Results tagged “Buy” from My Trading Diary
Global Industries Ltd - meets criteria - 30.10.8 an historical low - price does not always range. 30.10 was also the result of a price plummet so there could now be a process of retracing that. Buy up to $3.10 but look for opportunities to buy lower. Bought and stop lossed out. Lost £100. Price subsequently rose and made my PR within the hour! Did I enter my SL based on support? I also bought above my PR - this occurred due to unreliable blog connection. Will look for alternative ways of logging my trades. Price rose all day but because started above my PR I did not participate. Pleased at least I predicted two out of three the issue is entry and exits.
Kendle International - meets criteria - trading at all time lows. Buy up to $21.40. Bit trap-door currently with spread. Bought twice and lost twice - my losing trend continues - one which relates to the NASDAQ. It may have certain advantages over LSE but if I cannot read it I will not prevail with it.
Canadian Solar - appeared to be trading before the bell - to do with time-zone?! Gapped up. All of my PR gone - ignore.
Super Micro Computers - meets most criteria - recent all time price low - and crossing of stochastic. Underbought and undervlaued. Can range on the day. One reservation is that yesterday's high was above the high of the previous three days high. Also gapped up overnight and not retrace so due a reversal?...Buy up to $6.40 - could this be like yesterday where I missed the boat and price continues to rise? Watch and learn! Bought and lost - again stop loss triggered - I think too tight and will vary now based on recent volatility.
ParkerVision - share tends to move more sedately but PR's are there. Buy up to $4. Ended at $5 - 25% - I would have made £1750! At least I can pick them :)
Security Bank - meets criteria - can range - volatile too Buy up to $2.45. This share plunged to $1.80 - had I chosen this my stop loss might not have been filled at the level stated and I could have been left holding a share that lost 25% of its value and cost me on a £7K trade £1.75K. Should I trade smaller amounts. Would generate more commission costs though not more PR as it would be shared around - in fact smaller PR requirement. Will add this to my Task list for further thought. Bought at £2.07 but took no account of wide spread which is likely to trigger my stop-loss. Third loss of the day. Very poor.
Kforce - meets criteria. Buy up to $7.70 above yesterdays closing as feel this share as legs. First choice. Bought at 7.71 and almost immediately triggered stop loss - admittedly very tight.
Three of my four shares have risen which vindicates my predictions but I did not capitalize on any due to all having more sellers than buyers in the order book. This gives me serious reservations about the usefulness of access to the order book. Suggests some orders may be spoof to put off buyers and other way about. If price continues to rise in face of sell pressure then ignore it? But then how to know when to get out? End up just following the price! Less likely to be spoof nearer the touching price as would get hit. I may test this out.
Stop losses though I want to reduce them this does increase incidence of them - I think they should be tight but flexible - a share that is more volatile should have a wider stop loss, less volatile can have tighter. Will implement this.
My worst ever day trading - lost about £370. Nevertheless due to misleading Feed - had I gone by price I could have made over £1000. Need to revisit use of Feeds - it could be this particular feed or feeds in general.
Perhaps I will work without feeds too - in terms of entry can always make that based on price - stop losses will be in place - and in terms of profitable exits mental trailing stops.
Insight Enterprises - meets criteria, trading at historical lows. Price has tended to rise recently rather than undulate. Would buy up to $9.10 - close to end of day price but price was trending through it. 3Q earnings due 6.11. Bought at $9.10. Stop loss triggered. Bought again at $8.67 and made good the loss plus a small profit.
DSP Group - another share trading close to historical lows. Usually scopes across the day. Buy up to $5.50. Not much action in the queue - is this due to the feed I am now using? Q3 report released today which beats estimates. Should make this bullish but might need to be in at the bell for that? Learning! Another forecaster expressed negative sentiment towards their future. Price has currently gone beyond my price range. Vindication but means I have missed the boat? Could reverse. Price continued on towards 25% increase! Though I missed out on this I could still have made my PR at any time subsequent - but was that the benefit of hindsight or should I have paid more attention to the buy sell dynamics? Just because I missed a buy level does not mean the price may not go even higher - does not mean it will either but can watch buy sell pressure to gauge this.
Both these shares finished the day about 5% up.
Rent-A-Center - another share trading at historical lows. Ended up 10% yesterday. Seems seriously undervalued. If retraces many dollars to be made! Price doesn't always scope but due to huge scope down it may continue to scope until returned to usual trading levels. Disappointing Q4 forecasts have contributed to this fall. Buy up to $14. Directionless most of the day but did trend up in the afternoon - could have realized my PR. Lesson is not to dismiss a directionless share in the morning - if it continues like this in the afternoon then remove from watchlist.
Currently experimenting with a tighter stop loss to increase risk-reward ratio - at current settings 1 profit would equal 3 stop losses which is very good but obviously not if they keep getting triggered reducing the amount of profit stocks. Noise for example could impact at this level. Will test it though. Can adjust accordingly. Another option is a 1:2. First one got hit quickly!
Future will look to additional shares if shortlisted ones move against me. May also assess whilst market in place to target shares that meet my requirements and continuing it into the trading day.
Two shares I chose realized my PR requirement - one though in a way I was not able to capitalise on, another I need to pay more sustained attention to into the afternoon yet the one that did not was the one I bought. I need to think further about my final trigger decisions. The buy and sell pressure itself is not entirely reliable - or is it?! - do I need to read it better or is it more about working with pre-identified buy levels and only making the final decision when the buy pressure is significantly ahead of the sell pressure? But I have just indicated that is unreliable - is it unreliable though? - I need to assess this more critically.
Electra Private Equity - historical price low 22.10, stochastic followed and price rise today 23.10. Price can be quite stable over a day but since its sell off price more range. Steady climb today. No recent gapping. Could it continue that climb tomorrow? All buyers in the queue, not a single seller! Closing price was £9.90 whereas prices prior were up to £9.60. At £9.90 not convinced this share has much legs left at this time. Seems buyers are willing to increase their offers to attract sellers. Will watch for learning. If buy only up to £9.70. Equity Investment Instruments.
Legal & General - the share I lost £170 on Wednesday on! Crossed a stochastic today. Made steady progress this afternoon having plunged in the morning. Loss before was because I bought too high. If buy here up to 68p. Some big buyers in mid-sixties, no sellers after mid-seventies. Share price tends to move slowly.
Euromoney Institutional Investor - another share trading at all time lows. Stochastic today though lower down -upward movement, reverse may still be a few days away. Movement over a day can be small but last three have seen greater movement due to selling, buying to counter this could also scope. No sellers in the queue and buyers up to £2.39. Buy up to £2.44. Media. Bought at about £2.30 - very little volume. Will hold over weekend as only open position. Price closed at £2.30 with no buyers in the queue.
Legal & General - early morning auction fascinating. Also gone on beyond 8.00am and I thought that was market-start...noted many bids over yesterdays end of day price and many offers under it! See how that plays out! Noted on Intraday feeds for each of last 4 days for L&G the first 30 minutes seen huge price movements yet don't appear to be able to participate in this...now open at 8.05am. Bought. Took a loss of £170 on this share. Perhaps I should have stuck to my original rather than revised price point - had I done that I would not have bought this share today and avoided the loss - but that is also the benefit of hindsight. Need to analyse why.
Bellway - bought and sold- made my 6% requirement in about 30 minutes! Can take smaller profits in other stocks now.
Bovis - made the PR but I missed the boat - needed to have bought before 9.00am - however I did not see a buy signal. Price did return below my buy level but decided due to lack of time in trading day may not make good - though could make 1.5% PR. Will watch end prices for learning though.
The Restaurant Group - bought at £1.15 above my buy price but only because I had thought that was too cautious and also because not requiring full PR. Sold at profit! Nearly the full PR too but a quick spate of sellers caused me to hit the sell button at the highest ask. £440 profit including Bellway. Still have L&G to close off which looks like a loss - wait or cut the loss. Might even purchase Bovis late as price as dropped into my buy range.
Having made my 6% PR perhaps I should not have bothered making smaller PR's on the remaining shares. My thinking is that the share I chose was the one most likely too and the others despite the same averaging effects as waiting for the next day is perhaps less likely to achieve PR because a second or third choice - better to wait for the next day's first choice? Something to monitor. Certain would reduce commission and stamp duty costs.
Are the market-makers price positions akin to a support and resistance? They have more information than we and presumably will take realistic buy and sell positions?
Holding positions overnight - would a stop-loss protect a gap down? Google. Thinking about this for L&G - particularly as I am likely to close out the other two positions for a profit. A stop-loss does not protect against a price being marked-down overnight or a free-fall situation where there are no buyers only sellers. How often does that happen though? More likely for smaller companies. L&G are not going to be short of buyers! But L&G could suffer from a price mark-down overnight.
Still made £260 overall - due to three profits covering one loss.
Prudential - did not gap overnight and price remains within my range - currently sell pressure though. Bought and rose quickly but then equally fell again quickly - decided to pocket my profits as not taken any so far this week! I was only about .5% off my PR. Price actually turned around slightly but think it is better to take some profit then wait for such a chance and risk losing more/all profits.
John Wood Group - gapped overnight realizing my PR. Passed my buy-point. Buy was up to £2.20 and now £2.40. Still possible - watch. Currently sell pressure.
Charter - made 10% in first hour. An argument for being up at the bell? Now at £4.10 above my buy price of £3.80. MIssed the boat? Still buy pressure though. Still following its upward trend though but may have it its ceiling at this price level more attractive to sellers. Even here though it is below historical lows. Continue to watch. Also in terms of my minimum requirements only now need one third PR. Price slumped and stopped out. Had I bought at the opening I could have made up to 14%! I need to give myself the first few hours of the trading day to give myself more opportunities. For the first time I re-bought a share the same day and made the reduced make-good PR! Meant that I am £18 up on the day - better than being down!
This is my first loss on the day since 1.10 which is pretty excellent if I say so myself and should not give myself too much cause for alarm at this stage. Because of a subsequent re-buy and re-sell of Charter I have changed a loss into a neutral :)
Nevertheless I paid the price literally for buying over my set level. And I had an opportunity to buy under my set level early in the morning which had I taken I would have paid myself for the week. Live and learn :)
BlueBay Asset Management - price gapped down overnight and price now in mid 170's. Thought could be to do with macro-environment and indeed US and Asian stockmarkets fell - indeed plunged - and clearly this pattern is being repeated by the FTSE. Need to be mindful of this. Could take as opportunity of buy on Thursday sell on Friday? Risky strategy. Watch. Do not buy.
Mapeley - as above. Price fell into low £6's. Not many sellers at this point - buy? Buy pressure and meeting a wide spread - buying at spread realises my PR! The spread is about 5%! In such a situation I could look for this margin but also simply offer my 3% e.g. offer higher which also increases likelihood of being sold. However as I am paper trading this I cannot replicate that effect so will just watch at this lowest offer. Bought against spread - of course that has caused the price to drop but still no sellers at this level. I have purchased low based on both recent and historical. As I have made my money on the week I am prepared to keep hold of this share for a longer period as future positions allow. Price rose sharply - pattern of little activity followed by big jumps - revised trailing stop has locked in profit. Noting that all sell offers currently appear then disappear but no change in price. Price declined end of day and triggered my revised stop loss - cleared 9%! That is three days requirement in one transaction :)
Halfords - shared gapped down then need realise 3% quickly but whilst I was sleeping! Also it was brief and I might not have been able to react quickly enough even had I seen it. Price now dropped back to low £2.30's. Sell pressure in queue. These signs are saying 'Keep away'?! Kept away!
Greggs - also gapped down before recovering - my PR was in there - a case for being up at the opening bell? More buy pressure than sell but buy offers are cheeky low. All prices are below what I was prepared to ask! Price has recovered most of the gap so on a bearish day is there much extra gain left? Huge spread - most sell prices are much higher than price and close to my maximum buy. I should guard against buying any share close to my maximum on such a bearish day. Do not buy.
This will be a learning experience. Will any of these shares realise my PR's on a day like this. Is it best to si it out? Yes, better to make nothing then lose something.
An excellent and illuminating trading day for me and in the context of a free-falling FTSE.
Dragon Oil - bought and sold to a profit within a few hours. Already met minimum for the day so can be even more conservative for other two shares!
JKX Oil & Gas - price fell back today below my buy point so bought. But queue indicates sell pressure so perhaps today I should have waited for that to reverse before buying. Bought too soon. Stop loss in place. On reflection the price increase yesterday was great and not too surprising that it has ran out of steam today - though also today is back to swimming in historical lows - nevertheless we are in a critical time and further lows may yet be to come. I could have foreseen this downward pressure based on queue dynamics and should have left alone. Then I would have one positive on the day whereas now I will have a positive and a negative and end neutral.
DTZ Holdings - can buy at a number of price points - had gapped up today but still at a level when could be bought. Currently sell pressure in queue. Watch. Very little activity currently - price not picking up - not positive that the gap will be covered and bounced within the trading day.
Yamaha Gold not available - explore why that is. A Canadian stock - not indicated by Sharescope. Be careful with this.
Wednesday has seen the FTSE lose ground so would expect less pickings.
Talvivaara Mining Company - gapped overnight to £2.05 then rose to £2.20's before setting back at £2.10's. My buy level has been passed - should I wait to see if it retraces (unlikely) or buy at higher price or ignore?
Schroders - gapped up to £8.40 then continued rise up to £8.80 - so as predicted but again too late to take advantage due to overnight market. Also adds to the saying I have heard bulls at night, bears during the day.
Heritage Oil - bought at £1.79 and price climbed quickly! With trailing stop made me 6% double my requirement for all three shares for the day - nice.
Additionally Afren returned to the level I bought it at and even passed into 60's again - sold at 61 and made £200 - so a paper loss but actual profit. However this is an atypical share as I would not have bought it at the price I did - I only kept hold of it to make good my mistake for learning. In a real situation I might not get that opportunity.
Standard Chartered - again gapped overnight and passed my buy target - however all four shares I selected were correct and all met my percentage requirement - not just that but exceeded it!
Should I monitor the other three - may as well for learning - and my other positions are closed so I can reinvest. Have some interest in Schroders as though now at £9.00 it usually trades above this level and made £9.00 yesterday at peak. Monitor. However at 9 would need £9.27 and has not always achieved that recently. Schroders movements may be due also to the fact it has been added to the list of companies who cannot be short-selled. Note this also includes Standard Chartered! Schroder price now up to 9.10 at 1pm - there is buy pressure but my observation is that this is not a reliable indicator and the pressure is slight - I will observe towards learning. Share actually reached £9.30 but I would have been taking a punt on that. I could only purchase at levels identified and where passed share to be removed from watchlist. Only a few hours to days trade close so hardly unlikely any of these shares would drop to those level then recover to my percentage requirement!
Afren - entered an alliance with Sojitz Corporation - will the shares respond to this news today or was the response yesterday to the rumour? Close yesterday was a spike which has been ironed out in morning trade - price now remaining steady between 58 and 60. Huge buy pressure in queue but some buy pressure was earlier in the day and may have missed the boat - even if realised would need the price to fall. Definitely worth considering. Price currently trading beneath yesterday's end and thought I could realise 3% off that - now would need to reach a level it has reached in all but one day recently. Buy. Note a lot of buyers but price not rising - also those working both sides of the market are Sell at 61 - is this a ceiling or will it change. Again for learning observe. Note price continues to fall despite buy pressure - I am going to take this one on the chin and wait it out for the sake of learning. Might be the nature of the buying and selling - the buying was cool, cheeky, unrealistic whereas sellers weren't holding out, panic selling so though more buyers which should have had up pressure because the buyers were more ready to wait the price has gone down. Question is why though - these shares are under-valued and there has been recent positive developments. Perhaps a casualty of overall market bearishness. I am going to wait out the last half-hour and will hold overnight. I might then look for a double-yield to make good today's nonsense. I don't expect the price to recover to the level I require today but it certainly could tomorrow - time will tell - it's all learning! Note price for much of yesterday was ranging between 45 and 50 - the end price was a spike. The following day I had already missed the momentum and buying passed the high and so should then have passed on this purchase. Should I take the loss now - feeling is should wait out to Friday as more spiking could re-balance the price. However it could drop even further and then stop loss would have been needed and a demonstration of how easy it can be to lose a lot more when not using stop-loss. In this situation in the future if I believe it has recovery within up to 5 days I could always open a second position - though increased exposure, increased risk...
Headlam Group - more sell pressure - may have already reached the sell-point I was targeting.
Playtech - price did spike on queue but has now settled much lower - down to 4.04 before recovering to 4.13. Is current buy pressure but if discount those buying both sides more buy pressure. Quite a spread.
Legal & General - price steady but more sell pressure.
Currently favouring Playtech but will exercise option not to purchase at all. Buy Playtech. Price moves slowly - easier to read at least.
On further reflection the Stochastic did indicate share becoming over-bought and up pressure for a number of days it was likely to run out of steam and it looks like today is the day - exit this stock without profit?
Sold for just under 4% profit - nice :) At one stage it looked like I would have to take a small loss with not much movement, then later getting out even but for a period in the last hour the price rallied quickly.
Eurasian Natural Resource Corporation - gapped down over the weekend - due to selling down to £4.60 - a price low. Buy sell pressure is even so does tend towards buying. Watch for learning and interest.
Nighthawk Energy - down to 46p - even more value...Buy. 3% requirement achieved early morning. Still buy pressure so don't sell just yet.
I am pleased that again I have picked a profit stock but may not realise a profit for holding too long. I did this based on overall buy pressure but perhaps should have discounted those trading both sides of the market - then the pressure was to sell. This though is also learning.
There was also weekend news about mining and commodity stocks falling which also would have countered against ENRC. Stop loss for Nighthawk Energy triggered but will hold to recover misjudgment re profit exit. If I had a trailing stop I would have locked in profit e.g. would have sold soon as price dropped - so even though did not discount players on both side of market would have gotten away with it - had I done this I would hav made about £165. Against that is managing the exit by reading buy sell pressures. Today I made a loss doing that but because I did not discount those on both side of the market.
All of the above in the context of the FTSE 100's biggest ever points fall with not one stock in the 100 finishing up!
Xstrata - price so far today has either declined or recovered only to closing price of 2.10. I also breached my stop loss limit but then I bought too high based on not reading the sell sign - take the loss (fortunately a paper one!), learn the lesson and move forward.
HBOS - price rising - bought at 1.80. Sell out at 1.85 + determined by buy/sell pressure. To take 6% and make good Xstrata loss would require 1.91. Sold at 1.97! Making 9% and £527.25 which also made good the loss from Xstrata. A good day!
This has priced up overnight. It closed on 17.16 and I was looking to buy based on 3% rise to 17.70 ish but price has gone to 18.45 though has fallen back to 18.20 ish. Is it worth watching now? May still watch the price feed for the sake of learning.
Xstrata announced not to buy Lonmin at this time - I thought this would cause sell pressure on the shares but according to news item likely to cause buy pressure and sell pressure to Lonmin. Uncertainty is removed and it may now return to previous value. Continue to watch.
Bought at 17.37 as beginning to rise again - though subsequently dropped - note there is more sell pressure on this so perhaps I should have left alone until buy pressure (real as oppose to temporary upswing) kicked in? It is all learning and I will stick with this share for a day or two as I believe under-priced and will go up - when rather than if. It is fascinating and illuminating watching the price-feed in realtime!
Also note that markets react to rumour not news so would have priced up prior - as indeed upswing shows - before pricing back down. At 3.45pm price has dropped below 17! As sell pressure was indicating!
Ended down on previous day's close but with more buy pressure - not sure though whether that is an end of day effect - will watch opening trade tomorrow by way of learning. No reason why should buy at day start and sell toward day end - as long as transactions are within about 24 working hours of each best time to buy and sell is to watch and transact accordingly.
Had I stuck with sell pressure I could have bought for less than £17.00. But still early days as I don't know yet from experience whether the temporary upward spike usually then resorts to buy/sell pressure trend - watch and learn!
Anglo Pacific Group - closed yesterday at £1.585 and today opened at £1.545 - as I was prepared to buy up to £1.60 I bought here as potential for greater profit realised. However why did it open down - result of share buying yesterday after close and market-maker manipulation? And since then share has remained static for rest of today. However noted in previous two days most activity occurs in the afternoon - not sure why!
Made up to £1.58 on an Intra-day spike and would have settled out for £1.55 making about £100. The Google Financials indicated both an High and Low not available on the chart which makes it an unreliable source.
This stock today did not make my 3% so although a profit it was an incorrect prediction. Also had I not watched the share I would have had to sell up at day end of loss. Though after having bought a share I won't then watch it I do need to watch for opening making purchase around 10am and at end to get out of the share - sometimes this will help me to take some profit even if not the 3% required today - it still covered broker costs and made a reasonable profit. Until I actually do it I don't know about slippage effect. Next time I will watch Intraday to give me experience of doing this. Google Financials not reliable and 15 mins delayed - do I need to upgrade my Sharescope package?
Mondi - meets criteria and also note for last 10 or so days its high and low prices have bounced up and down hugely which means 3% is so much more achievable irrespective of its closing price. Another set of shares to look out for therefore. Would need 3.14 to achieve 3% and this price has been achieved for last 10 days or so at some point during each day. Buy up to 3.07.
Petrofac Ltd - sold for profit £75.48 - a profit I could live on but only because of the cost of the share as in percentage terms did not make 3% would have needed to have reached £6.20 where high was £6.15.
This illustrates that even not achieving 3% there is a margin I could live on - about 1.5%? - however this particular buy may have been better tested against one extra indicator which this lacked - namely decline in volume with increase in price.
Fundamentals remain uncertain awaiting US Paulson market intervention plan - feel this could favour interim move towards Gold and other commodity related stocks. I also have my doubts about US taxpayers bailing out corporate mistakes and feel this is a plaster to the Global economy that won't hold.
Dragon Oil PLC - meets my indicators other than price looks volatile. Also Oil Mining and my Fundamental nose persuades me toward Gold related stocks. Decision will buy where stock is around £2.37.
Petrofac- fundamentals are good too and it is under-performing (under-valued) in its sector. Will now though not paper-trade buy previous night due to both over-night price change possibilities from US and Asian stock-markets and also early-morning 'spread-flush' - will make my purchases later in morning - not sure what I consider best time yet but as a starting point will go for 10am. Would rather make no trade at all in a day then rush a trade that stop-losses me out with loss of capital and various broker fees. Does though suggest I should make several trades each day rather than just the one. Also to reduce the effects of when I buy a stock which I cannot sell as then reduces the amount of capital I have in any one stock.
Cluff Gold PLC - buy - a flight into safety and Gold following drop in confidence in US dollar and US financial stocks, coupled with share being under-bought and under-valued.
It will be instructive one way or other the price movement of this share on September 19th!
Noted Bollinger Curve widening so price is volatile currently - I should have factored this in first as if price drops that would be one possible reason why whereas if goes up then I have a measure of good fortune and I don't want to be buying stocks based on 'taking a punt'.
Commercial Group Properties - a bad day has had to stop loss out of the trade due to a 6.11% drop on the day.
Compounded by the fact that the other trade Aquarius Platinum made 8.22% on the day and would have realised me about £500.
One option in future is to purchase both stocks but divide by day capital - however had I done that here I would have then profited by £250 which would have been reduced to £50 due to stop loss of other stock. Better to select the correct stock to begin with.
Aquarius Platinum is in a more bullish sector and perhaps I should have considered that instead.
Rio Tinto- buy as meets all criteria bar one and due to post big profits. In a bullish sector, Mining. One different criteria is that activity and cost both went up together but cost ahead of activity and a gap. Suggests non-UK interest too.
Compounded by the fact that the other trade Aquarius Platinum made 8.22% on the day and would have realised me about £500.
One option in future is to purchase both stocks but divide by day capital - however had I done that here I would have then profited by £250 which would have been reduced to £50 due to stop loss of other stock. Better to select the correct stock to begin with.
Aquarius Platinum is in a more bullish sector and perhaps I should have considered that instead.
Rio Tinto- buy as meets all criteria bar one and due to post big profits. In a bullish sector, Mining. One different criteria is that activity and cost both went up together but cost ahead of activity and a gap. Suggests non-UK interest too.
Toledo Mining - price closed as opened with only a ha'penny rise. A day with no profit and indeed slight loss due to commission.
Though my share picks aren't proving to be disasters in respect of price drops they are all netting very little income. I need to either apply my selections more rigorously and/or refine my parameters.
I am wondering if commencing searching via highest daily price rise is the best option? If not though, what?
Aquarius Platinum - meets criteria other than quite volatile. Mining is a bullish sector though. Concerns about Zimbabwe's political rather than economic involvement in companies investing and mining in their country. UBS raised assessment from Neutral to Buy. Watch.
Commercial Group Properties PLC - meets a lot of criteria - no News items though so not sure about driver. Buy due to volume change in relation to price rise.
Though my share picks aren't proving to be disasters in respect of price drops they are all netting very little income. I need to either apply my selections more rigorously and/or refine my parameters.
I am wondering if commencing searching via highest daily price rise is the best option? If not though, what?
Aquarius Platinum - meets criteria other than quite volatile. Mining is a bullish sector though. Concerns about Zimbabwe's political rather than economic involvement in companies investing and mining in their country. UBS raised assessment from Neutral to Buy. Watch.
Commercial Group Properties PLC - meets a lot of criteria - no News items though so not sure about driver. Buy due to volume change in relation to price rise.
SDL PLC - meets sufficient criteria to justify a buy. This share finished down on the day by 10p - clearly my assessment or indicators were at fault here and need to be analysed - though not dismissed as some losses are to be expected as there can never be guarantees. However on the day I would have realised a very small profit - £17.27 - again not enough to live on but okay for part-time - would make an extra £480 p/m - good extra capital but not a way to sustain a living. However the stock level I am using is based on paper trading full-time - if part-time I would have less capital to play with and these tiny percentages would be more succeptable to being wiped out my commission and other fee costs. Additionally despite losing 10 points I would not have triggered a stop loss - but would I have trigged a sell unless I had been watching the price movement occur. This share purchase needs to be as said analysed further.
Steppe Cement - this did make a profit but £31.34 so I am pleased it was another successful stock pick but the profit level on this could not sustain my livelihood. Though for part-time trading it would be okay! Nevertheless as this is toward full-time trading I need to explore further - trade as if my livelihood whether in fact I am doing so part-time or paper-trading.
I need therefore not just to be able to pick stocks with upward movement potential but of at least 3% - need to study whether this 1.06% increase could have been predicted.
Toledo Mining - meets all criteria, in bullish sector in a part of the world, the Philippines, that could attract new Chinese money.
Steppe Cement - this did make a profit but £31.34 so I am pleased it was another successful stock pick but the profit level on this could not sustain my livelihood. Though for part-time trading it would be okay! Nevertheless as this is toward full-time trading I need to explore further - trade as if my livelihood whether in fact I am doing so part-time or paper-trading.
I need therefore not just to be able to pick stocks with upward movement potential but of at least 3% - need to study whether this 1.06% increase could have been predicted.
Toledo Mining - meets all criteria, in bullish sector in a part of the world, the Philippines, that could attract new Chinese money.
Despite there being a number of indicators contra to my requirements I also noted recent price increases despite decreased volumes. Coupled with director buy and selling I decided to buy.
The overall sector was trending up too.
I would have bought at £1.51 and sold at £1.60 giving me a profit of £361.57 - my first stock profit and in excess of my 3% requirement - nearer 5%.
A good day :)
This trend of volume decrease price increase was repeated so I decided to re-purchase the stock at £1.54. In retrospect this might have been hasty because I also noted another share with buy potential which may realise a greater profit.
The overall sector was trending up too.
I would have bought at £1.51 and sold at £1.60 giving me a profit of £361.57 - my first stock profit and in excess of my 3% requirement - nearer 5%.
A good day :)
This trend of volume decrease price increase was repeated so I decided to re-purchase the stock at £1.54. In retrospect this might have been hasty because I also noted another share with buy potential which may realise a greater profit.
An Oil and Gas producer and thus in a bullish sector.
I noted increased buying interest so decided to buy in spite of recent price volatility.
The company had recently developed new wells and a higher price target had been set. Markets can be contrarian to such announcements initially and in future I should perhaps allow a few days to pass.
I would have bough this at £1.12 and had to sell out at £1.09 so would have recorded a loss of £194 based on my trading stake. Not a good day :(
I noted increased buying interest so decided to buy in spite of recent price volatility.
The company had recently developed new wells and a higher price target had been set. Markets can be contrarian to such announcements initially and in future I should perhaps allow a few days to pass.
I would have bough this at £1.12 and had to sell out at £1.09 so would have recorded a loss of £194 based on my trading stake. Not a good day :(
Sector quite bullish and met a number of my criteria and I decided to buy. However I am not quite sure why as I had also noted quite flat price movement recently for this stock.
Subsequent movement was either very volatile or flat!
I would have sold this share the end of the trading day losing just the commission and fees but it would have been a day without profit.
Subsequent movement was either very volatile or flat!
I would have sold this share the end of the trading day losing just the commission and fees but it would have been a day without profit.
