how do you see the dow index going today Dow Jones and S&P commentary: Signal Watch Dr Bob Hard Right Edge Raptor Research Charting by Snoball: Dow Chart S&P Chart Drinks & Break Time at: GD's Famous Tea Room & Watering Hole"

DOW JONES @ LIVECHARTS

Jules99

i, like you, ready to take the leap into trading indices, going long/short of UK shares....how has your start been and what convinced you to make the jump? any tips on taking the plunge?

i've been following this thread for a cpl wks now - everyone so focused!

where else are you going for inspiration/courage?

Zarif/Snoball/et al - keep this thread going, it's great motivation.

cheers

tammy

Terod, I learnt EVRYTHING i know by following Zarif ans snowball...trust me 2 wks back never sniffed or payed attention, was researching and thnking of taking the Big risk...I've been lucky so far...

But try doing small potatoes first and that way it's easier on the nerves...


i.e $5 a point or less that way you dont sweat too much...not that u sweat ..lol..

I'm short till 9358 now...phewww!


Good Luck...

thanks jules99 - do you use grte'd stops or just sweat it!

i need a push over the edge.....i'm with e-trade at present and they do CFD's, i've cash in the bank....what was you v.first trade? if you don't mind my asking (that goes to you too, zarif/snowball). on DOW or FTSE? and why did you choose your lng or shrt - ie. was it just an educated guess or did you read something somewhere?

Also, are you glued to screen from open to close (i've 3 little 'darlings' who i ferry around) and although have some free/clear days without them it's often a case of one eye on them, one of the screen - TALK ABOUT STRESSSSSSSSSSS, do i really need to add to it - YES, if it's profitable!

thanks again,

t.

Terod:
Jules is too modest -She is clever and a very good learner,It is all her work and belief in what she does that has paid her dividends. Me,Snoball.Megabuks et al are just instruments it is her the Craftsperson that is in charge.
"As they say You have to break open a few Eggs to make an omelete" and that is the same analogy with doing the first step to trade.
I found that the footsie was too stagnant for me and dow has more volatility ( did you see the leap up by 60-80pts at 13.30gmt -Well that is when iwas glad that i had left the trade open without stoplosses. I usually trail the stop losses as the matket moves.
Play it small and learn with what u are comfortable with.Forget these 50/pts etc.
think of it as a game -and play
rgds
zarif

Terod:
Watch the market and it does not matter whether you take along or short in the beginning as long as you do a minimum /pt as soon as the trade is going wrong put another in the right way and close the ist one off before it makes ahefty loss etc.
Do paper trading etc: But things happen on the live trade even if its only 1p/pt etc

rgds
zarif

evening all,

short dow with tight s/loss

Hope you enjoy your evening and weekend:-)

Mega...

zarif

sound advice, thanks. i'll start next week. i'll keep tagging on this thread, if you all don't mind - with any luck, i'll have something useful/positive to add soon.

have a nice weekend.

kr.

terod.

The worst thing that could get DOW upto 10000 now would eb if Bin laden caught...but then eventually it would come down...


2 massive leap frog days need to be erased sometime next 1/2 weeks...Profit takers and US shorters will be going for the kill...

Jules99

gut feeling we are going down:-)

Mega...

like a lead balloon down we go :-)

Mega...

covered +32

Mega...

Mega: Jules:
Quite right - I think it will be a slippery slope - Any way i am ready for the ride all the way down>
Oh by the way didnot lose the dosh -did some jiggery pokery and stayed ahead with longs and shorts(small ones)n at heavy gearing _ in the green.
rgds
zarif

you got away with it this time but beware it can be very vicious:-)

Mega...

Terod:
you are most welcome and no matter what you want to say,ask or comment on whether be good or bad -doesnot matter feel free and that is the only way we can help each other and learn from each other.
The idea is to have fun while trading.
We look forward to hearing from you.
rgds
zarif

Approaching 9600.
Is it going to stay up here?
Good luck terod and I agree with zarif.
Trade real trades at pennies per point.
Don't risk more than you can afford to lose.
My trading on the Dow has mostly been bad.
I just don't risk much.

short again:-)

Mega...

I should add, terod, that I am trying not to guess where the market is going.
The thing to do is to follow it. That's my opinion, anyway.

There goes 9600.

Megabucks:
You telling me - my teeth are still chattering!!!!!
I think I will now have a camomile or peppermint tea to calm me nerves down _ ON THE OTHER HAND A PITCHER OF THE USUAL ANEASTHETIC FROM DRAM OF SCOTLAND WILL go down the tubes nicely!!!!

Salut
have agood weekend
rgds
zarif

thats it folks for the weekend,have had a bloody good week not played the dow much but at the end of the day have made a nice sum:-)

Mega...