UPDATE 4: WAITING
Hi all, just a short update here. I am waiting for HL to transfer my ISA to IG so that I can finally get set up with them. I checked on Friday but nothing yet, but they did say it takes around 14 days. Other than that, I am setting up TrendSpider and working slowly through their guides and videos trying to familiarise myself with the charting software and capabilities. I customised my charting background and candlesticks colours to be a bit more easier on the eyes.
I also like that you can change colour theme to either Dark or Light. The white background I have changed to a bit off white so that it doesn't strain the eyes. What I dislike is that you can only have 4 charts open in one browser session. I want 6 charts and the ability to look at quarterly and yearly.
Next, I am actually reading
Mark Minervini's Trade Like a Stock Market Wizard, and have also bought his second book
Think & Trade Like a Champion. I've read great reviews and it seems many traders are recommending his books. In the next couple of weeks, I am going to be doing reading while I await the transfer and plan what I need to do. As I've probably mentioned my strategy will be two-fold:
- Long-term - ISA Shares and Stocks will be an investment vehicle in which I hold shares for the long term.
- Short-term - Daily buying and selling of shares, or more precisely, I intend to monitor the market daily and patiently await the setup I need to enter/exit. This means, I will only trade when my strategy fits.
Hence, I need to start working on a trading journal to set out my strategy and risk management.
Another, playful, thing I did yesterday was that I was able to setup MetaTrader 4 (MT4) on my Mac OS X Catalina 10.15.6, which I have been struggling to do since December of last year. It felt good to have this working and that I can have a look at the FX market and the currency pairs that I like to follow. I visited ForexFactory and after spending a couple of hours reading some recent threads, I had the biggest headache. The same story that the market is a zero sum game and manipulated and you are doomed to lose everything, etc. It's sad the the truly helpful and insightful posts are being saturated by people militantly voicing their anguish and loss.