The new lockdown rules are vague enough to make the FTSE unpredictable again. Not much spending in tier 3 areas and reduced spending in tier 2. Note the FTSE is the only major European market in the red so far today.
The new lockdown rules are vague enough to make the FTSE unpredictable again. Not much spending in tier 3 areas and reduced spending in tier 2. Note the FTSE is the only major European market in the red so far today.
Started researching this afternoon and investopedia is just an awesome dictionary.
Brain is melting though. Get the feeling this will take a good amount of hours to read and apply before you should be thinking about shoving anything liquid in.
Had a mare on gold. Hope you moved that stop loss Spikey
Was just coming here to post this https://themarketear.com/posts/ceyof...mpression=true
Didn’t a load of investors seek refuge in precious metals during COVID?
Will they not pull back out and into companies for growth?
Yeah, absolutely. But these things don't tend to move in straight lines and you usually get a bit of mean reversion after a big fall (1950 to 1800), but it sat and waited for the mean to come down rather than pushing back up itself. Complete dead duck.
Got back out at 1910 for no loss anyway. Just glad Spikey didn't get involved
Me too. Especially as I still haven't put a stop loss in place.
My theory is, as I'm not spread betting any loss will rebound at some point anyway. (Or they go bust, obvs.) Anyway, as long as my Top Man stock stays safe I'll be happy.
Bar the fact you’re playing with money, I suspect trading (or predicting what to get in one) might be pretty good fun once you have a rough idea of what’s going on.
I lost millions in fake money. Have had to sell my fake house and am now drinking fake Special Brew off a fake park bench.
You probably would have sold when it got to a few hundred dollars in 2013 anyway.
There are plenty of people who have made fortunes on it in the last couple of years alone.
It's all detailed in his Fake Book.
Closed Cineworld and RR for profitz. IAG still running. They'll probably still take off with time but I'm a short term wanker.
Was too early on gold
Is that not an early sell? Or are you looking to get back on after the inevitable slump in a few days?
I always pull out early
Like to take the first burst, guarantee the moneyz, then go find something else. There are different strategies and holding is fine, but a bit slow for my tastes.
I bought GlaxoSmithKline yesterday as they've been steadily losing value all year, but their financials all look sound. I can only attribute it to their Covid Vaccine being sub-par and everyone jumping from them to Pfizer et al. Am I missing any red flags Mellers?
Last edited by Spikey M; 03-12-2020 at 09:01 AM.
Contradicting data, so could go either way. No obvious red flags, but not many buy signals either. General sentiment of market might see it turn though.
Yev, did you get on Cineworld?
Hmmmm. I'm happy to sit and wait with a ~5% dividend so I think I'll sit tight for now.
I'm still holding on Rolls Royce, I think there will be a bigger bounce when flights start picking up and they've finished setting up in India or wherever they go.
The rest of my money is on Premier Oil. Due a merger at some point next year, but it's by far my riskiest punt.
Oh yeah, Rolls Royce isn't done yet. Keeping tabs on it. Trade it pretty often as low share price = profitz and has a nice low spread.
Gold's nearly at 1850 Missed opportunity there. Would've been a big one.
I didn't Mellin. Been busy with work and FIFA and not spent the time familiarising myself with all the lingo yet.
I see they've moved nicely now though.
What does "loading zone" mean, Mell? I've seen it used a few times.
Long on the Dax @ 13260. Target = 13400
Edit: Fucked it off. No movement.
Last edited by Mellberg; 03-12-2020 at 05:23 PM.
Plenty more fish in the sea, Yev. FIFA doesn't pay the bills though
Offy, loading zone means an area to buy. So the buy price for Cineworld between 42 and 53 was the loading zone.
Cineworld likely to tank thanks to that Warner Brothers HBO Max announcement.
Well, RR had a good day today. I'm currently up 21.8%.
Long on the Dax from 13186.
Took 40 pips from that Dax trade. Need to be careful how I post in here TBF. I'll put some further detail in future. Someone might see buy and expect 300 pips, follow in, and end up getting stung.
To make it clear at the min I'm scalping the Dax against a bearish trend, which on the 4hr is very strong.
Some sexy Dax action again today. So volatile
Spikey, have you held RR (and Cineworld?) or closed them?
Did anyone else get on? Offy said something about buying I think?
I got on when you initially said, but then you said to Spikey something like "you didn't buy already did you?" and I got off. I'm still trying to figure out how it works so it was only small. I can't quite see where the HUGE gains (+100%) of CFD will come from, though.
Admittedly it was a very good week, but I made nearly 100% in a week in March. Once the Vix goes up and volatility kicks in you can feasibly double your account in a day.
Nice one Spike just be aware it's hit the 50MA on the daily (hence the pullback today). May see further downside before another upward move.
And I'll own that Offy. Any further trades will have full info.
It's not a problem. I mostly did it as I find it easier to pick things up by actively investing and it really wasn't much.
These crack me up:
https://www.instagram.com/nicole_investment_trade/
Ain't no one with the required analytical mind to succeed posting shit like that
I don't usually get involved in crypto but my mate seems very sure of ethereum. It's probably lower risk than I want at the moment, but may be an option moving forward.
I'm planning to buy Bitcoin next time the price crashes. I always think it's the end of the fad when it happens and then it climbs to new heights.
https://www.bloomberg.com/news/artic...alflow-organic
Time to get on those water futures.
Spent a good few hours on Saturday narrowing down the ftse to a list of companies and industries I’d be interested in.
Basically avoiding anything energy related as I already have fucking shit loads of shares in my own gaff and banking/investment.
Two I’m most intrigued by are
Smith and newphew
Relx
Primarily because they’re in areas I imagine has room to grow in future.
Do you have companies you shortlist mellin or do you just jump on based on indicators and technical indicators?
No matter how good the MACD looks I don’t think I’d ever trust lumping money in a bank/investment company nor retail just in case you got stuck by a sharp drop.
I have a shortlist of indices, commodities and companies I trade. Not many actual companies (tend to have looser spreads). Rolls Royce is nice and tight, hence why I'm always banging on about it.
But mainly:
RR
FTSE
Dax
Dow
Nasdaq
ASX
Gold
Oil
GDP/USD
Will spread my wings elsewhere when I spot a worldwide, but that's my core group. And you don't lump. Risk management with stop loss and position size. It protects you against all that shit (and you need that protection) and means you can scale in when it goes in your favour.
Any thought on the ABNB IPO tomorrow Mellers? I'm hoping to be all over it. Any red flags I'm missing?
I was thinking the same, Spike. DoorDash IPO today was mad.
It was. ~70% price increase in what, 3 hours? Looks like free money, but I know very little about IPO's.
Advice is...don't touch it with a barge pole. About to retrace.