Hi guys,
Good evening to you all. Firstly, I'd just like to thank you all for your advice and support. I'm flattered that you have all taken your time to help me. Very much appreciated...
Pitbull - Thanks for the pointers. Yes I realise I am at a huge disadvantage trying to day trade via spread betting. In fact, if it was any other company other than microsoft I probably wouldn't have come out with a profit. I am looking into swing trading as an alternative. I don't know much about about direct market access but I am guessing £2000 would get me nowhere! Thanks for the links, downloaded that document and will read it later and I've also bookmarked the newsletter
Timsk - Thanks also for the advice. No I can't get ATR on my charts but I am thinking of trying IG Index and I think they do... And the smallest I can trade is usually 50p. Also, thanks for the heads up on that other matter
TraderDante - I was hoping you would drop by. Its seems you have a LOT of respect on this forum so your input will be very greatfully recieved! I love reading your posts, especially your philosophical ones! You've made me think long and hard about my relationship and I hope I will never loose track of my priorities. Hope things work out for you. Look forward to your future input.
PokerBrat - Thank you. Sorry my communications skills are not the best! I realise I am contradicting myself a bit there! I just meant that because it has taken me a while to save this £2000, I don't want to put any more money in to trading at the moment, I want to but myself a few things I've wanted for a while etc. Although I don't mind loosing some of the £2k on trades as long as I learn something from then, but obviously I'd rather win! Also I am not ruling out the Mr Spread Betting system, I just don't want to spend the money yet. I was also waiting to see if TraderDante was able to test it with success but he has been unable to as yet. In relation to the trade, I did not specifically look for a retracement. I was looking for a strongly trending stock, the fact that the retracement was relatively small (perhaps people taking profits) and then the trend continued was my reasoning for entering. You are right however, a better entry would be as soon as the trend continued.
MrCharts - Thanks for dropping by! My mistake, I thought I followed the setup properly. I will re-read the thread and I will also save all of your images and study them all. Thanks for pointing this out.
Rossini - Hello again... Thanks for the suggestions. I will have another play around with MA's... Although in the past, I seem to play around until they look perfect.... Goes down after a short signal and up after a long signal.... I then move the chart accross a bit and it no longer works! I would like a system with MA's though as I want something that is more mechanical than discretional.
Ccclarett - I don't care what anyone says or who it is fashionable to believe, it is ALL about the money... If it wasn't then it would just be a game, and all games get boring after while.
If I missed any questions out just ask again! I'd also like to thank BBMac for sending me some documents and offering his support. Cheers mate.
Take care all,
Sam.