Any tips for bargain shares?
10 August 2011, 11:41 AM
#91
Scooby Regular
iTrader: (1)
Join Date: Jan 1999
Location: UK
Posts: 15,271
Likes: 0
Received 0 Likes
on
0 Posts
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.
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.
10 August 2011, 11:49 AM
#93
Scooby Regular
Join Date: Mar 2002
Posts: 14,629
Likes: 0
Received 0 Likes
on
0 Posts
You are right alan, the problem with being an active trader is it kind of flies in the face of general social acceptance. For example if i take a loss on a trade i have lost money, when you tell people this is good they don't understand, but the reality is losses are natural in trading the right thing to do is cut them at a disciplined and accepted level.
When you plan a trade and you have an exit strategy you know what your loss is going to be so it also helps you attribute the right capital to the trade in question.
When you plan a trade and you have an exit strategy you know what your loss is going to be so it also helps you attribute the right capital to the trade in question.
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..."
10 August 2011, 01:19 PM
#95
Scooby Regular
Join Date: Feb 1999
Location: Cardiff. Wales
Posts: 11,758
Likes: 0
Received 0 Likes
on
0 Posts
10 August 2011, 01:27 PM
#97
Scooby Regular
Join Date: Feb 1999
Location: Cardiff. Wales
Posts: 11,758
Likes: 0
Received 0 Likes
on
0 Posts
The most exciting way of losing money as a trading novice is to sit in front of the ticker!!! Even if you have a trading plan!!
Use a stop loss and trade your plan; don't watch the wind blowing through the market otherwise you will get blown away. I speak from experience of burning through some 'learning' money!!!!
Use a stop loss and trade your plan; don't watch the wind blowing through the market otherwise you will get blown away. I speak from experience of burning through some 'learning' money!!!!
Chip
10 August 2011, 01:29 PM
#98
Scooby Regular
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes
on
0 Posts
10 August 2011, 01:33 PM
#99
Scooby Regular
Join Date: Feb 1999
Location: Cardiff. Wales
Posts: 11,758
Likes: 0
Received 0 Likes
on
0 Posts
10 August 2011, 01:34 PM
#100
Scooby Regular
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
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.
Avoiding becoming married to a position is the hardest lesson of all to learn, in my opinion.
10 August 2011, 01:41 PM
#101
Scooby Regular
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!
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!
10 August 2011, 01:56 PM
#102
Scooby Regular
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes
on
0 Posts
Premium bonds aren't an investment they have no inflation protection, all you get is however many lottery tickets....
10 August 2011, 01:58 PM
#103
Scooby Regular
Join Date: Nov 2003
Location: riding the crest of a wave ...
Posts: 46,493
Likes: 0
Received 13 Likes
on
12 Posts
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
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
Last edited by dpb; 10 August 2011 at 01:59 PM.
10 August 2011, 01:59 PM
#105
Scooby Regular
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes
on
0 Posts
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
10 August 2011, 02:39 PM
#108
Scooby Regular
Join Date: Feb 1999
Location: Cardiff. Wales
Posts: 11,758
Likes: 0
Received 0 Likes
on
0 Posts
10 August 2011, 03:00 PM
#113
Scooby Regular
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
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.
10 August 2011, 03:05 PM
#114
Scooby Regular
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes
on
0 Posts
10 August 2011, 03:16 PM
#116
Scooby Regular
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes
on
0 Posts
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....
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....
10 August 2011, 03:22 PM
#118
Scooby Regular
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
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.
10 August 2011, 03:25 PM
#119
Scooby Regular
Join Date: Jun 2005
Location: Shell petrol station
Posts: 4,495
Likes: 0
Received 0 Likes
on
0 Posts
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!
These markets still so brittle, its all a confidence thing and that's one attribute the world is shy of right now!