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FT Article today- MoneyAM Trader - Jules     

Geoff(MoneyAM) - 11 Aug 2003 13:01

daytrading_teacher.jpg

little woman - 13 Aug 2003 19:15 - 14 of 17

I use money-am to watch the price movements using the stock watch facility. If I'm around to trade I also use the trade info(& I pay for level 2) to decide when to buy and also check if the price I'm being offered is good or not. (I also like to see the deal go through!) - Broadband is a must, as I normally have to move between 4 screens on the my 1 screen in less than 15 seconds during which time I have decide if I'm going ahead or not!

I actually make more money using Limit orders - set up through my dealing account on the internet. This involves a lot a work & research to set buy & sell prices. (I was away on a two week residential course in May for 2 weeks and "popped" home every evening mid week for 2 hours to set up new buy & sell limit orders to cover the ones that went through that day! - It was very profitable but not so much fun, and hard work!)

I use the moneyam fundamentals on specific companies to help me work out what price I want to pay for a share and what price I think I can get for a share. So if the buy price of a share drops to the price on the limit order, the share is purchased even if I'm not around.

I also subscribe to itpaysdividends.co.uk (about 20pa) to get info at the weekend about the top 350 shares. A lot of the shares pay dividends, although if I can show a profit of double the dividend I often sell earlier. It also helps in knowing when to buy as shares that go ex divi tend to drop! Itpaysdividend also e-mail a file at the beginning of the month which also contains additional dividend info. I use this spreadsheet to work out predicted dividends and I have my own spreadsheet which I use to quickly work out the lowest price I am prepared to sell a share for against what I pay. With all the other info I establish a sell price and set up a limit order to sell should the share price reach the sell price when I'm not arround.

My dealing account also provide additional info which I sometimes use for my research.

Bullshare - 13 Aug 2003 19:48 - 15 of 17

prometheus : most important of all is to stand your round at a moneyam user do!!!

prometheus - 14 Aug 2003 02:07 - 16 of 17

lol .. THanQ 4 the comprehensive reply - I really appreciate it - though my head's spinning a bit & I haven't even HAD a round yet! "little woman" sounds more like a giant and has slapped my bi-plane into a tailspin! So much 2 do!! Tomorrow (today) I'll take my second step!! ThanX once more!

Kael - 14 Aug 2003 17:53 - 17 of 17

Jess...4 screens lol, 3 would be enough for me! Is one for general entertainment?
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