Member Info for doze

well done Lefkosia on your Euro/Usd trades. Am amazed that you have pushed the boat out after that 'spill the beans' video before Christmas with a strategy, as far as I can tell, is nothing to do with the video but something of your own devising. I am inclined to think it is your experience paying off and not something I could relpicate. My account is showing more blue with US trades with stocks than I have ever had but risks a retrace more than your strategy. Good luck going forward.

http://cgtcalculator.com/algorithm.htm Same Day Trades Trades in the same share in the same day are a special case and are initially pooled so as to avoid ambiguity in the matching order. Basically all buys for a specific stock in the same day are composited into a single trade. Similarly for sells. The composited sell trade, if there is one, is then matched up with the buy trade and an associated gain or loss calculated. A residual trade may remain, either a buy or a sell, if the number of shares bought is different from the number of shares sold. This residual trade is then processed in the main matching phase described above. For more detail read this thread. Consider the following example trades; http://cgtcalculator.com/default.htm

Sounds like being conversant with all strategies is the best way to maximize returns. I tend to post when I think I have a good handle on something which I see you already employ along with fx strategies so you really are the master! Have a merry Christmas LEFKOSIA and thanks for being so open in your posts.

All the measures that ESMA and the FCA are considering relate to retail clients. Whilst IG has historically categorised the vast majority of its clients as retail as a matter of course, IG's client base is different from most in the industry due to the company's long term focus on clients of high value and sophistication. IG launched its online process that allows clients to apply to be categorised as an elective professional in mid-November 2017. Since then, the proportion of IG's UK and EU revenue generated by professional clients has increased from 5% to 15%, despite there being limited current advantage to them being categorised as such. IG believes that clients representing well over half its current UK and EU revenue are eligible to be categorised as professional and will elect to be treated as such if the products that they can trade and the leverage they can utilise diverges from that available to retail clients. http://www.lse.co.uk/share-regulatory-news.asp?shareprice=IGG&ArticleCode=hbj54es6&ArticleHeadline=Response_to_FCA_and_ESMA_announcements

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.

Sounds like you are becoming a high roller but lockin in profits is not the same as rewarding yourself which imo is key- remove the dosh to your bank account and spend it!

If I had held on to some of my trades just a week or so longer I would have been well up.

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.

Lefkosia, if you were long would that square box on the chart be blue? IG on my chart gives a /pt box with running profit/loss

I am on it for the Merkel effect!

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.

Hi Lefkosia, hope you are getting along OK now EUR/USD Do you mean a breakdown of support? If so why are you long? Sorry to be stupid.

Good to hear from you again. Difficult to know what is transpiring on an anonymous site. It has been quite a fortnight with hurricanes, N Korea nukes(look unstoppable),May's cough at party conference and Brexit politics.

jahhay Lefkosia has been in hospital, I hope you mean updates on his health!

Sorry to hear it, hope you will be back up to speed asap but this trading is taxing work. Paul Scott takes to his bed to recover during his initial market manoeuvres in the morning!

Glad you are giving FBT a promo

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.

covering bets e/w with orient class and Kinloch pride so did ok