RE: It is a Friday!8 Jan 2024 08:32
That's because, Mr Tibbles, you fail to understand, despite years of comments from me and others, the simple basics of the markets and trading. No idea why you mean "in and out trading fees" you refer to are, you need to get into the internet world. For example, my trades cost £6 per trade, irrespective of volume. It's possible to get cheaper but this amount is tiny and the platform is extremely quick.
As I've said many times, yet clearly you have a basic comprehension problem, I trade around £100k at a time.
So for example 7 trades for a total of approx £100,000 cost £42, and 2% profit on £100,000 is £2,000 so the gain on a 2% day is £1,958.
The other day I posted that I exited at 98, when my stop loss cut in, which was put there for my normal reasons.
Had I not put in my STOP LOSS and let it run, I wouldn't have exited at 98%, I've had lost a further 4.64% which I avoided by my stop loss which equated around £4,640 for me. I bought back in at 93.45, all posted on this board so effectively avoided a £4,640 hit and made as the stock then rose to 95.25.
So if you think you think is all “pointless” you need to look at yourself.
Over the years I've consistently done this.
I don't win all the time, but way more than I lose, so this is key- my strategy (for the umpteenth time is data ased). I have posted before here when I've not got it right also.
Mr Tibbles, you can moan about CEY all day long as you do constantly, if you put anywhere near the same effort into understanding, the markets, equity drivers, and so on, you may make some money.
On your CFD trader point (and I doubt if you’ve ever been one), they work both ways, and if was as simply as "most make a loss of Friday" why don't most flip from long to short? It's just not as simple as you purport.
Dasut- the problem with company data, unless its an actual RESULT in an RNS it generally does little to the SP (apart from a takeover rumour or mine issue- both have happened before). Some here post constantly incredibly detailed mining info, which I learned a few years ago is utterly pointless if decision making for SP moves. I play the odds game and normally am out of this stock the night before a scheduled RNS, although sometimes am in if I believe the company predictions based on what I know. I hope this helps…
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