Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
I see what you are trialing but don't see it as much different to your straddle trades. I don't do big fund/small bet but max out with high conviction big pointers (but calibrated a bit towards my level of conviction) and no stop loss based on my best current knowledge. It can rack up big losses and big gains but usually the downside is less dramatic than the upside I am targeting so with multiple positions the chances of big winners is increased and if the the conviction is proved correct I can increase points in the current winning trade with the increasing margin on the account. My strategy will have to be revisited when new regulations are introduced because it would not work without the 10x leverage I am currently given. Your strategy of keeping bets to say 2 per cent of a large account is the conventional traders way but I cannot stomach not using available margin and the discipline becomes closing trades or partial closes of trades I least favour to restore margin which I like to do before market close. As a counterbalance I have a non-leveraged broker account against which to measure my personal success in the different strategies. I have done more spreadbetting because no tax and no need to report every trade to hmrc which tends to depress me and hamper creativity; not always necessary to report to hmrc if exemption not exceeded though I would register any losses in case I can offset in subsequent years.
Didn't that video spilling the beans intend the professional to be in open trades in multitude of different markets to create a hedge? I think you may be applying the method well in one market because you are good at fx but you are nt doing what that video described as I understood it. It describes my style of action.
I am halfway through that video LEFKOSIA: judging on what he has said up to now I would say I am halfway to training myself to be a winning trader with spreadbets as I was aware of most of what he says. I have taken out more than I put in my account and at one point was 500% up. I think I can say I am not one of the 90%.
Thanks for explanation. So without looking at the chart direction and position of the trades you wouldn't know if it was short or long. I take it those trades are not held with IG. I have spread bets on stocks, all long ones and no stops so have to keep a beady eye on things.
I see EUR/USD is at 11797.3 now so Auto chartist got it wrong. I am afraid your comment of Friday 8.11 had me confused due to your position being contrary to your text. In the event, hope you were still long today. My gut tells me the pairing will go down from here.
13.40 Sandown have gone against myracing who tipped Onefootinparadise-two bets e/w equal stakes on The Golden Cue which has great form and Josephine Gordon golden girl! riding Firenze Rosa and saving bets e/w at quarter stakes on long shots Ivy Leaguer 20/1 and Comselle 25/1. Anything can happen with these 2 year olds so great spectacle.
Close below the T line discipline is something I have to learn. my trouble is actually seeing the chart signals which is hard work for me. Which chart is your main source to see the candlesticks? Once mastered I will use the signals as not all buying I do is for investment, I need a certain number for quicker turnover to satisfy the adrenalin junkie in me.