Archive for May, 2008
I don't usually buy shares as it's buy and hold and sometimes you have to wait ages for it to move. I also think that shares are driven by fundamentals and news driven.. you just don't know what a company may report!
My personality suits daytrading (though I'm not a Greg Coffey or Gordon Gecko) in skill, only ambition!
Anyway, about 2 months ago, I was looking at a share called Tower Resources and there was speculation that there were some large prospects there. I am not usually keen on
May 15, 2008
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I'm back on my spreadbetting account trading the Dow Jones.
My first trade was a decent short I felt as the stochastics were overbought and the MACD was showing negative divergence... it's gotta be heading downwards. Indeed, it did head lower but only 10 points so before it headed higher and hit my stop. I was very paid for this traded and let it ride hoping that the resistance level around 12830 would contain it.. unfortunately, it didn't and I got stopped out for -14.
As it broke above t
May 13, 2008
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I have been hunting high and low for a suitable trading platform... I now realise that the CQG trader platform which I was using before was simple but great! At first I thought it was a bit basic for my liking but so long as it worked reasonably well and I guess it's also what you get used to.
Thanks to Harry for dropping me a comment about Ninja Trader.. I had a look for it and I found a broker which I can use this with. The software looks like CQG in the way it functions, I'll download th
May 12, 2008
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