Bloomberg Terminal

This is a discussion on Bloomberg Terminal within the General Trading Chat forums, part of the Reception category; For those that carried out my earlier tip you should be up a bit, probably not enough to cover the ...

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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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Old May 20, 2009, 1:29pm   #25
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yep-that's where all the best TA's go, Bloomberg. Not banks/HF's etc but bloomberg. have a think mate-seriously.
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Old May 20, 2009, 1:31pm   #26
 
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See if proquote can help you, it'sthe LSE own data system and only!!! £1200 ish a year may be good enough for your TA
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Old May 20, 2009, 2:09pm   #27
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Unless the analysis you're doing is reasonably sophisticated, there must be a better option for you than Bberg / Rtrs.

Oh, and don't be seduced by all that bloomberg anywhere on your iPhone rubbish. That really is pointless technoporn mate. If you genuinely need it for analysis then fine, but phones with their widdly little screens and tiny processors are pointless ways to access this. All my guys have it, but all they use it for on their phones is the IB chat functionality.
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Old May 20, 2009, 2:27pm   #28
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ukdaytrader started this thread I dont use so much technical analysis, more fundamental. So for example I wanted to compute the inventory value of the building companies against their long term debt value, compute a margin to identify those companies that are proportionally heavily indebted. This was also compared to market capitalization to see how much of a discount these trade at.

I also then wanted a table of the correlations against each other as well as their market betas.

Out of this I picked the best and the worst. Then I wanted a profile of their current directors (past companies they have been at)

Also reviewed a range of recent news articles and any RNS announcements for the 2 companies I had picked.

After all this I reached a conclusion. Putting this together required a few sites, transfer of data to spreadsheets etc. It just took ages. Now If I wanted to repeat this exercise in a month again it will take another day potentially.

Perhaps I should get an assistant may be cheaper ?
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Old May 20, 2009, 2:34pm   #29
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You are paying for an awful lot of functionality you'll never use if you get Bloomberg. Honestly. Even leaving aside the fact that it's betetr for bond analysis then equities, it's still above your level. And I genuinely don't mean that in a condescending way.

Btw - I just did a quick google search and found this....

Had never heard of it before. Any use?

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Old May 20, 2009, 2:44pm   #30
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ukdaytrader started this thread
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Originally Posted by Skill Leverage View Post
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.

Are they trading Zimbabwean in dollars as well ?
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