Member Info for SadAct

The only blue price on my watchlist is WJG so not everything is bad

OK, I made a share purchase not necessarily to my advantage. There I feel a lot better. Well done at 1284

market only open 4 mins and I have already made 2 errors. Jumped in to BUY OCDO too early 1295 and same with IGG

Certainly looks like a down day. In theory I am expecting ocdo to be up a little but the Coronavirus effect is too much for me to process, so guess its a matter of wait and see.

Good morning, looks like there is a bigish fall coming for ftse, not a surprise really.

I like the idea of resetting to a fixed number of shares on monday morning.
I have only been playing with a relatively small number of shares in OCDO, FEV and ASC to try out your system. I think I can make it work for me so I will increase the numbers.
Regretably, I haven't sold any ASC yet so can make no comparison.
Didn't understand "N/T"

I'm impressed, I haven't made those sort of consistent gains since my pre CLLN days. That really did knock my confidence. I think I have more invested than you in total but I am not getting a good return lately.
Weekly profit in percentage terms or money is sort of meaningless with the way I have been operating. It depends on when I sell a share and realise the profit. I can remember fabulus days, the whole market was up, several of my shares were above my expectations so I sold several holdings in that day so suddenly, big "profit". Then other times are barren and little or no profit is realised. My method, if you could give it that title is probably the most used one by PIs which is to sell high, buy cheap but on a macro scale, using down days as opportunities to top up. I used to take full advantage of the old TDW allowance for extended settlement up to 20 days. This is gambling of course, usually worked for me and is a way of investing (nay, gambling) using OPM, Other People's Money.

I'm still taking all that in but, to quote you, you have to do what works for you.
I think you are trading well, you are following a methodology which gives good discipline. Obviously you can't control the range of share price each day, so an element of luck is needed there ( but only insofar as a greater range would effectively speed up rate of trading and hence, hopefully, profits). I hope you do try tranching. It's not always appropriate and I tell you from experience that it can make record keeping complicated. Did I mention one added advantage is that you are more likely to have stock in the event of a step/breakout of the share price. Sometimes it can reduce overall profit. For example, psychologically one is more likely to sell the first tranche early as there exists the backstop of selling the second tranche IF the price moves higher, of course the price might not move higher, so you have a smile on your face (and then wonder why you didn't sell both tranches/all your holding!! This where judgement and confidence in call the spike/shake comes in, if very confident, sell both etc.
My trading is not disciplined. I have made money but feel certain I could make more with more application. It doesn't have to be application to your method but rules are good and can see you through moments of panic.
I see the ftse going down tomorrow, only on the basis that it has made reasonable progress lately.

One thing I have been meaning to mention to you for a while is that I am surprised that you use LSE intraday chart, after all it is 15m behind real time, I would have assumed that you would use HL charts (I assume that as you use HL to trade, the charts would be in real time). Anyhow, I just looked at HL charts on the HL ocdo pages and wow, they are really good. The things you can do with them, comparisons, moving averages etc, loads of stuff. It will even flag up your own trades, if you tick that on the "events" menu. I will certainly be looking at them more often. I checked to see whether it showed that spike at fridays open on the TCM share price, it does. LSE and IG don't, they don't seem to be displaying graphs to sufficient resolution.

Good morning T. For me "Good Shopping Trip" is an oxymoron. It got done, I spent my time enjoying myself, reading, writing and drinking tea in cafes, oh, and a walk along a sea front . She did the actual shopping business, apparently she did a good job of it as there is now more stuff in the house!
I haven't got anything earth shattering to suggest after reviewing the last week other than to repeat things already mentioned. Buying/selling in tranches. I already do this sometimes. For you, it would get/keep you in the action instead of having to sit on the sidelines without stock for a day or so. Yes it makes trading slightly more complicated (+extra charges) but I think I can report it has nearly always worked out well for me. You are a long term believer in OCDO, as am I, I even said last week that I wanted some shares to hold longer term, that idea lasted about two days and I sold all my holding (bought as 2 tranches) on a nice spike.
Sort of brings me to my next observation, we should do as we previously decide, unless big extenuating circumstances have/are occuring. This certainly applies to me.
Also I want to use all the money from a share sale to buy on the next shake, I only managed to do this for about half of my share buys this last week, partly forgetting and partly being simply too busy.
On the whole, I think your method is OK, the return is proportional to the daily range available, on low range days,more finesse ( or no trading) is needed. I'm glad you are back into ASC, I think it will be easier to make profit without stamp duty. Perhaps you are concerned that you will not be able to give OCDO your full attention and that your trading there will suffer? Let's try it for a week. Perhaps adding "tranchification" to the mix at the same time is risky?

We're out shopping, Mon to fri, I make the money, sat, she spends it. Lol.
I did look at the chart and knew about good results, first impression was that it was an obvious SELL , but my reckless Friday punt was going to happen anyway so I bought. (I admire contrarians...but only sometimes)

About as sad as me going through the MSG's for the last 2 days to get a feel for which predictions/suggestions turned out ok

Morning T. When you suggested V set up a trial account, I thought maybe you could with IG, purely to use their alerts which appear in small box on screen and a beep. I have mine come to mobile too. I'm surprised HL don't do something similar?

yes, very good, are those your actual B and S figures?
Reminds me of my success on FEVR the other day. I managed 6 and a half B/S trades as opposed to your 3 but your ranges were much better than mine, I was making only 1 or 1.5% on each B/S trade whereas your figures show between 1 and 2.7% on each B/S. This is entirely down to the range of the fluctuations in the share price movement. Curiously, when I look back at the chart for FEVR on wednesday, I can't see enough variation now to even try to make money. I assume there are machines doing these sorts of trades all the time, with more frequency, and accuracy, than we can hope to achieve.

They are between one and two pound ranges, that is good, wonderful material to work with.
I am pleased to use a non stampy share, (not always but usually AIM) yes, it usually means more volatility, greater volumn effects, in theory a more risky share (although I have no fears for ASC {fingers crossed}). There are some trading issues, for example the spread is often wider for longer in the day, but, for me, not having to learn my 1/2 percent times table is everything.
I am actually reluctant to work out actual profit for the week but know roughly how much I was ahead on thurs eve, then I made some more today. I might have an extra egg for breakfast tomorrow. I have weekly targets in mind, never daily ones.

Yes I am using those charts and the equivalent IG ones. As for what price to sell at, I am guided by you. I guess we have to watch the opening action and take a view. Did you suggest once there was a range of 100p? Seems big but the bigger the better. I'm seeing a range of ranges mostly 50 to 100p, but you are right, the volatility is there.

Apologies...only interested in OCDO? read 1st paragraph

OCDO.....Well I made a little money on them today. Made a rookie error in my trading with Interactive Investors, ii. Yesterday I bought 2 tranches of OCDO at 1317 and 1309, one on T2 settlement
and the other on T10, then when I sold a tranche today, I sold the wrong one. Not too serious but it squeezed my funds a bit. Of course I wish I had bought a third tranche yesterday
at 1292, then I would have sold them when you sold yours T. I couldn't bring myself to sell on the spike that you saw. (I remember well, ignore the actual price,
concentrate on spike or shake Rule 4) but I couldn't do it. But see LLOY activity below. I did sell one tranche a little later and go into the weekend with one tranche left (Rule 8). Trading was too flat for me
on OCDO today, the range was too small, especially considering stamp duty. I feel well placed with my shares at 1317.5 for monday.

TCM.....I have already mentioned that I set my limit sale too high to catch that opening spike. (Rule 8)

FEV....eyes glazed over, couldn't get into the pattern today.(Rule 8)

WJG... had a chance to sell at a nice profit but felt greedy at thaat particular period during the day, some other share was disappointing me, so I didn't sell them.
Yet another disadvantage of having too many active shares, crosstalk. But Rule 8 applies.

IGG... bought them yesterday to get next thursday,s divi (12.96p) but the chance to make 15p with no risk was too great so I sold them. I am happy even
though they continued to rise and I could have made 23p. Ha. But a profit is a profit., Have we got a rule for that? Oh yes, it's rule 8. Will probably look to buy them back on monday/tue
on any weakness.

LLOY...Had a shed load of these for months, they are a long term hold, mainly for the divi. When I saw the first spike up to 3%+, I couldn't believe it.
I looked for the reason, news etc, base rates up etc,. I wish I had sold immediately but didn't. They dropped a percent or so then went back up so I sold them
(technically at a loss). 2 hrs later, I bought them back and made a profit. Now why couldn't I have done this with OCDO earlier, as mentioned above.
This is all down to the most import rule, namely rule 4. Good old Rule 4, Let's hear it for Rule 4. The Rule 4 clause: "you can always buy in cheaper later" is
important, no vital. You must have at least an expectation of buying in cheaper and hopefully that will be soon. After all, have you noticed how easily,
often and rapidly, shares come down compared with how they go up?

ASC... I like them, a volatile non stampy in growth business (on line selling). Nearly took a quick profit on second tranche I bought today but listened to your forecast for them
and decided to hang on.

HUR... bought back yesterday, made good progress today but couldn't identify spikes and shakes.

TLW....don't talk to me about these, It's a yo-yo share but I can never tell when it will m

had an offer to sell at 1326.4 and said no!

glad you are in 2 shares, delete rule 10!
Full report later. I am on the cusp of selling OCDO if this is a peak.

With us both in ASC at similar prices, it will be ineresting to collude on strategy. You'll find more thrilling I think because of the absence of Stamp Duty. The BUY button was still working on my keyboard so I rebought my LLOY shares at about 1% less tan I sold them for, plus some money in the account!
Don't know what to do about FEVR, should I reduce my holding for the weekend? No, I think not.