Another Journal...

This is a discussion on Another Journal... within the Trading Journals forums, part of the Reception category; I forgot that ETX Capital gave me a £15 bonus at Christmas. With £4 already in there (no doubt the ...

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Old Jan 27, 2009, 3:13pm   #1
 
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Another Journal...

I forgot that ETX Capital gave me a £15 bonus at Christmas.

With £4 already in there (no doubt the result of some dubious trading in 2008) that gives me the princely sum of £19 as trading capital

I thought I might see if I could run it up into something significant as I have done before although I have to say I've never started this low and have literally no margin for error whatsoever!

Well, I've decided to buy £1 per tick in Thomas Cook Group which is a UK FTSE 100 listed share at 180.
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Old Jan 27, 2009, 3:27pm   #2
 
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Why TCG.l??

Becuase they sorted you out with a nice week in Corfu??

or was it a pin yesterday?
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Last edited by foredog; Jan 27, 2009 at 3:28pm. Reason: adding pin
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Old Jan 27, 2009, 3:46pm   #3
 
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shocked you're not fiddling with RBS or suchlike...
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Old Jan 27, 2009, 4:55pm   #4
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. . . and I'm shocked they gave you a £15 Chrissy present. They didn't give me anything! That said, the bottle of claret from the comp' was by far and away the best bottle of wine I drank in all of 2008 - VERY nice indeed.
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Old Jan 27, 2009, 11:13pm   #5
 
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They gave me a pressie tim and I posted the link to claim it. In future hang on every word I say and you won't have problems.
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Old Jan 28, 2009, 11:17am   #6
 
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trader_dante started this thread There was a 3.28% rally in Thomas Cook yesterday, despite news that bookings for the summer season at its German operations looked set to come in below last year's level, down by a double-digit percentage rate.

The chart shows a sharp expansion in volume as the price closed into resistance.

Shares are up another 3.19% in early trade this morning (not shown on this EOD chart).

I am looking for 200p and will see how the price reacts there.
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Old Jan 28, 2009, 4:29pm   #7
 
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Just hit 198 but the Order book looks thinner than a model!

Don't miss it for a tick!
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Old Jan 28, 2009, 4:39pm   #8
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If i give you £19 can i get 25% of any returns please .
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Old Jan 28, 2009, 4:57pm   #9
 
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if you give me £19 you can get 100% of the 'returns' on what I 'invest' it in, although you should really be equipped to handle biohazards.
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Old Jan 28, 2009, 5:05pm   #10
 
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Quote:
Originally Posted by arabianights View Post
if you give me £19 you can get 100% of the 'returns' on what I 'invest' it in, although you should really be equipped to handle biohazards.
Click the image to open in full size.

here's what I'll invest your £19 in. You don't want the returns from this one!!!
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Old Jan 28, 2009, 11:04pm   #11
 
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trader_dante started this thread Thomas Cook closed up 6.97% today.

I'm still holding and looking for a break of 200p tomorrow to see how it reacts.
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Old Jan 30, 2009, 8:59am   #12
 
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trader_dante started this thread Yesterday was another good day for TCG with shares up a further 2.67% even while the FTSE 100 came off 2.45%.

We came right into the 200p sbr pivot and closed on it although it's worth noting that volume was lower on this rally.
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Old Jan 30, 2009, 11:43am   #13
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Originally Posted by timsk View Post
. . . and I'm shocked they gave you a £15 Chrissy present. They didn't give me anything! That said, the bottle of claret from the comp' was by far and away the best bottle of wine I drank in all of 2008 - VERY nice indeed.

I see that Fins are offering 75 quid to new members. I haven't looked for the strings, you'll have to find them for yourselves.

About TD's 19 quid.

What about margin? If you open with a stop in place you will require less. Otherwise 10%
would be 18 quid. A bit close to your budget so a rolling trade would be dangerous. if the price goes down they won't open you the next day, so it must be a future.

Split
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Old Jan 30, 2009, 12:00pm   #14
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Quote:
Originally Posted by trader_dante View Post
Yesterday was another good day for TCG with shares up a further 2.67% even while the FTSE 100 came off 2.45%.

We came right into the 200p sbr pivot and closed on it although it's worth noting that volume was lower on this rally.
Tom,
The probability of price being rejected at the 200 resistance level is very high and, although it may eventually be breached, it will retrace a fair bit first, IMO. If I were in your shoes, I'd want to have a tight trailing stop and, ideally, take half off the table now which you can't do unfortunately. Anyway, I hope you manage to hang on to your profit.

As an aside, I know you particularly enjoy running up tiny accounts into something huge in percentage terms. However, my impression is (so please correct me if I'm wrong) that they get to a point at which it becomes difficult to maintain the same level of growth. If I'm right about that, I wondered why that is? Is it because you ratchet up the risk management as the account builds or is it for some other reason?
Cheers,
Tim.
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Old Jan 30, 2009, 12:04pm   #15
 
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Quote:
Originally Posted by Splitlink View Post
I see that Fins are offering 75 quid to new members. I haven't looked for the strings, you'll have to find them for yourselves.

About TD's 19 quid.

What about margin? If you open with a stop in place you will require less. Otherwise 10%
would be 18 quid. A bit close to your budget so a rolling trade would be dangerous. if the price goes down they won't open you the next day, so it must be a future.

Split
Yes, I am in the March future. I took it with the largest stop they allow which was 13 ticks.

There has been some weakness this morning (currently down 4%) so the resistance at 200p has held for the time being.

I've just moved my stop to 181p (+1 on entry) and am considering using the margin that has been freed up to double up if we move back up off the support area I have here.
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