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Hedging/averaging trades without prediction

  • #3,621
  • Jun 6, 2024 1:45am Jun 6, 2024 1:45am
Quoting T721
{quote} it could keep going up but banked the money and happy with it..
Will only be looking for sells now, if i think es, nq etc have topped sometime soon
  • #3,622
  • Jun 6, 2024 1:50am Jun 6, 2024 1:50am
Quoting T721
{quote} I let the last position run and just took it off now at 8272
I also try to hold some positions to the next liquidity zones... always use LQ zones for targets
  • #3,623
  • Jun 6, 2024 2:13am Jun 6, 2024 2:13am
Quoting griffc
{quote} I'm in with you, built up the position this time rather than all in at the Div drop, glad I did given what it just did in the first hour.
How many ftse Divs you taken now and how many you made money on ??
  • #3,624
  • Jun 6, 2024 2:21am Jun 6, 2024 2:21am
Quoting Jade Gate
{quote} But you look very pretty in them
  • #3,625
  • Jun 6, 2024 2:25am Jun 6, 2024 2:25am
Quoting Fagin
{quote} I did but it still tumbled and I maxed out my capital due to the shit ESMA margins on indexes, so no more bullets (plus it was still tanking). Live and learn... don't be greedy.
How many Divs have you taken and how many you bank on ?
  • #3,626
  • Jun 6, 2024 2:39am Jun 6, 2024 2:39am
Quoting T721
{quote} How many Divs have you taken and how many you bank on ?
12 including repeat divs on CAC whilst in drawdown
  • #3,627
  • Jun 6, 2024 2:48am Jun 6, 2024 2:48am
Quoting Fagin
{quote} 12 including repeat divs on CAC whilst in drawdown
Great. work on adding another small position every 2 months and just keep repeating. Your results EOY will be great
  • #3,628
  • Jun 6, 2024 3:04am Jun 6, 2024 3:04am
Quoting T721
{quote} {image}
I am in this one too ....
  • #3,629
  • Jun 6, 2024 3:31am Jun 6, 2024 3:31am
Quoting LazyTrades
My Oanda UK100 chart (1 min) looks like this at 4.30pm UK (assuming I've got the timings right). Seems odd/sinister they can invent candles which don't exist on other's charts but I may not have my facts right on this? Suppose I could trade long regardless at 4.31pm. {image}
this is my IG chart 1 min
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  • #3,630
  • Jun 6, 2024 3:42am Jun 6, 2024 3:42am
Quoting samgribbles
{quote} this is my IG chart 1 min {image}
Yep have access to an IG chart but trade live with Oanda so will reference that if I'm lucky enough to be able to going forward, I can mirror the trade on Oanda's UK100 which is is their "Fisher Price" version of the FTSE as far as I can see.
Sounds like a lot of screen time to me.
  • #3,631
  • Jun 6, 2024 4:20am Jun 6, 2024 4:20am
Lost the house, the kids and my confidence
down 1% this week. no ones perfect equity at 15.1%
we go again though no biggie
I gotta have a look at these divi trades you kids are doing these days looks like fun
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  • #3,632
  • Edited 5:17am Jun 6, 2024 4:53am | Edited 5:17am
Quoting WallFlower
Lost the house, the kids and my confidence down 1% this week. no ones perfect equity at 15.1% we go again though no biggie I gotta have a look at these divi trades you kids are doing these days looks like fun {image} {image} {image}
I try and think of of it as money I need to wait a bit longer to get my hands on rather than a loss, and a lesson learned (if there is one).
Think I'll put that on my cardboard sign when begging on the underground.
Sounds like a lot of screen time to me.
  • #3,633
  • Jun 6, 2024 5:45am Jun 6, 2024 5:45am
Quoting LazyTrades
{quote} I try and think of of it as money I need to wait a bit longer to get my hands on rather than a loss, and a lesson learned (if there is one). Think I'll put that on my cardboard sign when begging on the underground.
Don't forget the dog as well.. Works a treat.
  • #3,634
  • Jun 6, 2024 5:46am Jun 6, 2024 5:46am
Quoting Fagin
{quote} Don't forget the dog as well.. Works a treat.
He has his own sign "Bitch and 2 puppies to support".
Sounds like a lot of screen time to me.
  • #3,635
  • Jun 6, 2024 6:04am Jun 6, 2024 6:04am
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  • #3,636
  • Jun 6, 2024 9:38am Jun 6, 2024 9:38am
Is there a negative to buy/selling simultaneously at the same price levels? Over the long run both will be in profits? Or is this a bad idea? I am talking about executing at a solid support or resistance levels.
  • #3,637
  • Jun 6, 2024 11:04am Jun 6, 2024 11:04am
Quoting vinesh1
Is there a negative to buy/selling simultaneously at the same price levels? Over the long run both will be in profits? Or is this a bad idea? I am talking about executing at a solid support or resistance levels.
Hello Vinesh, not sure what you are asking, you can open trades at the exact same level long and short but you'll be down the spread and nothing else will happen, it's what you do after you open the trades that matters.
Sounds like a lot of screen time to me.
  • #3,638
  • Jun 6, 2024 1:54pm Jun 6, 2024 1:54pm
Quoting LazyTrades
{quote} Hello Vinesh, not sure what you are asking, you can open trades at the exact same level long and short but you'll be down the spread and nothing else will happen, it's what you do after you open the trades that matters.
Well. Yes swaps will mater but if I open long and short the positive and negative swap will kind of even out. Well I was thinking if I open both trades in separate accounts at significant s/r levels the price is sure to test those levels in the future and might even break and when they do my trade will be profitable. I will close the long at a certain resistance level and then when trades break my support level I close the short.
  • #3,639
  • Jun 6, 2024 3:36pm Jun 6, 2024 3:36pm
Quoting vinesh1
{quote} Well. Yes swaps will mater but if I open long and short the positive and negative swap will kind of even out. Well I was thinking if I open both trades in separate accounts at significant s/r levels the price is sure to test those levels in the future and might even break and when they do my trade will be profitable. I will close the long at a certain resistance level and then when trades break my support level I close the short.
From someone who has spent decades exploring all manner of logical approaches, some simple and some very complex, I can assure you this is sure fire way to lose money (from what I understand of your point above). There's nothing wrong with exploring new ideas, we're all very open to such things here, but when you say the market is "sure" to do something, it might, and it might take years for that thing to happen. Consider what could go wrong in a worst case scenario and plan for that, would be my advice.
Sounds like a lot of screen time to me.
  • #3,640
  • Jun 7, 2024 2:29am Jun 7, 2024 2:29am
Quoting LazyTrades
{quote} I try and think of of it as money I need to wait a bit longer to get my hands on rather than a loss, and a lesson learned (if there is one). Think I'll put that on my cardboard sign when begging on the underground.
Yep good mindset, Ill put that on my sign aswell lol
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