Wt Indu Metals Discussion Threads

[jack tile] 31/5/2006 14:01

Just keep topping your margin up,
In anticipation,
Regards,
D4F.

[ben nevis] 31/5/2006 13:55

(for clarity....I dont mean close the winner BEFORE the spike, but close if its
moved 100 points when youve been out).

[blacksea] 31/5/2006 13:54

i find £100 in my sb acc when doing indicies in cutting it fine

i always try to keep it topped up at the £150 level, causes less hassle imo

[joe moon] 31/5/2006 13:49

no it wasnt really

[ben nevis] 31/5/2006 13:49

Joe why ? that down spike was most unexpected yes ?

[joe moon] 31/5/2006 13:44

ben words fail me

[ben nevis] 31/5/2006 13:06

Thanks both.

I guess the safest thing is a DOW long and an equal short...

and on a big spike, close the profitable one.

That would work with CMC ...

but with Caps the perpetual stop-adjusting can send you mad.

[spec97] 31/5/2006 13:01

actually i don't think its wise to have a margin account with a spread betting company ;-) with a borker yes, but not with someone who takes your opposite side. you already take a lot of risk with deposit account with them, a margin will only increase your problems IMHO. especially if you bet with high stakes...

[miata] 31/5/2006 12:36

Yes. Not withstanding their tricks (they are bookies) I believe they are overall the least-worst spreadbet firm.

[easytimes] 31/5/2006 12:35

playing gaps in futures is always a gamble IMO (especially on a Friday). If you've got a running position which is covered then this is the safest option. Futures markets can spike a hundred points or so which is fine if you're on the right side if you're not it is money wasted.

[ben nevis] 31/5/2006 12:30

Miata thanks for helpful reply.

But how soon is 'immediately' ??

ie a nasty DOW spike often recovers in an hour; would they allow this time ?

[miata] 31/5/2006 12:19

Yes.

Balance below £100! You can't play this game effectively unless you have plenty of margin, by which I mean thousands.

CMC would send you an email in the following terms: "To maintain your open position(s), you must pay the additional cleared funds immediately. In accordance with our Terms of Business, if you do not send us the required margin as outlined above, we may place stop loss or liquidation orders to close the open position(s)."

[ben nevis] 31/5/2006 11:29

DAMMIT.

Last night I got a great price to buy, 11089

This morning Caps closed me out at 055 on that spike down.

Bloody stops. Maybe I will try CMC .... told Caps...

but Caps say that CMC will close yr positions with NO PHONE WARNING if yr balance gets below £100.. is this true anyone ???

[tub of lard] 31/5/2006 07:27

ca is your 10222 short in profit?

[tub of lard] 31/5/2006 07:26

ca, still advising people are you, hows your long from friday.

never mind i'm sure your systems allows you to be in profit :)))

[magazine2] 31/5/2006 01:42

Ken Tower, chief market strategist for Schwab's CyberTrader, said he was still optimistic about a growing consensus that the economy remains in good shape and that inflation is under control, which could keep the Fed from boosting rates.

"This pullback is not what you would've wished for, but it's still in the context of a recovering market," Tower said. "If we're in an ongoing rally phase, this is where we ought to bottom out and see the market move higher."

watch this space.
mags2.

[easytimes] 31/5/2006 00:31

Weekly charts make this look like a minor retracement so you can bet there is more to come before the market deems it cheap enough to buy back in IMO. A bit disappointed the bounce didn't have more legs though and the bounce off the 50ma down is not a promising sign for bulls:

[timeshare spiv] 31/5/2006 00:16

tub of lard - 30 May'06 - 19:34 - 19435 of 19455

trying a long.

------

a long what? long wait for a profit? what price did you long at? Lowest around that time was 11139, so u are down a mere 50 points so far?

dont remember ca saying he had longed it, more of an opinion as to where he thought it might go, I would say that most saw it going up.
its easy being wrong as you have proven tonight. having an opinion costs nothing, being down 50 points costs something.

[stevepuri] 31/5/2006 00:12

Interesting day today, the Dow plunged some 180 points forming a tall red candlestick with no wicks. The Dow traded exactly between the Oct 2005 resistance from where it opened and closed at the day low right near the 38.2% Fibonacci retracement level from the year high; wiping-out the gains of three day rebound rally. This week's economic data is either going to breach the support or breakthrough the resistance and may set the tone for June's market direction; watch out for the FOMC minutes 7PM (UK-time) spike which ever way it may be.

[ttjohnson] 30/5/2006 23:05

Oi ! Fat Barrel...........give it a rest you moron.

[alitak] 30/5/2006 22:39

I wonder which grain of sand percipitated this decline from a few points off an all time high. John Maudlin had a wonderful piece a few weeks back on chaos theory, all starting to make sense now. Meantime my puts are cooking nicely as I was watching real men practice on the Mountain circuit this evening.

[alitak] 30/5/2006 22:27

I've seen 4 airships since mid May, so I guess 5 more to go. Funny, last desparate attempt from R mc H to get me to resubscribe has him looking to go long with 'speculative' (sic) funds. When the last bear throws in the towel you know it is time to short, go for it guys!

[easytimes] 30/5/2006 22:12

A surge on the VIX today, heavy volume selling more selling to come according to John Murphy of stockcharts