Member Info for SadAct

Oh dear, sympathy sought....SAGA down 13%. I think I should give up this share trading malarky. AND TODAY IS MY BIRTHDAY TOO!

There's the 1075 on OCDO, triple bottom complete?

Good Morning.
Well it looks like another down day today, FTSE -0.9%, down 62 points. That's 3 days in a row and will put us well below the important 7000 level.

Thanks. That's positive news that I hadn't heard about HUR and TLW. I guess like G I'm holding on to a lot of holdings waiting/hoping for a recovery. I can afford to wait but starting to realise that maybe the funds could be better used elsewhere. It's funny really, I don't seem to be able to pick the winners as easily these days. A more disciplined (and focused) approach is needed. I still think your system can at least be the basis of that.

I'm down more than l like to admit to myself. I am making a bit of profit here and there but quietly ignoring the fact that most of my holdings have been reducing in value. I justify it by not selling, ii.e. not realising the loss. That will have to stop sometime.
I plan to go to France in April for 3 months, my usual routine but this virus business might change that I suppose.

Yes, agree about the benefits of trading an uptrending share. I think I will hold off FRES, I just cannot get my head around yet another share. As you know my portfolio is so large I am thinking of calling it the dog tracker fund except it would be unkind to dogs! FRES has things going for it in these uncertain times, good luck.
I am still in MCRO (as is V) so would appreciate any guidance when you think they are a BUY/SELL. Thanks.
I am expecting a serious assault to beyond the 900p peak of NMC soon. If one of my tranches (I have 2 currently) is in profit by about 16.10 or 16.15, I will probably sell, even for £50 profit.

The mid june 2018 low of 1087 almost exactly matches price right now although a smidgen off the low on 12 Nov of 1075. The "neckline" at about 1350/1360 seems quite apparent. If you were certain of this being (almost) a triple bottom, are you planning to buy in again at that level? I understand if the virus problem uncertainty is too great to commit to buying.

I am the same as you with OCDO, two tranches both about £2 off the money.
I think I need to go back to Treacle's course on recognising spikes and shakes on OCDO. I seem to lost that part of my head.
Just done another SELL on NMC at 893 (fourth today) so am waiting for an opportunity to buy back in maybe below 875. Somebody on the NMC board mentioned that a lot of automatic NMC share trades were happening at 875/877 level so maybe that is a support level now.

Yes, this thread is being posted "upside down" to what we are used to. I have checked that other General Chat threads are the same. Thanks for the tip to use the "reload current page" button on the browser, that has helped me.

Another of my dog shares (oh yes, I have a few) is TLW which took a massive hit the other day down to 36p, is having a slight recovery and is up 8.5% this morning, it looks like a spike, it smells like a spike so I guess it is a spike but can't bring myself to sell in case it goes up a lot further.

Welcome V. Have you been trading much this last week or so?
I'm still trying to operate the Treacle system and having some success wirh LLOY, HUR and SAGA, in fact, I bought back into SAGA around 9.30 this morning but only increased my holding by 0.8%. There have been other opportunities to SELL and BUY more SAGA these last few treading days but I have been distracted by having to watch NMC closely. That shouldn't be too much of a problem going forward as NMC settles down a bit, I even did 2 SELLs on NMC this morning using Limits but feel I could have done slightly better manually.

I have held CEY Centamin quite regularly over the last couple of years. They are a no stamp duty share, probably the reason I held them. Always made a profit although nothing outstanding. They are a bit of a one-trick pony having interests basically in one gold mine in Eygpt. There always seems to be a threat of a government takeover or tighter regulation so they are especially volatile when such news emerges.
I note that CEY are down 3% today but at 148p, quite a bit higher than the 110-125 range I last traded them.
Natural resources and gold in particular are often said to be the sectors to be in in times of uncertainty.
I will give it more thought.

Just so that you know there is some good news around, a trading friend of mine has shares in DJAN, they went up 55% the other day (company being taken back into private hands). I don't think I have ever had such a nice rise.

Yes, good old Rule 8 will always be with us.
FTSE taken a negative turn so maybe your 3 down days expectation will be right. I think I am as guilty as many of burying my head in the sand and hoping for the best over the virus. Didn't one of our posters sell up everything the other week?
Was that G? The area around Turin in the north of Italy is suffering, industrial heartland of Italy. I think G's house will probably be further south. Let's hope.

Fear of missing out on NMC lead me to buy them at 891, Doh! It was a panic move I think.

Think I should have held onto one of my tranches of NMC, I think they are going above £9 soon. Got an alert set to warn me about a fall so I can buy back in.

Yes, I trade in France but a lot less. It tends to be warm during my times over there so there are many other things to do....not just building work but generally having a good time.

Just discovered that I have to exit this page and return to get latest updates, doh.
I did a spike/shake churn on HUR last week but again, I lacked the patience to wait to buy back.
Just had an alert on NMC and sold making a small profit which means I have passed my target for this week.
There was a nice early spike on ASC this morning but I missed it.

Not sure about IG Trading Limit, as I've said before, I tend to have more, smaller shareholdings except in two cases (LLOY and FEVR)

I did the opposite to you...kept OCDO and bought back into MCRO, Doh!
I did OK last week, exceeded my weekly target but that was down to trading in TCM, NMC and LLOY.
The LLOY results were initially well recieved so I sold some and bought back a lot more, later in the day. If only I had waited till yesterday I would now be in amuch better position.
I have noticed that I am too impatient to buy back into a share after selling on a spike.
Bought back into TCM yesterday, I couldn't resist. This does not fit with my policy of simplification I know.

I am still in OCDO (am I the only one?) having perhaps ignored the writing on the wall. It seems at last the market is starting to take the Coronavirus seriously and so it should.
I have been flirting quite profitably with NMC but am running scared all the time. Doubled my investment in it on Friday, success made me more confident (or reckless) so added more yesterday. I am day trading it on the spikes and shakes in three tranches, having sucess so far.

On the subject of IG trading platform, I believe they have a BUY limit (inside ISA accounts) of £25,000 per trade. This has caught me out on two of my holdings which are larger. They allow SELLs above this limit but it forced me to BUY in tranches (which actually was of benefit to me in that it averaged my price down). I have been meaning to ask IG whether they will remove this limit, in which case they would probably charge me more than the standard £3 per trade. Perhaps it is a limit based on one's trading history.

Welcome to this new thread mostly a blog about aspects of day trading.