cynic
- 20 Oct 2007 12:12
rather than pick out individual stocks to trade, it can often be worthwhile to trade the indices themselves, especially in times of high volatility.
for those so inclined, i attach below charts for FTSE and FTSE 250, though one might equally be tempted to trade Dow or S&P, which is significantly broader in its coverage, or even NASDAQ
for ease of reading, i have attached 1 year and 3 month charts in each instance
goldfinger
- 17 Mar 2014 15:13
- 14821 of 21973
Ill hold your coat jimmy.
cynic
- 17 Mar 2014 15:39
- 14822 of 21973
i topped up my own dow short position at 16246 but shall let that run as i would not be at all surprised to see a reality check setting in ..... mind you, my positions are very small beer compared (i suspect) to shortie's
Shortie
- 17 Mar 2014 15:45
- 14823 of 21973
All my bets are proportionate to my portfolio size, expected time traded and risk... :-)
Hence my earlier Wall St bet which if it was smaller would have been left to run..
Shortie
- 17 Mar 2014 16:28
- 14824 of 21973
16250 gone short
Shortie
- 17 Mar 2014 16:46
- 14825 of 21973
Wall St closed for +10
skinny
- 17 Mar 2014 16:47
- 14826 of 21973
Shortie
- 17 Mar 2014 17:23
- 14827 of 21973
The chart suggests a longer term long positon Skinny but note the 200DMA arc, it looks as though it'as nearly topped out.
skinny
- 17 Mar 2014 20:09
- 14828 of 21973
Shortie - I'm not sure atm, I've been busy again today and have only had a punt to the long side which netted @40 points - against the grain I know.
Shortie
- 18 Mar 2014 11:30
- 14829 of 21973
Nice result yesterday Skinny. I just doubled down @ 6552.8... March is looking like its going to be a great month..!
skinny
- 18 Mar 2014 12:55
- 14830 of 21973
Cheers Shortie - in and out again this morning so no position atm - any obvious cause of that run up earlier?
Shortie
- 18 Mar 2014 13:03
- 14831 of 21973
Nope but I'm now carrying a few losses as a result.
skinny
- 18 Mar 2014 13:07
- 14832 of 21973
Only 2.44 points tonight.
I guess maybe Putin saying he had no intention of seizing any other regions of Ukraine helped.
Shortie
- 18 Mar 2014 13:09
- 14833 of 21973
Well he would say that, could you imagine if he said "stage 1 complete, now for the rest of the country!!"..
skinny
- 18 Mar 2014 13:11
- 14834 of 21973
You know how fickle the markets are....
Shortie
- 18 Mar 2014 13:16
- 14835 of 21973
Mmmmm, hopeing for a drop this afternoon otherwise I'm looking to take a few losses and move on.
Shortie
- 18 Mar 2014 13:51
- 14836 of 21973
FTSE exited at loss
skinny
- 18 Mar 2014 13:57
- 14837 of 21973
Bad luck Shortie - I've just gone short @6604.3 - small!
Shortie
- 18 Mar 2014 14:04
- 14838 of 21973
I got a small one at 6600, fingers crossed... I'm running short of portfolio funds at the moment, think it'll be small bets for a while until I've built it back up.
skinny
- 18 Mar 2014 14:19
- 14839 of 21973
Looks like I should have taken notice of my post 14834!!!
Shortie
- 18 Mar 2014 14:19
- 14840 of 21973
Just closed out at another loss.