CHART ATTACK - Longs and Shorts. (epic char)
(CHAR)
goldfinger
- 12 Jan 2010 20:42
A thread created for the TA of charts on the LSE markets. (aim and plus included)
Beginners and advanced wellcome. Long or short, just post your views and lets have some positive discussion. FIRE AWAY.
NB, UK indicies and sector charts can also to be included in posters analysis
Hi GF havnt spoken in a while , doing ok ,luckily i was only holding two stocks and a couple of spread bets when we wobbled so now looking to get in on a few bargains.
NO LOL shearing the bastards. Its my way of controling risk.
What I do is use the 2.5 to 1 win risk stop loss system pushed by many trading books but dont use the stops, but know what my SP target is but instead of say going for £50 a point I go £55 a point the fiver being thier so I can shear the top on any losing trade in markets like this.
If its a dud trade I get rid very quickly. I know my losing limit up front.
But this system allows me to stay in when its not specific to one stock.
Flogged all my trading longs bar RPO and HSBC this morning. Greeks going to another elections then all that farting about after.... like before christmas. Rather take a small loss than a big one 6 weeks down lines.
Fed up of shearing tops off aswel.
Made this strategic decision in the pub late last night after 10 pints and I had crawled all the way there after market closed at 4.30.