a trade and maxed out your account, then your margin figure will be very close to your account figure. Depending on your broker it will close your trade partially once you dip below that immediately, or once you've pushed however far into it. Like I said I think Shell has further downside, as the daily is maxed out, before continuing upward based on the monthly. Just want to make sure you're not exposed to a margin call (enforced trade closure) by any pullback.

[Mellberg]

Wouldn't be a concern with share dealing, but spread betting it's something you must be very wary of. Hence risk management and stop losses.

[Spikey M]

I'm Sharedealing. Own the shares outright. Sorry, slip of the 'tongue'.

[Mellberg]

Ah okay, sound. Panic over.

[Spikey M]

Pfizer have asked for emergency permission to start rolling out their vaccine so I've gone in on them now. Should see a bounce if granted.

[Offshore Toon]

My mate is pretty confident IAG will bounce back quite soon. He's stuck most of his savings in.

[Spikey M]

I hope you man got in on Shell B. The bounce is on.

[Mellberg]

Yeah, most things are away now. Vaccine news, no extended lockdown. All volatility gone from the market for the time being. Should go up gradually for a bit. Just keep an eye on ze Vix.

I'm in on Rolls Royce, IAG and Cineworld. Lots of value. Cineworld's price has been absolutely shagged and is testing the major moving averages. One to watch if people want a really cheap entry. A return to previous highs from £250 would amount to approximately 8k. As always, no guarantees. Might take a long time, might never happen, but may be the right time to be buying the worst affected covid businesses.

Share dealing btw boys if you don't like the risk. These are now penny stocks, which equals potential margin calls on spread betting (small swings lead to big moves up and down in account). Less profit though.

[Boydy]

Yeah, most things are away now. Vaccine news, no extended lockdown. All volatility gone from the market for the time being. Should go up gradually for a bit. Just keep an eye on ze Vix.

I'm in on Rolls Royce, IAG and Cineworld. Lots of value. Cineworld's price has been absolutely shagged and is testing the major moving averages. One to watch if people want a really cheap entry. A return to previous highs from £250 would amount to approximately 8k. As always, no guarantees. Might take a long time, might never happen, but may be the right time to be buying the worst affected covid businesses.

Share dealing btw boys if you don't like the risk. These are now penny stocks, which equals potential margin calls on spread betting (small swings lead to big moves up and down in account). Less profit though.

How does that work? Current price is about 60p, previous high was about 320.

[Don]

Price per pip again, presumably. Someone link the investopedia article or something so we can resolve this.

[Mellberg]

How does that work? Current price is about 60p, previous high was about 320.

High is 742.1.

[Yevrah]

Is Cineworld at serious risk of going under?

[Spikey M]

Is Cineworld at serious risk of going under?

https://www.theguardian.com/business/2020/nov/23/cineworld-cash-covid-cinemas-660-movie-theatres-us-uk

[Boydy]

High is 742.1.

Where are you seeing that?

[Offshore Toon]

I'm on those three, Mell. Penny stocks it is.

[Spikey M]

May 2017

[Mellberg]

It could potentially go under, but I think the price will go up due to opportunistic buyers regardless. If it makes it out the other side you're probably laughing.

That isn't a 10k investment though. I've stuck a grand in.

[Boydy]

https://i.ibb.co/dfjXRXY/cineworld.jpg


It's never reached 400.

[Yevrah]

So tempting to whack a few grand into Cineworld.

[Boydy]

Why Cineworld is the UK's most shorted stock (https://www.thisismoney.co.uk/money/investing/article-8970417/Why-Cineworld-UKs-shorted-stock.html)

[Mellberg]

I'm not sure what that waste of space is Boyd, but fuck it off and use trading platforms.

Yev, do that maths first.

[Yevrah]

What maths Mellin?

Any advice welcome.

[Mellberg]

Why Cineworld is the UK's most shorted stock (https://www.thisismoney.co.uk/money/investing/article-8970417/Why-Cineworld-UKs-shorted-stock.html)

Until it isn't.

[Yevrah]

My only reservation is the price has moved massively in since the cash position announcement so will fall back down a bit before we move onto the trajectory of opening the clubs.

[Don]

That article is of very little substance. You imagine cinemas will stick around so it's tempting but consumer spending is about to take a heavy hit so not sure we're going to see dickheads pay £15 to go watch Marvel shit with a £5 bottle of water as freely as before.

Also, what is this high of 742.10/May 2017 business? Clarify or credibility in this group will take a hit.

[Mellberg]

What maths Mellin?

Any advice welcome.

When you go to place the trade you will be given your margin. Once you drop through that your trade will be partially closed. If you're talking big money, then don't whack it all on straight away. The smaller your percentage of stake against the size of your account, the further away your margin and the less risk. Bleed into the trade as the price goes up instead.

tl;dr:

Start small. If the trade starts to work for you add size.

[Boydy]

I'm not sure what that waste of space is Boyd, but fuck it off and use trading platforms.

Yev, do that maths first.
The graph? It's just from google. Yahoo finance was the same. I cannot find this high of 700+ you're on about.

[Mellberg]

My only reservation is the price has moved massively in since the cash position announcement so will fall back down a bit before we move onto the trajectory of opening the clubs.

You've got it. About to hit the daily 200MA. Think it was 62 when I checked. Should pull back from there.

[Mellberg]

The graph? It's just from google. Yahoo finance was the same. I cannot find this high of 700+ you're on about.

Spikey did. Has the date right too.

[Mellberg]

62.52, Yev (Daily 200MA).

[Yevrah]

When you go to place the trade you will be given your margin. Once you drop through that your trade will be partially closed. If you're talking big money, then don't whack it all on straight away. The smaller your percentage of stake against the size of your account, the further away your margin and the less risk. Bleed into the trade as the price goes up instead.

tl;dr:

Start small. If the trade starts to work for you add size.

I'm just thinking about whacking a few grand in (actually buying the shares) and sitting on them until the clubs are open.

Even going by their 5 year low pre-covid I'll more than treble my money on the existing price. I'm looking at the same graphs Boyd is by the way, which comes straight from Google. It's disconcerting if there are different ones.

[Boydy]

Spikey did. Has the date right too.

https://www.hl.co.uk/shares/shares-search-results/c/cineworld-group-plc-ordinary-1p

https://www.hl.co.uk/shares/shares-search-results/c/cineworld-group-plc-ordinary-1p/share-charts

It's not there either.

[Yevrah]

62.52, Yev (Daily 200MA).

Are you free for a chat if you PM me your number? If that sounds like a disturbing invasion of privacy, no probs.

[Mellberg]

https://i.postimg.cc/R3sPFhtB/Cineworld.png (https://postimg.cc/R3sPFhtB)

[Mellberg]

Are you free for a chat if you PM me your number? If that sounds like a disturbing invasion of privacy, no probs.

Yeah sure.

[Yevrah]

Cheers Mellin. Interesting chat and thank you for bearing with a numpty.

My mind has been blown by the fact that there's no tax on share spread betting.

[Manc]

Hot Tub is imminent.

[Yevrah]

I still haven't ordered it as I was waiting for Christmas sales and it might be an interesting experiment to put the money for that into this and see how long it takes to get a hot tub for free.

I can't stress this enough, but no tax is unbelievable.

[Don]

https://i.postimg.cc/R3sPFhtB/Cineworld.png (https://postimg.cc/R3sPFhtB)

Why is there a discrepancy between this and the other charts? This seems to be tracking a different stock to them prior to the 2018 crash.

[Yevrah]

I think it's because Google takes the daily ending position whereas the specific websites go by the second.

[Don]

Nah, Mellin's has it above 400 consistently for over 3 years and clearly doesn't have the volatility to be displaying it per second.

All I'm seeing is their takeover of Regal at around the time of that crash above so it may be tracking some strange amalgamation of the two?

[Mellberg]

For Harv (and anyone else who's interested):

https://www.investopedia.com/

Research into any terms you're not familiar with.

https://www.marketwatch.com/

Free site for business related news.

https://m.uk.investing.com/economic-calendar/

Daily economic data.

Research:

Indicators - RSI (14,70,30), MACD (12,26,9) stochastic (5,3,3). Have these open at the base of your chart. Moving averages (7, 13, 50, 100, 200). Some people find that many moving averages overkill, but I like to have them all available. Set up an IG fake money account and have a play using these. Top tip - if you think you have it nailed after a day...you don't.

Strategy - Various ways to make money from the market. Develop a couple of strategies and stick to them.

Psychology - This is important. Don't neglect it. You can go on tilt and do serious damage to your account
Fundamentals - What drives the market?
Technicals - Important for entry and exit points. Part of risk management (see below)
Risk management - The game in a nutshell. It's easy when you're right. Need structured techniques to protect yourself when you're wrong (and you will be). Just letting it run and hope for the best is a potential account destroyer. Where do you get out if it goes against you? How much of your account are you willing to risk? Ask those questions before you trade.

ALWAYS USE A STOP LOSS! If you don't, one day you'll pay, and you'll pay big.

Good luck :thbup:

[Mellberg]

Cheers Mellin. Interesting chat and thank you for bearing with a numpty.

My mind has been blown by the fact that there's no tax on share spread betting.

No problem. Like I said, any questions then fire away.

[Spikey M]

I've just seen the dividend yield on Cineworld is 19.75% as well. :D

It's dodgy as fuck, but I've bought £100 worth. Might put some more in depending on vaccine news etc.

[Yevrah]

Are you spread betting Spikey or just trading shares?

[Don]

We on the cusp of the greatest shift in consumer spending nd behaviour since my local brasshouse offered an Xmas special in 2018. Chuck in Brexit raping the country and it might be best to swerve UK high street companies till January at the earliest.

[Spikey M]

Just buying shares outright. I don't have the confidence or the knowhow to try spreadbetting.

[Jimmy Floyd]

We on the cusp of the greatest shift in consumer spending nd behaviour since my local brasshouse offered an Xmas special in 2018. Chuck in Brexit raping the country and it might be best to swerve UK high street companies till January at the earliest.

I've just bought 10% of River Island and now you tell me this? Shit.

[Spikey M]

I'm not sure that could have been considered a good buy even 10 years ago.

[Lofty]

I would imagine cinemas will be bailed out if it comes to it, possibly by the film industry, because there's no way they're making $200m blockbusters hoping people are going to pay £30 to watch them on demand in their house, it's not going to happen. The industry lives and dies by the box office for the most part so while Cineworld might go under I can't see cinema companies in general being a thing of the past.

[Spikey M]

What price should I be looking to get out at for Shell B Mellers? 2000 would double my money, but that's their pre Covid price and presumably a way off.

[Mellberg]

Depends how long you want to stay in mate. 1424 is as close to a guarantee as you can get. Might pull back from there. If that were me I'd get out there and look for another one or reentry at a lower price. If you just want to sit on it I don't think just shy of 2,000 is out of the question in 6/12 months.

[Foe]

Is there typically a pull back in December in the xmas run up? Or am I imagining that?

[Spikey M]

Depends how long you want to stay in mate. 1424 is as close to a guarantee as you can get. Might pull back from there. If that were me I'd get out there and look for another one or reentry at a lower price. If you just want to sit on it I don't think just shy of 2,000 is out of the question in 6/12 months.

Cheers, I was getting itchy fingers earlier. I'll exit in the morning. 13% increase in a week isn't bad I suppose. :D

[Mellberg]

Decent :cool:

Just don't get carried away and be as selective with your next one. Set aside a little of that profit on your risk (where you set your stop loss) and go from there.

[Foe]

Five grand deposited into IG and going to do some reading when I’m off on Friday Mellin. Suspect I’ve missed the boat, but I’m hoping there’s a pullback for Xmas and/or when people realise the “there’s a vaccine, but how the hell do we get it distributed and allow people to get back to normal”

I’m in.

Should’ve smashed more into my own company when the share price was really low to average out the shares i already have.

[Spikey M]

Five grand deposited into IG and going to do some reading when I’m off on Friday Mellin. Suspect I’ve missed the boat, but I’m hoping there’s a pullback for Xmas and/or when people realise the “there’s a vaccine, but how the hell do we get it distributed and allow people to get back to normal”

I’m in.

Should’ve smashed more into my own company when the share price was really low to average out the shares i already have.

It's not too late, but the easy money is probably gone. I really wish I had gone in harder.

[Baz]

Are you free for a chat if you PM me your number? If that sounds like a disturbing invasion of privacy, no probs.


Yeah sure.


Cheers Mellin. Interesting chat and thank you for bearing with a numpty.As if this happened. :drool:

[Yevrah]

Cineworld dropping back to below 56. Which was one of the things Mellin mentioned on the call, that it would fall back a bit. He knows his shit.

[Mellberg]

Only half right so far though. Still seeing nothing but strength in the market. Even so, beware lockdown extensions/announcements and vaccine issues, but aside from that I don't see where the pain comes from at this time. Obviously that doesn't mean everything's going to fly up, but there's still plenty of value out there. Vix is on the brink of breaking pre-covid lows too.

And maybe Brexit, but that should hurt the £, which is usually good news for FTSE. Majority of business is done overseas, so weak pound = strong FTSE. Plus investors have known about it for a long time, so barring a disastrous outcome the effects shouldn't be too wild. There will be some noise though.

[Adamski]

I’m in with some fake money to start. Not a clue what’s going on though :D

[Lewis]

As if this happened. :drool:

https://i.imgur.com/Z2xwKem.png

[Spikey M]

:lol:

[Kikó]

That's the board. Close it up. :D

[Pen]

That is so good :D

[Sir Andy Mahowry]

Good to see he's upgraded.

The new broom is easily an 8 now.

[Don]

I don't even remember how the broom started but have a very well-deserved :D

[Yevrah]

Lewis. :D

[Mellberg]

:lol:

[Boydy]

:lol:



I don't even remember how the broom started but have a very well-deserved :D

I can't remember how it started either. I remember the old drawing but that wasn't the start of it, was it?

[Spikey M]

Cineworld is still tanking Mellers. :uhoh:

[Mellberg]

You've got it. About to hit the daily 200MA. Think it was 62 when I checked. Should pull back from there.

Did you buy already? :moop:

Area for a possible reversal and then breakout is 43-52.

[Spikey M]

No, just keeping an eye on it and it is a pretty spectacular crash. Like 'company going out of business' crash.

[Mellberg]

It's a pull back of 9 pips you lunatic :D

These things don't move in straight lines. It's about identifying reversal points and nailing your entry. Look back at March. That's a crash.

I think Rolls Royce and IAG are better shouts personally. And there are plenty of better placed businesses to invest in. But just to reiterate what I said, for small account growing these are the kind of opportunities to take a risk on.

[Spikey M]

I am in on RR. Down a little bit from when I bought, but obviously not expecting much until Flights start kicking off again

[Mellberg]

From now on I'll put it like I did for the RR trade though. Too much info spread over too many posts.

Should've been:

Gold: Buy - 1810. S/L 1797. Target - 1850.

[Offshore Toon]

Noted, £20k on gold.

[Spikey M]

Cheers. Just sold everything and put it all on gold.

[Jimmy Floyd]

I'm now involved with fake money. I know how the mechanics of this work but everything to learn about the rest of it.

[Mellberg]

Now if you bought at 1810 move your stop loss to your entry and it's a free swing :thbup:

[Spikey M]

Would that mean that if I bought something at 10, set my stop loss at 10 and the share briefly dipped to 9.99 2 minutes after buying buying it, it would immediately sell? Because everything I buy dips below what I paid at some point, even if the trend is upwards. Knowing my luck it would sell just before it skyrocketed.

[Mellberg]

Yes it would immediately sell and I've had that happen to me more times than you can imagine. But it's also protected me from it turning the other way too. Managing your risk and all that. Also any return toward 1800 now would mean this isn't playing out as it should and gold potentially isn't reversing.

Having said that, the percentages are still in your favour if you leave it as it is.