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Personally I'm not a fan of ii at all. I was with them for many years & didn't switch through inconvenience then once I did it was the best move I ever made.

I'm with IG & IBKR now.

If your mainly trading on the AIM IG is what you want in my oppinion. Also access to CFD's within minimal margin requirements is pretty handy. Moderate FOREX fee's if your trading US stocks compared to ii's eye watering charges. No fee's after a recent update I believe & their interest rates are much better on cash balances - last time I compared anyway. Unsure if they have trading fee's - they might have got rid of these too.

Wouldn't recommend IBKR if the AIM is your thing - no live quote functionality, only orders. But by far the most advanced platform & no FOREX fee's & negligable trading fee's. Not for rookies though, takes a while to get used to the interface & level of functionality available, easy to make mistakes at the start & speaking to someone on the phone isn't easy.

Posted a chart on X this morning that hopefully addresses some of the shorter term frustration.

It feels like we've not gone anywhere in months, which is partly true, however if you take a step back & look to last July you'll see a clear upward trend that we are firmly within.

It's always worth zooming out to put things into perspective when its easy to get caught up in the day to day price movements (or lack of).

Does anyone know why Cotec closed like it did today? I've been following it alongside MKA for a long time & this is the first meaningful break below the 50 in a long time, which doesn't get me excited on the TA front but looking for an opportunity to enter at some point as long as theres no material reason behind the move.

I see a lot of the US rare earths popped then faded, which is why I'm guessing we didn't go on a rip today unfortunately.

@StephenOakmont

Not quite broken out yet but close. Fingers crossed. All tail winds in our favour at this point in time it would seem. Macro, fundamental & technical...

Haven't posted here in a very long time - hasn't been the most inspiring on the technical front but we're close to breaking out from a clear W pattern / Double bottom. Move above 59p & its game on. Posted the chart on X for anyone interested.

Few major fibs on there too for anyone interested.

Shareminator; my stance is that there is little chance of a US bear market within the medium term. There is a a hell of a lot of noise on twitter & social media; everyone is now an expert in 'bubbles' it seems.

The market pulled back just over 5%, pretty normal historically, yearly 10% corrections were common not that long ago but now everyone freaks out at the slightest wobble. It's hard to go into a bear market when earnings are absolutely crushing, retailers also coming out with great earnings showing the consumer isn't as weak as people lead us to believe & some of the biggest names in thee XLF near ATH's. You just can't go into a bear market / recession like that. Googles new's about shifting to TPU's rather than GPU's is pretty big news for the market given NVDA makes up 8% or so, so it could weigh on the market for a bit but until CAPEX starts being cut or productivity vs CAPEX reduces signigicantly we're good.

When everyone is shouting recession & bubble, thats not when it happens.

Bear market 🤣 looks like the turkeys are buying again

I wouldn’t look into it. Low volume day for a few.

Maybe the turkeys were buying after all…

Yep EDS, jobs data totally surprise. Perfect excuse to fulfil a much needed sell off prophecy.

NVDA earnings were an absolute blow out, lured in retail across the board, gap up / short covering then massive rug pull. It’s honestly the Wild West over there.

QQQ nearing that 580 level, 560 in play if that goes. An undercut to the 560 would be painful short term but probably sets us up better for the coming months to get that good reset & some stability.

Hoping MKA is already bottoming….our undercut is 39p in my eyes so we’ve almost been there already this week but I’d rather not that emotional rollercoaster on an overweight position. Breaking all my usual rules here.

I'm not sure where these 'gaps' are, we've had full trading coverage all around here for some time?? A gap is defined by no trading activity over range.

Looks like an early morning dump being filled shortly after 8am is likely the cause for todays sharp drop although I do find the recent gaps down on open a bit strange - but however they want to work orders is their choice I guess.

We're still within the rising channel I've been using on the chart which is good, wicked below it but closed about 1p inside.

MKA is currently my only holding; went to cash on everything else so I'm pretty over weight & can't justify adding more at this time. IF we toyed with 39p that would be a place of interest but I'd rather we didn't go thru that exercise.

Yeah there's a lot of froth leaving the market & rightly so. I was finding it impossible to swing trade with the levels of volatility, like cats on a hot tin roof.

I'm hoping we get someting like that with minimal fall out over here so theres a bit of a reset.

MKA basically my only holding once again bar a small amount of AVCT. Trimmed the majority of that earlier today.

QQQ's below 600 pre-market. I think we're probably on track to visit Oct 10th level's, structure looks horrible.

Unless we get one of those 'buy the dip' flush days but its looking a bit more serious than that.

Govt shut down over. :)

Chart looking a lot healthier with a close above 50p. RSI should begin curling up too & following its historic cyclic pattern.

I feel the trade watching is generally used as a tool for confirmation bias so it is unwittingly dangerous; guilty myself I won't lie, hence my prickly stance on the matter.

If we think back to that large trade that was posted, several people would have likely used that as a reason not to sell stock or take a bit of profit even though we were at blistering highs because 'someonebody must know something' type gist. Or the 'here come the institutions' train of thought. When it would of been a good idea to top slice a little bit & ignore the noise. The same equally works when we're on the way down. Ignore the noise; read the market & look for the value.

As you say that order could have been getting worked for a week, but by time it was printed, the order was filled and the move was over; it didn't do anyone any good knowing it had occurred. We really have no idea what or who it was.

Certainly, people should post whatever they like as long as its respectiful - its a forum, so if people do find it useful then go for it :)

Level 2 definitely has value if you are intending to trade imminently but I do agree that commenting on delayed trades when they pop up really doesn't hold any material value; its retrospective. Price is price, regardless of what traded an hour, or a day ago. It's like reading a week old paper at breakfast today; the world has moved on.

I do use live trades when entering or exiting a position to gauge a turn or shifting momentum but that's only what is live.

A prime example would be the 700k ish GBP (from memory) trade that went thru around 70p a few weeks back that got a lot of attention- was it a buy, was it a sell? It doesn't really matter, we're at 50p now. We convinced ourselves it was a buy based on the price tag but it pretty much called the top (apart from the bizarre pump) & had all the traits of MKA's equivalent of a dark pool. A monster trade at a pivotal level, which usually results in a reversal of trend.

I've also only ever lost money fighting a market because the 'mm's were up to their tricks'. The market is always right, regardless of what your oppinion is or the causation. I'm disapointed to see it down here too but I don't care why it's here, macro or mm games - we're here. Given the general market sentiment & other rare earth stock movements I think you give the mm's to much credit.

Yep the Whitehouse playing games again. The obvious counter is the rare earths strangle & we start the cycle all over again.

US heavily down pre market across the board pretty much. At least we're not alone :D

Yes, like most stocks in the 'story stage' sentiment very much is the dominant driver for demand & as there is a constantly shifting sentiment due to policy change & white house tweets there is constantly shifting demand. The sentiment shifted over the weekend & it's obvious people wanted out fast first thing on monday because of it. Retail are like cats on a hot tin roof. It doesn't mean there is a fundamental problem under the hood.

Magic is correct in what he is saying, a stock doesn't drop sharply by 20% because people want in. It drops because people are exiting fast relative to demand. Wether thats due to sentiment or pure trading the outcome is the same. Heavy net selling = sharp drop.

Haven't sold anything on these 50 - 60p area moves myself, so it is frustrating.