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Yes, T does use that LSE intraday chart and puts great store by it. The actual dynamic scale is driven by an algorithm that just ensures that all available data points are displayed plus a blank margin above and below for elegance. The chart is running at least 15m behind real time but I think the dynamic scale is live so it appears to predict the future. I use a live chart in the IG platform. I think HL gives it's customers a live version of the HL chart that I can see.
The "range" we mention is the NORMAL daily trading range found by looking back through previous days graphs and on the whole for OCDO it is 50p. (about 4.3%). Things aren't always "normal" though.
I use a range of 0.8p for LLOY (about 1.4%). Note to self: more profit opportunity with OCDO, maybe
I have been outside tuning my chainsaw (it wouldn't keep high revs when cutting), it does now but the point is I took my phone with me which was giving me alerts.
As it is possible to setup a dummy account with IG, one could, I suppose, set one up just to give alerts on screen and on phone
V...you seem to be getting a good handle on T's system . The only thing I would mention is that you haven't said that you are taking account of the expected range of the share. This can be quite an accurate guide, sometimes spookily so.
at about 11 this morning, I nearly bought back into MCRO, having sold on wednesday at about 800p, the offer at about 794 would have left me with a mere one extra share and some change. I got greedy, dithered and now I regret it.
Did the same with LLOY just after 12 (which I sold on a spike yesterday), I expected a dip, using my 0.8p range measure, I expected it just about 57.3. It happened and I could have bought at 57.236, dithered again and they got away from me.
T calls these learning experience, my word for them would get me reported!
My own system? Ha, my own lack of a system is what is drawing me to your system. Remember I told you that 4 or 5 years ago when I restarted trading seriously and had spectacular results in the first year, then lost a similar amout on CLLR the next year? Well, looking back, I think I now know that that first year was mostly luck (but hey, I'll take any amount of luck). I did things like "doubling down" if a share was falling buying more at a lower price. Never realising a loss...i.e. not selling until a share was in profit, which is why I have a few long term dogs (but good dividend payers) like BT and CNA. Had some fortune in choosing 2 or 3 tech shares that were subsequently taken over at nice high prices. Make that 3 or 4 as COB is the latest (which incidently is one of the reasons I am in TCM and MCRO as I believe they are potential takeover targets).
Your system of increasing (and decreasing!!) the number of shares prevents an "attack of the Carrillions" by keeping the money invested constant. I repeat, I like this part of your sytem.
French Chateau it certainly isn't. My incentive with share trading is sheer bl**dy mindedness and revenge in trying to get back the money I threw away on CLLN. Brings me to a point where I must mention (yet another) of my emotional bad share trading habits, namely revenge. Revenge in that if I have made a loss on a share, then I have to get back that amount or more from that share. This is because I have to blame anything and everything to avoid admitting that I have made an error (or even just suffered bad luck). I still haven't fully learnt the lesson of cutting one's losses and using the funds elsewhere.
The CGT issue. I have that covered, I use an accountant and he has kept me on the straight and level. The £250 it costs is insignificant compared with the capital gains. I know a lot of people keep quiet about their gains and don't even declare them, I disapprove but that is a matter for them. I think I told you also that I have been progressively moving into Stock and shares ISAs (one for my partner aand one for me). I expect by next year at the latest I won't need to even fill in a tax return as I continue to move into the ISAs completely. Yes, OK, you can "only" subscribe £20K a year per ISA, but I had significant savings from TESSAs and Cash ISAs which I transferred. Yes, I don't expect to be paying any more CGT as I bring forward by wretched (but ultimately useful) CLLR losses. In fact, I have only had to pay CGT once, on that first year, since my restart of trading 4 or 5 years ago. My dividend income is something that I plan in advance, especially as now the tax free allowance on divi income is only £2000. Thanks for the reminder though. Hope others are listening. Ha.
This week I have made about 20% above my weekly target by close yesterday. However I don't think I am accounting for losses correctly. Here and there I have fewer shares so I have been conveniently ignoring that effect.
Everything else? That's a big question, but share wise, my off piste shares are having a mixed time, TCM and PLUS have given me some profit but I am not running them on your system.
For shares on your system, FEVR, ASC and MCRO, they are in the doldrums at the moment. LLOY and SAGA, have increased the share holding nicely. IGG no change (although a divi to be paid in 2 weeks). Rather not mention the dogs of oil, HUR and TLW
Storm Daniel? Storm Daniel? I know we are behind the times down here on Darty's Moor but we are still "looking forward" to storm Dennis tomorrow. LOL
I am predicting it will reach about £12 today.
How is Vulnax getting on, hope he is still outside looking in as it could be somewhat disappointing to starting a new trading system with OCDO a bit on the skids lately.
Today will be the end of my 4 week trial of the T system, will I continue next week? Will I just stay in bed instead? Will the government improve the transport infrastructure in the South West? Will this lousy weather ever end?
9 months old but worth a read.
https://verdict-ai.nridigital.com/verdict_ai_may19/ocado_automated_warehouse
YouTube video of robots operating at the Andover warehouse (before the fire)
https://www.youtube.com/watch?v=4DKrcpa8Z_E
G: I am using IG as my dealer but I think I remember T telling me that HL had something similar for alerts. You can choose to have it alert on screen or/and to a mobile, very useful when temporarily away from your main dealing computer/laptop
And they paid £12.12, slightly more than I paid yesterday, that makes me feel slightly better.
OCDO share price coming back nicely, just had an alert to say >1185p.
Noticed that the volume volume according to MorningStar is roughly agreeing with the HL figure.
Here is a 3 year old article about OCDO technology to remind us why we are invested here.
https://www.newscientist.com/article/mg23231041-600-when-data-delivers/
What a morning I've had, think I will invest in a UPS to keep the router going in a power cut. I live on dartmoor, electricity supply here is by vulnerable overhead cables so it's not an unusual occurance.
Sold LLOY that I bought earlier so now have about 2.1% more shares.
I'm in a little too high with ASC but happy to be holding them.
Waiting for the possible 2.30 shake to maybe buy back MCRO, but only maybe.
Have read all the messages now from this morning, I understand your comments, T, on my message from last night.
Have missed half the messages this morning. Good news for me is that I automatically bought back into LLOY now have more shares than the other day. Badish news is my auto buy of ASC was at 3473, emotion wouldn't let me specify the full range and buy cheaper...that's how desperate I was to be back in ASC. OCDO? Well it's bad news continuing. I should be back at my desk by the time you are back from walking your dog
Their stated aim is to reinvest any profits in building for the future. I know it leaves a bad taste in the mouth when senior management pays itself a lot but I am (trying) to look beyond that to the future.