Hung, one thing i had realised very early on - do not trade a view. No matter how much you can back up your views or ideas on the markets on both a technical or fundamental view, the markets will always catch you out. Trading is based on what you see, perhaps look past your view and trade a non emotional decision. Most institutions do not trade emotion but trade mechanical systems that have many permutations. A result of this is that they will develop a number of different models with different outcomes. Trade what you see not what you think! I know it is rather dull, but trading is not about a fix or a thrill it is about making money. I take no joy to volatility i may aswell bet on a horse at Cheltenham. Happy trading!
I could not resist selling SN this morning. It was up well over 20 points and I sold for 552.4. It is now a bit lower. I bought on 3rd for 507.
The spread was about 3 points at 0800. I'm pleased with SB trading (today, at least) and I know that money can be made by this method.
Split
The spread was about 3 points at 0800. I'm pleased with SB trading (today, at least) and I know that money can be made by this method.
Split
Hung news apparently the CEO of LSE a lady in fact told the Nasdaq too shove there offer firmly up the ass. I don't know what kind of an offer would suffice for her to approach shareholders. I am sure shareholders will bail out as they have made some £6 on the share since January the first. Having said that it seems like shareholders are quite comfortable to sit and wait again.
I am doing fine! Hey doing some research on Vietnam stock exchange. It is very well traded i didnt realise.
It is called the Vietnam Index and has 33 stocks. Ranging from Agifish to Taya vietnam. My spread on the index is 426 - 428 and you can trade with me Hung. I learn new things every day!
It is called the Vietnam Index and has 33 stocks. Ranging from Agifish to Taya vietnam. My spread on the index is 426 - 428 and you can trade with me Hung. I learn new things every day!
MarvinS said:
Very interesting. I know it exist but can't remember the name. Now I know it's Vietnam Index. If things haven't changed lately, they accept buy and sell orders only twice a day. But all the companies there are of superb quality.
Hi Hung,
SN. is Smith and Nephew. I can't comment on Fins new platform because my cumputer has memory problems and the old platform is easier for me.
After selling SN I didn't have any plans to do more, so I was finished after 0815! Did some other jobs.
Good Luck, Split
SN. is Smith and Nephew. I can't comment on Fins new platform because my cumputer has memory problems and the old platform is easier for me.
After selling SN I didn't have any plans to do more, so I was finished after 0815! Did some other jobs.
Good Luck, Split
On the hunt
I am hunting for new opportunities to trade but in no hurry.
I hope I can stick to my aim of trading small in the next few weeks. With just two 10 pound per point bet on the DOW, I gave back all the profit and made a loss of similar size which happened to be the same size of my last bonus at work.
How can someone lose money in a rising market? Good question!
BAE Systems has been dropping for the last few days. I think the up trend is still intact and there may be an opportunity to go long next week if it contitue to drop a bit more.
As soon as I deleted Prudential from my long list just because I don't like its chart, it went straight up. Happened to stumble across it in the volume leaders' list at ADVFN. I enlist it back to the long list again. Prudential has been quite successfull in the far east.
I am hunting for new opportunities to trade but in no hurry.
I hope I can stick to my aim of trading small in the next few weeks. With just two 10 pound per point bet on the DOW, I gave back all the profit and made a loss of similar size which happened to be the same size of my last bonus at work.
How can someone lose money in a rising market? Good question!
BAE Systems has been dropping for the last few days. I think the up trend is still intact and there may be an opportunity to go long next week if it contitue to drop a bit more.
As soon as I deleted Prudential from my long list just because I don't like its chart, it went straight up. Happened to stumble across it in the volume leaders' list at ADVFN. I enlist it back to the long list again. Prudential has been quite successfull in the far east.
Attachments
Jupiter UK Growth
Jupiter UK Growth fund has achieved a gain of more than 120% over the last three years. The Guardian on March 11 quoted trustnet.co.uk as detailing that their largest holdings include
Xstrata
Charter
Royal & Sun All
Icap
Corus
Reed Elsevier
Barclays
BG Group
Will screen them to add to my long list if they're not in already.
Jupiter UK Growth fund has achieved a gain of more than 120% over the last three years. The Guardian on March 11 quoted trustnet.co.uk as detailing that their largest holdings include
Xstrata
Charter
Royal & Sun All
Icap
Corus
Reed Elsevier
Barclays
BG Group
Will screen them to add to my long list if they're not in already.
It's interesting to hear Ian McVeigh, Jupiter's director saying ''You had to buy the stuff that had fallen most. I bought lots of Rolls-Royce, life insurance companies, Reuters, etc.''
There's always a wrong time to short a stock. I was stopped out of Reuters for a 60 quid loss a few days ago.
And the Jupiter director said consumer, housing and banks are vulnerable. ''They were once cheap, but they aren't now.'' Regarding oil, he said he prefered metal which he thought is ''stronger than oil''.
There's always a wrong time to short a stock. I was stopped out of Reuters for a 60 quid loss a few days ago.
And the Jupiter director said consumer, housing and banks are vulnerable. ''They were once cheap, but they aren't now.'' Regarding oil, he said he prefered metal which he thought is ''stronger than oil''.
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