Are you free for a chat if you PM me your number? If that sounds like a disturbing invasion of privacy, no probs.Originally Posted by 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.
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.
Hot Tub is imminent.
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.
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.
I think it's because Google takes the daily ending position whereas the specific websites go by the second.
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?
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
Last edited by Mellberg; 24-11-2020 at 12:36 PM.
No problem. Like I said, any questions then fire away.
I've just seen the dividend yield on Cineworld is 19.75% as well.
It's dodgy as fuck, but I've bought £100 worth. Might put some more in depending on vaccine news etc.
Are you spread betting Spikey or just trading shares?
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.
Just buying shares outright. I don't have the confidence or the knowhow to try spreadbetting.
I've just bought 10% of River Island and now you tell me this? Shit.
I'm not sure that could have been considered a good buy even 10 years ago.
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.
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.
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.
Is there typically a pull back in December in the xmas run up? Or am I imagining that?
Cheers, I was getting itchy fingers earlier. I'll exit in the morning. 13% increase in a week isn't bad I suppose.
Decent
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.
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.
As if this happened.
I'm a twit
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.
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.
I’m in with some fake money to start. Not a clue what’s going on though
As if this happened.
That's the board. Close it up.
That is so good
Good to see he's upgraded.
The new broom is easily an 8 now.
I don't even remember how the broom started but have a very well-deserved
Lewis.
I can't remember how it started either. I remember the old drawing but that wasn't the start of it, was it?I don't even remember how the broom started but have a very well-deserved
Cineworld is still tanking Mellers.
Did you buy already?
Area for a possible reversal and then breakout is 43-52.
No, just keeping an eye on it and it is a pretty spectacular crash. Like 'company going out of business' crash.
It's a pull back of 9 pips you lunatic
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.
I am in on RR. Down a little bit from when I bought, but obviously not expecting much until Flights start kicking off again
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.
Noted, £20k on gold.
Cheers. Just sold everything and put it all on gold.
I'm now involved with fake money. I know how the mechanics of this work but everything to learn about the rest of it.
Now if you bought at 1810 move your stop loss to your entry and it's a free swing
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.
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.
Posting Permissions
Reply With Quote
