arrrrrrrrrrr thats where you hide
I day trade U.S. equities (although that's a secret between you and me as Barjon & Co over on the Indices forum think I swing trade the FTSE and I don't want to be rumbled). Anyway, as I wander about T2W of an evening - like one does - looking at posts and charts, I cant help but notice how much easier it is to trade instruments other than stocks. Take Forex for example. I mean c'mon, where's the challenge in that - it's an absolute doddle! Anyone could make a fortune trading Forex. I'd be embarrassed to trade Forex: it's too easy by half. Futures too: child's play. Stocks are much harder which is why I like em' - and when I have a profitable trade, I really feel as if I've earned every cent with genuine hard graft. Tongue lodged firmly in cheek of course, but looking at charts posted by other members, they do at times give the illusion of being easier to trade, although I'm sure I wouldn't think that if I jumped over the trading fence. Just wondered if this strikes a chord with anyone else?
Tim.
Hi Tim
Thats interesting, don"t tell anyone but I sometimes short a main ftse stock thats well collated te he, is that the correct word Tim,:?: anyway one that mirrors ftse movements instead of trading the main index its self.
Taking a short I might go for something I consider fundimentally weak and vice versa, helps with holding position to if I no the 2 are alligned close, well helps me anyhows.
Only relative small stakes so far, but I seem happier than shorting or longing the whole index over a number of days.
Good recent example is Barclays, gave same signal as ftse (cont of trend) but difference is it is still just about under signal and no Stop run :cheesy: in fact even td suporters could have had an hr pin of fibbys and a day pin to for good measure.
Thats about the extent of my knowledge = not :cheesy: never tried american stocks, not really had much to do with ours, just getting interested.
oh one more then its time for bed
if your an sb er fill your watch list with the big ones of the index you trade
better than a heat map once you have been watching a bit :-0
glance at the winners losers list and jot them down in a notebook = c-fax good enough, that list gets interesting after a month or two
bit like the horses and which course they go to
ripon redcar ripon redcar ripon redcar Haydock why :?:
arr I see :cheesy: jing jing ££££
fftopic: well straying...................
I am off
good trading tim, new you were up to something, good luck :clover:
