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Bought £10K of BP shares at 545p. Long-term winner?
Bought £10K of BP shares at 545p. Long-term winner?
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Replies: 157
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You can make a LOT more money backing horses with a proven strategy-which i have developed-backing a % of bank componding after each bet.
using this technique my bank has grown rapidally in a very short term. |
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1 bet already has won today @15-8,
1 bet tonight; BANKSTAR,7.50 FFOS LAS. |
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There's a legendary guy on the net, screen name magellen, who turned 800 euros into 7 million in three years, scalping the yen. So I think I'll stick with learning this thanks.
fedhater, the best beginner book I've read is Technical Analysis for Dummies by Barbara Rockerfeller. It covers everything. The market runs on trendlines and channels, and horizontal support and resistance. Best thing is to get a demo account and just look at a short time frame, draw trendlines and duplicate them into a channel. And just watch and see what happens at those points. Moving averages are also very important, the 20 EMA on five minute charts usually gives support and resistance. It's just held the euro for more than two hours. The 50 EMA on the 15 minute chart stopped the retracement after a huge move this morning. It depends what you want to do. End of day on 'prorealtime' is free and it gives auto trend lines that are useful, but too long term for me. If you want to trade stocks tradefair is alright, spreadbetting is cheap and you can go from a pound a point up. I'd really recommend an Oanda forex demo, you get to try things out for free and their charts are amazing. You might think short term charts are irrelevant and forex is not for you, but you get a lot of quick experience of how things move. The charts are the same, certainly a 30 second chart of the euro looks exactly like a daily if you take the labels off. Both the outfits I've mentioned don't hassle you for a phone number or to open a real account. One last thing that 'works' that you don't often see mentioned is Ichimoku, which is used on a lot of Japanese trading floors. But it's too much to go into here. Gives an instant idea of trend, S&R and breakouts. Oanda has it, I even use a fast version on a ten second chart, the purists don't recommend that... |
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800 Euros into 7million in 3 years,we would all like some of that,alas, my formula wont "guarantee" returns like that,but betting bank should double every 2-3 weeks during summer,ease off during winter ,too few bets,but these type of returns,as you will be well aware,certainly beat your average isas.
Bytheway BANKSTAR lost but ill live to fight another day  |
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lol/
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lol!
thats the biggest pile of shyte iav ever heard. One made up by one of the main spreadbetting firms no doubt!! |
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Hasn't donkey races got its own forum [:(]
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He started on Oanda and then moved to direct market. If you can find a spreadbetting firm with fractional pips, 5 second charts and instant execution let me know.
Do you realise how many fluctuations a market has at a ten second scale? He does dozens of trades a day at hundreds of euros a point. He also won an audited trading competition using the same methods with an incredible rate of return. His achievements are epic, but really its still small change compared to the big forex traders. They make a couple of million in a good day. Perhaps if you did what he did, sit in front of a 10 second yen chart for months, you'd see that it's possible, but I doubt you will. |
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if it was that easy we be all at it, what stoploss does he use??
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I never said it was easy, I just said it can be done. I'm working at it on the euro today and losing in heavy chop. But almost every mistake I make I can see the reason. Sometimes I'm actually selling my buy signals and vice versa as it goes nuts back and forth. He doesn't do that...
He has a hard stop of 20 pips and closes manually, the stop is only there for disaster. He closes out if it goes max 3 pips against him. And he is ruthless. |
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Mr Moonbeam, 1 "donkey" running on my system today,CLASSIC DESCENT 5-10 Redcar, so far this month 18 winners from 47 bets 56 pts .
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Magellen isn't real, not the trading one anyway. You don't turn 700 euros into 7 million in 3 years, it's impossible to do this. Much better off playing the lottery.
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Fedhater Joined: 20 Mar 04
Replies: 117 04 Jun 10 01:04 BIOTECH - Many have said that this will be similar to the IT/Computer sector. I have thought of investing in Biotech, but I have little idea about the companies operating in this sector. Finding a budding Microsoft of the Biotech world now would be the holy grail. DNA sequencing is the next big thing. There are a number of companies aiming for the magical "$1000 genome". This will happen within 2-3 years. Whichever company achieves this first will sky rocket in price, we are talking massive increases here, the potential of this is that great. It will literally revolutionise healthcare if someone achieves it. I believe your best bet for this area is in a company called Illumina. Two reasons for this. Firstly, they are the current market leader in this area, so at worst you are going to make small gains simply because it is a growing industry. Secondly, they are not only trying to develop a $1000 genome sequencer themselves, they also have the rights to sale and market another leading technology being developed by a small start up company, oxford nanopore. So essentially you are getting two chances at it for the price of one. So at worse, you will get modest gains from this. At best, you will be rolling in it. Within 2-3 years a company will have made a $1000 sequencer, you just need to have bought into the right one  |
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It's not impossible as he did it and many others will do similar things in the future. But I really can't be bothered to continue trying to explain why.
Good luck with your trade, but if I were you I'd give up the current strategy of buying long term downtrends with no idea where the nearest support is. |
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Look up "7 to 7 trader",
He turned £7,000 into £7,000,000 in 2 years. And is documented on articles (somewhere along the line his broker shafts him). |
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what worked for him mightnt work for you, everyone has different personalities and trading styles to suit them
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Investing is a far better proposition for those like me, who have little time to trade. There are many more successful investors than the traders you speak of. What about the traders who lost it all? I'm not a big fan leveraging to much.
My aim is to have a £500K portfolio by 2020. I will be investing at least £5K - £10K per year, and there is a good chance I'll hit my targets. Ultimately, I'd like to have gains of £20K per year from portfolio. These gains combined with my salary should allow me a comfortable life. |
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Fedhater**** The next Warren Buffett? Just love your optimisim!!
 [;)] |
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and another 7% off BP so far today !!!
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bp were always one of my fav shares,when i sold at 580 hoping to buy lower,and see them soar over 600 ,its not a good feeling ,i still feel that those who hold on will see 600+, within 24 months .but it is a real gamble.
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fedhater ur setting urself unrealistic targets which will leave urself dissapointed, a 20% yearly return when investing in blue chips would be a excellent return,ud smash mang professional hedge fund managers with that return. Investing in small caps agressively could make u win or loose alot.
By the sounds of it value investing might suit you, so a pure contraian midset u should develop. American housing developers is contrarian play, hold on for a couple of years and you could be up 60%. "Dont invest in stocks the way the average man does" |
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This guy has a very good blog using some simple methods. Basically he just finds a trend, waits for the market to retrace and then sells or buys as it breaks again in the direction of the trend.
http://maoxian.com/ Right at the bottom of the main page there are some charts of his shorts on bp. Every time optimists buy it he's just waiting for a break back down. Although he does say he'd be careful shorting now as it may be bottoming out and all the bad news could be in the price. There is nothing to stop longer term traders using daily or weekly charts to do the same thing. Investing is fine in a bull market, or any market if you are expert, but for a lot of people it just turns into blind faith and no stop. |
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Thanks Ghostdog and Bio.
Dividends are very important to me, not becuase I want a regular income but because I want a stable growth of my capital. Is the talk of a double dip recession more fear mongering or an actual reality? I certainly won't be buying any equity if that's the case. Recently, I've been researching "Gilts" and "Company Bonds with guaranteed return of capital", I've decided to invest £5K in this sector. I am researching ETFs (exchange traded funds) right now. I've decided I want only a 1/3rd of my investment in straight equities. |
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look up Mark Shipman, I bought his courseware,his style would suit you, his top guy and has a very simple system. His got two books out aswel
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Fedhater - Fair play to you for putting up your thoughts on here. Iv been doing this for over 25 years and I'm still learning, and will be until the day I lose my marbles or die - and I'll never know anything like enough - however I've bought a few BP over the last few days and will happily keep nibbling away until the trend turns. I have seen many investors come and go over the years - dont lose your shirt on one trade because you think it's right. There is always someone else who knows more about a stock than you so use the trend but also use good old fundamental analysis as well - and Dont rush - There is always tomorrow!
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no country will let bp drill at this depth..unless they put up 10 billion;and develop deep sea subs to work the rig........robots obviously havent worked....be a long before they recover;if at all.
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time
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ttt CAPS ON
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£3.90 - back in profit for me now after they were down to 296
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there was a thread on here back 2008 to pile in on RBS @ 80p. There are still waiting
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http://finance.yahoo.com/news/BP-to-sell-assets-for-7-apf-3077169179.html?x=0
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Sorry guys, seems that yahoo has moved on as it were; page no longer available.
However I reproduce a paragraph from the Kansas City Star, but you have all prolly heard of this by now: Selling some parts BP PLC said Tuesday it was selling assets in the U.S., Canada and Egypt to Apache Corp. for $7 billion to help pay costs from the Gulf of Mexico oil spill. Some or all of the proceeds will go toward a $20 billion fund to help pay cleanup costs and damages. |
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Sorry to but in. But when you sell shares how long does it take for the money to hit your bank account?
Cheers. |
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super Hans - Took 3 days for money to clear into my bank account after I sold BP at 430p a few months ago.
At 400p now. Will be at 500p by end of year. All those who bought at 300s will make a fortune. |
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Still hanging in there Fed?
Back to 500p now, and should rise further on the latest news with russia. |
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keep the faith
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12 years later
411.60 |
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Getting back to base now £5.35 today
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