Day trading

Cute Hoor · 27-01-2020 3:50pm

kilns wrote: »

really? I buy and sell them all the time on it, I was on degiro also and its why i moved away from it as it wouldnt allow me anymore

if you open an IB account it is either IB UK or IB USA. My account is administered with IB Uk

Thats interesting, I am looking at VTI now on IB and I am getting the following message 'Financial instrument is not available for trading'

JMMCapital · 28-01-2020 1:44am

What is the options trading setup like on IB? Was meant to setup an account a while back struggling to get proof of address right balls altogether..

kilns · 30-01-2020 10:08am

JMMCapital wrote: »

What is the options trading setup like on IB? Was meant to setup an account a while back struggling to get proof of address right balls altogether..

I find it very good but I think you have to prove you are capable of options trading before they give you access

canonball5 · 30-01-2020 11:20am

Is anyone aware of any good sites for researching stocks for day trading?

kilns · 30-01-2020 11:32am

In terms of scanners, news, tips or strategies?

canonball5 · 30-01-2020 12:02pm

kilns wrote: »

In terms of scanners, news, tips or strategies?

Sorry, should have been more clear. Yes, in terms of news and tips mainly.

DankeyKang · 30-01-2020 1:38pm

canonball5 wrote: »

Sorry, should have been more clear. Yes, in terms of news and tips mainly.

Ironically I've found r/wallstreetbets a great resource for what stocks will be "hot". Obviously do not take any investing advice from there but for example if you followed the hype on Tesla and AMD along with your own methods/risk analysis you could have made a tidy profit day trading them.

kilns · 30-01-2020 1:41pm

canonball5 wrote: »

Sorry, should have been more clear. Yes, in terms of news and tips mainly.

You need to be able to filter through so much crap so you need to be careful, a previous poster mentioned Bezinga Pro which is good.

I use StockstoTrade but that covers everything in one package from charting to news, its takes news from all sources and packages it into your tailored needs. Its expensive but works for me. I am lucky too that through work I have access to Bloomberg and Reuters/Refinitiv

But apart from Bezinga pro there are plenty of free stuff out there like marketwatch, Yahoo,

ballyharpat · 05-02-2020 11:50pm

can someone that has an account with IB see if they can purchase USO?

I tried on DeGiro, and couldn't, I ended up buying crud.l instead -sucks.

kilns · 06-02-2020 9:58am

ballyharpat wrote: »

can someone that has an account with IB see if they can purchase USO?

I tried on DeGiro, and couldn't, I ended up buying crud.l instead -sucks.

yes its available on IB

ballyharpat · 12-02-2020 9:55pm

kilns wrote: »

yes its available on IB

thanks, I ended up buying more crud instead, it has been showing the same graph all the time, so rather than swap over, I stayed with DeGiro.

kilns · 13-02-2020 9:55am

I presume you went long? I work in the industry and we are expecting a bounce on this and natural gas

ballyharpat · 13-02-2020 8:26pm

kilns wrote: »

I presume you went long? I work in the industry and we are expecting a bounce on this and natural gas

Yeah, I went long. I had sold a lot when we had the iran/iraq affair a few weeks ago, it was around $68 per brl. I figure anything around 55 is a good price to buy back in, minimum 10% profit, hopefully more.
When, and for what reason do you see a bounce occurring?

hobes · 19-02-2020 10:19pm

kilns wrote: »

EUR20,000 i believe by the Dutch authories, if Degiro disappeared overnight

That's €20k cash by the way. Your shares are held separately and won't be affected if Degiro go under.

Also, never hold your cash on any exchange, but €20k is pretty decent to be covered in all honesty.

kilns · 27-02-2020 10:23am

ballyharpat wrote: »

Yeah, I went long. I had sold a lot when we had the iran/iraq affair a few weeks ago, it was around $68 per brl. I figure anything around 55 is a good price to buy back in, minimum 10% profit, hopefully more.
When, and for what reason do you see a bounce occurring?

It is generally accepted that buyers and sellers in the market are happy when crude trades in the 55 - 65 range.

So in that case it below that and once the Virus news goes away a raise to 60 should happen quickly

damir1908 · 12-04-2020 12:45am

Hi everyone,

Did you heard about Andrew Aziz and bearbulltraders ? I watched couple of videos on youtube and this guy seems to be very legit because he is saying honestly that day trading is not easy, success rate is low and its taking months to practice on simulator even himself is using simulator even he wrote books about it. Also if someone is willing to connect with me i would appreciate a lot for asking questions and creating a surrounding for the profession i started looking into past 4 months.

JMMCapital · 12-04-2020 1:51am

damir1908 wrote: »

Hi everyone,

Did you heard about Andrew Aziz and bearbulltraders ? I watched couple of videos on youtube and this guy seems to be very legit because he is saying honestly that day trading is not easy, success rate is low and its taking months to practice on simulator even himself is using simulator even he wrote books about it. Also if someone is willing to connect with me i would appreciate a lot for asking questions and creating a surrounding for the profession i started looking into past 4 months.

Any successful trader worth their salt would not be selling trading courses.
He is simply feeding you with stuff you want to hear sucking you into one of his courses.
Do you mean "Demo account" by simulator? Absolute waste of time you need to have skin in the game or you will never learn anything.

Jim2007 · 12-04-2020 7:59am

damir1908 wrote: »

Hi everyone,

Did you heard about Andrew Aziz and bearbulltraders ? I watched couple of videos on youtube and this guy seems to be very legit because he is saying honestly that day trading is not easy, success rate is low and its taking months to practice on simulator even himself is using simulator even he wrote books about it. Also if someone is willing to connect with me i would appreciate a lot for asking questions and creating a surrounding for the profession i started looking into past 4 months.

I spend thirty years working in the industry specializing in one area - performance and attribution and without hesitation I can tell you that the only long term successful traders are the ones that sell you a book, a course, data or a tool....

It really should not surprise you because trading is based on an incredible dumb idea - you can predict human behavior using mathematical equations that model neither that behavior nor the general economic situation in which that behavior occurs. But of course the math of finance are very seductive, because for short periods they appear give some kind of simple meaning to a complex situation and you will be lulled into believing it actually works... but in the long term you will be lucky to come away with the money you started with.

Now you can choose whether you want to make Andrew Ariz rich or grow your own wealth by learning to invest... the choice is yours. Personally I’m betting on Andrew, but I suppose there is a small chance you might bet on yourself.

damir1908 · 12-04-2020 10:43am

So your advise would be to stay away from this idea and learning other things ?

Jim2007 · 12-04-2020 10:52am

damir1908 wrote: »

So your advise would be to stay away from this idea and learning other things ?

What do you want to achieve and how much time are you willing to put in?

damir1908 · 12-04-2020 11:33am

Jim2007 wrote: »

What do you want to achieve and how much time are you willing to put in?

Financial freedom so i dont need 9 to 5, what ever it takes life is to short to work for someone else .

phantom_lord · 13-04-2020 3:52pm

Traders tend to work a lot more hours than a 9 to 5 worker.

Nemeses2050 · 14-04-2020 12:44pm

DankeyKang wrote: »

Absolutely agree with you about real money vs demo. My plan is to always trade with stop losses at 1% and never let a loss build up or hold one overnight in the hopes it will correct itself. From what I've seen so far I would actually say it's easier to make money day trading than to not lose it. The best "loser" would be profitable.

1% stop loss is too tight, considering the volatility at the moment, it would hit in no time. Normally 5% would be a good SL.

Jim2007 · 14-04-2020 2:18pm

damir1908 wrote: »

Financial freedom so i dont need 9 to 5, what ever it takes life is to short to work for someone else .

Well this is not going to get you there.... all you'll do is work longer in a high pressure environment and if you are look come out with the money you put in after say 30 years.

Many moons ago I happened to take a meeting with one of founding partners at big four in Dublin and at one point someone started trying to butter him up by commenting on how hard he must have worked to build up the firm.... in a very factual manner he pointed out that he had only worked hard for a few years, then he hired other people to work hard.

Start a business, you're more likely to achieve your objective that way....

Alternatively learn to invest and expect to retire at around say 55.

dartboardio · 26-04-2020 9:24pm

I've started forex trading around six weeks ago, and have spent every minute learning, learning and learning!

I started with real money which in hindsight was silly, although I could afford to lose it, a few hundred.

However it was now taught me great lessons since I have the experience of real time trading.

I want to focus on short term day trading.

I've tried so many indicators and strategies already but have found combining technical and fundamental analysis to be my own 'holy grail' ha.

Its definitely time consuming but I find it all extremely interesting, learning about not only charts but economic indicators and different markets.

I've become a bit obsessed with it definitely but hoping to turn it into a career.

You definitely need time to be a day trader. I've often spent 12 hours sucked up in the charts and courses online.

codrulz · 27-04-2020 9:51am

dartboardio wrote: »

I've started forex trading around six weeks ago, and have spent every minute learning, learning and learning!

I started with real money which in hindsight was silly, although I could afford to lose it, a few hundred.

However it was now taught me great lessons since I have the experience of real time trading.

I want to focus on short term day trading.

I've tried so many indicators and strategies already but have found combining technical and fundamental analysis to be my own 'holy grail' ha.

Its definitely time consuming but I find it all extremely interesting, learning about not only charts but economic indicators and different markets.

I've become a bit obsessed with it definitely but hoping to turn it into a career.

You definitely need time to be a day trader. I've often spent 12 hours sucked up in the charts and courses online.

Don't waste your time looking at charts all day. Use charts to help set your parameters (SL, TP) and check levels, kidding yourself if you think you'll get much more than that from TA.

Jim2007 · 27-04-2020 2:27pm

dartboardio wrote: »

I've become a bit obsessed with it definitely but hoping to turn it into a career.

You definitely need time to be a day trader. I've often spent 12 hours sucked up in the charts and courses online.

So many hours working to loose money.... spend a couple of hours researching what actually works and dig up a list of all the day traders who have been successful over the long run.

The reality is that anyone dollar cost averaging on common ETFs and spending a few hours a year managing their asset allocation is likely to out perform you by several factors...

iAcesHigh · 27-04-2020 2:36pm

Jim2007 wrote: »

So many hours working to loose money.... spend a couple of hours researching what actually works and dig up a list of all the day traders who have been successful over the long run.

The reality is that anyone dollar cost averaging on common ETFs and spending a few hours a year managing their asset allocation is likely to out perform you by several factors...

Yep, (sad?) truth. Although with IE tax on RTFs this is slightly less efficient compared to many other countries (and regular buying makes Revenue paperwork slightly more complicated then buying once/twice per year)

jams100 · 29-04-2020 4:46pm

Hi, I'm relatively new to trading, I'm using the Degiro platform, just really testing it out at the minute. I've bought 2 Aviva shares @£;247.20 which should = £494.40 but in the Aviva1 picture it says it's value is -€5.68

What does that mean? should the value not be the £494.40 just converted into euro?
Has this something to do with the money market funds?
Thanks in advance for any help

iAcesHigh · 29-04-2020 4:51pm

jams100 wrote: »

Hi, I'm relatively new to trading, I'm using the Degiro platform, just really testing it out at the minute. I've bought 2 Aviva shares @£;247.20 which should = £494.40 but in the Aviva1 picture it says it's value is -€5.68

What does that mean? should the value not be the £494.40 just converted into euro?
Has this something to do with the money market funds?
Thanks in advance for any help

GBX 494.40 isn't the same as GBP 494.40 - GBX represents pennies hence one share is £4.944

Total £4.944 x 2 + €4 (Degiro fee)

Day trading

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