Member Info for SteveJones999

No idea Paul- other than on a super fast rise you do sometimes get a big drop, plus the US markets have taken a hit today so far.

A reasonable proxy to watch is barrick gold in the US as a miner if your bored and nothing to do tonight!

Else have a good weekend and enjoy the sun- at last!

Lol Mr Bond.

FTSE cracked through the 8,000 too!

Prob based on the the latest GDP which was up.

Happy Friday All :-).

Yes and as I said it’s easy to trade in a rising sp- I didn’t lose I missed out on a gain.

Of course, it could drop at the open, as anything can happen overnight, so any new gain which I’m currently on could work out to be a loss.

That’s the gamble being in overnight.

But there are no scheduled RNS and the PPI was reported as good and the geo stiff generally doesn’t get better overnight as is generally more planned when it’s good news.

Just playing the odds- but caveated as nothing is “inevitable “.

Happy trading.

I didn’t expect cey and gold be stay as strong and drop further - there are other factors beside just economic.

Plus the fed pay attention to pce- so need PPI and cpi.

Just thought it would drop further so bailed.

Missed out on about 1.5%

But none of us should complain-

It’s easy to make money on trading when sp keeps rising like it has done recently

You could prob tell from my posts that I went in on the PPI data :-(. Half just before then scrambled to get the rest in as quick as poss. If it was bad I’d have dumped the half I put in just before

In the title.

I accept this is not for “long” who generally have a lot of different metrics and points they follow- which they are skilled at.

I’m not skilled at this- this is why my main pension is managed by others as are some other investments.

Like I have said a million times before, if you trade, play the data is the best way.

Getting hung up on cliches like “it’s a bit toppy”, “it’s oversold or overbought” and so on, matters not as they are past events - focus on immediate ones- these are generally far better predictors.

Accept not 100%, but probable and likely.

Lol- trade it, who cares on the in and outs, it's data and CEY is continuing to climb.

PCE, which FED rely on, won't be as bad now after CPI due to the PPI.

A bit under which is generally supportive.

Thanks Prof :-)

Yep didn’t see that gold recovery so quick either. You can’t get it right every time :-). But it’s great for the long term holders plus it’s great to see such resilience on Cey.

Happy trading and good luck all :-).

This is why I play the data- markets have been working like this for years, and especially so the recent months.

Follow the DATA- it works, how much more evidence do you need.

As I said in the post, I await re-entry point.

Still a long way to drop yet for your "always drops first 2 weeks of April" statement Tony.

Needs to drop sub 115- time will tell/

My avg sell price since 13:30 drop was 124.6.

This is why I follow the data and not the "this always happens....." method.

Awaiting re-entry point.

Market responded accordingly alas.

Let's see what commentary says...

Blimey Goldgnome- sounds very familiar, someone who agrees with me!

I’ve posted on here before- and use some of this all the time.

For example, as part of my decision making whether to drop out the day before an RNS or close of play, I always asks myself the final question “is the fear of the loss greater than the fear of missing the gain?” (You can of course try to jump in first thing next trading day, but u often miss the first few seconds “jump gain/opening price”)- I’ve posted this exact l same thing before!

I’ve also posted “trade the price” eg I never think the price is looking toppy, just cos it’s risen recently or some historical chart says so and so on- trade purely on data points , the price is the price.

Chart traders(people who like control and constantly look for ways and comfort in convincing themselves they can control and uncontrollable) of course can’t do this/ they keep looking back which is why most retail traders fail. Equally some people hold a stock simply as they’ve held for years and cannot sell as they are fearful of the stock they held unsuccessfully for years rising if they dumped it and they’ll regret(this will sound very familiar to some on this forum). I think that they probably treat other things in life the same way and need to learn to let go and move on but their personality and irrationally prevents them from doing so). Some who finally make the monumental decision to dump the stock after years can’t stop watching it even though if they’re not invested and the value to them financially is zero and they should move on and spend their efforts on something that actually impacts them positively financially).They gain solace if it goes down (phew glad I sold it) or (damn why did I sell it!)- but either way it has made zero difference as they don’t have the stock anymore- let it go.

As for sport- this is so true- I have played many sports and the better you do the more pressure you apply to yourself to “not screw up” your position / lead, and sometimes muck it up. And when mucked up freedom hits and you play better- of course sometimes the pressure makes you play better and you win- but as I’m no professional sportsman I have learned to accept that sometimes pressure makes me muck it up and sometimes makes me win- there’s no reason I can put my finger on. A putter sometimes misses a putt and then says I’ve missed it cos I was too quick and didn’t concentrate enough- but then on the next hole will concentrate and miss the putt then miss it and then say it was because they over concentrated and needed to let natural flow work-

So funny to watch!

Happy trading :-).

TornadoTony,

This is just old school thinking and not the case over the recent past-

Same myth that crypto and gold can’t rise togther.

Markets, gold and crypto all seen great rises.

The proof is there for all to see.

The world changes exponentially these days and old school thinking doesn’t work.

In economic measurement and decision making terms for the key decision makers, less than 2 weeks ago data is deemed up to date.

The facts state otherwise .

https://www.reuters.com/markets/us/us-fourth-quarter-growth-revised-up-weekly-jobless-claims-fall-2024-03-28/#:~:text=The%20economy%20is%20growing%20faster,are%20around%20a%202.0%25%20pace.

https://www.reuters.com/markets/us/us-fourth-quarter-economic-growth-handily-beats-expectations-2024-01-25/

I much prefer Powell's approach as being DATA led.

Economists are wrong and right, just like a stock and everything else which can go up or down- so I would say that all economists will be right at some point and also wrong at some point.