Stock market dealing

[Justin Passing]

I had a pretty small amount in gold. Turned my back on it and it hurts!
It wasn't FT.
TRump hasn't a clue about anything to do with the economy afaik. He said he wants to build a bitcoin mountain (not in those words). I think he has the idea that that'll put the price up then he can pay off the national debt with it.

 

[kingandy2nd]

Have had visitors for the weekend so not had time to read and digest all the helpful information that’s been posted in the past few days. Thanks for all the insights.

I’ve had a play with the shorting today (still using T212 app for now). Marginally up on the day but also some valuable lessons learned.

The default take profit and stop losses seem to be a bit random and I didn’t consider the value of the share relative to the amount being traded…triggered a stop loss of 1.1k by not adjusting that sensibly on Microstrategy

All fine when it’s fake money…

 

[Arbu]

Lummis made the suggestion on 15th November. Just before gold started coming up...

 

[Justin Passing]

Have had visitors for the weekend so not had time to read and digest all the helpful information that’s been posted in the past few days. Thanks for all the insights.

I’ve had a play with the shorting today (still using T212 app for now). Marginally up on the day but also some valuable lessons learned.

The default take profit and stop losses seem to be a bit random and I didn’t consider the value of the share relative to the amount being traded…triggered a stop loss of 1.1k by not adjusting that sensibly on Microstrategy

All fine when it’s fake money…

View attachment 364105

Their default sare miles out of scope, but eToros are further!

Have you realised yet you can click the opening price bar box (avoid the [x] cos that's an instant close) and you get SL and TP tabs you can slide up and down.??
In the Sim, try putting the SL close ish. Every now and again it'll stop you out for an unjustified loss.

If you're range trading between levels, theTP is a dogsend. It saves your nerves and it's a lot quicker than you are.

 

[Justin Passing]

Lummis made the suggestion on 15th November. Just before gold started coming up...

Many have made it now, but Trump isn't there yet! Mixed reasons, but gold is down 4% since the election.

 

[Justin Passing]

Watching ATOS. I've been nibbling while the price has been going up. It was dying, down at 0.22. Now 1.55. French gov is buying the co.
I've just sold, witing for another dip, orobably at end of day.

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There's an impressive AI share valuation etc thing at ii. It you have an account then there's a community app, where it's described. I know some sneer at these things, but others pay a fortune for them. I kept looking for the price until I realised it worked without paying.

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TradingView is a service used by many for "charting" which means keepng your own pictures of charts with your lines comments etc, plus a screener and other facilities.
Compared with the free version, the paid version doesn't offer very much more. They get you to sign up for the paid version very cheaply this time of year, and then auto-renew at the full rate, next year, at about £800. They really make things difficult if you don't want to renew. When next year comes (now, for me) they try to stop you using the cheap offer again. The Ts and Cs are very ambiguous, and they have the right to change them any time. If you use the same pc, they tie up any different email/identity you use. The only way I can think of to avoid being re-charged, is to use credit cards which are about to expire.
Not having it. There are plenty of free services around. "Trading" is a real focus for unscrupulous basterds offering generous referral payments, to get people to sign up to what become 200, 300, 400 and more per month subsciptions.
The Bloomberg info service is $20kpa.
Getting an account somewhere is a much better route to getting tools to use. They typically give you real prices that EG TradingView charge for, and watchlists with your own charts. If you don't mind the ads, Yahoo etc do stuff too.

 

[Arbu]

Watching ATOS. I've been nibbling while the price has been going up. It was dying, down at 0.22. Now 1.55. French gov is buying the co.
I've just sold, witing for another dip, orobably at end of day.

Well spotted earlier this week. So many reasons why the company isn't worth this much though...

 

[Justin Passing]

Wow ATOS stopped on the drop at 0.85. I was lucky to sell when I did.
It used to trade at 80!


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@kingandy2nd
Nice little demo here that "technical analysis" really does work. If you sat and watched, you could bet the farm that the price was going to rise when it broke the upper trend line. Then it as he says "retests" and goes up again.
Why does it work? Because everyone expects it to work, so they buy. They buy, so the price goes up.
After the stuff about trends and levels, you learn a dozen or so of these patterns. They aren't hard, they're just extensions of the same thing.

Where to find them - often byllookingthrough the day's "fastest risers". T212 has a watchlist for those. YOu'll get to know half a dozen stocks to add to that list which will be the recently active ones. They tend to be smaller "Cap" ( That's market capitalization, ie smaller sompanies) The guy refers I thin k to "Small Cap Gappers". They're his favourite becuse during the day they exhibit these behavours. A Gap is when excitement made the price jumpup from one price to smethin significantly higher in say a 1 minute time period, leaving a gap on the "normal" candle chart.
The candles I use (Heikin Ashi), don't show the gaps, it fills them in. It's what you get used to....

This start of day gap (not the same sort of "enthusiasm during the trading period" gap) gets filled in on the Heikin Ashi candles chart (also that little gap just after a couple more candles. The Heikin Ashi candles on the right do show trends better though.

 

[Justin Passing]

I'm getting a bit bored.
@Arbu - can you follow/answer this.
If I use a spread betting platform
put 10,12k in it -or whatever it takes
Using Spy500 index, I assume margin is something like 10%??

OPen with a bet of 100k
Lets say the spy goes 25% in the year.
What fees do I pay?
I know there's the swap rate at ~ "bank rate" plus say 2% = 7%
ENd of year, I paid 7% of 100k = 7k
I "win" 25% of 100k = 25k
Net 18k
from a 10k investment, and no tax liability.
Withdraw the 28k
What am I missing?

 

[Arbu]

I'm getting a bit bored.
@Arbu - can you follow/answer this.
If I use a spread betting platform
put 10,12k in it -or whatever it takes
Using Spy500 index, I assume margin is something like 10%??

OPen with a bet of 100k
Lets say the spy goes 25% in the year.
What fees do I pay?
I know there's the swap rate at ~ "bank rate" plus say 2% = 7%
ENd of year, I paid 7% of 100k = 7k
I "win" 25% of 100k = 25k
Net 18k
from a 10k investment, and no tax liability.
Withdraw the 28k
What am I missing?

https://chatgpt.com/share/67517376-7608-8012-a61e-c6acdaf832d7

 

[kingandy2nd]

I’m still having fun and games with the fake money. Having got to about £4K up on the £50k base I’ve made a few poor choices and now back down to 51.5k.

I’m not finding the candles easy to predict to be honest and a couple of long stop losses have really stung me.

 

[Justin Passing]

https://chatgpt.com/share/67517376-7608-8012-a61e-c6acdaf832d7

Very clever. GPT doesn't dispute anything then but leaves the "waht am I missing"! Additional Fees: Be aware of other potential fees, such as spreads and account maintenance charges.
Do you happen to know what those are?

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I’m still having fun and games with the fake money. Having got to about £4K up on the £50k base I’ve made a few poor choices and now back down to 51.5k.

I’m not finding the candles easy to predict to be honest and a couple of long stop losses have really stung me.

Sounds like learning!

Stop losses can be infuriating.
Poor choices - yeah!. One thing "they" say to do is not enter a trade unless you have "confluence". That means a number of reasons why it should be a high probability of success. ANd none why it sholdn't...

The market seems to be in a good mood today, bitcoin over 100k etc.
Tech is the strong sector. I have other stuff to do, so will only look at 5spy and 5qqq. There's an interesting ETF, "IGV" worth a look.
Yesterdaythe ETF " Mag7" did well because it's 5x leveraged, combo of all the mag 7 stocks.

Key with those leveraged things is to wait for the move then jump in it then get out. Overnights are risky. If the price has been rising into the close, then more often that not it'll; carry on, but you would take the odd loss doing that. Big moves can come at the open, so the only way to catch them is from the previous day.

I have watchlists of stocks likely to move a lot, so it only takes 30 seconds or so to scan through the charts.
The crypto followers, Nvidia, Palentir, Tesla etc.

Candles - try zooming out to look at 5min, 15min etc. If you are following candles (I don't much) they're more reliable longer term.
I expect you've read about a number of things to look at, You won't be able to cope at first.
A simple method which works (another one??") is to see what's doing well in the biggosh names inthep[remarket (google for that).

Say it's Apple.
See what the LEVELS are for Apple in the recent past - may go back a long time, months at least for the big ones.
If there's good new, the price will tend to go north from nearby levels. Note that levels can be support (below) or Resistance (above). At the next level up, be prepared for a reverse. If it carries on, good, look for the next one. Pros tend to "take some out " at each level incase it reverts. A third, say.

 

[Arbu]

It always puts in some sort of disclaimer. The spread is 0.6, so 0.01% of the £100K, 0.2% of the money you put in as margin. There are no account maintenance charges, but you'd lose the interest you'd get if you had the money in a bank of course.

 

[kingandy2nd]

I definitely need to find/set some parameters for confluence as right now i have nada!

Started poorly today, but then improved

Dabbled some more

All good and then woof!

Not closed it out as it’s free money…but just goes to show you can lose your shirt!

 

[Justin Passing]

Not closed it out as it’s free money…but just goes to show you can lose your shirt!

Shirts must be retained!

Microstrategy is a bit of a mystery, nobody knows exactly whatthey do, but they're a leveraged bitcoin, in effect. Volatile.
You must at least put stop losses fairly close. But then they might get triggered prematurely, T212 is like that.
I was nervous with MSTR overnight when I used it, even though my night and other people's nights are different.
Tesla is a bit whacky too, but see how long it WOULD have taken for the price to have come back to you. A couple of people I know, never ever sell at a loss. Common stocks, go up with time, in 99.9999% of cases. Or something. Gold could take years!

Invest a small % of your pot, only, per "instrument" overnight, until you've grown your pot.
If you want to feel safer, dip yer toe in with something like one of these:
Returns a bit better than the Bldg Soc...

Wossat, 3 years growth in 1 month, so 36x better

Hargreaves Lansdown is a user-friendly place to use. Can be isa or not. 0.45% charge p.a. is high, but it's all relative.
You can phone them for a chat. Gold.

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It always puts in some sort of disclaimer. The spread is 0.6, so 0.01% of the £100K, 0.2% of the money you put in as margin. There are no account maintenance charges, but you'd lose the interest you'd get if you had the money in a bank of course.

0.01% of the £100K is £10
0.2% of the money you put in as margin using 5k (sounds about enough, maybe some extra say 6k) £12

5% of 6k lost interest is £300. Not a lot, all in.
Some brokers pay interest on uninvested cash
Beats losing a fat chunk to tax. More importantly to me, ovoids the hassle of the tak, You just don't declare it because it's not taxable.

Okay the spy may go flatter - some say 3% next year . Is your IG swap rate on the SPY an easy thing to see??
Sounds like a b---dy good risk/reward to me. You could "average in" to build a buffer. Spy drops, go short!