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SimonHughes
Posted: 09 January 2022 09:15:48(UTC)
#1722

Joined: 07/08/2018(UTC)
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Harry Trout;202346 wrote:
kim shillinglaw;202305 wrote:

Yes, would be appreciated if you didn't mind posting a link to your twitter chap.

Hi Kim, no problem, his name is Scott Redler and his Twitter handle is @RedDogT3, he is a professional trader who set up a free 15 minute show during the pandemic to connect everyone. It plays on Twitter at 11.30 GMT Monday to Thursday.

I started watching it when I was considering having a go at day trading but then realised that at the moment I just want to see if a better understanding of Technical Analysis could help my investing approach.

He operates in the daily timeframe and uses moving averages in the main. He mentions from time to time that he has been influenced by William O'Neill and is clearly a momentum trader.

I've applied his technique to the weekly timeframe and I am liking it so far. He specialises in tech stocks but has been dabbling in crypto and has had a great 12 months with some of the new up and coming crypto names.

The show is free, as are his e-books. There is a fee paying service but this is for day trading so I'm not looking at that. For disclosure I have no connection to Scott.

If you try it and find it helpful it would be good to know, or anyone else for that matter

Cheers

Harry


Also on Youtube - https://www.youtube.com/...CBj1BiYgmUJWdzqLhfInpJg
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Harry Trout on 09/01/2022(UTC)
countrymum
Posted: 09 January 2022 10:01:52(UTC)
#1718

Joined: 05/08/2019(UTC)
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Harry Trout;202346 wrote:
The show is free, as are his e-books.

Thanks Harry.
Have you downloaded his free e-book "the ultimate guide to moving averages"?
If so, is it any good?
(not that I want to be a trader - just constantly want to learn)
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Harry Trout on 09/01/2022(UTC)
Harry Trout
Posted: 09 January 2022 10:58:39(UTC)
#1719

Joined: 08/06/2014(UTC)
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countrymum;202353 wrote:
Harry Trout;202346 wrote:
The show is free, as are his e-books.

Thanks Harry.
Have you downloaded his free e-book "the ultimate guide to moving averages"?
If so, is it any good?
(not that I want to be a trader - just constantly want to learn)

Hi Countrymum, yes I have and it's a good intro to moving averages.

I would say though that watching Scott use moving averages live in current stocks is where greater value lies. He also posts on Twitter throughout each trading day.

For some more in-depth but very readable ideas in this area I would definitely recommend Stan Weinstein's book "Secrets For Profiting In Bull And Bear Markets". I like this for the "Stage Analysis" idea which helps you to define your timeframe and then to interpret which stage a stock might be in. It's not easy but I think I'm getting better at it.

On page 1 Stan sets the scene as follows:

"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher which I'll teach you to do consistently"

I got to know Scott Redler's style whilst reading the Stan Weinstein's book and they dovetail very nicely.

Certainly not a panacea but feel they help me to structure a repeatable process ............
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countrymum on 09/01/2022(UTC), mdss68 on 09/01/2022(UTC)
MarkSp
Posted: 09 January 2022 11:34:34(UTC)
#1720

Joined: 02/02/2020(UTC)
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countrymum;202353 wrote:
Harry Trout;202346 wrote:
The show is free, as are his e-books.

Thanks Harry.
Have you downloaded his free e-book "the ultimate guide to moving averages"?
If so, is it any good?
(not that I want to be a trader - just constantly want to learn)



LOL

These threads are packed with closet traders :)
We all trade....it is that we have different holding time periods for different assets.

I am not sure what the kudos is in holding a fund for "n" years when that fund has churned its portfolio 35% a year. For example, Blue Whale looks like you are buying into a trading fund
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Tim D on 09/01/2022(UTC)
philip gosling
Posted: 09 January 2022 11:38:59(UTC)
#1700

Joined: 06/01/2013(UTC)
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Newbie;202279 wrote:
Bulldog Drummond;202183 wrote:
Newbie;202172 wrote:
[quote=Bulldog Drummond;202092] 'Clive of India'.

You should know better BD.
lso on Mountbatten of Burma, Montgomery of Alamein, and the Duke of Westminster.

You are beginning to show bad form BD.

A person or object is 'of' a place which is their origin or birth. Else they are given a titular reference - so William of Normandy raided England and became the 'King' of England. Clive was neither born in India and his titular reference is either 1st Baron or Governor of India (a tool reference of the EIC / Monarch). In fact after his controversial actions had led to him being recalled from India.

As a learned individual (and someone who is in compliance and therefore versed on a linked subject of Nationality, Residence, Origin etc) one would expect you to know better.

As for Woke nonsense, semantics is where we are at, not political or social viewpoints. I can only surmise that this outburst and throwing out of the term from you, is another simple means of diverting away from the issue, which seems to be your standard defence mechanism every time someone questions or challenges you, even if it is to seek further clarification.

Now if you are in the view of promoting a notion, despite being given logical evidence to the contrary at the very prestigious institution where such evidence was carried put and forward and, one where you had learned your views and take every opportunity to show your academic and knowledgeable prowess with quotes and references, then there must be an irony in there somewhere.




Comment

Not sure it is BD showing bad form. Disparaging British History is hardly good form unless of course you are, as BD would say, woke.

And in a glass house one has to watch where you throw stones as they can do more harm than good.

Edward The hammer of the Scots - was not a Hammer you know and he wasn't "send him home again to think again" whatever Flower of Scotland says - there were no spiders and webs in a cave, nor was the world created in 7 X 24 hour days.

just because some Southern English University has a reputation does not mean everything or anything published has a logical meaning. You'll be saying we are not all equal and your views should count for more because -
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Bulldog Drummond on 09/01/2022(UTC), Guest on 09/01/2022(UTC)
MarkSp
Posted: 09 January 2022 11:52:57(UTC)
#1727

Joined: 02/02/2020(UTC)
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Guys

Let me make an observation or probably several.

1. What you can do when you are testing a method is almost certainly not what will happen when you are playing with real money as the psychology is different. It took me 20 years to get this right (ish).

2. Tracking MAs is interesting but, if you are looking at UK stocks and trusts, you also need to be able to see the order book. I will give you an example. ITV share price bobbled 103-107 for weeks. That was because someone kept putting enormous sell orders onto the book - if the current price was 106/107 seeing an order to sell 3M at 109 and 3M @109.5 ie c 50% of the daily volume, it does indicate that 108.9 is going to be it unless you have a buyer to take out that roadblock.

3 If you are going to work a stock, you need to spend time watching the book until you can understand how it flows....you are playing against other people too. Some stocks don't trade much unil 15:30 or have daily and weekly patterns.

4. day trading techniques all relate to price. It is best, in my opinion, to know nothing about the stock - thinking you know best or see "value" is what kills you.
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Rory Barr on 09/01/2022(UTC), ANDREW FOSTER on 09/01/2022(UTC), Tim D on 09/01/2022(UTC), Elland Road on 10/01/2022(UTC)
bédé
Posted: 09 January 2022 12:15:21(UTC)
#1721

Joined: 26/09/2018(UTC)
Posts: 7,895
countrymum;202353 wrote:
"the ultimate guide to moving averages"

As you may know, I don't read books, not even e-books.

As we all know now from Covid statistics., moving averages (aka rolling averages) are just an average that is updated; one day taken off, one day added on. It is useful for smoothing.

It is often plotted at the latest date. It should be plotted at the middle date, ie. 200 day MA at 100 days back. Plotted this way makes it clear what it means. To say that the 200 day MA has crossed the 20 day MA just means that today's price is more or less what it was 3 months ago.

My Trustnet graphs, being day-end mid market prices are already pretty smooth (for funds). I just look back 3m and judge whether i should panic or not. Usually not.

There is not much more to it, apart from reams of possible mumbo-jumbo.
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Aminatidi
Posted: 09 January 2022 12:39:25(UTC)
#1728

Joined: 29/01/2018(UTC)
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So is anyone rushing out to sell their Fundsmith or SMT or whatever and plough the proceeds into VHYL?
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Elland Road on 10/01/2022(UTC)
Jesse M
Posted: 09 January 2022 16:18:53(UTC)
#1729

Joined: 30/12/2020(UTC)
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Aminatidi;202389 wrote:
So is anyone rushing out to sell their Fundsmith or SMT or whatever and plough the proceeds into VHYL?


Not directly answering your question but Be it global, developed or a US index, the overweight of FAANG (& MS/Tesla) is what puts me off.
I wonder if during the time of market turmoil or rotation is the right time to question your choices (I think it should be when the market is going up). We all remember the rather short-lived value rotation last year, and yes we can quote various episodes from history but we are living in different times and I for one, will probably 'stick' and see how this one plays out through the year.
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8 users thanked Jesse M for this post.
bédé on 10/01/2022(UTC), Aminatidi on 10/01/2022(UTC), Tim D on 10/01/2022(UTC), Lindisfarne on 10/01/2022(UTC), Neelam Sharma on 10/01/2022(UTC), ANDREW FOSTER on 10/01/2022(UTC), Mostly Retired on 10/01/2022(UTC), Elland Road on 10/01/2022(UTC)
Nickc
Posted: 10 January 2022 13:33:14(UTC)
#1731

Joined: 08/01/2021(UTC)
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Interesting to note that looking through my portfolio JGGI and Royal London Global Equity Select has had the least drawdown of all my holdings (except PE).
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ALAN P on 10/01/2022(UTC)
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