Golddog
- 23 Jan 2003 13:39
chocolat
- 02 Oct 2004 20:32
- 15151 of 23498
Just popped in for a quick chill, before 20 odd people descend on us for dinner...
Well hello, Greystone - welcome to the mad caff... :)
jeffmack
- 02 Oct 2004 20:45
- 15152 of 23498
can i come for dinner choccie
Socrates
- 02 Oct 2004 21:02
- 15153 of 23498
Great result to the share game, it was quite fun and I learned a lot. I'm grateful to my supportive team and am pleased that we agreed on a strategy that, given a couple of weeks more, might have put us up there with the leaders.
chocolat
- 03 Oct 2004 04:24
- 15154 of 23498
It's that time again... brekkie!!! Came in to put some music on, and realised I'm still online :) Jeffie - did you get lost?
Gawd, got to clear this lot up some time soon...
jj50
- 03 Oct 2004 10:52
- 15155 of 23498
Morning all. Clitheroe was great. Haven't had time to read all the posts but just in for a quick coffee.
Fundy - did you get the house?
Opto - the one message "preached" at Clitheroe was USE STOP LOSSES AND ONLY EVER MOVE THEM UP, NOT DOWN! Guess what I am going to do this morning...
The North Westers gave us great hospitality, so thanks to all of them. Good to put faces to names.
Hope the kids had a great party choccie and that you are back home safely, amber.
Stockbunny, champagne in your orange juice this morning, you did us proud as captain of the Ladies Team or should I say ladies plus one male now that we have met maggiebunton. :-))
optomistic
- 03 Oct 2004 11:12
- 15156 of 23498
Good Morning jj. Thanks for info on stops, must pass this on to Bunny
optomistic
- 03 Oct 2004 11:19
- 15157 of 23498
jj, you still there? Back to stops, what guides were given as to where to set them please.
jj50
- 03 Oct 2004 11:35
- 15158 of 23498
Opto - they were keeping the stops VERY tight. The only percentage mentioned was by Sputnik who said you should never have it greater than 1%/2% max of your total portfolio, but when I thought about it later, that could be a big drop depending on portfolio size! He also stressed using trailing stop losses but only going upwards, never moving down (which I do). I agree with you that I have found so many times it has triggered when I don't want it to and that is why I have become so casual. Then again, I am sitting on some pretty big losses, naively confident that they will come back up (or more likely be sold at end of tax year!). I have also had some go through stop losses on profit warnings and didn't know you can pay a bit extra and have "guaranteed" stop losses so they will compensate if it drops further. All of the speakers reiterated the same message, get out if it is dropping.
I have known for some time my own portfolio is too unwieldy and I think the experts are assuming fewer stocks over a short/medium term so it is easier in that scenario to get out quickly and reinvest. Course was very professional, I would recommend.
jj50
- 03 Oct 2004 11:36
- 15159 of 23498
I should also have mentioned the focus totally was on using charts and recognising patterns and points of resistance/support, so you would set your stop at the turning point. This I do!
optomistic
- 03 Oct 2004 11:51
- 15160 of 23498
jj Thanks again. I have the same tendancy as you, to hold too many stocks, and I don't think we are alone here!
Two camps I believe I investing: Spread your investment in a lot of stocks or invest in just a few and monitor them more closely. I am tending to favour the second scenario, but it can take a while to consolidate to this position particularly when waiting for some to recover(LOL) but that is the way I intend to move in the future, decission taken only last week!
Now for a large pot of tea.
amberjane
- 03 Oct 2004 11:55
- 15161 of 23498
Morning JJ, really pleased to have met you yesterday and choccie and that you got back to your hotel OK. I had to go back to car down alley and a club was turning out round the back so it was a bit scary. There was a bit of confusion with the bookings at my hotel. All the rooms had been block booked for MAM but I think when people were calling they were told it was full, thinking people were going thru tony, but the hotel received no names. Anyhow when we got back at midnite the manager said noone else had booked in so I had a choice of rooms, got the 4 poster of course!!! But it was a waste as soom had to get cabs to their hotel and come back for their car in morning. The chap I met that lives near me did just that, so we had coffee and also met up half way back for a break as well which was really nice. Shame you live so far I feel we could have some good chats. Heard mention that there may be one in London March/April? will wait to hear.
optomistic
- 03 Oct 2004 11:57
- 15162 of 23498
jj. re tight stops, these must be a problem, always being triggered by spikes. I think to set it lower just to protect against major losses would be more suitable for my trading levels. (enough but not anything that will worry the institutions) lol
amberjane
- 03 Oct 2004 12:00
- 15163 of 23498
Morning Opto and anyone else here, sorry I have a lot of posts to catch up so will do later. Clitheroe long way, with traffic took 7 hours to get there! coming home no problems so 4.1/4 hours (although stopped for 2 hours for coffee) had great time and met lots of new people.
optomistic
- 03 Oct 2004 12:03
- 15164 of 23498
Morning Amber, 2 hours for coffee, that is a lot of coffee, bet you had to stop again in half hour :-))
See any speed cameras?
amberjane
- 03 Oct 2004 12:09
- 15165 of 23498
I hope I've escaped them all Opto but yes saw quite a few, didnt take my car though so that helped!!!
jj50
- 03 Oct 2004 12:40
- 15166 of 23498
Amber, good morning. You should have come to my hotel. They were locking up as I arrived back but was given key to fire escape!!! Thought of coming back to meet you but fell on to my corrugated mattressed bed instead - four poster would have been much better. Despite getting train at crack of dawn it was delayed for three hours at Lancaster (as we had gone through a red light), so "stuff" saving the environment, back in to my car again for the next twenty years!!! It would be good to meet up again. Trying to recall chap who lives near you!!
Think you're right opto. I used to work on 20% whereas they inferred much less than 5%. I am also not trading CFDs yet (intend to) so have stamp duty to consider and all strong advice favoured trading Dow not FTSE. It was interesting though. I have liked the CGT advantages of AIM but don't think most would touch them.
amberjane
- 03 Oct 2004 13:01
- 15167 of 23498
Jen, hope he doesnt read that, 'trying to recall chap...' :>) I know what you mean., met so many people, he was the tall dark handsome charming one! (just in case he does read this!) no he doesnt really post so just didnt want to mention his name, nothing else. Sorry you had trouble with your journey, yes I should have taken your mobile, you could have come for breakfast, with the hotel empty there was room...the even greater thing was... edit sorry(sending sep email)!
Socrates
- 03 Oct 2004 15:02
- 15168 of 23498
Hello, wet afternoon here in 'nam.
optomistic
- 03 Oct 2004 15:10
- 15169 of 23498
Is that Viet or Chelt. but it is wet here as well. north of Sheffield
Hello Socs
chocolat
- 03 Oct 2004 15:22
- 15170 of 23498
Wet all round then.
G'dafternoon boys.
Mind you, it was even wetter last night as we stood shin deep in water down the cellar 2 hours before the big invasion...a bit of a pump-nonfunction moment, that was.