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
cynic
- 28 Nov 2007 17:36
- 314 of 21973
100k even in BRR is not too horrendous though NMS is only 15,000.
don't forget that of course 1p = 1000 in both directions!
Toya
- 28 Nov 2007 17:40
- 315 of 21973
I already said as much re converse scenario. NMS on line is about that, but sometimes more. Failing that, there's always the phone to reach for to place an order.
I could be spending a bit of time at the computer over the next few days!
ptholden
- 28 Nov 2007 18:10
- 316 of 21973
Good grief, I'm knackered! Must work up the energy to do some 'work' :S
Toya
- 28 Nov 2007 18:31
- 317 of 21973
Sounds like you've had a good day, while the rest of us have been enjoying ourselves at our screens and can now go out to play!
ptholden
- 28 Nov 2007 18:33
- 318 of 21973
Well you should most certainly have a good play on your birthday, have a good one, don't drink too much now ;)
Toya
- 28 Nov 2007 18:38
- 319 of 21973
I won't be driving, so I won't be striving to stay too sober!
Falcothou
- 28 Nov 2007 19:58
- 320 of 21973
Dow reaction is perhaps similar to a man that has stepped on a land mine blowing both legs off and after taking a vial of morphine finds the whole situation hysterical!
cynic
- 28 Nov 2007 20:05
- 321 of 21973
that as may be, though the analogy barely fits ..... meanwhile, it has been a great chance to make some quite serious dosh while remaining well protected with stops ..... ditto FTSE
cynic
- 28 Nov 2007 21:11
- 322 of 21973
and in fact got stopped out of Dow at 13260 ..... oh dear! .... only +352 in 24 hours or so ..... bank manager will be very pleased .... meanwhile, FTSE position still alive and +198 ..... wow! to think i nearly shut it down this morning when all looking a bit dodgy
spitfire43
- 28 Nov 2007 21:43
- 323 of 21973
Like the analogy. Have been sidelined for last week licking my wounds, but will take a position on FTSE tomorrow, favouring a long at the moment but will decide in morning. Can't let you chaps have all the fun.
cynic
- 29 Nov 2007 08:28
- 324 of 21973
DOW
looking back at an old(ish) chart, 13255 was an important resistance/support ..... i think that chart still holds good, but shall try to check during the day .... if it is still valid, then be prepared for a reaction, perhaps quite sharp, especially given the headlong rush upwards of the last couple of days
cynic
- 29 Nov 2007 08:52
- 325 of 21973
FTSE
was stopped out at 6315, but scarcely complaining even if market has turned back north once more.
in honesty, i am now more inclined to be short of the indices than long, as there is a strong likelihood that the recovery has been too mcuh too fast ...... but may well just stay neutral
spitfire43
- 29 Nov 2007 09:28
- 326 of 21973
I'm also leaning towards shorting in general, but today feel more inclined to go long, will wait for ftse to settle down first. It's a hard call today because I wouldn't be surprised to see a pullback at some stage.
Might even sit today out if not sure.
BigTed
- 29 Nov 2007 09:29
- 327 of 21973
buy when red, sell when blue...
cynic
- 29 Nov 2007 09:40
- 328 of 21973
how red and how blue? ...... far too simplistic a statement
Stan
- 29 Nov 2007 10:00
- 329 of 21973
Simplicity can often be the best policy..but not always.
BigTed
- 29 Nov 2007 10:12
- 330 of 21973
in today's market, would rather buy when all doom and gloom then gamble on a fools rally (ie after 3/4 days of gains...) lets face it, the bad news from the states is far from over...
ptholden
- 29 Nov 2007 10:48
- 331 of 21973
Ted, you are totally right re bad news, problem is the yanks don't seem to be bothered by that rather salient fact, quite nuts!!
cynic
- 29 Nov 2007 10:53
- 332 of 21973
have decided that shorting the indices at current levels is too risky and shall stay neutral for the time being
Stan .... do not confuse simplicity with simplistic!
spitfire43
- 29 Nov 2007 10:55
- 333 of 21973
decided to sit on my hands today, no real direction on the ftse, would favour going short now. But too much of a gamble.