goldfinger
- 19 Mar 2013 13:57
aldwickk
- 04 Sep 2014 11:52
- 2081 of 2763
Long on ITV @219 , with stop 215
Is the hanging man a up trend or down sign today ?
goldfinger
- 04 Sep 2014 13:32
- 2082 of 2763
Alders always wait for the days after candle to CONFIRM what you see today is the 'law of the land' with candlesticks.
Great to see you getting stuck in.
aldwickk
- 07 Sep 2014 17:26
- 2088 of 2763
goldfinger
just want to know if I read your advice right. , as I am only SB with a £1,000 cash pot is your 2:2 betting plan right for this small sum ?
And have i read it right that you keep risk to 2% which would mean £20 of cash pot, and do you limit your trades to 2% divided by share price = number of shares to buy, which would be 2% divided by 120p = 60 add 00 = 6,000 shares. and in my case i could bet up to £20 a point, but more likely for me £1 to £5 depending on the share
Am long on ITV @219 & 221
goldfinger
- 07 Sep 2014 21:23
- 2089 of 2763
Alders yep the golden Rule is lose no less than 2% of your Starting Capital (on anyone bet) which in your case as you say is £20 quid . This doesnt give you much room to manouvere. Hardly any if you have anything bigger than a £1 bet.
BUT as Chris said the other day because your starting up as a newbie on Spread Betting that 2% doesnt give you many alternatives and he was talking of just looking at one stock.
Hes probably half right Id say look at 2 stocks and play the market that way.
ANYWAY hopefully at the end of this week im going to come out with my NEW PLAN and it means losing less than 2% of your starting capital on anyone bet.
I tell you what if your up for it we could work through the System here on this thread and we'l start right from the beginning incorporating my system above at the top of this thread step by step until you know it inside out.
Its best to practicaly work through it bit by bit.
If your in favour just say yes.
I have no probs in the time it takes dont forget over 1200 people use my Kipper system as outined above at the top of the thread. Ive worked into the early hours of the morning to help people out and understand the basic principles.
We need to go into keeping your capital intact first rather than using the system to pick winners which is a discretionary system.
aldwickk
- 07 Sep 2014 22:07
- 2090 of 2763
Goldie
Yes , am up for it.
Matter of fact i have only traded 1 or 2 stock's at a time. Was doing all right at first and was £47 up , then made the mistake of getting bored and went long on spot Gold, then had a punt on QPP and went short before the results. But now only have ITV down £3.36, My capital is now £959
Am looking to buy FAN, Monday.
Chris Carson
- 07 Sep 2014 22:41
- 2091 of 2763
Take my advice or completely ignore it alders up to you it's your cash.
Re ITV not saying it will, but it could. Recently broken out from 210.0 which was resistance for quite a while now at all time high. It may just test 210.0 to validate support so obviously you would be stopped out if you leave your stop at 215.0
Just bear this in mind before thinking of adding again.
aldwickk
- 08 Sep 2014 09:03
- 2092 of 2763
Chris
Ok , thanks for the advice
Chris Carson
- 08 Sep 2014 09:26
- 2093 of 2763
No bother alders, as you know I have traded this stock for over two years now, in my humble opinion the time to add is on a dip. This Scottish referendum nightmare may well provide an opportunity to do so.
goldfinger
- 08 Sep 2014 11:49
- 2094 of 2763
This Scottish Referendum is a nightmare and may tip the market into a Bear.
No probs though I normaly make more money shorting than going long and the same rules apply but in reverse.
If the YES have it I hate to think how the poor in England will survive. Just think a permanent Tory government.
cynic
- 09 Sep 2014 13:14
- 2096 of 2763
cynic - 45550 of 45660
consider that within the last 4/5 months the world's shipments of chemicals has almost come to a standstill .... thus storage depots in f/e and m/e are at bursting point with shipping containers, and the indian traffic has also died a death
cynic - 45585 of 45660
some chemicals are liquids and some are powders or whatever
in simplified terms, to carry fairly small quantities of either, they are drummed and then loaded into dry freight containers (the corrugated steel things you'll often see on the back of lorries.
carrying larger quantities of liquids may make drums uneconomic, so the next step up is the tank-container, typically holding 5/6,000 gallons
after that, you get into parcel tankers and the like
world economies are effectively dependent upon chemicals for all sorts of obvious reasons
when economies are weakening, companies will reduce their deliveries (shipments) and stockpiles of chemicals
until a few months ago (3/6), everything was looking pretty chirpy, but the severe unrest in m/e, and clearly to some extent in europe, which in all honesty has not yet come out of the recession (unlike uk) and is now suffering again thanks to russia/ukraine, has brought trade to a shuddering halt
depots bulging with idle containers is the manifestation of this .... hence my original comment
2517GEORGE
- 11 Sep 2014 12:23
- 2099 of 2763
I'm not au fait with charts but I notice LAD have been weak recently and go ex div later this month, is this a good bet? Sorry about that.
2517