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
- 16 Dec 2014 17:51
- 17069 of 21973
Right off for me tea, it had better be in the oven .........LOL.
cynic
- 16 Dec 2014 18:37
- 17070 of 21973
dow
unbelievable .... all the way down; all the way up and now back to where it closed last night
doubt if there's good cause though haven't checked
Shortie
- 17 Dec 2014 11:46
- 17071 of 21973
Maybe this afternoons session will be worth trading... I closed my drive home position when I got in last night, it was around +20pts but was a small position.
goldfinger
- 17 Dec 2014 15:35
- 17072 of 21973
Very volatile markets in the US.
Shortie
- 17 Dec 2014 15:47
- 17073 of 21973
Yep, 6330 right now the FTSE and contemplating going short.
skinny
- 17 Dec 2014 15:58
- 17074 of 21973
Oil on the up.
Shortie
- 17 Dec 2014 16:05
- 17075 of 21973
skinny
- 17 Dec 2014 16:06
- 17076 of 21973
Shortie
- 17 Dec 2014 16:17
- 17077 of 21973
No doubt linked to Rouble buying I think.
cynic
- 17 Dec 2014 16:39
- 17078 of 21973
i keep my fingers crossed, but i think we may see a decent rally on dow that actually holds through the close
first target is 17200, but hopefully that won't prove too great a hurdle
Shortie
- 17 Dec 2014 16:43
- 17079 of 21973
I'm firmly hoping to see it all crash and burn... Can't change economic forecasts showing a global economic slowdown and rightly so.... Whilst prices have been increasing wages have been stagnant for years, all points one way in my eyes..
Shortie
- 17 Dec 2014 16:44
- 17080 of 21973
6340 gone short
Chris Carson
- 17 Dec 2014 16:51
- 17081 of 21973
Closed Ftse long for £1k profit and opened a Ftse short @ 6345 at the close. Easy innit!
LOL The above of course is on my all singing dancing City Index Demo Account :0) £25 a point. Just would not have the bottle to do that on a real live account.
cynic
- 17 Dec 2014 16:52
- 17082 of 21973
i didn't say the sunlit uplands were beckoning, but as you well know, even dead cats can bounce quite high :-)
Shortie
- 17 Dec 2014 17:07
- 17083 of 21973
That's the reason why demo accounts are a complete waste of time for anything other than to familiarise yourself with the platform... Well said Chris, its always a completely different trade when you introduce a real risk, the secret is managing that risk!!
Chris Carson
- 17 Dec 2014 17:11
- 17084 of 21973
Exactly Shortie, I do like the platform very bright wearing sun glasses at first. Will need to study it over the Xmas hols, seems complicated but probably isn't.
Shortie
- 17 Dec 2014 17:16
- 17085 of 21973
The app is good also, I think for me the worst thing is having to call them to withdraw money from my account, where as you can fund online. Are you using a computer and if so are you logged into the AdvantageWeb platform? That's what I use.
cynic
- 17 Dec 2014 17:22
- 17086 of 21973
IG allows you to send or withdraw money instantaneously on line
Chris Carson
- 17 Dec 2014 17:23
- 17087 of 21973
Yep Shortie Advantage Web.
Shortie
- 17 Dec 2014 17:34
- 17088 of 21973
Pretty hefty what the Russian central bank has done today...
http://www.bloomberg.com/news/2014-12-17/ruble-extends-worst-slide-since-1998-as-russia-crisis-worsens.html It won't be enough though and will only delay the inevitable... Foreign currency is what the country needs in the form of loans, without it the Rouble will be worthless. Increasing interest rates can't prompt investment with the current sanctions in place, wrong tool for the job... Like using a sander to split logs..!