Bloomberg Terminal

This is a discussion on Bloomberg Terminal within the General Trading Chat forums, part of the Reception category; Originally Posted by ukdaytrader I need mainly economic news + company results data. I dont agree with your point on ...

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Old May 20, 2009, 12:53pm   #17
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Originally Posted by ukdaytrader View Post
I need mainly economic news + company results data.

I dont agree with your point on the tip of the day at all. It was bloomberg that caused the share drop in the FTSE and S&P index to fall last week . It collapses and then its back to normal. .
Funny - that's not what all the equities traders at my firm were saying. Still, they could all be wrong I suppose......
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Old May 20, 2009, 12:55pm   #18
 
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Mate, on an £80 account you need returns of 1532% per month just to cover the cost of the terminal, never mind being able to 'up the stakes 5 fold'... get a grip on reality - Bloomberg Terminals are for institutional traders and very large/egotistical locals, not for guys SBing an £80 account.
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Old May 20, 2009, 1:02pm   #19
 
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It must be a wind up??
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Old May 20, 2009, 1:05pm   #20
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ukdaytrader started this thread Skills mate - a £80 margin would not cover the trades I made on the 6th, it wouldn't have even covered the commission.........was it you that said these maths wasn't needed for trading ?
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Old May 20, 2009, 1:06pm   #21
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ukdaytrader started this thread For those that carried out my earlier tip you should be up a bit, probably not enough to cover the commission, I put these on a few days ago so am in the money a little bit. !
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Old May 20, 2009, 1:07pm   #22
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you must be one big trader.


when you say bloomberg moved the S&P are yoou talking about the fibo retracement on the log chart? if so i think bloomberg and every other TA analyst on the planet saw that.
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Old May 20, 2009, 1:19pm   #23
 
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Originally Posted by ukdaytrader View Post
Skills mate - a £80 margin would not cover the trades I made on the 6th, it wouldn't have even covered the commission.........was it you that said these maths wasn't needed for trading ?
You said it, not me. Oh sorry, it was a 'notional' £80, that you had to add a few zeros onto to get the correct figure, yes?

Plop.

£80 wouldn't have even covered the commission? That's good news, because I know traders who can spend close enough to 50 times that much on commission per day, who still couldn't justify the expense of a Bloomberg Terminal.
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Old May 20, 2009, 1:22pm   #24
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ukdaytrader started this thread Perhaps bloomberg guys understand the Technical Analysis a lot more, but you certainly get a good feel about whats going on and what the general feeling in is in the market.

The reason I need the feed is the analysis on the home builders took a whole day to do and I had to put a lot of numbers in the spreadsheet to do the comparisons, I use FT.com subscription but this takes ages to pull all the details out. I was hoping some of this data could be easily embedded into a spreadsheet and compared if only I had a better package.

Just to get the data prepared to do analysis takes ages and sometimes no trade comes from it as I cant form a view.
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