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Cooncan,
I disagree , level two is a waste of time . I have had level 2 for 20 years . The mm use it to hide there true positions . So when they are short they appear to make the offer look strong. You need level three
Not to mention the brokers fees. Just 6 trades a day at £8 per trade over a 50 week trading year is another £2400 you have to make. Plus the spread. Plus all the leaked inside info that you don’t get. Plus the MM manipulation like we saw on Wednesday. Lol. Not a chance.
The only way to make money at decent risk/reward is to identify value plays with a newsflow timeline before the market spots it, load up low and hold it until value is accredited and it rerates.
Only have to find 2 or 3 decent plays a year as opposed to multiples with trading and its much less aggravation.
Much more research. Much less trading. GLA.
What traders forget to say is that the odds are against us and in favor of the house, just like in a casino.
Traders talk about the power of multiple compound 10% winning trades like they don’t have any losses. They do.
Most traders go bust quickly, in the first year because over time they get as many losing trades as winning ones.
In addition they have to beat the spread. So they have to have statistically more winning trade value than losers over a year then they have to make a 10-20% profit on top just to break even because they have to beat the spread.
Just like gambling on a fruit machine or in a casino, the spread is the house weighting that assures they always win and you most probably won’t. You’ll have wins, yes, but you’ll also have losses and lose on the spread to boot.
DYOR
It’s a shame that decent day traders like you (who come and explain themselves) get bad press. Buy hold (and prey) investors like me mix you up with “shorters” who everyone hates and should be banned IMHO
Ohh last Wednesday was awful wasn’t it. I had just sold my last lot of AVCT (which I think has ran out of steam) and was watching ODX (which I think has got legs) but it was rising on no news and that is a no no well at least for my type of investing. It is as 86 and I had my finger on the button but declined. What happened next was absolutely shocking. The MMs have no shame. That was completely set up for those massive buys in the 60’s for their “mates”
I tend to sell my 2nd pot as well if the share price rises further after I have sold the 1st pot, lol.
I have tried it also (not with this stock) and it is very difficult. Much prefer buying and holding.
I have tried the same trick but each time fearing that just after selling for a 10% gain, the positive RNS is released.
Slightly confused Cooncan, didn't you have a 'long' position with £5k punt money earlier on?! Agreed there's more than one way to a profit but to do what you are suggesting requires some luck and skill. The best profit I ever made on a share was with GKP, I tried to trade, sometimes rightly, more often wrongly losing shares from my holding along the way. Overall it was a monster though and in hindsight all I needed to do was buy and hold and let it rise over the longer term. There was no need to keep checking on it, or what was being said on the boards, or making panicky trades. I feel the same here, the design freeze will be the catalyst and until then I will be adding. Whatever I have at that point will be my core holding and I will evaluate that position as news of orders and revenues comes through. I am taking a positive view at this point as the company have said they WILL be producing these tests and recent CEO interview was bullish. They'll need to meet the standards required by the government and they are part of a consortium which I expect is adding to the timeline but we wouldn't be sat at this price if it was all in the bag right now and I wouldn't have chance to add more shares.
All well and good until you start putting 0.9s and 0.8s into your calculator to get back in. I can't really see the volatility for many 10% changes here before an RNS tbh.
All these time wasting derampers that ain't got a penny invested want to sit on this page and type there nonsense. Listen up you ain't got no money invested go do something else with your free time stop. The haters can carry on hating because that's all they got when they see the prices rise they will continue to fill with envy and hate which is really sad to see there pesamistic people.
I'm holding over 38,000 shares in this company based on the fundamentals of the company. So take your 2p and shoved it where the sun don't shine. Anyway with that out the way let's focus on what's coming over the weeks those who can't wait accept the price and leave the share. Everyone that's holding and keeping faith we will see why very soon it's not always a overnight win in a share patience is a virtue. Happy Sunday all and to the haters and derampers get your penny sweets and do one.