London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
By the way, you're right - usually 3-4 trades a day - a buy and sell in the morning on the shakes/spikes and depending on what's happening in the afternoon sometimes the same, sometimes just a buy or sell depending on the graph/direction of travel if that makes sense?
I will be joining you at £13.18.
I can understand why it would have caused offence after reading it back (but after posting unfortunately). I'm somewhat out of the habit/routine of putting things across in writing - I used to write loads of suitability letters every week detailing why a specific plan/course of action was right for the customer, but the only detailed writing I have done in years has been on here in the last few weeks so I recognised a slight change in wording can completely change the tone/direction from which you were trying to come from - for example I could have used "I don't know" instead of "I have no idea" and it changes things completely.
I think where I was coming from in respect of the question I was asking was how much extra benefit was achieved from all the trading and linking it with Owls comments, I really do admire you for what you're able to do - I really couldn't juggle like that so for me its a calmer approach that suits me better which I suppose I was trying to show to Owl if that makes sense?
It looks like ASOS could fly today - got better figures out and is doing well - didn't hear all detail as I was typing this - but monitor those today because they can be very volatile and a good earner. Good luck for today and I hope everything is OK with your family issue.
morning T. absolutely no offense taken. I applied your each timetechnique yesterday 6 times through the afternoon, with differences between buy and sell prices betwwwn 8 and 16p, I did these trades between the prices of 1594 and 1633 a rise of 38.8p. By my multiple trading I acheived 76p gain. This was a kind of micro application of your spike/shake system, I am guessing here but I assume you usually make maybe 2 buy and sell trades (i.e. 4 transactions) a day on OCDO.
Good luck today. I am setting an limit buy to try to buy ocdo at 1318 but don't hold out much hope
Its ok - i was only asking - I know we have different approaches and strategies which is fine, and the "process" for want of a better description is new to you so I was just sort of checking (maybe in a clumsy way which if its caused offence, I apologise) that you're not spending money unnecessarily on dealing fees if its just that you end up buying and selling the same shares if that makes sense?
I refer you to my msg at 17.16 for details of my trades today. At the close yesterday I only had my original 250 fevr. Previously I had bought 1000 shares at about 1600, then during the day, did 2 or 3 trades with them and stupidity sold the 1000 at about 16.27 and I didn't have time to buy them back before the close. As already explained in msgs, the 1000 and 250 were in different accounts. This morning my worst fear was realised when they started to rise. I nearly bought in at 1520, then 1540, finally buying 1000 at 1558? THESE I STILL HAVE. Then when the price was around 1600 (as I wrote at the time) I noticed the chance to make on the 1600 transition. So I bought ANOTHER 1000, So then I had 2250 (see earlier MSG's). It's this 2nd 1000 that I used to sell and buy 6 times so now, wed eve, I still have 2250.
I agree with your points in your message except regarding only holding one share. I am happy to disagree, we have different philosophies.
Sorry - had to continue on another page
As I was saying, if you then bought back the same 2000 shares at £32.00 for £64,005.95 that means you've got £1,998.10 profit -do that 3 times a week and you've got £5,994.30 - provided of course you've got the volatility then you have a reasonable idea of the income you're making every week and that's why I like to trade in the same company - whilst my returns each week are of course dependant on the volatility/share price etc, I know that there's a bit of consistency if that makes sense.
The other added benefit of trading the same company is you can focus/concentrate just on one thing so you're watching every move for want of a better description - as I said earlier, sometimes less is more so maybe in reality doing things this way is a little less hard work, and by following the cheat sheet you've got a very good chance of being very successful - again, it all depends what you want out of the trading/investing.
It is HL that I use but I have found that their live prices have been a bit intermittent lately and I wonder if that's why I didn't identify this morning that really the share price opened down.
Sorry for the long winded reply.
Oh dear - sorry to hear about your family emergency - I hope everything is ok.
I understand what your saying about Ocado, there's very little volatility at the moment so maybe once it picks up again you'll be back in - don't stop posting on here though and giving me ideas in respect of the limit alerts.
Believe it or not, I've been doing this system for a long, long time - what triggered it was the stock market/banking share crash - as I mentioned earlier, I had a lot of bank shares that crashed to 10p that I had bought/been given through sharesave/profit sharing at various prices all the way up to £7 so whilst I still had the shares, the value of the capital completely crashed, and as they were very volatile for a long time, I adopted this approach.
It was only when the Bank did a 1 for 10 share so they went from 20p odd to £2.00 odd did they become less volatile, quite boring and I started to look at alternative companies - made some humdinger mistakes with some of my choices initially, rather than research the companies, I just went headlong into something that had been hammered - a bit like Tullow now for arguments sake (hammered, not volatility) because the more volatility the better it was, but soon learned that it was "growth" companies that were the best ones to trade and I started trading Asos years ago when they had a warehouse fire, profit warning and something else and their share price went from £70 to £17.
I know you've been busy beavering about today, and I've been watching with interest, but one question I would ask is how many shares did you have last night when you sold and bought back at £14.70 and how many shares have you got today and what happened in-between?
I think its very hard to give an accurate comparison of one method versus another if that makes sense - all I can say is because everyone kept saying you shouldn't have all your eggs is one basket last year, I changed my system and invested in companies like Fevertree for example that had been hammered - overall last year wasn't my best and that's why I've reverted to Ocado again - typical that the volatility has gone at the minute but hey ho. The important thing for me is its relatively stress free, I'm confident that there will be significant capital growth in the share price this year which will start producing more volatility and with that greater returns which are more than enough for my needs - for me its all about balance.
I know you like shares that don't have stamp duty for obvious reasons, and I have absolutely no idea of what levels you like to trade or the income you generate, but if I can just give you some food for thought - if I use Asos for example - I know the company, I know how it fluctuates in value, so lets say for argument sake you have 2000 shares and you sell them for £33.00 which provides you with £65,994.05, you then buy them back for £32.00 (which is easily doable)
My list of action/what to look out for for tomorrow has notes next to 8 shares. My new years resolution is to reduce the ridiculas number that I am trading (some of the badly) has made me decide to not rebuy PLUS for the time being. Even though it is non stampy. Also WJG goes ex divi tomorrow so I will soon come out of that one too and try not to rebuy. Another non stampy but not volatile enough for me. I will continue with FEVR as I feel on a bit of a roll at the moment.
Excuse me but I may not go back into OCDO (I am currently completely out) unless an outstanding opportunity presents.
Rest easy T, I like your method, it works for me, most of it I have done here and there over the years but not in a rigorous way. OK, even a monkey could have made money on a riser like FEVR today but the method doubled the gain, what is there not to like, except, as OWLS says, extra work.
How long have you been doing this system and, with your fondness for the numbers, have you determined the gain from playing the spikes and shakes as opposed to just waiting for an overall trend gain? Also, may I ask, which market trader are you using, I'm guessing HL?
I look forward to tomorrows briefing. I have a little family emergency occuring which may take me away from screens tomorrow.
I'm glad to hear you remember Rule 8 so well. I'm pleased that you've held on to the other shares today as they did close on the up so its likely that they will open up again tomorrow so hopefully the compounding effect will work out even better for you as you won't be playing "catch up" for want of a better description as you were today.
If people doing this can focus on the positives, try and park the negatives, and control emotion I think that really is half the battle. The psychology is so strange - when a share is going up in price we don't sell because we panic that we're missing out on the share price going to the moon and we're going to miss out (I'm not meaning FEVR here by the way, its just a general observation - today was very different), and when it starts going down we don't sell because we panic because we don't want to lose money, and then we mentally crucify ourselves because we make a mistake in either not selling or buying instead of just remembering nothing goes up or down in a straight line and as long as we are of clear mind, we can then make reasoned decisions based on the information we have in front of us at the time - so Rule 9 also applies.
At least you can see now that once Tullow becomes tradeable again it's not going to take long for the compounding to take effect to help you to break even/go into profit rather than having to wait for the share price to recover to £2. It also seems that a lot of the chartist/technical traders are in the other share at the moment so there should be a bit more volatility over the next few days until it hits their targets.
G's been quiet today - I had a thought earlier in that I know I was keen to explain how the compounding works, and perhaps my comments came across in the wrong way although it was meant from a good place, I wonder if he misunderstood and thought I was trying to persuade him to buy Fevertree when I was only trying to explain the process if that makes sense?
In vindication of your sytem, my 6 buys and 6 sells of you know which share, netted me a 77.5p gain, at the same time as my equivalent holding which just sat there netted a 38.8p gain over the same overall range. That's about double but quite a lot of "work". The range was from 1594 to 1633. I could have done a 7th deal,having bought after the 6th at 1622 (indeed I was offered 1633) but wanted to have lots of shares for the morning. The last 3 trades I managed to use your compounding and finally hold 1015. The deals were 1000,1000,1000,1001,1005,1011,1015.
I could have done better on the earlier deals as I sort of acted too quickly and didn't optimise the buy and sell prices. The later deals I managed to get much near the ideal prices. But hey, TWICE the profit of doing nothing. Thank you for sharing your system.
Yes, TLW down 6.4%, SAga down 5.6%, TUI down 5.5%, RENE up 6.5% but I don't care! because rule 8.
I agree with the point you make at £13.23-£13.55 as I would have bought and sold today - I just didn't see it anywhere near £13.23 this morning - the earliest I saw it was £13.40 and that's why I thought £13.40 was the open - ie positive, and it was therefore going to go down today.
I've been sitting here patiently (again) for things to happen - it looks like Tullow may get punished in the morning by the looks of things.
If one bought OCDO in first 2 mins at 1323 this morning, then sold at 1355, not too bad a turn, then one might be buying again now at 1335. Some big IFs here. I think I for one am in denial about the current bottom of the trading range.