Member Info for SadAct

Good morning. Thrice I attempted to sell ASC at 3389, 3385 and 3382 only to have my order rejected. AAAaaarrhhh

Thanks for the pep talk.
Yes I wanted to trade ASC this last week but they got away from me, when they made a serious gain, I found I didn't have any. I did buy in but hate doing that on a fast rising stock (or a fast falling stock for that matter!). My timing has been off and my judgement over what constitutes a spike/shake. In previous weeks I have been churning a few shares several times a week, this week, little churning has resulted in poor returns.
Before starting to follow your system 3 weeks ago, I would not have traded so often but have found the profit in doing so. Yes, I accept your suggestion to reduce LLOY, SAGA and HUR trading for the time being. please feel free to make any suggestions, I certainly wont take offense.
Your previous success with trading ASC is impressive so I am surprised that you're not still actively trading them.
Have a good weekend.

I have done my homework and looked at both Steve Burns and A Guide to Understanding The Psychology of Trading. No surprises there for me…discipline seems to be the watchword. Also to trade in small proportions of one’s wealth with knowledge of the risk/return of a trade. Well, I am certainly guilty of ignoring these almost obvious pointers on too many occasions. The description of the emotional effects did chime with me. I went to a lecture last summer (given by a mathematician) on poker and I was surprised by how much of the psychology applied to share trading. (or gambling with shares as I now call it).
I didn’t make my target this week.
I did one churn on LLOY enlarging my holding by a mere 0.17%. I could have done 2 churns which would have given me 0.4% enlargement but I dithered. One churn on HUR enlarged holding by 0.38% (bought on Tuesday before their susequent collapse by 17% aaarrhh). One churn on SAGA enlarged holding by 0.49%. I now have a massive 9.1% less ASC shares than I started the week!
No trading on OCDO this week. I wont even mention MCRO.
So I had a bad week, but am I downhearted? You bet I am.

Rather lost my bottle to trade MCRO on the spikes and shakes after a misjudgement on ASC where I was without stock for a big rise recently.
Have managed to churn SAGA, HUR and LLOY this week so my holdings are going up. HUR had a big fall of 18% so I have shut my eyes. Starting to worry that I am trading too much.

Yes, OCDO trading range has become very narrow so difficult, nay boring, to stare at graph for long periods trying to imagine a spike and shake to use. It's not surprising that we start to look elsewhere and loose our collective marbles and have a flutter on another share. I too took a punt on MCRO and came a cropper, my price was, is 850p. Oh dear oh dear, when will I ever learn?

Still here, still churning, still making mistakes

I'm seeing ftse as making +0.64% gain today, seems crazy against the background of whats going on in China. What is going on in China? I feel that whatever they admit to, then it's probably worse. I heard a prediction on the today programme that this could reduce China's growth by 3%, based on what happened with SARS. Still it is sentiment that drives things and an incredible optimism that everything will be alright .

Thanks for that oogle, you have reminded me of why I originally came to OCDO, namely their technology and application of it. £17m is really rather a modest investment (a seed investment if you will pardon the pun) but shows the way for the future. Green credentials are excellent too with no pesticides and use of renewable power. On balance I am a fan of vertical integration, it has obvious efficiencies and helps to guarantee supply chain. I also like MRW beccause it even has its own farms.

Not a good day for me, watched ocdo without doing anything. Watched ASC and identified a minimum at 3052, didn't BUY and look, it ended the day at 3122, aaarrrr. Watched LLOY, saw an early peak, they seemed too high today so I sold and set an alert to tell me to buy back below 56.3, but I didn't. Ho hum, rule 8 applies, yet again.

There is another aberration on the ASC graph just after the open. There is enough range changing going on to make a profit IF only I could predict the spikes and shakes. I very nearly bought at 3052

yes it's spooky isn't it, perhaps it's trying to tell us something

Yes thanks, Friday evening went well, still don't recognise the house...it's so tidy and I can't find anything.
Bought cheap mobile phone charger cable from poundland yesterday, it has cured
my mobile phone charging problems, phew.
Managed to sell LLOY on a spike earlier, so that is something positive. Somehow cannot get tuned into OCDO or my other holdings today.

I have been wrong footed by buying into OCDO too early so I am having to sit out the current fall, although hopefully they have seen the bottom for today. Having trouble concentrating on the figures today, think I need a holiday or maybe I drank too much red wine on friday!

Good morning, yes, some chinese stocks down 10%, maximum allowed by Chinese borse. Their government has pumped a lot of money into market though. Hopefully that will slow the sell off. Surprised that our ftse is predicted to be up, 0.47% as I write.

Welcome aboard Vulnax, Yes, welcome aboard the gravy train. I spill most of my mine so don't take too much notice of my advice.
Sounds as though you have done all the right things so far including canvassing Treacle's advice. I can only endorse everything he has said. We are all amateurs at trading really, some with more experience than others. We all make mistakes but hopefully learn from them, I think treacle admits to making the same mistakes more than once. I admit to that too.
That’s especially good advice of his to do paper exercises to discover the results of “what if” trades.
Good to have you with us. The very best of luck to you, although you will develop skills too so hopefully you shouldn't be relying on just luck.
Please feel free to ask questions, everyone gets something new out of answering even the apparent simplest of questions. Myself I am just starting week 3 of using T’s system and I can recommend it. It seems counter-intuitive at first but it appears to be working for me (and him).

I can see it is annoying for somebody to look in on a specific board hoping to learn relevant information to that share.
I used to read the LLOY chatroom and very lttle of it was LLOY specific....learnt a lot about people's views on Brexit though. A lot of rooms have abuse, at least this one is polite. Perfectly valid for you to explain your system and how you use it with OCDO and it's characteristics, trading ranges etc.
I dragged the conversation wider onto non-stampy shares with a view to comparing how the same system worked with non-stampy shares. This experience feeds back into your method T and hopefully improves it. We are all trying to make a profit as reliably as possible after all.
Yes, could have done better with ASC today but I have learnt some things in the process.
Must open some wine now. Have a good weekend.

Apologies.

Ha, While you were asleep, we have been going bananas cleaning and tidying house as we have 7 for dinner tonight (plus ourselves). It is a regular monthly thing that started off as a book group, ten years ago, it moves from one house to another each month, probably 10 or 11 times a year. Sometimes I think it is the only time we clean house!
Agree with your OCDO strategy.
Yes, on reflection I sold ASC too early, achieving a 60p uplift when >120 was attainable. Ho hum, but I will apply rule 4 and Rule 8. I have made more than twice, maybe 3 times my target this week as my COB takeover proceeds came in today.
It is not all rosy of course, a lot of my holdings are worth less this week than last but I conveniently ignore that. Profit or loss only occurs to my accounting system when I sell something.

OCDO has exceeded a 135p range, wow.
ASC about the same, doh!
so I wish I didn't have OCDO already and still had ASC. Instead, the opposite

Have a sneaking feeling that OCDO might stay within the 25p range again, obviously too early to say but I am thinking that normal friday afternoon profit taking wont be such an issue today. Now the virus issue could have a big effect. Maybe some shareholders would prefer to be out for the weekend. The 2 day weekend is a long time at a critical moment for the virus problem.
Now that I have typed that, I think most prices will fall this afternoon as people run for cover. I always have to remind myself that it's not fundamentals that really determine the daily prices, it's sentiment.