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Hedging/averaging trades without prediction

  • #2,841
  • Apr 14, 2024 9:40am Apr 14, 2024 9:40am
Quoting Waveskierrob
{quote} Wish I could say beautiful ladies and partying but unfortunately I have gout in my big right toe...
My dad has that and bloody painful
  • #2,842
  • Apr 14, 2024 9:42am Apr 14, 2024 9:42am
Quoting jimsxxl
This week dividend. @T722: do you know how the dividend is calculated ? {image}
Yes but itsa bit too complicated to go into and would take too much typing to explain it. Just concentrate on the trade is all that matters
  • #2,843
  • Apr 14, 2024 9:46am Apr 14, 2024 9:46am
Hi T721, do you just play the FTSE with this strategy or you play it/or could be played with the other dividend indices?
  • #2,844
  • Apr 14, 2024 9:50am Apr 14, 2024 9:50am
Quoting danjuma
Hi T721, do you just play the FTSE with this strategy or you play it/or could be played with the other dividend indices?
I mainly trade FTSE and have done for over 20yrs i think. But you can trade any other index dividends
  • #2,845
  • Apr 14, 2024 9:50am Apr 14, 2024 9:50am
Update on weekend rates
Attached Image (click to enlarge)
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  • #2,846
  • Apr 14, 2024 9:55am Apr 14, 2024 9:55am
Quoting T721
{quote} I mainly trade FTSE and have done for over 20yrs i think. But you can trade any other index dividends
Thanks
  • #2,847
  • Apr 14, 2024 10:23am Apr 14, 2024 10:23am
Quoting Waveskierrob
{quote} Wish I could say beautiful ladies and partying but unfortunately I have gout in my big right toe...
Don't wait around on that. It turns bone to mashed potatoes
  • #2,848
  • Apr 14, 2024 11:16am Apr 14, 2024 11:16am
Quoting charlienoble
{quote} Don't wait around on that. It turns bone to mashed potatoes
Yea on it..., thanks...
  • #2,849
  • Apr 14, 2024 11:43am Apr 14, 2024 11:43am
Quoting Liat
I use this strategy....making profit 1-3% everyday. Avoid news and American session. Just small lot
Hi Liat any chance of posting how you trade, cheers...
  • #2,850
  • Apr 14, 2024 7:48pm Apr 14, 2024 7:48pm
Quoting Waveskierrob
{quote} Yea on it..., thanks...
Avoid meat and candy. Beer is ok, but drinking causes loss of judgement which leads to overconsumption of meat and candy.
1.02^200
  • #2,851
  • Apr 16, 2024 4:08am Apr 16, 2024 4:08am
Quoting Waveskierrob
{quote} Hi Liat any chance of posting how you trade, cheers...
I use hedging strategy like what you have written un the first page of your forum. The strategy is like this:
Take profit first then manage the loss.

I.e take long and short simultaneously, let price move 100 pips or so either way and wait for a reversal to begin, take profit first, then let price retrace and take the loss. For example take profit first +100 pips then take a loss -90 pips = 10 pip profit. If price can retrace more, to 50% or so then even better. If the reversal fails open another position continuing on until the next reversal opportunity, try again, take profit first then deal with the loss. This isn’t as easy as it sounds as you have to judge the reversal, when to take profit, and if you decide to take a countertrend position in anticipation of reversal that can seriously backfire if the reversal fails. My preference is not to take profit until after the reversal and not to take a counter position ‘fade’. In the end, I still believe that the easiest and safest way to trade is by identifying a strong and even trend and then trying to hitch a ride with it.
7 (from the first page of your forum)
  • #2,852
  • Apr 16, 2024 9:32am Apr 16, 2024 9:32am
Quoting Liat
{quote} I use hedging strategy like what you have written un the first page of your forum. The strategy is like this: Take profit first then manage the loss. I.e take long and short simultaneously, let price move 100 pips or so either way and wait for a reversal to begin, take profit first, then let price retrace and take the loss. For example take profit first +100 pips then take a loss -90 pips = 10 pip profit. If price can retrace more, to 50% or so then even better. If the reversal fails open another position continuing on until the next reversal...
Nice work Liat, I think this highlights the fact that there's still a good deal of trader experience and a positive mindset required to operate successfully. Probably fair to say our brain beans are employed more in management than prediction. I could be wrong though.
Sounds like a lot of screen time to me.
  • #2,853
  • Apr 17, 2024 10:19am Apr 17, 2024 10:19am
Quoting T721
{quote} I mainly trade FTSE and have done for over 20yrs i think. But you can trade any other index dividends
Right then, let's see if I can make a fiver!
  • #2,854
  • Apr 17, 2024 10:50am Apr 17, 2024 10:50am
Quoting Fagin
{quote} Right then, let's see if I can make a fiver!
Make sure you don't have other FTSE trades on I was SHORT before 16:30 so gave me an overall minus dividend, lesson learnt, roll on next week ...
  • #2,855
  • Apr 17, 2024 10:56am Apr 17, 2024 10:56am
Quoting Waveskierrob
{quote} Make sure you don't have other FTSE trades on I was SHORT before 16:30 so gave me an overall minus dividend, lesson learnt, roll on next week ...
Ooo that's worth knowing, thanks!
  • #2,856
  • Apr 17, 2024 11:05am Apr 17, 2024 11:05am
Quoting Fagin
{quote} Ooo that's worth knowing, thanks!
My mistake but the FTSE gapped down then made it's way back up just like Terry said it would, the more it happens the more confident we'll be with this cheeky little trade, thanks again Terrence , or is it spelt with an "a"
  • #2,857
  • Apr 17, 2024 11:32am Apr 17, 2024 11:32am
Quoting Waveskierrob
{quote} My mistake but the FTSE gapped down then made it's way back up just like Terry said it would, the more it happens the more confident we'll be with this cheeky little trade, thanks again Terrence , or is it spelt with an "a"
Yeah I missed it to nett out and collect the div. No sweat I might leave it till next week if it doesn't come back. Shame the margin requirements are so high, you could just average this week in week out all year..

Edit: I mean nett close 0 and pocket the div (it went in the account immediately)
  • #2,858
  • Apr 17, 2024 11:45am Apr 17, 2024 11:45am
Quoting Fagin
{quote} Yeah I missed it to nett out and collect the div. No sweat I might leave it till next week if it doesn't come back. Shame the margin requirements are so high, you could just average this week in week out all year.. Edit: I mean nett close 0 and pocket the div (it went in the account immediately)
profit is profit whatever shape or form...
  • #2,859
  • Apr 17, 2024 12:21pm Apr 17, 2024 12:21pm
Yaaaayyyyyy! £3.21 tax free. Love it!

Just need to scale it 100x
  • #2,860
  • Apr 17, 2024 12:49pm Apr 17, 2024 12:49pm
Quoting Waveskierrob
{quote} Make sure you don't have other FTSE trades on I was SHORT before 16:30 so gave me an overall minus dividend, lesson learnt, roll on next week ...
Yeah they deduct the dividend if you have any shorts on
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