Member Info for seen_it_done_it

Well, there's another way to prove that the trade reports are often wrong with buys and sells. Just try a dummy trade. You can often see the actual spreads are quite different from what your trading platform has shown. If you decide to go ahead with the trade then you will definitely see the buy or sell recorded incorrectly on the trade reports!

In fact we often hear posters on these sites complain about their buys shown as sells. They were exactly what happened just like the situations I have explained.

Yes Dan, you can buy shares below the mid-price and sell above the mid-price. It's not unusual at all. Often happens when a share's spread is wide. Such as bid 40, ask 45, you will likely to buy it at under 43. That will be recorded as a sell on the trade report. Vice versa, you probably can sell it at over 43 and that will be recorded as a buy!!

Example for VOD: bid 122.10, ask 122.3, so mid-price would be 112.2. You probably can buy it @122.19 or less and that would recorded as a sell. You can possibly get above 122.2 when you sell and that would be recorded as a buy! Try to check the price you pay or sell compare to the mid-price next time then check the trade report and you'll see it for yourself.

Guess you are right. I am actually playing fire with my pension pot too........ hahahaha

Great to hear that you are doing well trading the ex-div gaps. I still have a lot to learn. Surely will need to pay for my lessons on the way but will not give up. Hopefully I will be as successful as you one day.

Let's bring on Monday. Good luck and have a wonderful weekend my friend.

Sorry, correction:
...sold my LGEN last Wednesday Aug 11, the day before it went ex-div @275.8 missing the late spike to 280....

Hi sotonspike, don't pay attention to those trade reports. They are not reliable at all as the way computers record sells and buys. Because trades above the mid-price will be labelled as buys and below the mid-price will be sells. But we often can buy a share below the mid-price and sell a share above the mid-price. Therefore many trade reports were recorded incorrectly. Buys and sells don't add up. They serve no meaning at all!

Yes robleo, it will be wonderful to see 130's again, then perhaps 140's as well. A bit of wishful thinking won't hurt hey?......lol

Good evening robleo. Yes, it's kind of unfortunate for you to have a high entry point. I first bought MNG @160p but have topped up a few times. My average is 199.5, not very safe at all, only 10p away from the red line, very dangerous now. Hope that it will rebound well from next week on. Good luck my friend and have a nice weekend.

Nice rebound, thought it would fall back to below £3. Let's hope that this will continue next week and will go over 320 or even 350 soon.

Good evening pig. I am actually quite new to this kind of trading. I only bought and held for the dividends until recently. Then I have found that the ex-divi drops of all my shares were ridiculous. They also kept falling afterwards. Therefore I decided to sell before they go ex-div. My first try was NG. I sold it @955p and it fell to 902p after going ex-div but I made a mistake not buying back waiting for a lower enter. Now it has gone up to over 970p.
I had a second go at BP. I sold it @314.5 the day before it went ex-div. I bought half of what I have sold yesterday @289.2. my last try was LGEN. Sold it @275.8 on Thursday. I bought back 1/3 0f what I have sold yesterday @262.56p. I am not greedy and happy with doubled my dividend as I don't want to make the same mistake again waiting for a lower entry like I did with NG. Now I can also average down if it keeps falling. I should have also sold IMB as well but topped up @1513 instead. So, you can see that I am a small time rookie to this sort of thing.....Hahahahaha

Have nice weekend my friend and good luck.

So far so good, it finished the week nicely. Let's bring on Monday and see if this good run will carry on.

Good luck everyone and God bless.

Oh, and have a nice weekend.

Will this really going to get back over 130p? I truly hope so. Let's bring on next week and see if this uptrend will continue. GLA and enjoy your weekend.

Good to see it stops falling. Let's hope that next week this will start recovering and won't go below 200p.

Good luck everyone and have a wonderful weekend.

Nice recovery, if it gets back to £16, I will sell the whole lot and buy them back again later when it falls back to below 1550. As it has happened many times already. I would think that this is good for trading.

Have a great weekend everyone.

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Yes Krustysmegma my friend. Let's hope so or before year end....hehe

I topped up as well to average down.....lol

It drops more than three times of the dividend. The FTSE is only down 1.74% and IMB is down 4.41%! What's good about it? Oh my, dear me!

Can't wait any longer, a small topped up @113.27p. Let's see 116p again!