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For me the much much shorter time frames meant the limitations were too stressful. The only way I found to make any money was to use leverage and even then with sizeable stakes. Which of course could move in the wrong direction. I found when they did I need to exit immediately to keep the loss to a minimal. For me, much to stressful. Hedge funds do not use CFDs and if you look at the returns you do not make as much as going loss pound for pound and you lose more pound for pound. The idea of selling short appeals sometimes but if CFDs are the only way to do it then caution is needed!
With swing trading I found this much much easier and more profitable because unlike the above where the losing horse race ticket was just thrown in the bin, with the latter I could take it back to the bookies day after day, after day, (up until the stop loss of course).
Having said that I still maintain a trading account and any wins goes into the proper one - the SLP fund or other like it. A few bob now and then for fun, it all helps. Until of course you have a bad day and think uggh... these things suck!
As others have said, over and over, traders (online - think that muppet Greg Secker and his "second home in the Scottish Highlands" ROFL) do not seem to make money trading, they make money teaching it. Mining the miners.
I could not do it for a living, day in, day out, it would drive me bonkers!
As you say, the trend is your friend. Cliché it may be, but that is it.
Real time using CFDs (but not gold) but very risky whatever the asset class and quite exhausting. My experience was that the "wins" were never on parity with the "non-wins". With the former - if I held on a few moments I might earn a few bob. With the latter, if I held on the same amount of time, my loss seemed to dwarf the prior win. That was of course using leverage to trade short and well as long.
I moved away and used a more swing trade long only strategy and that proved much more successful and less risky with a 80% success rate over 40 or so positions. Hardly statistical in terms of "proof".
I used the slow stochastic in an uptrend and not much else.
I`d be interested to know how you get on with IG (I used T212)
Will certainly make the basket price for Q2 "interesting" :)
Interestingly I had reports of two friends in the last two months both had their cat converters nicked again. One of them was in broad daylight with one of the reprobates actually holding the persons front door closed from the outside stopping them coming out the front door. The nerve of it?!
Anyone know why?
$ US 35m FCF p.a. based on:
75pp barrel IIRC - (might be lower than that, cannot recall 100%)
The numbers are not the issue. They won`t exist without a deal completing. Looks like AET assumed this risk and cannot mitigate it or shift it.
It is what it is.
I am intrigued of the purpose of the "long stop date". Normally in a contract a LSD denotes the end of some kind of liability or when a grace period ends denoting the start of a liability.
Here, it is not apparent what happens on March 31 (the LSD) and the CPS are still not met? It is implicit that the ...(well, I will not say it...) but to extend it obviously requires the consent of both parties.
Everything hangs on the CPs being met by 31 March. It seems to me Mr. Market still is not convinced (they have seen it all before).
But, keep the faith, trust in this Team and I agree, at that point, AET will likely see a very handsome return.
GLA
The expression "term sheet" is merely a label.
Similar legal docs include "heads of terms" or "letter of intent". In summary, all of these expressions are labels only. It is the substance of the document which matters and I have seen both non-binding and in parts binding term sheets.
By analogy a "cookie jar" is not defined merely attributable to a label marked "cookies" - if there is rice inside (and not cookies) it is a rice jar no matter what the label says.
It is always, always substance over form that matters
I have never understood a technical analyst and a fundamental analyst arguing with each other when they are both invested in the same stock??!
It is like two chefs arguing over whether a magnificent Michelin 2 star meal of Duck a l`Orange should be improved with salt or pepper.
Each, to their own.
There are many roads to Heaven as the great man said.
You are both right at times, and you are both wrong at times.
The truth - as I see it - is that you are both right
(albeit, perhaps not at the same time hehe!)
Oh, and did I mention RH PRICE INCREASE TODAY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Ugly Marubozu today, suspect another buying opportunity and will not be confirmed: this is all about what is happening on the ground and the size of those brown paper envelopes to get those CPs fulfilled!
Wow - that is pretty stunning Sheffo!
On SLP, I note that Rh spot has actually increased by 1.2% which is the first rise since November 22, 2022. That is also a positive indicator - not of course if you wish the share price to drop!!
I agree with Luna.
I once put my dosh in a stock and it dropped. Happy days, so I doubled up and averaged down.
And lo and behold like the Angels, it fell some more. Xmas come early, so I ploughed in.
Then it went to nil and I lost all of my so-called investment.
Oh wait...maybe I don`t agree after all?!
Everybody has a target price unless they never intend to sell. If you never intend to sell, fair enough.
But I think most investors do envisage selling at some point; it is hurtful to see (admittedly paper) gains of 100% wiped out.
Used to hold these back in the Regal days.
Looks to be practically uninvestable now with the political risks.
Thanks fellas.
Forget this C U Next Tuesday, do we have a new "long stop date" ? Forgive my ignorance in all of the other promises given, I`ve sort of lost track.
What is it now...end of Jan? End of Q1? End of H1? Does anybody have a scooby?
A good start to the NY.
Thank the Almighty this seeming dog of a stock is only 5% of my holding. Got to go back to December 2015 to see a SP this low. I wonder what the numbers looked like then compared to now....full of hope and growth ambitions.
I should have got out when I was 20% up.
Lessons Learned.
Makes sense and I take your point: the MMs take the risk of "stocking up" in the expectation of re-selling on in a rising market (but always with the possibility of having to "off-load" quickly if the market falls.). Thanks
And HNY !
Come on Sylvie as STUD-io might say :)
I never understood how there can there be "more purchases than sales " when, for each trade, one man`s purchase of stock is another man`s sale of stock? For every transaction, there has to be a buyer and a seller, so it is a zero sum game. There are as many sells as buys and vice versa.
I can assure you I have not had the pleasure of meeting Velo. I can confirm we are not the same person. Spidey is definitely a hero. Although I do much prefer the darker version in the comic strips. Talking of which, for me the Man is Martian Man-Hunter, the ONLY comic book hero to rival and even exceed Superman in terms of strength.
And talking of terms of strength, I`m hopeful that SLP will continue on its upward trajectory.
And may I wish all of you Happy Xmas and a prosperous New Year
As Terry Hall (RIP) once said - Love, Love Love.