RE: Now 393p to buy!30 Mar 2022 10:45
Mav.
Whilst you have always been honest about your transactions and I agree with the numbers you've stated the reality of trading those is, as you know is iffy at best. With hindsight all is possible but in reality what would one have to get right?
1. The assumption that £4+ would be the high for all of approx 8 or so minutes. Yes your experience could indicate a sell off point (profit taking) there. Though that backward looking video is the most useful tool.
2. That the tiny blip up at at 08:55 would not be supported and would thus drop back again.
3. That the two later dips down to 3.82 which lasted only moments would be there at all.
4. That the buy sell spread would not , (as it possibly did, make those numbers completely meaningless as the spread would subtract/add 1p or even 2p or more to those numbers.
5. That after the sell one would not see a rise (swift or gradual ) later is actually happening now.
6. That one could get back in when required.
Please understand, I only state these things because though you may make them seem relatively easy, others, me included find them difficult, (to say the least).
Don't get me wrong I have on occasion day traded and this morning took a small £6k position in POG as a learning tool more than anything else. So far on that I'm all of £50 up WEE! In reality I would actually have been far better investing it in POLY at open and sitting on my hands.
Day trading may seem like money minting fun, I have very very rarely gotten it right. Others may have better reactions and more of a 'killer' instinct.
Just my 2d's worth.
DYOR GLASH.