It is not necessarily 'work'.

In momemtum trading you have a method and pattern trade. In my own experience with a good method and pattern there are probably only 30-50 equities that 'qualify' and it may only take a couple of hours to find. But I may only refresh this once a quarter. Then I run the method. Done well this will make a profit on 3 out of 4 trades.

You can get clever and make side bets in the options markets - there are some mechanisms that will make you small amounts of money very consistently. Trades that retail investors can take advantage of, that institutional investors can't do.

 

Now you are dreaming!!!

I thought of buying one but I think it would be too fast for me to handle

 

This is something close to my heart as well.

Starting a new business is a gamble and many people fail. Yet, when wee Jimmy's Plumbing Service goes down the pan all his friends/family are sympathetic, understanding and pat him on the back for breaking the mould and giving his own business a go.

However, if I ever have to turn round to my friends and family and tell them I can't make a living at poker any more they are more likely to turn round and say, "told you so..."

 

You're a VAG *****

 

A good gamble though at 250% up.

Any share is a gamble though really.

Chip

 

Been there, done that.

Chip

 

I admit I tend to do this and it does get to me sometimes, I've also got no plan , stop loss or anything else, I just buy and sell when the mood takes me and I can honestly say I have done very well out of it as I am now retired at 49.

Chip

 

Its only a gamble if you're doing it blindly without a strategy......

 

I disagree as surely a share price could collapse at any time whereas at least if you had money in say premium bonds or a bank ISA.

Chip

 

One of our guys had a loose stop loss on an option play earlier this week. He's had a number of meetings with management the past few days, let's just say.

Avoiding becoming married to a position is the hardest lesson of all to learn, in my opinion.

 

Standard Life back up to 194 right now. I think it touched 160 yesterday. I would have bought again there. Same for another stock that I own, Afren. Would have bought at 85, just was away working yesterday so missed it.

Anyway, it's difficult to call that the bottom. I guess there's every chance that we could head down there again, or lower. If not, that's fine by me too!

 

exactly, so if you have an exit strategy in case things turn sour then there is no gamble as such.....to me a gamble is taking a view on something due to gut feeling.....i would never trade on gut instinct alone...there is however no certainty with stocks, all you can do is stack the "odds" in your favour as much as possible and know when enough is enough on the downside

Premium bonds aren't an investment they have no inflation protection, all you get is however many lottery tickets....

 

Well i made a few hundred on mcro this morning ,bought at 297 a few weeks ago ( and should have sold again next day )

Was sitting around doing nothing sweet fa for couple weeks then this crisis came along and the recovery bumped it back up to 310

Thatll do me for this week

 

Now that hurts

 

completely right!

Getting married to a position is emotion taking precedence over logic....the old buffet once said "the market can stay irrational longer than you can stay solvent".....a lot of people would have learnt this lesson over the past fortnight!

So many retail investors think that because a share was at say 200 and now is at 100 then it is a good time to buy....as a broker i would always hear clients say "this can't keep going up", "this looks cheap".....all of which is nonsense

 

Some people smoke and live to one hundred; it doesn't give a great foundation for NHS policy though

 

Should have lost rockhopper when i had the chance , what a joke

 

But at least you will never lose your money on P bonds.

 

risk = reward

it doesn't work in any other forumla than that

 

Market rumour, French bank on the verge of going under, Sarkozy in emergency talks....

 

SocGen down 16%, hmmm i wonder who's in trouble then

 

how dare you speculate you spiv

 

SocGen has felt like it's been frantically plugging leaks ever since the rogue trader scandal. Stock in freefall, CHF exposure rumours. We don't need a bank to collapse, we really don't.

 

buy RBS it "looks" cheap

 

I swear i won't poke this back in your face when it's at 50, promise

 

i just bought RBS.....bought them back after i shorted them this morn...

I'm only playing Tel, but it services my point that if you arent happy to hold through volatility and you are looking for a quick buck this market is not for the novice....

 

If France or Germany get a credit downgrade, which is on the cards potentially, this euro issue will explode!

 

At the moment it feels like Armageddon is back on the cards doesn't it. Something major has to happen for a proper blow-out i think. Scary amounts of red around.

 

SocGen was not present at meeting with Sarkozy.....also the French deny any ratings downgrade threat......

These markets still so brittle, its all a confidence thing and that's one attribute the world is shy of right now!

 

SogGen to be nationalised? Could happen.