Spread Betting

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Do you not get that with Level 2 as well?

Jeff
superfrank wrote:This kind of cr@p (Thirsk 18:30) is what p1sses me off about trading the nags...

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andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

superfrank wrote:This kind of cr@p (Thirsk 18:30) is what p1sses me off about trading the nags...
Okay I will stop it :lol:

Any chance you could talk us through your trade today that you posted, why you entered? why you didn't get out when it went lower, why you got out when you did and why you didn't ride it back down (if you can)?

Would be an interesting insight.
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RafterP
Posts: 133
Joined: Tue Apr 21, 2009 10:41 am

If i ever win the lotto i'll call the bluff of people like that and wipe out their position! :D
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superfrank
Posts: 2762
Joined: Fri Aug 14, 2009 8:28 pm

andyfuller wrote:Any chance you could talk us through your trade today that you posted, why you entered? why you didn't get out when it went lower, why you got out when you did and why you didn't ride it back down (if you can)?

Would be an interesting insight.
Nothing complicated. Over the past few trading days (especially on the DAX) we have seen some big drops but also some very sharp corrections when it looks to be a bit extended (in the very short term) - you can see when traders start jumping in opposing moves (or banking profits) by watching the futures price action on the ladder. You start to get a feel for the strength of a move. If the corrections are very small and getting stamped on quickly (I'm talking seconds or less here) then I wouldn't oppose.

I stayed in this trade a bit longer than I would have done normally... I can't really explain why, other than that I fancied it!!

It probably wasn't a great entry point looking back on it, but was nicely profitable - sometimes that's the way it works.

There are lots of times when it is just as easy to make money against the trend rather than with it - that sounds daft but intra-day trading needs to be treated differently from longer term trading (which technical analysis applies to). Intra-day is much more random and the opportunities different.

The DAX is very volatile (more so than the FTSE or the S&P) and not for the faint hearted, but very good fun when you're ahead!

I should add that I have an aversion to following sharp downward moves in stocks because you never know when the Plunge Protection Team is gonna start buying...
http://en.wikipedia.org/wiki/Working_Gr ... ction_Team
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andyfuller
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Joined: Wed Mar 25, 2009 12:23 pm

Cheers for that post. Looking forward to the end of the evening racing and getting my teeth into a new challenge.
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Iron
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Joined: Fri Dec 11, 2009 10:51 pm

andyfuller wrote:Cheers for that post. Looking forward to the end of the evening racing and getting my teeth into a new challenge.
Why not trade in the morning? The London session is better than the New York session for most markets IMHO...

Jeff
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andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

Ferru123 wrote:Why not trade in the morning? The London session is better than the New York session for most markets IMHO...
As you may have figured from the timing of most of my replies on the forum, I don't see many of the morning hours ;)
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Fair enough!

Are you a vampire then? :lol:

Jeff
andyfuller wrote: As you may have figured from the timing of most of my replies on the forum, I don't see many of the morning hours ;)
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andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

Ferru123 wrote:Fair enough!

Are you a vampire then? :lol:
Lol, nah just done my fair share of early mornings in the past, used to be up at 5am for more years than I care to remember looking after horses 7 days a week, far easier trading them in the afternoon now :D
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Wow!

Were you a trainer then?

Jeff

PS I'm normally not up at this hour, but I can't sleep - probably because the rioting got me so wound up!
andyfuller wrote: Lol, nah just done my fair share of early mornings in the past, used to be up at 5am for more years than I care to remember looking after horses 7 days a week, far easier trading them in the afternoon now :D
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superfrank
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Ferru123 wrote:Why not trade in the morning? The London session is better than the New York session for most markets IMHO...

Jeff
Ok for forex but all the volume occurs when the US is open.
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

I'll take your word for it, but I thought London was better - for Forex, at least...

Jeff
superfrank wrote: Ok for forex but all the volume occurs when the US is open.
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andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

Ferru123 wrote:Wow!

Were you a trainer then?
No, I had horses of my own and then became a Broodmare Manager looking after 200+ Mares and Foals including some of the best Mares in the Southern Hemisphere, we had a paddock nicknamed Millionaires Row - if you didn't cost over a million you didn't get in :)
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Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

Wow!

Did you often feel, based on your knowledge of the horses, that the odds the bookies were offering was way out?

Jeff
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andyfuller
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Joined: Wed Mar 25, 2009 12:23 pm

I had a knowledge of the breeding industry not the racing side really so I didn't actually bet that much on racing.
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