We have lots of experienced traders on MoneyAM who would be glad to help if you have any trading questions.

Thanks Dominic.
Hello Little woman. I have level 11 [i paid for the top service with moneyam]. However I do not see anything on the level 11 screen other then the edit display that I can enter anything in. This only appears to allow me to change the default colours.
Sorry to be a pain.

Washlander - can you see the words "BUY ORDERS filter(%)?

Washlander. On the image above you will see 2 white boxes under the yellow strip on SETS stocks only, these are the % filters for the order book.

Mike

Just click your mouse in the box and you can then enter a number

I do not have that on mY screen. Is that because I am lookig at RTD? and not at a blue chip stock.
Thanks again.

Washlander - yes. It's not on SEAQ stocks.

I was caught out with this one, though. You just put in the figure in the box (on SETS and SETSMM screens only) and it automatically cuts out the prices below that figure. I tend to use 1 or 2 per cent for quick day trading, to show just the offers and bids that are really interested in the current price or thereabouts. It depends on the likely swing in the next five or ten minutes or so; I gauge (guess) this from the five-day charts. For longer-term trades you will probably need a considerably larger figure.

Zoltar

Quote: "It should jump out at you"

Very enigmatic.

Has it really made a difference to your trading?

Yes - as far as stock selection goes....I can whizz through stock charts on Sharescope to see which ones I'm interested in.
Still got to get timing right though....which is easier said than done!
ZOLTAR

Zoltar

Would you then reccomend the course you went on to others?
Who ran it?
How much do they cost?

Has anyone else found useful training anywhere?

Firstcall

http://www.glomtc.com

Firstcall.
It all depends how much time you want to put in and how much you want to spend.
I like books.....you get much more for your money, and you learn at your own pace. Courses are much more expensive, and you get lots of information put in front of you in a very short time - easy to miss things.
I went on the GLOMTC trading course, which cost 350. It was very good, and was run by David Jones (limpsfield chartist) and Mike Boydell (bullshare).
Was it worth the money? hmmmmmmmmmmm???? On balance yes, even though I'd already learnt lots from my books - I've got most of the common ones that everyone talks about. But they emphasize which are the most important things.....coz there's lots of 'non information' on trading that just acts as a distraction.
In this game knowledge is power......and there's lots to learn and lots of traps and pitfalls.......which I've been caught in many times......and still do......I'm only just learning that spreadbet companies are b******rds, especially their rip off spreads.......and put a stop on something and it becomes almost magnetic for their quotes...but enough moaning...
Overall, it depends how serious you want to take things and how much money you want to spend.
Hope this helps
ZOLTAR

.....and one other thing. You need your own software. Sharescope is the best use of twelve quid a month I've ever spent. It's all too easy to just rely on a few people's postings on a bb, but you need to do your own thing to ever make it trading...not that I'm saying I have coz I haven't.....but I know you won't ever improve at all, not even on to the first rung of the long learning ladder, if you just take others' tips. And sharescope gives all the fundies and charty stuff you need....
ZOLTAR

Can you please explain why, after acting on your tip (Cytomyx Holdings), It would seem I have lost substantially as a result of consolidation. I originally tried to purchase 8000 of stock at the end of Dec 2003, however I could at that time only purchase blocks of 25,000 shares @ 1.65p (412.50)
Two days later I found I could purchase 8000 of stock which I did at 1.75p.
The following day I received a letter from my stockbroker informing me that subject to approval at an EGM to be held on 12 Jan 2004 that the ordinary shares would be consolidated at 2.5p for every 25 ordinary 0.1p share. This effectively valued my holding at approx 6500 a loss of nearly 2000. Surely this cannot be correct. can you comment please

All shares are given a notional value when they are first issued, which never changes. What you pay for the share is the traded price not the notional price.

You bought ordinary shares of 0.1p for for the amount they traded at of 1.75p

The consolidated shares are just the notional price being increased, to reduce the amount of shares in issue.

I was looking at the share price, and in dec 03 it was trading between 30-40p so I don't understand how you paid 1.75p

You should expect the trade price to change in line with the change in shares in issue.

For anyone who needed proof of why looking at the buys & sells trades are misleading, take a look at TGM.

Currently only two trades. The second one is recorded as a sell because of the price. I infact bought 582 shares @ 149.50 for my long term portfolio. I saw the price my broker was prepared to sell the shares for and I couldn't refuse.

I suspect the broker had some shares he wanted to sell, and thats why I got such a good price. Prices are dictated a lot of the time by how much stock the broker has available, within the bid & offer prices which are dictated by the MM.

Anyone suggest a good book I could buy that would show me how to use graphs properly. I intend to go on a one day course in the near future and feel it would be beneficial if I had a basic understanding, when it come to reading resistance points in realtion to volume and price.
Thanks in advance.

(New user) How do I find last reference to a Company from the very long list in Investors Room? Is there an index ? eg today I looked for Vislink.

Graandma,

If you click on the Search button at the top you will be given a number of options to search for.

Regards

Ian

Thanks for prompt reply. xx Grandma

You may also find the EPIC box is case sensitive!