Following recent news, got stopped out of SCTN long @ 460.25 (opened @ 479.25 on 15/7 & 482.5 on 18/7).
I shall have to take this on the chin and hope that this is the worst effect of the current London incident and that no-one is actually hurt.
BTW thanks for the info PitBull - it never ceases to amaze me how much the market can react to the tiniest scrap of news.
Good wishes to all,
Mark
I shall have to take this on the chin and hope that this is the worst effect of the current London incident and that no-one is actually hurt.
BTW thanks for the info PitBull - it never ceases to amaze me how much the market can react to the tiniest scrap of news.
Good wishes to all,
Mark
Last edited:
This is now the second time I've observed sharp, unexpected rises in a stock, followed by news announcements. I'm beginning to think it might be worth following any such rise next time I see it.
Of course, it requires fine judgement to distinguish a "blip" from a "real" opportunity. I'd use a pretty tight stop in such a circumstance. Question to any scalpers out there: have they tried this method? Does it work?
Thanks,
Mark
Of course, it requires fine judgement to distinguish a "blip" from a "real" opportunity. I'd use a pretty tight stop in such a circumstance. Question to any scalpers out there: have they tried this method? Does it work?
Thanks,
Mark
khi,
With movements of the scale of the BPB one, the spread is not v. relevant :cheesy: . It is rare that I would consider scalping tactics - not my natural style. But when exceptional opportunities present themselves....
Scalping hasn't usually worked for me in the past but I wonder whether, in the light of experience, I'm now better able to recognise a real opportunity. Guess I'll have to try it next time it smells like a real story is about to break. I wouldn't expect this to happen more than once a month or so.
BTW it'd take a lot to get me to move to CFDs - the SB advantages of nil tax and no associated admin/accountants fees are a huge disincentive to changing. Of course if tax laws changed I'd move to CFDs in an instant. Just did an analysis of the difference it would make over recent trading and find it may add about 30% to my trading profits.... so I'll have to think about it seriously soon.
Cheers,
Mark
With movements of the scale of the BPB one, the spread is not v. relevant :cheesy: . It is rare that I would consider scalping tactics - not my natural style. But when exceptional opportunities present themselves....
Scalping hasn't usually worked for me in the past but I wonder whether, in the light of experience, I'm now better able to recognise a real opportunity. Guess I'll have to try it next time it smells like a real story is about to break. I wouldn't expect this to happen more than once a month or so.
BTW it'd take a lot to get me to move to CFDs - the SB advantages of nil tax and no associated admin/accountants fees are a huge disincentive to changing. Of course if tax laws changed I'd move to CFDs in an instant. Just did an analysis of the difference it would make over recent trading and find it may add about 30% to my trading profits.... so I'll have to think about it seriously soon.
Cheers,
Mark
Today's action
'morning all,
IHG trade not working (weekly MACD indicating false downturn) so closed trade @ 726.25 (opened 50% scale on 20/7 @ 722.75). Will keep monitoring this one for possible re-entry when indicators are right. Doesn't look like the best timing on that on one!
Had another crack at CW this morning, short @ 151. As there's been no AGM statement so far this morning, not expecting anything +ve to come out of the AGM. Looks like rather better timing on this.
Am watching SPW for possible short today (but hoping price will rise a bit more first).
Mark
'morning all,
IHG trade not working (weekly MACD indicating false downturn) so closed trade @ 726.25 (opened 50% scale on 20/7 @ 722.75). Will keep monitoring this one for possible re-entry when indicators are right. Doesn't look like the best timing on that on one!
Had another crack at CW this morning, short @ 151. As there's been no AGM statement so far this morning, not expecting anything +ve to come out of the AGM. Looks like rather better timing on this.
Am watching SPW for possible short today (but hoping price will rise a bit more first).
Mark
morning everyone, been really busy, good news that a suspect terrost has been shot dead on the underground. but its an easy dead... hope hes not innocent though.
anyway. still long in rbs, xta and kgf., closed the remaining ba. opened new long on cw. (a speculative one with thight stop.)
anyway. still long in rbs, xta and kgf., closed the remaining ba. opened new long on cw. (a speculative one with thight stop.)
marben said:khi,
With movements of the scale of the BPB one, the spread is not v. relevant :cheesy: . It is rare that I would consider scalping tactics - not my natural style. But when exceptional opportunities present themselves....
Scalping hasn't usually worked for me in the past but I wonder whether, in the light of experience, I'm now better able to recognise a real opportunity. Guess I'll have to try it next time it smells like a real story is about to break. I wouldn't expect this to happen more than once a month or so.
BTW it'd take a lot to get me to move to CFDs - the SB advantages of nil tax and no associated admin/accountants fees are a huge disincentive to changing. Of course if tax laws changed I'd move to CFDs in an instant. Just did an analysis of the difference it would make over recent trading and find it may add about 30% to my trading profits.... so I'll have to think about it seriously soon.
Cheers,
Mark
hi mark,
yeah, u know where to go if u change ur mind
kim
Sge & Cw
Closed SGE short @ 225.75 (opened @ 226.25 on 19/7). Indicators suggest short term rise likely. May attempt to re-open if/when sell signal is stronger.
Today's trading in CW is interesting. There was a jump in the price following the AGM statement (released simultaneously with the AGM). However, I was not impressed with that statement and it looks to me like the stock may well get hammered this afternoon. Order book seems to be weakening progressively. We'll see!
BTW CW crossed below yesterday's low (ignoring bomb related spike) earlier today, so I'm expecting to stay in this trade longer term, unless stopped out, or sell signals disappear.
You staying long khi, or have you already taken your profit?
Mark
Closed SGE short @ 225.75 (opened @ 226.25 on 19/7). Indicators suggest short term rise likely. May attempt to re-open if/when sell signal is stronger.
Today's trading in CW is interesting. There was a jump in the price following the AGM statement (released simultaneously with the AGM). However, I was not impressed with that statement and it looks to me like the stock may well get hammered this afternoon. Order book seems to be weakening progressively. We'll see!
BTW CW crossed below yesterday's low (ignoring bomb related spike) earlier today, so I'm expecting to stay in this trade longer term, unless stopped out, or sell signals disappear.
You staying long khi, or have you already taken your profit?
Mark
Last edited:
