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What a steal :-)
Ftse is being hammered I’ve bought some more at 1.43 now averaging 1.46.4p.
So did I, 20k CFD's but also sitting on a bunch from the 75p days waiting for £5.00!
Will sell the CFD's when up 15p!!!
Hi Swanny
Who do you use for your CFDs? I’ve looked at putting one on for TED and they wanted 50% margin.
Happy days Swamy and yes I totally agree.
I have a portion that I trade with and a purchase at 92p which I will hold for a long time.
Over 1.50 again soon :-)
Astonished more haven’t cottoned on to the value here
I use IG, who are mostly crap for small companies as they closed them all down, and IG joined in the manipulation of Gamestop to protect the shorting hedge funds so I hate to use them but to lazy to move.
Have to admit I don't check the margin as I have built up a lot of cash on the day trading. Not sure how 72% of people lose money with them as there are so many shares that bounce within ranges it seems to me to be quite easy pickings to be made in this market. I never use a stop loss and never cash in a loser, so probably this goes against all the rules, I just run them until they cash out, but it seems to work for me, and I have a few quite bad losers still on the books.
BTFATH1, I have a book of shares I sit on but also do a lot of day trading, or short term trading, normally on dips with shares that I think are going up, and just take £1k to £5k wins, with the odd larger one, and it is going really well as I have a few of these now that I track. This does seem to wind up some of the people on these chat sites who back the companies, but if you study these things there are some obvious trading ranges to play within.
I don't do much shorting unless really confident, I work in insurance and when Lemonade hit $185 on a $10b valuation for a piddly loss making renters insurer, in a tech bubble, I had my biggest bet ever so lots of vouchers now for TED etc.
I have some mates playing TED as well now, plus AFB, AML and TERN, although AFB may be creeping up so we need a new range. Need to sit that one out for a while. ROOT and General Motors almost triggered my price but not quite and GM has already bounced. ROOT is another over valued insurer, but keeps going to all time lows, so on these it is a good time to buy as so much stock is shorted it tends to bounce off all time lows as people take profits.
Good post Swanny and I will do some due diligence on the companies you mention.
Yes it all about the ranges another one for you to look at is enquest.
Surprised this hasn’t taken out the high 1.60’s but we just need a bit more patience.
Interesting article with ted being so exposed and focused on the high street.
https://www.bbc.co.uk/news/business-57804446