RE: wynd22 Apr 2021 08:30
Over the years I have traded using Sp.Bet, CFD, etc. Did well in the 2007/8 crash etc but the thing to remember is that 80-90% of retail traders lose money, traders rarely talk about losers only trumpet winners. Unless you are a professional, there is a tendency to run loses hoping for a turn and take profits too early frightened of it evaporating. Charts do paint a picture of course but more useful in hindsight, yes support and resistance points are obvious on charts but unless trading makes no odds. Over the past 20 years I have found the best way to make good returns in the market is to identify a company or two at the most that will either move from loss making to profit or have growth plans that you can convert into real earnings. Calculate realistic share prices over a future time period and buy blow your future valuation, If the company moves over your future valuation too early sell and wait for pull back to buy back in. Trading too often increases the risk of making an error and trades feel the need to be busy trading so often overtrade and wipe out previous gains.
Sight tight in AGL until it hits you own target , my target here is £15 FWIW. GLA