Introduce Yourself

This is a discussion on Introduce Yourself within the First Steps forums, part of the Reception category; Riz. Thanks. I will in due course visit the chat rooms and hopefully contribute something useful. At present it is ...

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Old Nov 1, 2001, 9:56am   #16
 
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Riz.
Thanks. I will in due course visit the chat rooms and hopefully contribute something useful. At present it is a matter of watching and learning.

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Old Nov 20, 2001, 12:39am   #17
 
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new boy

I found this site whilst browsing Motley Fools' day traders den. Thank goodness a site exists for traders and aspiring traders.

I have bought and sold shares in the past (Pre TA) , Traded options, and lately spread betting Indicies and commodities. Not made or lost much - it's still a hobby.

However Universal stock futures caught my eye plus CFD's. Taxable but lower spreads. Rather pay tax on profits than be killed by large spreads. Sharescope is my software, end of day data my ammunition. Thus I am not an intra-day trader but will hold for several days if a trend develops.

Well read on TA but was humbled by the postings by Grey etc who show TA theory applied in practice.

My ignorance of ECN's etc indicate that I would appreciate any book pointers on the subject.

Awaiting a book by William Dunnigan who allegedly uses TA to trade and is highly regarded?

I have a lot to learn and appreciate the excellent editorial content of this site.

Regards

Neil
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Old Nov 29, 2001, 5:16pm   #18
 
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Hello

Another distaffer. . . . .

I trade index options and some stock options and UK futures and have an ailing tech stock portfolio that I force myself to look at sometimes - shudder- would like to learn more about Nasdaq and US trading - found the market chat thread of inestimable use, a great find. Thanks to Roger M for recommending T2W.

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Old Dec 10, 2001, 6:43pm   #19
Joined Dec 2001
Hi all

Yes, another new member, although with a site like this its not really surprising.

me, I retired, now playing at investing, thought I had cracked it, during the dotcom fiasco.
Now following the trend(excuse the pun) by dipping my toe in spread betting, just for the purpose of going "short"

rather like the idea of day trading, but need lots of giudance.

did you know there is a uk broker that provides a " stop loss"
"comdirect"

dingers

Last edited by dingers; Dec 10, 2001 at 6:49pm.
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Old Dec 11, 2001, 11:28pm   #20
 
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Welcome Dingers. Glad you got to posting. Come and join the gang in the Day Trading chat rooms.....
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Old Dec 12, 2001, 9:30am   #21
 
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FWIW, DLJdirect now provide stoplosses and limit orders as well - whether this will survive now they're being taken over by TDWaterCloset I dunno - I plan to move to comdirect.
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Old Dec 12, 2001, 10:07am   #22
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Morning All,

First posts today, hopefully the first of a few, nice to find a thriving traders colony.

As an Intro - TBS "The Blind Squirrel", have been trading futures mkts for about 10 years, mainly commods and indices. Speciality PnF charting, but a pure TA when it comes to it. Very much trend/sup/res orientated.

Other than that, run a private hedge fund, teach TA at City Uni, run private investor courses and write websites - quiet life really []
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Old Dec 12, 2001, 11:21am   #23
 
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welcome

This could be a Motley Fool migration route .

Welcome Squirrel.

Neil
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Old Jan 3, 2002, 12:50pm   #24
 
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new to you

hi, been day trading futures and the very odd option or usf for about 9 months now , use gni at the moent but am considering my options now that the new year is with us , am particuarly interested to join discussions with other traders re uk and euro futures on indexes.

been moderately succesful but would appreciate any tips or comments on how to get the best from the markets - or indeed the brokers.

quite active, 15 /20 contracts a day , so would be interested in any suggestions re brokers and commission rates etc.

will go and have a browse and see what i can find on this site.

happy trading
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Old Feb 28, 2002, 8:08pm   #25
Joined Feb 2002
Hello all T2W folks, just registered today.

Its been a busy day - I also started to receive Level II data this pm. I understand the basic principles but would anyone with more experience like to say how they ae using it? (successfully I mean, of course)

Me - Been buying shares about 3 years after short unsuccessful and costly period of traded options (never to be repeated, believe me). Short-term trading only in last few months as a way of getting something out of a falling market - ARM and Barclays traded regularly - also trade shares on TA buy signals and results announcements but usually stick to FTSE350 stuff to cut spreads and reduce risk to bad news.

Anyway, enough woffle.

Hope to speak with more traders soon.

Tomorton
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Old Feb 28, 2002, 9:14pm   #26
 
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Get into the chat room and talk to GOLD about L2. I think there is also a lecture planned for L2, but have no details at this time.
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Old Feb 28, 2002, 10:46pm   #27
Riz
Joined Nov 2000
Hi tomorton, welcome...

Effectively using L2 in one's favour requires both basic knowledge of the order book and the way orders work and handled, as well as experience...

You can get the basic knowledge on the following link:
http://www.advfn.com/cmn/help/level2.php

Then as ChartMan says you can discuss certain issues in the chatrooms or post spesific questions here...hope this helps

Riz
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Old Mar 2, 2002, 10:08pm   #28
Joined Feb 2002
Thanks Riz and Chartman

Will do as you say, looking at the ADVFN source first, then probably a bit of studying the L2 moves when market re-opens next week.

Have a nice weekend.
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Old Mar 10, 2002, 3:12pm   #29
 
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Hi Folks, another new member. Searching for the holy grail like everyone else, knowing it's unattainable, determined to find a reliable low risk (and high return obviously (Ha!)) method of non-directional trading, having had disastrous failures with judging direction in the past with commodities. Recently had a splendid run fixed-odds betting with Market.com on "double-no-touch" figures for FTSE 100, then they dicscovered they'd cocked up the odds, so now its not worth the risk. Looking for something as easy as that again. Any ideas welcome.
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Old Mar 16, 2002, 3:36pm   #30
 
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Hi all. Registered today and looking forward to finding what's where in the coming weeks.

Like Tomorton I have access to L2 data (at advfn) but need to get better at interpreting what it shows - including the placing and pulling of real/fake/disguised orders on SETS, and the tactical antics of MMs on SEAQ stocks.

I make my living from investing/trading/spreadbetting UK shares. Been doing so for over 4 years since quitting the day job. Not easy, but surviving. I mostly avoid highly liquid FTSE100 stocks, preferring mid-range ones so I get time to think between each price change! Tend to avoid mining/oil/exploration stocks - just not comfortable with those. Cantor's recent introduction of weekly bets on shares (much tighter spreads than quarterlies) has made intraday bets viable. I typically have holdings in 10-15 stocks and bets running on 10-20.

I'm focussing on improving my performance within the areas I already deal (a Zulu Principle approach, if you like), rather than widening my activities beyond UK shares. I would rather become good at one or two things than average at everything. So I'm not likely to get involved in non-UK stuff or in sophisticated derivatives. I use charts a lot but still have lots to learn there. I also need to get a sounder grip on risk/reward ratio calcs to help avoid taking on trades I shouldn't have!
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