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

Zoltar Have a look at the chart on th Traders Thread as a good example
Micro trends during the day do break to often and are not worth trading. But the longer term are very reliable as can be seen in the chart.
What do you think?
D.

Jules99
BT is a tracker and so has a very strong correlation to the daily movements of the FTSE
If you go long BT the majority of the time you are going long on the UK market.
If you trade a few times a day have a look at GNI where you can trade either side of the order book
This means if BT is 185 Bid 186.5 offer you can place an order to buy at the 185 or sell at 186.5p.
Effectively being in profit as soon as your order is filled less your dealings costs. This can be a big advantage!
D.

Could anyone guide me to a readable source for option trading and where is perhaps the better traders to deal with or website? thx

Gausie
thought id saved it but now missing.
it was a thread about MAM.
will persevere
rod

Welcome to the LSE Casino All!!!

Sod The Data and all that!!

From a Day Traders point of view BTW!!

:-)

Jeff

Thanks for that Croc...

p.s I heard or read Barclays do CFD's too now...Can anyone confirm and is the service any good?


Ta.
Jules99.

TTT

Gausie/Croc.
Great stuff on this thread.
One thing which I think I asked wrong before; How is the best way to tell if the market is trending or in a trading range? Does it even matter? If you have correctly identified support, and your exit point is close, you should still be able to put the trade on. However, if a stock has fallen to support because the trend is down the trade should not be taken, but if it has fallen because we are range bound, it should be.
Also, and this could be a big topic, how can a small guy using a home PC with sharescope EOD hope to develop and back test a system? If, like me, you still have to do that old fashioned thing called 'work', you are not likely to have an army of subordinates to write tailor made software and spend thousands of man hours in system development. Any back testing the small guy does is likely to be of too small a size to be complete, as the data sample will often all be within a bull or bear run. Also, it will contain plenty of errors, omit times when signals are generated and then quickly nullified, and could even be based on erroneous assumptions and principles. Without being able to test lots of data the small guy's 'system' is surely doomed before the first trade is made. Tight money management and all the discipline in the world won't help you if your trading system is flawed.
Thanks Guys
ZOLTAR

Zoltar
I believe you can backtest your TA trading ideas with Updata
http://www.updata.co.uk/TA/simulator&Community.asp
D.

Curses! I thought the Crocodile had asked a question. I was all set to give him an answer ;-)

Croc: A few days ago I noticed some really dopey sales on DYS. Five trades adding up to about 90 shares in total. Is it possible they were testing a BOT which they switched on yesterday? The sales yesterday and today are suspiciously similar in size and timing. But a BOT on a SEAQ stock?

vasey
It is indeed very unusual but not impossible. Did the share price move in the that direction in the days following?
D.

It only became obvious yesterday afternoon. Previous sales could have been profit-taking as the share has recently made all-tine highs. Bargain size was also matching the normal advertised number of shares each MM was advertising. There has been some consistent buying in the last few weeks which has always been mopped up and matched with sells. But yesterday was a sudden attack of sells, causing the share to drop 4.5% in 19 minutes! It has dropped back further today.

crocodile new investor 3 months fairly good results upto now,but i bought 10000 ams at 13p and 100000 arc at 0.023p as these have now dropped so much should i sell,and take loss or hang in there, your advice welcome.

Roma

Well done for a good start!

As you know I cant tell you whether
you should buy or sell the stocks above. Regarding ARC the chart looks very weak
with the next stop possibly at 1p. Advanced medical is a little more interesting
in that it is still above its recent support line. If it drops through this
level then you could have problems.

I wish you the best of luck with them
and recommend you apply strict stop losses on all your positions and do the hard
thing which is to stick to them :-)

D.

 

crocodile. your comments noted.thanks for your help.

Good Advice Croc...!

From another newbie.
If I wanted to take advantage of divedends.
1] How would I know when they are due-Where would I look.
2] When would be the best time to buy.
3] How long would I need to hold to qualify.
Thanks in advance.