Member Info for SadAct

I advocate setting a reasonably easily attained target for reasons already specified. I started out just trying to beat what could be obtained with money in a high interest account. When I found that what easily realisable, I moved more and more of my money (retirement fund) into shares. At the time I think it was about 5% p.a so I gradually increased my target (but not too high). One of the reason I am happy to take little and often profits is that even if you make 1% on a buy/sell trade, if that happens in one week, the annualised return is 52%! Do it in a day or two and well, you can do the maths. The downside is the pressure to keep money invested, i.e.earning, after all it isn't making anything by resting as cash in your account. This is one of the reasons I have quite a few holdings, If a share comes good and you sell it (hopefully at a profit) the imperative to reinvest isn't so strong that one rashly buys something.
How much is enough? A personal question which we can all answer in the form of percentages. My target is to make 20% of my investment in shares in a year, approx half a percent per week.
OK, I accept that dealing costs start to have a serious effect if dealing often and with small tranches but put £20K in an account to earn 1.5% p.a. if you are lucky, ££20K is enough for ,say 4 or 5 tranches.I certainly started with less and was dealing in £700 tranches. I think T mentioned risk. Please be careful, please dont take what I have said as gospel.

L: As ever, thanks for your observations. They are both interesting and relevant. I must do some more homework, yes, I have a long weekend to do it in but find myself competely worn out after a busy week at the screen. Pathetic I know. I also know you would suggest that I use longer periods and trade the trend..much more relaxing. I certainly agree that stochastics tend to keep you out of a trend, indeed that was the second major lesson I learnt when I started using T line. i.e. that I was able to hold in a share (or out) for longer and get closer to the optimum point. The first major lesson being to use candlesticks...much more informative. Excuse me, you know all this but I repeat it for the brigade.
I still can't bring myself to spread bet, perhaps I don't fully understand it (for goodness sake, IG keep bombarding me with links/webinars to learn about it.) tey also,by law, tell me that 70 odd percent of their spread betting customers lose money. I don't like those odds, I recognise my abilities (and lack of) and sometimes my reliance on luck.
I will visit your thread more often and maybe add some humour. Thanks again.
By the way, I think you also use IG platform, did you suffer any losses during their outage the other day?
I was livid, I couldn't sell 2 shares at a peak, their telephone trading number was "unobtainable". Also, in the last couple of weeks, I have noticed that sometimes the charts freeze, this cost me some money when I first noticed it and ever since, I have been changing parameters frequently just to ensure the graph is updated.

T. Yes, did OK this week, made 4.63 x target. I might try upping my target but 2 things hold me back...I like to see how I am doing compared with previous weeks/month etc (I know, I could simply multiply by 2) and I would hate to miss my target for the week, silly really........The other thing is it's only a four day week next week and I will keep to my fixed target and having a lowish target means I could have time off but now is such a time of volatility, it must be taken advantage of. I could reduce the target and get more R and R? Ha.

OK well done to the alphabet section of the brigade. I really hope you all had a good week. I did OK, made fewer mistakes this week but they are still mistakes....must try harder. I already have our Rioja breathing, my turn to cook tonight and no...it wont be beans on toast. Have a good long weekend all.

Sold ASC at slight loss, wanted to lock that sp gain in.

Yes, I did mean I held CCL over the top and down the other side of hill 1021p.
Tend to buy plus in tranches of 1000 shares, 13K worth and accept profit of £100+. yes, small range but I feel it is reliably repetative (except maybe today). Unless something strange happens, looks like I am holding small tranche CCL and medium tranche MCRO, 3 tranches of PLUS, small tranche CINE and HUR over the weekend. I currently have 22 holdings. Called spreading the risk after I was almost wiped out by CLLN.

10 min argument, sorry I mean 10 min chart on CCL has T line indicating a sell, I am holding on.

Said this several times, but PLUS always manages a good run up before the closing bell...the trick is to buy in at the right price first (Doh, did I just say that). Today I bought too high but it is uncanny how often I take a small profit on PLUS...also their divi is astronomical, they pay nearly all their earnings out in divi I think (check that), also, Isreali registered so no stampy.

m: eye strain? It's OK we are all like that, the Brigade even negotiated a discount at specsavers.
V: MCRO is setting off my alerts. I haven't sold MCRO today so have taken through the ride to 1021. You were very accurate in your prediction of the 80p range.
C: FEVR getting frisky for me to sell...not sure. CINE coming back up but we may not see a profit today.

Bought back into CINE at 59.34

You know that Trump, he is doing the work of two men...Laurel and Hardy

Sold OCDO that I bought at 2028 but only bought 500.

m: hope you didn't follow my suggestion and bought IAG...as soon as I mentioned them they took a bit of a dive. Definate engine failure there. I sort of got it right on CCL and refused an offer to sell at 1021, greed set it then misjudged the changing sentiment. T line on 2 min chart would have me sell them at 1010, wish I had.

M: you are doing well...keep taking the profits!
I am holding onto CCL through the US open, I feel a little confident in them.
You could have a punt at IAG although you may not see a profit today as they seem a little flat at the moment although when the US opens, that could change. (up or down!!!!)

C: ha, so you are human after all.

On CCL, if T were here he would remind us about the trading range of CCL being normally about 100p, so, taking 946 as a base, he would suggest we can expect 1046 as a peak.

Ramp Alert. I honestly am not ramping GGP but I am a big long term holder and trade about 20% of my holding, if anyone is interested in them, they are at a nice buy in price at the moment. Apologies if this is considered abuse of army regs.

Beware my alphabet brigadiers, profit taking may well cut some of these juicy prices down. Remember it is a three day weekend, consider which shares you are content to be holding.

V: Have you seen CINE? It's a double feature picture show. I sold too cheap, to be fair to the tline indicator it, it was telling me to hold, even now at 61.9 it is still indicating hold on 10 min chart. It was only my Limit sell that sold them.
CCL at 1008, still a hold I think. US futures are suggesting +2%. Even MCRO is a hold at 423.4. What a turn around from this morning first thing.

Probably out of date by the time you read this but IAG tline is saying don't buy yet.
Interesting, last week I was trading EZJ and IAG and the trends of the two were practically in sync, with EZJ reacting to "whatever" just before IAG. Cannot see that connection anywhere near as strong now.
Ha, T line said buy, so I did but didn't get 193, bought 2000 at 194

Sold my 10K CINE for £180 3.1% profit in 3 hrs. I sold them by mistake, I had a limit sell at 60.34 which I had forgotten about. Rookie error!
Prices always go up after you sell......it's the same as dropping a piece of toast, it will fall jammy side down (unless you have a cat). Thinking about taking the rest of the week off now. Now I am close to finishing the new shed, my partner wants a studio. A studio? what am I? made of money?
Just looked and both CCL and MCRO on nice runs.
IAG? mine are out of contention, two tranches at 205 and 206, perhaps I could buy some more, after all, no stampy!

V: I had the same feeling to buy MCRO this morning but have two tranches, that's enough for now.
I have been trading CINE, sold 10K shares yesterday afternoon for a £237 profit 4.1% profit, nice but it took 3 days. Did what you did and bought another 10k shares this morning but didn't finesse the price, I paid 58.2p, hoping to get 60.2 later. I remain perfectly happy to take small profits, little and often.
I don't know which way CCL is going, I have a small tranche but am feeling iffy about them.