Member Info for Mando_

Hopefully here we go again.
About to tip the 200MA on the minute charts. Hoping for a bounce up.
GLA

Probably a load of limit orders hit. Now I'm considering is this the bottom we're looking for, or will it continue to decline during the day from here, or maybe we'll bounce around the 4530 to 4830 or so?
I'll be watching to re-enter.
GLA

I sold this morning almost all my RIO stock at about 4530. Then there was a weird spike in volume and price up to 4600, positive on the day. China Iron ore down 5.77%. RIO Australia closed down 2.7% today, so I expected a continuing decline.

What do people make of these RNS from yesterday and today.

I just added 1,000 shares towards the end with FOMO having sold 550 earlier at £7.68 to take another FOMO YOLO punt on a Direct Line Group buy which hasn't paid off yet.
I paid £7.82146 including duty. Really hoping I didn't get caught in a bull trap.
Probably been a right idiot, but fingers crossed for big gains tomorrow! Just putting it here so people can hold me accountable and call me out on being a t!t if I get it wrong lol.
GLA

Nice volume and price moves just then. great signal for tomorrow hopefully :-)

No worries SaleSale, you may be right. I've been watching RIO grow again this afternoon and may buy back in.
I'm just saying what I'm thinking. I'm not a pumper or a dumper on this forum.
For me though we are dangerously near a support line I've previously drawn of around 4600, where if we dip below that if China Iron Ore and Coal pricing drops further tomorrow, Rio could see a drop to around the 4350 mark.
I'm sure you know that Barclays have a rating of 4200 on RIO, as does RBC. However, Berenberg have a target of 5400. So analysts seem to think it could go either way.
I'm still holding £2500 in RIO, about 1% of my portfolio. I'd like to think we're on an upward trend, but I fear this afternoon's gains are a bull trap, and we're in for some further declines over the next few weeks. If the share looks positive tomorrow I may buy back in.
I want to hold stocks in RIO. Its a great company.
Good luck.

Pure market manipulation. Clearly they have a customer wanting to buy so they try to push the price down, possibly putting it onto a junior team member to take the fall like some said earlier. I find in my anecdotal experience Barclays are similar, often when I see them post a rating, I've noticed the stock move in that direction for a week, then shoot in the opposite direction for weeks following.

According to the DLG forum there was a large spike in volumes and price, likely triggering traders likley to speculate over a takeover bid, spiralling the rise, then fools like me jumped in as the price rose due to FOMO, now it's crashing. Glad I only got rid of a 5th of my DARK shares to play my punt. I already had shares in DLG, so now I'm only sitting on a 1.17% loss so not the end of the world. Plan to hold and keep an eye on it now. Interesting few days. Not money making overall, but interesting... Clearly I'm not always right like I said before. Just a monkey at a computer :-)

Lol, jumped in during the auction with FOMO. Broker added me at 308.
Now averaged at 299 and gone from a profit to a loss. You can't win them all.
But I think there's no smoke without fire. Clearly there was a major spike for some reason at 13:59
I'm going to hold and see the day out.

Lol FOMO gamble not worked for me so far. DLG was in auction and my broker put my order through at 308p, now it's 299p, lost 3% in minutes. Fun times!!
No idea what's going on still, but got to be in it to win it. :-)
GLA

It looks like Christine Lagrande's speech has pushed more worry for inflation, so moves towards inflationary hedges like banks and insurance. DARK should be ok for the reason I said earlier - low impact from materials and long term inflation.

I Have no idea what's going on, but I just chucked 550 of my DARK shares over to DirectLineGroup.
Stupid FOMO gamble at £3.08.
Will wait to see if it pays off.

lol thanks Charles. Don't listen to me or many other people here. I'm just an outspoken monkey with only 8 months experience. There are people here with way more experience than me.
I watched Rayner Teo on Youtube when I first started to try to learn more about charts and indicators and swing trading. His free courses are actually pretty good.
I watch a lot of Bloomberg on YouTube from 7am to 2pm. But a lot of it you need to take with a pinch of salt. A lot of what they push is FUD.
I watch "Meet Kevin" daily, for info but mainly entertainment from about 14:00
I like watching LWT Trading on YouTube also.
But it's most important to look at fundaments/financials of each company. Patience is key on investing. The bottom is not always the bottom, so go in very small and average down, or go in small and hold, across multiple stocks to reduce risks.
These are some of the things I've learned. They may not be right lol. I've made loads of mistakes over the last 8 months. But it's been interesting, and I feel I'm starting to get there more now.
GL

I think we're clearly seeing some resistance around this 765p price.
Previous resistance/support seen here on the daily charts 21st July, early August, 9th September, 1st October, this week.
Just a small push in either direction from 765 could lead to a big move in either direction.
But after seeing a big drop, a couple of red hammer candle, and a big green day, I would be bullish on a solid near term performance. Today needs to end in a solid green day, and then a small push above this resistance line for nice growth. Otherwise I fear horizontal trading between the range of 700 to 770 for some time, or a drop to 650 or even 570.
But, tech is still in vogue at the moment, especially cheap software tech, as it's not impacted by inflation, so I would expect solid growth from here, or a short term blip and then increase.
It's quiet now whilst Christine Lagarde speaks. Hopefully she doesn't cause a scare.
Just my thoughts. DYOR all.
Cheers

Hi Charles
I invested in TradingView software about 8 months ago and I have a few screens set up looking at thinks like Materials, Bonds, Exchange Rates, Indexes.
I have Dark on my main screen currently with Weekly, Daily, 15 minute and 1 minute live charts set up.
To be honest I don't normally look at these indicators that much. I'm more of a swing trader, longer term trader.
But we're literally about to touch the 200MA on the minute chart again, so this will be interesting...
Hoping for another bounce, but often we see a small decline from here by the money makers to the US open at 2:30, but I think I will likely hold as I expect/hope for, a big run up when the US wakes up and we see a load of US private traders jumping in

On the 15 minute charts we just touched the 20MA so I'm looking for movement indicators.

Cheers Nom.
DARK has always been a volatile stock, but this is the first time I've got involved day trading it and paid it more interest.
The drop the other day forced increased interest. I had only about 3% of my portfolio invested before the fall, sold on the way down, bought back in, sold again, bought back in.
Now I've got almost 8% of my portfolio in DARK and I'm thinking about adding a bit in the short term. As I've said before on other forums, I only like to hold a max of 5% in any one share and about 20% in any one industry to have a spread, de-risked portfolio.
But when a share drops this much you have to consider if it is oversold or not and take advantage of a possible dip.

To be clear, I'm by no means a professional at this. I'm just out of work at the moment so I've been trading the last 8 months for fun and to improve my portfolio to make more from my life's savings - without risking losing a load - so I prefer safer companies with a small amount of my portfolio in riskier /gambling trades.

I'm also not a ramper or demoter, but I like to say what I think may be happening and what I'm doing to save my boredom at my desk.
Everyone should always do their own research.
Cheers

Loving it.
I absolutely screwed up yesterday, panic selling at the bottom, then buying back in a little, and watched the price rise more, and buying more.
But the charts showed a change of sentiment it seemed to me, so this morning I sold out a load of RIO Tinto which has continued to decline, and went all in on DARK
Today has been a good day so far!!!

Good luck all!!

We're here again on the 200MA.
If this bounces back up it's a really good sign that the money makers are buying again.