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fildi101

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About fildi101

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  1. That makes absolutely no sense whatsoever. To support the market price, you would only need to buy the stock/contracts/whatever being offered BELOW your bid price, and only when other buyers aren't taking up the slack. Entire market indeed..
  2. If you're need for instant access is about being able to react in an emergency, and you're very rarely trading, it sounds like a full service broker like Hargreaves Lansdown is more the ticket. Websites can struggle during frantic markets, and reliable telephone support might be more important to you. Alternatively, taking the "cut out the middleman" approach, the most guaranteed way to access the market is via a direct access broker like www.interactivebrokers.co.uk, but the do charge a fee if you don't trade much. (totals around £100 a year I think, but this is offset by much lower trading costs, particularly if the company you're buying is also listed on US exchanges). It's more complex though, and easier to make expensive mis-clicks.
  3. Ignore the terrible advice above. (whilst laughing at the loaded statement in bold!). You can choose good companies based on what you see with your own eyes. You can check out their stores, you can examine their annual reports, and find all manner of data to help inform your decision. With funds all you have is past performance, and the the fund manager\s glossy brochures/websites and promotional copy full of loaded statements like the one above. lol p.s. www.selftrade.co.uk isn't bad. I use them for my shares ISA.
  4. it all depends. what do you want to trade? how often? what size?
  5. 1200 might be a stretch with the 50% fib retracement at 1125ish (september contract). We've the 38.2% at 1017ish too. Unless we crack those and stay above for a week or so, or show a clear breakout (not just a short squeeze), down is looking the most likely direction. No position sounds sensible to me.. but as a daytrader I would say that..
  6. How about scaling in ? If the price goes up, you make some money on your initial position whilst keeping the majority of your powder dry....and if it goes down, you get a better entry, with better profit potential and probability.. As long as you're not betting too big, have stops in place to keep your maximum losses down, and target limit orders in place at sensible levels, you can pretty much forget about time horizon..
  7. Unless there's two Sir John Whitmore's I've met the author. He's an ex racing driver, and I've barreled round country lanes , driving his Honda Vtec with him in the passenger seat coaching me. Very nice chap, I found, and trusting too. I get his point, but I agree with the above poster that it seems to naively skirt around the issues of power and democracy. nations and tribalism aren't flaws, they are human attributes which have evolved for a purpose, just like our arms, legs, emotions and intelligence. Our tribal nature ensures variety and diversity of societies, and prevents any one "species" of societal model becoming too dominant. We should be protecting the nation state, not trying to destroy it.
  8. What return do you want to make? (4%, 10%, 20%, 100%?) How much are you prepared to lose? (none, 20% of your capital, all of it?) How quickly do you want to make money? (next week, next year, retirement?) What sort of probabilities of success are you happy with? (90%, 50%, 10%?) What probability of max loss? Do you want big returns, fast returns, or safe returns? Pick two. i.e. you can go for fast, big profits, but sacrifice safety and risk losing some or all of your capital. Or you can go for big, safe returns, by simply buying bonds and compounding the interest for 30 years.. so start by deciding what you want to achieve, and which two of the three factors you want to be able control. Set parameters as described above, and that should pretty much point you towards some investment or other.
  9. The IG index instrument will be tracking the FTSE futures contract, which can be electronically traded out of normal stock market hours. The futures contract is a contract to trade one "lot" of the basket of shares that make up the FTSE at a fixed date in the future. The futures contact ends up tracking the actual FTSE via the actions of arbitrage firms. These people will trade to close any mis-match in value between the contract, and the basket of shares it represents. If some bad news comes out overnight, when the markets are closed, the futures contract is may sell off. When the markets open the next day, the futures contract is worth less than the stocks it represents. An instant profit can be gained by selling the actual stocks, whilst buying the futures contract. This bids up the futures, and depresses the stocks, until within a few seconds the FTSE and it's futures cotract, are pretty much locked. So basically, IG will actually be buying and selling futures contracts behind the scenes. edit : to add. yes, you stop will be activated if the futures market is open, but that won't be a full 24 hours, 7 days a week. If the market gaps down between trading sessions, you can lose a lot of money, including more than you deposited. in the case of IG, you can use "guaranteed stops", which wil be triggered at the set level, even if the market is closed or moving very fast. You pay a wider spread if you use these, but they are probably worth it if you're holding overnight.
  10. I can believe it. I friend of mine was once offered a large sum of money for their cat by an Persian prince.
  11. I use IG index for my spreadbetting, but the trading I refer to above, my futures trading, I do through Interactive Brokers. (see screenshot above). You wouldn't be able to trade quite such small moves via spreadbetting because of the bid/ask spread, but you can certainly play for swings of a few minutes or so. If it's technical screening you want (rather than fundamentals screening - p/e etc), have a look at www.prorealtime.com. They in my opinion one of the best charting sites out there, and free for end of day data.. ideal for swing trades over a few weeks. They have a great programming system, let's you build your own screeners, custom indicators, strategies etc, and backtest them. Very easy, even with my limited programming experience (two semesters of a uni course, 15 years ago), and surprisingly powerful. I reckon it will do just what you're after.
  12. I use IG index for my spreadbetting, but the trading I refer to above, my futures trading, I do through Interactive Brokers. (see screenshot above). You wouldn't be able to trade quite such small moves via spreadbetting because of the bid/ask spread, but you can certainly play for swings of a few minutes or so. If it's technical screening you want (rather than fundamentals screening - p/e etc), have a look at www.prorealtime.com. They in my opinion one of the best charting sites out there, and free for end of day data.. ideal for swing trades over a few weeks. They have a great programming system, let's you build your own screeners, custom indicators, strategies etc, and backtest them. Very easy, even with my limited programming experience (two semesters of a uni course, 15 years ago), and surprisingly powerful. I reckon it will do just what you're after.
  13. I'm the exact opposite, trading the tiny intra-bar moves within intra-day swings on the S&P 500 futures. Barely more than scalping at times. You wouldn't even see the move as a swing on most charts. The whole deal might within the wick of a 5 minute candle. My smallest chart has bars every few seconds. They can be just as reliable, you just play very different sorts of setups. Chart patterns(flags/head-n-shoulders etc) play less of a role, and more emphasis is placed on historically significant price levels, pivot points, moving averages etc. Horses for courses really. That's basically what I do in my ISA. It's more investment rather than trading though. Each month I allow myself to buy one or two stocks I like that is oversold, and then occasionally rebalance if one or two stocks have gone up or down a lot.
  14. for the first week on IG Index you can make 10p per tick bets, going up to 20p, 50p then the usual minimum size for whatever contract you're using (£1-£2 usually). this means you can be risking less than £1 a trade for short term trades for at least the first week.
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