Petrofac Share Discussion Threads

[ny boy] 24/7/2017 15:11

Oil moving up, bought some more earlier @ 462p, short term rebound to 527.25p

[whattheduce] 24/7/2017 15:03

errrmmm, oopps, screen upside down.

[adejuk] 24/7/2017 14:32

wish i had your screen wtd :-)

[whattheduce] 24/7/2017 13:24

Hold on tight, here is the mid day bounce!

[whattheduce] 24/7/2017 13:12

the investing.com apps drinks the battery!!!! also doesn't screen rotate for the portfolio page. Back to smartstock.

[adejuk] 24/7/2017 12:42

i believe this is the beginning of a major correction.
exited almost all this morning - but not this

[bouleversee] 24/7/2017 11:29

You'll be lucky, with the market in free fall.

[whattheduce] 24/7/2017 09:44

Static. Need some oooommmppppphhhhhhh up the bum for this one.

[adejuk] 24/7/2017 07:03

mush
read some stuff about fear and greed in investing!
'the little book of behavioural investing' is v g

[mushyd] 23/7/2017 17:13

Cheers guys, thanks for all the advice and recommendations. I'll get cracking on with making my self more knowledgeable. Also, let's hope pfc can break 480 next week!!

[whattheduce] 23/7/2017 14:43

Thanks toggle but I need access to an archive rather than trying to chase data on the day. That would require me to be organized and that is one hell of a big ask.

[togglebrush] 23/7/2017 12:41

WTD...Try

'
This gives daily trades on and off the book with option for a limited or full selection. Files can be large.
'
They are quite efficient and recently when the Off book file was not available for technical reasons a huge file of all off book trades recorded for all companies, 15 minute delayed, was available.
'
Price ... much regret it is FREE

[callmebwana] 23/7/2017 12:27

WTD,I don't do day trading,so I can't help you. :o/
I use Charting and it has been a big help to me in trading shares.
I am usualy long on stocks. Some I use stop loss on,others I don't use S/L.
Best of luck with your day trading if this baby gets over 480.
One new contract RNS will blow this over 500.AIMHO.
Have a good weekend all.

[whattheduce] 23/7/2017 10:28

investing.com is OK if you are on wifi and it seems power hungry. I have found the more info and gizmos the more data and power are used for these stock apps. I have gone back to use smartstock app because, as a mobile live price feed it is low on data and battery compared to the others. If you are doing any serious analysis you are going to be on the computer. Having said that, the desk top version of investing.com is worth having a look around.

The one thing I always had problems finding was free downloads of all intra day trades historically, so for example the ability to download bid offer and vol for each timed trade for the last 2 years for any stock on any London market. Close prices are not entirely reliable for number crunching. I was trying to develop a couple of my own analytical macros to isolate patterns between related stocks to look for asynchronous patterns esp looking for links between the normal and aim markets, the traders dream. I may have time coming up to get back into that so any ideas where the best source is to download all historical intra day data?

Ta chucks!

[callmebwana] 23/7/2017 09:37

Mush.
Very good advice from all the posters above.
All I can add is a book by Stan Weinstein.
It is called (Secrets for Profiting in Bull and Bear Markets).
It has served me very well over the years. Buy it S/H from Amazon.
Don't invest until you know most of the ropes.
For Charting use investing.com, it is free. Also Stoxline is useful.
Keep away from AIM stocks until you have learnt the ropes.
ATB.

[adejuk] 22/7/2017 10:52

foot - good post.
a mathematician plays the stock market by john paulus is an excellent and fun read.

[whattheduce] 22/7/2017 10:51

Mush, for a low start you need to consider the cost of buying in, selling and other things like stamp duty. We all pick stocks with no stamp duty most of the time. If it does then your stock has to increase 1% simply to cover that. Then you have to increase to cover the dealing fees. Mine are very cheap. But if you put say 250 into one stock and your fees are 10 in and 10 out on a non stamp duty stock you need to make 20 just to cover those fees. When you get into 10000 the 20 of fees becomes so small it is barely looked at. Furthermore, if you trade in an account that is not a tax free isa, you will have to pay tax on any profit you do make.

My advice is to throw your 1000 into premium bonds to start with. Set up a spreadsheet and start a phantom trading account. Give yourself stake money, and use apps such as smartstock to get a feel for following prices live that you have put in your phantom portfolio. At the point of buying or selling your phantom stocks, make very sure you are using the correct buy or sell price - learn about spread! Add in things like dealing costs (iweb is a £25 start up but then flat £5 per trade for example).

Now follow, study, research, read up and learn for a year with your phantom list. You will learn about buying a stock which then has barely any trade for months and hence no price movement. You learn about the importance of reinvesting for compound growth. It might take ten years of reinvesting all gains to get to a position where you can start drawing down on capital. I started in 2007 and only started drawing down capital a couple of years ago and even then I am very tight fisted with it aiming at specific targets.

Make a phantom portfolio with your stake money that you have. Any additional cash must be matched with actual savings into the premium bonds or other isa before adding to your phantom portfolio. Give yourself a year's learning and then when you take the plunge you might manage to keep your grand for a full calendar month rather than not making it past week one. It can be brutal!

[warranty] 22/7/2017 10:50

Mushed, excellent advice from foot in mouth. Don't be seduced into go go stocks or get rich quick promises, there aren't any unless you are very very lucky. Remember investing isn't gambling and as fim says, always do your research. It may seem boring and tedious but reading a few books like Naked Trader will prove extremely valuable in the long run. Another I like is "Rule No 1" which is based on Warren Buffets principles. Anyway good luck whatever you do.

[ny boy] 22/7/2017 10:12

Looking good...


Investors have placed Petrofac Ltd (POFCY) shares on watch as the Aroon Up indicator has moved above 70, indicating that there is strong upward momentum building for the shares.

[adejuk] 21/7/2017 23:48

mush
if you can't afford to lose it don't play with it
95% of traders lose money
the markets are totally unpredictable and it's a very long and expensive learning curve
most of these guys have serious £ and i have always earned a great deal
good luck

[mushyd] 21/7/2017 23:25

Unrelated.. dont throw any hate out, just a genuine question. I browse these forums regularly along with others and I see how you guys talk about making trades. If I'm completely honest you guys have serious cash to play with . I just want to know did any of you start of with literally as small as a 1000pounds. Its literally all I can afford .... Its hard to balance uni studies a Terrible full time job and trading of course. I genuinely do think the more money you have the easier it is to make but until then I need to complete my degree before I can get a decent paying salary...

[whattheduce] 21/7/2017 17:06

t seemed to keep going for the 480 but it does look like the upper step has been around 471. I'm not loosing except I'm stagnant not gaining buying and selling. Wait, wait, wait.