Yet another get trader trying to get rich quick

This is a discussion on Yet another get trader trying to get rich quick within the Trading Journals forums, part of the Reception category; On my phone so short reply. Cmc also explain it us dividends which I accept. Was described as 6.3 point ...

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Old May 14, 2014, 10:18am   #31
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north5 started this thread On my phone so short reply. Cmc also explain it us dividends which I accept. Was described as 6.3 point adjustment from Dow last night. My statement also has another from night before. That has no information on just a £200 odd charge on top of holding fee as an adjustment. Did everyone else get charged 2 days in a row?
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Old May 14, 2014, 4:57pm   #32
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north5 started this thread OK I'm out. With these charges I only made just £200. Oh well at least I feel a bit more relaxed now.

Total profit so far £500. 10% in 3 days.

Last edited by north5; May 14, 2014 at 4:58pm.
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Old May 14, 2014, 5:22pm   #33
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north5 started this thread No point having money sat on sidelines. FTSE looks way too high. S £20 6880.look to exit on a sell off at the open tmrw.
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Old May 14, 2014, 6:22pm   #34
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Quote:
Originally Posted by north5 View Post
No point having money sat on sidelines. FTSE looks way too high. S £20 6880.look to exit on a sell off at the open tmrw.
Surely you understand dividend adjustments when spread betting the indices?

BTW I wouldn't bother selling either....a lot of indices are making all time highs....the extensions on these moves could easily wipe you out.
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Old May 14, 2014, 6:34pm   #35
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north5 started this thread The honest is that I don't get why dividends affect an SB index. I understand it happens but don't know when or the mechanism for why.

What I also really didn't understand was why it didn't seem to change the providers point from which it calculated up\down.

Also didn't understand why one entry on my history had an exact point number that explained it and the other said nothing more than adjustment.

Anyway it is trivial amounts in the grand scheme of things so whilst it was annoying it's just another in a long line of annoyances that come with trading. So I'm not that bothered anymore now I am out. Try not to hold over night all that often anyways.

Cheers.

Last edited by north5; May 14, 2014 at 6:34pm.
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Old May 14, 2014, 6:53pm   #36
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north5 started this thread Another s £10 FTSE 6886.
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Old May 14, 2014, 8:27pm   #37
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north5 started this thread Really wish i had held dow now. Hay ho.

Made a quick £50. FTSE target 6840 but will see what happens tmrw. Fancy a sell off first thing.
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Old May 15, 2014, 9:39am   #38
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north5 started this thread Out + £700.
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Old May 15, 2014, 1:52pm   #39
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north5 started this thread Going to withdraw £200 to spend on stuff I wouldn't want to spend wages on. Maybe some blu rays for the kids and some expensive bed linnen. F'ing rock n roll huh.

Wolf of wall St I am not. (Yet).
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Old May 15, 2014, 1:59pm   #40
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north5 started this thread L Dow £10 16590 tp 16620.
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Old May 15, 2014, 2:39pm   #41
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north5 started this thread L Dow £10 16556
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Old May 15, 2014, 2:41pm   #42
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north5 started this thread L Dow 16546 £10.
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Old May 15, 2014, 3:10pm   #43
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I fancy going long now too.
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Old May 15, 2014, 4:14pm   #44
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north5 started this thread Over far too soon.... Taken the loss and getting out with the £2k to spend. Maybe try again in a few months.
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Old May 15, 2014, 4:19pm   #45
 
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"averaging down" always proves fatal in the long run.
In a ranging market or on a retrace it can work, but against a trend it kills you.
Usually it's the result of refusing to accept reality and taking a minor loss.
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