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

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.

washlander
Some information on on http://www.ftsedow.com/ta/ta.htm#divi

Also the dividends for the week ahead are on the Sunday Traders thread which are normally posted about 1pm. They are also on www.ftsedow.com.
To save you waiting however this weeks are
Ex Dividend: AG Barr (8.5), Amersham (2.85), Amstrad (2.2),Barratt Developments (12.32), BPP (4.4), Capital & Regional (4), Chaucer Holdings (0.65), Daejan Holdings (33), Development Securities (1.8), FKI (0.3), First Choice Holidays (1.6), Henry Boot (4), Hiscox (1.3), Huntleigh Technology (2.7), James Beattie (3.5), James Fisher (2.47), JKX Oil & Gas (0.25), Johnson Service (4), Keller Group (3.45), Kidde (0.89), Kier Group (11.2), MFI Furniture (1.8), Mersey Docks & Harbour (7.1), Metalrax Group (1.65), Ottakars (2), PZ Cussons (21.5), Paladin Resources (0.525), RPS Group (0.88), Rentokil Initial (1.75), Secure Trust Banking (10.5), Travis Perkins (7.6), Trinity Mirror (5.5), Vitec Group (6.1), Weir Group (3.35), Wolseley (15.6)

Thanks very much crocodile much appreciated. Not finished with you yet :-)
I am looking at the DATA BANK on Satdurdays FT, showing results due next week. Final dividends and interim divs. Is this the information you are refering to. Also if I buy shares that are about to produce interim divs would I be entitled to the divs or would I only be entitled to the full divs when then became due, of course I would have to be holding those shares on the date.
Finally for now what does "Whipsawed mean"
Really green thanking you in advance.