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ig all the way with £3 a trade. Also with HL, but are poor in comparison.
A few years back I was with Share Price and Iweb and nearly threw my laptop through the window with frustration, so massive variation in the quality of platforms and of course market access.
Also like ig for their access to the ASX.
"good luck taking your profit tomorrow as LSE closes tonight until Tuesday for Easter"
LOL, right you are. Well, certainly doing nothing today. My target for profit taking is well beyond where we sit right now.
Barclays not bad either, low price £6 per transaction and execution is not bad either. Never tried any other platform.
No agenda. Just seeking to discuss the maybes. Feeling like the deal might not go ahead is not being negative, its basing my statements on what the market commentators are saying. Im pretty no one on a share forum could have any impact at all on a Oil company share price!
People are very suspicious! However, this is good to have been 'filtered', as it means there are no more pointless replies that arent actually discussing the points in question.
We shall see what happens.
Lastly, though, if the price drops... money is lost. Doesnt matter if its an AIM share or not! Red is red.
but Dr Doom & Gloom BP isn't an AIM share
ergo I think there is a slight (nay HUGE) difference between a consistently top performing FTSE100 company (currently ranked 11th by MC) than some AIM sh*t or bust illiquid penny stock
anyway it has been quite obvious (at least to me) since your delayed hiatus arrival under the pretence of asking for newbie assistance that you have been completely negative on this share since day one (good for you as we all have differing opinions and levels of risk thresholds and that's what makes the market) but if its all right with you I'd rather not waste any more of my time trying to counter your obvious agenda.
enjoy your self isolation
Good point! I think its akin to gambling to do that so I cant risk buying in. If it goes up then ok, I wasnt in for the ride but Ive still got my money, but if it tumbles then that is much worse. I already got locked into one AIM share ages ago and I dont want to risk it (even though in long run I suppose BP is a fairly solid bet even at these prices!)
Too risky :( Good luck anyone who is in at close today.
I find Hargreaves Lansdown very good
good luck taking your profit tomorrow as LSE closes tonight until Tuesday for Easter
so come 16:29 it'll be stick or twist time :)
Appears to be unfolding as 'guessed'. I was in and then out very fast. Only made a couple of hundred quid. But once again my trading platform really scr*wed me by not giving any quote or then claiming some 'errors'. So vexing! The only way to guarantee being in is to buy at end of the day and just hope... but that seems like a bad way to do things. Id rather buy on the day. I really need to use something that can execute quickly. Any suggestions for simple platforms without too much gumph?
"Theres been a rising bottom forming but now a channel and its almost impossible to look at the share and know whether it will break out and up or down.
My opinion is you'd do best to chuck your charts in the bin in the current market. Rising bottoms, channels, etc. It's none of it relevant when the Prime Minister sneezing or not, a Trump tweet, a statistical anomaly out of the health ministry in NY, or any other number of events can bring out in a moment all the schizophrenia inherent in equity markets. Your channels become peaks or troughs in a heartbeat. There are far too many macro market-moving events happening, almost every day, to make anything out of charts.
When prices drop, buy something that you are sure is going to be higher in the long term. That way, if it drops further you aren't going to get hurt, it may just mean you have to wait longer. If it swings up and you want to lock in some profit on it, go ahead. But don't expect your charts to tell you much. There's way to much macro volatility.
I thought yesterday's price was a buying opportunity. If I hadn't bought in yesterday and still had that cash, I'd think today's is, too. Tomorrow's might be a better one, but then, there might be a deal.
I think it is pretty much guaranteed there will be a deal sometime in the coming months. China is coming back to life. Other economies will, too -- and there will be a deal. When it happens, the price will go up.
When it goes up, I'll take a profit. If they make a deal today I may even take some profit tomorrow.
But it won't be from reading charts.
IMO, FWIW, DYOR.
I'm with you on this as I see that the short term squabbling will not be sorted over a teleconference.
As per my previous posts regarding storage capacity and volumes already within, this pandemic and it far reaching effects, are not ending soon.
With reference to the view on this "meeting" and the oil price shifting soon, let's get a grip and see the woods for the trees. Look at the worlds storage levels and look at demand at present. Try and look at it like food, if we produce to much, we store what we can (remember the EU grain/butter mountains and the **** that the got us all in with a cartel....) but only store so much. After that it gets thrown to animal feed...
Let's see what tomorrow brings, but more importantly, the next three months.
If you are, or if your not a trader, as our earlier colleague implied, I don't really mind either way. You seem to be looking at the bigger picture.
I don't mean to offend in any words above, and I do hope I'm wrong, but let's keep an open mind.
Stay Safe and more importantly, stay sane...….
From everything Ive read I will be predicting that OPEC doesnt agree to cuts and the price falls quite rapidly. And I'll take a wild punt that the BP price hits a low of 260 in the next 3 months. Based on nothing more than guesswork!
Are you playing longs.
The guys not far off, it doesn't take a financial expert to pick up the basics pretty quickly and you shot him down and the "shat on him/her".
As reasonable boys and girls, we should have based an opinion on what we have said / read over the past weeks and with the "alleged" meeting tomorrow - after UK market close, well...…. we're back to instinct, gut feeling or black and red again.
Good luck to all which ever angle you're coming from, may the brent gods be with us all. Stay Safe
Basically yes. Ive read a lot these last 2 days. Im regurgitating everything Ive read or watched, and most of it is people having differing opinions... And I figured that I should also read about swing trading since I dont know enough about the individual markets. So I watched some tutorials and I looked back at DTG, EZY and some other shares.
Being up early tomorrow is to see if there is any movement that I can jump on and then get out.... in anticipation of the OPEC meeting being a positive outcome. Even as I write this I just saw this -
Its not so hard to Google and see what people are saying.
As for my membership I registered years ago when I wanted to discuss PXS (an AIM share I bought at 6p and got screwed on - and still am). Around that time I also bought some Sirius Minerals but it went up so I sold it, not for much but still. I got burned on Frontier mining and lost a few K.
Yup, its as you say it, apart from the playing innocent part. This crash has made me think its time to do some learning. Im actually a doctor as my day job, but Im self isolating for these last 6 days. Hence time to post and time to discuss shares.
Essentially, I dont know more about oil than Ive wrote above but am interested to discuss it. Maybe tomorrow there will be some buying pressure and I can jump in and out (if the naff platform I use actually gives me quotes (x-o.co.uk Im talking about you.
That about sums it up.
Im also looking at DTG, EZJ, LLOY.
zeus / um SXX not a loved share that one , i think 80,000 odd shareholders got stuffed on that one , it will be a fantastic mine but not for the SXX holders .
so let me get this straight ...
you've dabbled a bit in the past, you've had your fingers burnt previously on AIM, you say you are looking at getting into oil shares for a change, you say you're not a trader but you somehow manage to talk about bottoms and channels, then you say this OPEC deal is not going to happen anyway and even if it did it wouldn't do anything for the BP SP as there is no available storage room and no immediate need as there is no demand and the price will obviously go down but you are readying yourself to be up bright and early tomorrow to buy on the opening bell (despite the meeting not actually taking place until after the London market closes) and after 6 long years of absolute membership silence you finally decide to pluck up the courage (playing the innocent in the process) to come on here and tell us all that ?
Also, just to add.... Saudis and Russians are surely not going to agree to cut production if USA doesnt. And I suspect if it was someone sensible in power in the USA then they all might be able to agree something between them... But its not - its Trump! He is a total liability and thinks he is God, so all he will do is Tweet that he doesnt have to do anything at all. And then it all goes to bits!
For what its worth, I will be ready to trade at 8am if there is an upward momentum but I am out as soon as Ive made a few grand. Then lets see what the OPEC result does to the BP SP.
thanks... i read around UT. Im not a trader, but have done some retail investing in Sirius Minerals waaay back in the long ago, and some other AIM stocks which have burned my fingers. Im looking at Oil and have been reading around it. Obviously very tricky! When you see this 50m trade stating BUY it makes you wonder if that was an actual trade being done for someone - still not exactly clear if that is the case, or it is simply as you say the market working out the final price.
This OPEC deal seems to be (from reading as many opinions as I can from industry interviews) unlikely to happen. That seems to be the gist. However, Im still not sure if that is a good or a bad thing for the BP price ultimately. Whatever happens with OPEC tomorrow surely there is going to be no room to store this oil, and then no demand. So prices will go down anyway?
Theres been a rising bottom forming but now a channel and its almost impossible to look at the share and know whether it will break out and up or down. How this OPEC deal not coming together will affect the price seems to be not universally agreed on?!
And... as I said, Im not a trader. Just someone trying to figure out a new way of making some gains with savings. So no one be too harsh. Discussion welcome :)
zeus / basically no , it is the UT usually about 5 minutes after the the market is closed , it is in simple terms mm`s tidying up their books end of the day . when the UT is posted that is the closing sp of the day ,
Is this 50m trade saying BUY actually a 'buy'? I read about uncrossing trades but its not totally clear. Maybe a limit order for tomorrow morning should be considered here...?