Centamin Share Discussion Threads

[trader365] 06/6/2019 22:47

I use price alarms for stops, I never set a stop with a broker. Bj Pube you’re as sharp as marble I’d agree with you but then we would both be wrong

[maddog68] 06/6/2019 22:45

Boris stops are needed on spead betting obviously, but my stop on my share account are not gaurenteed at the price you want if the share tanks fast.

[borisjohnsonshair] 06/6/2019 22:44

If you are controlling 1% drops with SLs you'll have everything sold during very common fluctuations. Trump tweets that you are being made head of the Fed and all your equity is sold after it gaps down 3%. The next day he says he was wrong because you are a tit, and you don't own when it bounces up 5%.

[maddog68] 06/6/2019 22:42

Alot of people don't use stops because they are not gaurenteed on share trading accounts, but they are on spread betting, plus if your stop is tight the markets can drop the price and stop you out.

[borisjohnsonshair] 06/6/2019 22:41

Selling companies you brought thinking they were good value and selling them for less. Moron.

[trader365] 06/6/2019 22:31

My risk is controlled I don’t need to be watching my screen and agonising over ever penny movement like some sad leveraged people here. I can’t control price but I can control risk and benefit from price, quite simple but simple people don’t understand the concept of trading

[trader365] 06/6/2019 22:21

By cutting the losses at 1% you are limiting the downside, by running the winners you are leaving the upside unlimited and benefiting from compounding! Simple but too difficult for most to do!

[borisjohnsonshair] 06/6/2019 22:17

As if!!! Tit. You must have almost zero upside.

[plat hunter] 06/6/2019 22:16

It sounds like he understands how much he can lose but not why?

[trader365] 06/6/2019 21:53

I personally risk no more than 1% of my pot, so if hurricane took 1% of my total pot I’d dump the lot. Assuming 1% take loss 2% take profit you can be wrong on 50% of your trades and still be profitable

[maddog68] 06/6/2019 21:45

Trader if you had 20000 shares in hurricane for example and a share price of 58.4p so in the red currently, what figure would you have as a stop ?

[trader365] 06/6/2019 21:36

My guess is you are probably an investor with a longer term approach and therefore didn’t have the need to draw wages from your trading so rode out the big dips

[alangrifbang] 06/6/2019 21:28

I have got a 23 share portfolio which comes to well over 7 figures ,I am 80 years old and haven't got the foggiest idea what you are on about,I think a little knowledge is a dangerous thing,

[trader365] 06/6/2019 21:24

Assuming a 100k pot with a 20 stock risk plan - no position should be larger than 5% of pot(5k). Stop should be calculated to max 2% of pot, therefore 5k position would need a 20% stop ie 1% of pot. If position size is decreased to 2.5k then a 40% stop can be used to maintain the 1% risk management. Pretty basic trading that nobody here seems to understand. X50 leverage is suicide

[stevedaytrader] 06/6/2019 21:09

Bored now- filtered along with Prat, the only 2 people I’ve filtered in my time with advfn :-).

[trader365] 06/6/2019 20:54

A bit of education for the intellectually deprived self acclaimed super traders hxxps://www.investopedia.com/terms/t/two-percent-rule.asp

[stevedaytrader] 06/6/2019 20:53

Trader265- When you set this up you can see your exposure before you hit the confirm button. You control the amount to lose by SL, basic risk management.

[trader365] 06/6/2019 20:47

There’s only one thing a trader can control in the market, risk! If you risk more than 2% of your pot on a single trade then you’re shooting from the hip and you’ll get wiped out, guaranteed!

[plat hunter] 06/6/2019 20:35

50x is always 50x no matter how much you have and 2% will always be 2%

They are fixed constants, where as the only things that are not constants, are the share price and your cash

[trader365] 06/6/2019 20:32

It matters not how much you put on, a 2% fall at x50 leverage will wipe out 100% of the stake. If you need to borrow x50 you should be questioning yourself and you risk management plan

[stevedaytrader] 06/6/2019 19:56

No it isn’t- it all depends on the amount you put on! And you protect with SL to the loss you can take- naive comment.

[trader365] 06/6/2019 19:08

X50 leverage is financial suicide, a 2% price drop would blow you out of the water! Risk management is number 1 in trading. There’s Too much intellectual constipation on this thread

[stevedaytrader] 06/6/2019 16:05

Simba_, general consensus is that a break above 1375 will mean it should fly. And yes on Fed, also monthly(due tomorrow) NFM payrolls miss drives gold to a lesser extent (within a day), so you can do well on a gold x50 leverage if you've the nerve.

[borisjohnsonshair] 06/6/2019 14:46

That's what the Germans said 75 years!!