Member Info for SadAct

L: I often liken share trading to a horse race where the runners keep going around until you choose to stop when your horse is in the lead. Of course this assumes you don't stop the race too early by selling at a loss to realise a loss, something I have some experience of...Doh.
I am also annoyed at IG for costing me two profits on 21st May when they denied me service. They made a reasonable offer for one of them but refused the other. Nothing I can do.

R, you did the right thing holding on. Doh, I can feel L breathing down my neck pointing out that the T line on 10 min and longer chart never said sell at 1132. I was going by the 2 min chart (heck, I have 2 min AND 10 min charts in front of me simultaneously) which is "nervous" on BUY/SELL indications. Actually, the 2 min chart went to advise buy at 1133. I think I should switch off the 2 min chart!.
O: Yes agree with what you said. Must be something missing in my brain as I never lose sleep over shares, I get a bit downhearted when I could have taken a big profit but let it slide down to a little profit. I used to keep to 8 shares maximum and that worked OK so will try and inch my way back there. I must remember when I sell something not to buy something new. If I really have to reinvest (regamble) the money, I must try to buy more tranches of what I already hold.

Sold some CCL at 1132. Thought I saw T line on ema8 indicate sell, Stochastic was overbought and 7% up today so I pressed the button

O: you are right of course, I get a lot of flak for having many stocks buts its about 28 at the moment and I admit defeat, it is too many. It needed a friend of mine to point out the big rise in HEMO (25%) this morning for me to realise that I am not on top of them all. One share is too few, 28 is too many, how many is just enough and more importantly, how do I get there from here?
My AIM stocks and pharmas doing really well but others seem to be just marking time. Waiting for US open maybe?

Thanks L. You are right of course, I keep ignoring T line at my peril. Tried using ema34 when you first suggested it to me but didn't find it useful. I will try again. Also, for some reason, I seem to have it in my head that T line isn't so helpful on fast moving AIM shares, reversals in both directions seem to happen so quickly. Yes, using long time periods makes it all calmer but I call myself a day trader not a week trader and want to take profits more often. Perhaps I will come to realise that making 10 buttons is better than making 2 then 4 then 1 then 2 buttons.

Bought some PLUS....don't I always?

V: yes, GGP are doing great, tempted to try and trade them but am scared as the don't drop back enough to make it worthwhile. Sold some MCRO at 431 earlier for a 6% profit but have others that are "out of touch"

I can see you all had an exciting Friday if not too profitable. My day was coloured by having a bad signal then running low on battery. Sorry to all for not responding to messages on Friday.

m. Yes, I love that heat map on HL but I seldom use it, I do use HLs winners and losers tables though.
You did at least book a profit on Friday, more than me…mine was only £109 on a PLUS trade.
Yes, my partner and I both have stock and shares ISAs with IG, funded each year but mainly by transferring in previous years cash ISAs. Dividends are paid directly into the stocks and shares trading accounts with IG and ii. I assume you know that the actual payment date can be anything between days and months after the share ex-dividend date.

L: “T line says No to buying in on fall” I know but I keep doing it!!! Catching falling knives is bad but sometimes I think I am trying to catch falling, running chainsaws.

O: CC L 1017 and TUI 475? Well done there I say, they are good prices and I am pretty sure you could realise profits tomorrow if you wanted. I still have AFX, could have sold at a profit on thursday but dithered. Doh!

V: yes, had a good day on PLUS, but bad day on other stuff. I got greedy with MRW, could have taken a profit but didn’t. GGP doing very well, that is its first 10% day but I am trying to be a long term holder. Apparently a large buyer arrived on Friday and now there is talk of 12p next week. Talk? Ha.
Not sure what is happening with MRW, I read in the Times today that there is a shareholder revolt building as the two top men have awarded themselves extremely high pension provisions. The top man is due to retire later this year I think.

T: I ignored the T line screaming at me to sell late on Thursday and most of Friday so only have myself to blame for the two overpriced tranches I hold. I will try and blame bad comms on Friday for my bad trading! Need more discipline. I did buy more MCRO at 402 near the close, feel robbed as I first started trying to buy them at 398 and had to settle for 402, couldn’t “do the work” fast enough on my phone.

R: Your late morning sell of CCL was a very good move. Your latter buy of MCRO at 416 was agreed by T line on shorter time periods but longer ones would have kept you out. I suffer from same problem when a share is going down, i.e. wanting to get back into it (just) before it starts to rise and really not quite believing that the price can go as low as it has. It’s FOMO of course but the T line when properly used can guide us as it indicates after a trend changes.
I posted that Times article on MCRO you requested, see page 149 of this thread at 18:58.

A: I have bought some GRG now as I have fancied them for a while. My portfolio looking like a recovery bid as I hold GRG, TUI, IAG, CCL, JDW and loads of other dross.

Have a nice remainder of the weekend all.

10 min chart for CCL still not convinced it's a buy

Got tech trouble getting onto yahoo finance. Could someone tell me US CCL future (if it has a future)

I know you don't want to hear it but just made another 2%+ by selling PLUS. My MRW just into profit, plus ,5p Divi would make 3% profit but it took two weeks. Hoping for an afternoon surge on CCL but not holding my breath. Perhaps trump will boycott Twitter, now that would be a good outcome.

V: Are you up yet? Welll I have bought PLUS at 1293 hoping to sell later for a 1% profit (or one hubcap)

Interesting that DART (JET2 etc) seems so strong and handled the intial setback today much better than TUI.
Similar pairing, EZJ handled initial setback better than IAG.
Needless to say, I hold the two "laggards" TUI and IAG. I know, I know, I should have done more research before purchase, but I chose the two non-stampys.
I note CINE has handled the setback well too.

Well, that was scary for a moment or two. I accept shares can't go up every day (unless its OCDO, LOL).
Have bought GRG and JDW to add to my particular recovery shares

A: GRG is a share ready for a big recovery. I fancy them. Their recovery has started but surely there is more to be gained.

Morning all, have a feeling I will be selling CCL at the open, well, at least one tranche.
As acting adjutant to the brigade I have signed my own request for compassionate leave. We are going to (social distance) visit my partner's mother who is 92. All necessary precautions and more will be taken. She lives a couple of hours drive away and it will be a day return trip. Will check in when I can. Good luck all and be aware of those pesky friday profit takers especially as it is also a month end if that makes a difference.

Yes, you can trade shares and other securities from within a stocks and shares ISA, it is what I do. It is free of CGT and dividend tax and you don't hae to account for any of it on a tax return. Normal limits of contributions per year is £20K per person, Plus you can transfer in Cash ISAs from previous years (maybe even SIPPs, I don't know)

Article from the times as promised..........

The Times: May 27th 2020
Focus is on paying debt before dividend…..by Simon Duke. Business Technology Editor
MCRO has scrapped its final dividend for last year and will use the savings made to reduce its borrowings.
The troubled software developer had suspended the payout previously, telling investors that it would consider distributing the cash later in the year if its financial performance permitted.
However, it now has axed the dividend altogether and will take $150m from its cash reserves to pay off a portion of its $4.4B net debt. That will enable the group to revive a plan to strengthen its balance sheet, put on ice last month because of the Corvid-19 pandemic.
The company is replacing a senior loan that matures in November next year with new debt to be repaid at an unspecified date in the future. It has extended an existing $500m credit facility from 2022 to 2024.
Formed in 1976, NCRO specialises in legacy computer systems. It has more than 40,000 customers, many of which still rely on older computer and legacy software packages. During the 2010s, it grew by a series of takeovers, culminating in the ill-fated $8.8B merger with HP’s software division. Kevin Loosemore, 61, who oversaw the acquisitions, resigned as chairman in February.
Revenues fell 11% in the first half as customers deferred projects and opted not to renew contracts in April. MCRO had $5.8B of intangible assets on its balance sheet and $6.7B of goodwill tied to acquisitions at the end of October.
Shares in the company rose by 20.5p or 4.9% to 440 yesterday (May 26th) valuing it at about £1.5B.

V: Though you would be interested, PLUS did their last minute run up and I sold a tranche of 500 for a profit of £64. Not much, smallest profit I've taken this week by far, but I expect to buy them back in the morning for less and of course there is no stamp duty.

V: That's it, just keep plugging away making a profit most if not every day. Gradually you will get more accurate with buy in and sell points which only really comes with experience. Try not to make a rash trade, something I do and nearly always regret. It can actually be boring at times but better boring than loss making.
Yeah, I am a fan of Red Dwarf. I especially liked the episode with "purple alert, purple alert" in it because they were out of red bulbs.