Down to £100.....let's do this

[dgtrading]

went short on SPD on today's close

 

[rickstarb]

Hope you bring your account back up fella.

 

[dgtrading]

got stopped out on SPD today. Maybe I should have waited for a more solid signal such as a sharp negative close today?

Any tips? am i rushing trades?

 

[dgtrading]

considering adding to my TiT position on monday, with a stop loss below today's low.

 

[paszkman]

considering adding to my TiT position on monday, with a stop loss below today's low.

As a stop order if it takes out the recent high?

 

[dgtrading]

As a stop order if it takes out the recent high?

not sure what you mean

 

[paszkman]

this is what I see for TI (daily TF)- it is a bit different to yours, but more or less the same..since making a high of 1.144 on 17mar, it then retested previous resistance around 1.049 on 26mar. Now looks range bound.

It sounds like you want to add to your position with a market order in the middle of a range. Range could break either way. First you want it to break the 1.122 high then the 1.144 high. So you could put a buy stop order above 1.122, so if it starts to break to the upside, you are in..if it doesn't, and instead rolls over, you haven't increased your risk on this trade..

Just my opinion.

 

[dgtrading]

I see your perspective, its just that I enter when the trend line is met (in your diagram however it has been broken). I get a general idea from the daily chart, but the surge in buying on the last 4hr bar seems to me like people don't want this stock going down, also it may not be making consistent higher highs but higher lows are being produced.

I take rejection of low prices as a signal to enter, I haven't really experimented trading breakouts of ranges to be honest.

 

[paszkman]

I see your perspective, its just that I enter when the trend line is met (in your diagram however it has been broken). I get a general idea from the daily chart, but the surge in buying on the last 4hr bar seems to me like people don't want this stock going down, also it may not be making consistent higher highs but higher lows are being produced.

I take rejection of low prices as a signal to enter, I haven't really experimented trading breakouts of ranges to be honest.

Did you add to TI today?

 

[dgtrading]

Did you add to TI today?

Yes on the open another 170 shares. With what little capital I have left. It closed very favourably.

Are you trading it?

 

[paszkman]

Yes on the open another 170 shares. With what little capital I have left. It closed very favourably.

Are you trading it?

good job..

no, I don't have a position.

 

[joeblundell]

I am a 19 year old student who has recently had half of his equity consumed by the market due to several poor hasty decisions and risks. I know £100 is a measly sum to trade with, but the same ideas apply. Trading only stocks at the moment (sometimes gold). Usually on the daily charts.

My rules:
- Always trade with the trend
- Enter on the pullback/ or if a valid price signal appears
- Make sure strong resistance is not close
- Don't try to pick tops and bottoms

Starting equity £100 as of today 5/3/15 including assets:

80 RR (bought on the pullback of the uptrend) SL 9.2704 TP 9.7226
-1Gold (entering the down trend, poor late entry but price is acting favourably). SL 1210.10 TP 1190.99

5/3/15 entries

+7 Heineken due to bullish pin bar SL 69.35 TP 72.04
+5 BMW due to bullish pin bar SL 110.32 TP 116.86

any criticisms of my trades are welcome

Hi

Just out of interest what platform/broker are you using?

Joe