Member Info for mojo7865

I would hardly call myself a day trader I can post some of the positions I closed out last month one is dating back to October of last year. If you can’t see the tea cup in a storm brewing situation then more fools you. With tapering, inflation, cop26 and covid I guess they are just noise too? In a short span of 3-4 months you’ll see what I was saying. In any case it doesn’t affect you you’re a 5-10 year investor so it is noise but good luck I’m with Zack on the fact that divi doesn’t make up capital growth on this share at best you may break even if you were the unfortunate ones who bought in above 4 quid.

Don't worry charlie don't have to believe quad witching is coming to a forum near you on Friday prepare for lower highs. Majority of the market will be rocked till late December there's a storm coming and it's not GOM.

Well thanks hope you're good too I've been enjoying last weeks sun. Other than that kept one eye in the market scoping if there are any opportunities but, right now everything is on a seesaw waiting to see which direction things swings. I probably won't be back in anything possibly closer to Christmas now if I do decide to dip back in but most things need a value adjustment.

I'm with you on that one mark been observing for a few weeks now since I sold out of everything a while back and the market looks ripe for a correction. I've been keeping a close eye on miners only thing holding up is glencore because of high coal prices but even that looks to have peaked out. On the flip side iron ore per tonne is now in the 120s still massively profitable for most aussie miners however a far cry from the 220 seen in may. Majority of things will get a rude awakening come Friday me thinks. Most shares have languished and failed to break above lower highs etc. Only way for the market to move forward is to bring everything back down and refresh the money supply.

Doesn’t look great 300 becoming quite the resistance weekly pointing towards a 282.6 support. I’m not even sure that will hold up as we reach cop26

Agreed Sigma at some point profits need to be booked the buy and keep forever mantra doesn't apply to hedgies. I said for ages the market is a complicated legal ponzi. Like you said every time you buy the dip you are adding back into the pot which the larger funds just raided so they will keep rinsing and repeating this process. Whether the next dip is a buying opportunity is really up to the individual there will always be buying ops but, generally not every dip guarantees a bounce back to previous levels so you have to be careful where you do buy in. From what I seen the most gains are made during serious downturns and after 2-3 yeas post down turn its very difficult to make serious gains as most the gains occurred during the recovery phase. Look at what happened when qe was ended after the financial crisis. I do think the next downturn though will likely not be in a 10 year cycle I see the cycle reducing to possibly 5-8 years.

Not following ftse finished down and is lower pre market dow is still 300 points down today…

Noticed the Dow is down heavy today. Watch out for qaud witching this month. “Bull” Tom Lee already saying 10% correction coming in oct I feel like it will be sooner and next week is when I think things will set in motion. The fed has backed themselves into a corner with their fiscal policies and with another 3 trillion to be printed by the end of this year inflation will be through the roof. A lot of companies are locking in lower rates for longer out of fear of a rate rise however, the fed and the rest of the world know the money markets are fugged and can’t raise rates appropriately so any rises will be in the quarter basis points movement for now all the way up to 2% over the next 5 years probably. Saying that though most consumers have over leveraged their borrowing in that some can’t even handle a single basis point rise let alone a few. To keep this sick game going the fed will keep rates low but there will be rise at some point to balance things out.

Good to hear mark you’re reevaluating. I think lessons to be learnt here tbh don’t get too attached to a share and assess how the world is changing. I got caught up in the same fiasco with lloyds bought pre brexit and held through covid thinking I’d get my money back not to mention “I’m collecting good dividends” in the end cut my losses at 45 and made most of it back over the past year.Holding forever sometimes pays off but in this case I’m extremely doubtful. One of the takeaways I get from my lloyds lesson is how out of favour U.K. banks were with society in general most people still blame them for the financial crisis we endured during 2008. It parallels bp in that woke culture and government look for scapegoats this is true throughout history. The damaging part is bp and shell May never recover to their heyday sp I could be wrong by 2022 this might hit 400p but over the past 6 months my thinking has changed on that. There’s a movement and the woke society don’t care about bps and the shell changing direction they want nothing more than their destruction. Look at AOC in the states. Even with the banks it’s all about you fugged us over in 08 so now you and your shareholders owe us. I mean look at the boe intervention one can say it’s necessary but anytime there’s a body that interferes with private companies it sends shivers down my spine. The amount of incoming litigation the oilies face as time goes one just mounts day by day.

Observation outside in Glencore is doing well off high price of coal atm. There’s a shortage in supply a bit like how iron ore took off. I’m actually out of everything at the mo just because most my capital is going towards a few housing investments in the coming months. Having said that if I wasn’t buying some properties I’d definitely be in mining more than oil particularly glencore. You can see the trend potentially building here for a heavy reversal downwards in the sp. lower highs every week just like last year. Anyway watch out for 3rd Friday of sept qaud witching is upon you.

There was a great opportunity 2 weeks ago to shift over to glencore on the dip to 305 since then it’s hit 333 and bp still languishes in the depts of hades. I think it’s time to cut your losses mark take a break and reassess potentially where you can make money instead of watching old yeller getting put down. Will only get worse as cop26 approaches.

Lmao you’re the one telling people to buy in the 330s or do you have a short memory 400p imminent it’s a bit sad. As for telling people to sell I’ve told individuals such as mark and tinker not to sell even though they’re in losses as trying to make up the losses elsewhere is likely to lead to bigger losses. So your nonsense about me is hilarious but continue your with your “boom”

Glencore I’m out but not cause of demand issue coal is at an all time high and they’re diverse but the fed tapering at Jackson hole this week could lead to sharp drops. Look at the rest of the miners atm.

Forgot to mentioned moving averages vary some people use differ values and everything else I also use rsi and macd for indications.

The way I work with charts depends on the time frame you are looking to hold if you’re trying to do a day trade I usually go with a shorter time frame. However I rely on longer term I.e daily and weekly for overall trend. So for example bp closing below 292 was below the 200ma for the daily which means the daily trend is broken so I need to go to the weekly to refer to what may be next. I.e the weekly chart 50ma that’s how I figure where the next levels could be. But obviously the 200ma can also be a support and buy in point on the daily hence you put a little in to catch the rise and keep the powder dry should the drop go to the 50ma on the weekly. Hope that makes sense look at some other charts you’ll see what I mean Tesla for example you can see good bounces off the areas I mentioned even when it dipped below the 200ma for the daily you then look to the weekly for an idea of how things will play out. You also need to focus on how the trend is going is it upward overall or starting to go down in which cause the highs are going to get lower and lower each time there is a bounce which I think is what is happening with both oil and bp.

Lol that's quite entertaining lost my mojo yet I'm up 15% for the month of August whilst youll be celebrating bp going above 300 for the umpteenth time good luck with that. Your boom fades with each passing day the only reason people like what you're posting is because you ramp the share non stop with your unlimited of funds any dip buy right? I've seen too many posters as yourself. Give an honest assessment once in a while bp as a brand has dirty hands and it remains to be seen if the changes they make will alter the brands viability with esg. Anyway you're in at 200p so whatever enjoy collect your divi don't worry about my opinions clearly no one has made money off my calls.

Lol lost my mojo I guess being up 15% for the month of august is called losing your mojo I’ll let the hedge funds know their 10% gains annually is rubbish. In any case keep buying with your infinite funds as you do on every dip and keep celebrating the rise above 300p for the umpteenth time.

All good nevershell balanced approached I think people get too carried away by 2-3p rises admittedly I’ve sold early by 2p but my peace of mind is more important than that. With Jackson hole meeting taking place this week I anticipate more volatility as we go into sept so I’m cashing out all positions and sitting out till at least oct because of mounting fear of a larger market pull back. Remember at some point all these gains across the markets have to be cashed out not every hedge fund runs with a buffet philosophy.

Bought some at 306 huge bulk and sold last week on the rise then bought bp at 289 and sold this morning for 292.7. The 3.19 ones I bought were only like 5000 shares off set that with the 306 buys. No deramps here but the sp is below the 200ma and struggling to get back over it with the negative news flow atm it looks like the weekly target of 280 on the 50ma is there. Anyway good luck all my own views not telling anyone to sell or buy but for me I can’t see myself coming back into this share when there are other plays out there.

Sold out this morning minuscule profit but this share left me too anxious over the weekend. Should of stuck with glencore lol I think this is the last time I’ll be buying bp I think the sp is just going lower each week that passes by. It will be a miracle if it his 3 quid again before sept.