Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error
Investing from the charts
+ Reply to discussion
Options
Wave Action
Posted: 31 January 2024 14:33:45(UTC)
#91

Joined: 30/11/2023(UTC)
Posts: 388
Harry Trout;294584 wrote:
Dear Beavis and Butt-Head

On page 7 of this thread Big Boy posted something that I wished to reply to and I did so this morning

It's how forums work (usually)

And maybe learn how to post a chart or something

Might break up the monotony


Yeah I see it now and missed it earlier. The charts do open up with the details. There'd be too many.
Back to top Quote
 |  Edit by user
Harry Trout
Posted: 01 February 2024 09:16:40(UTC)
#65

Joined: 08/06/2014(UTC)
Posts: 1,012

Thanks: 3965 times
Was thanked: 3537 time(s) in 821 post(s)
Big boy;294538 wrote:
When my past performance was professionally measured they put me at the top of the ladder. Clearly I am
not in a position to take full advantage of markets as a PI but I do retain some ability to manage money as a PI.

I suspect you know more about the art of investment compared with when you started. Clearly you do hence your page on the forum.

Life doesn’t depend on one word but hopefully this reply is helpful.

Thank you for the reply, I'm going to conclude that in your mind you have an edge as a private investor with your FIFO strategy. My simple contention is that you can't know this if you don't calculate your performance and compare it to a global equity tracker.

Don't take it to heart - no-one on these forums has ever evidenced an edge. I'm not saying no-one has one, I'm saying it hasn't been evidenced. I think it's an important point to make to those that have a tendency to follow the call of the piper.

Yes, I'm learning a lot from my investment journey thank you. Mostly around financial planning, setting objectives and monitoring my progress. That may well be my forte - win by not losing.

I had a go with a portfolio of individual stocks with 10% of my investment pot and documented this on the HT thread. It's beaten VWRL since launch but I have no edge and so I am gradually winding that experiment down by selling the stocks at opportune moments. I will keep some.

Wave Action - please try and summarise your results and compare to an appropriate benchmark. A selection of charts would be better than links to things which tell us nothing. I'm happy to help, it's nice to see someone having a go.

Embrace the challenge. I'm coming up to 10 years on this forum and I reckon there will have been posts from over 1,000 people in that time. Not one poster has ever evidenced an edge, go for it !!!
Back to top Quote
 |  Edit by user
1 user thanked Harry Trout for this post.
Wave Action on 01/02/2024(UTC)
Anthony French
Posted: 01 February 2024 09:35:55(UTC)
#93

Joined: 09/09/2018(UTC)
Posts: 9,128
Why not have trades relative to your plan especially the
years when trackers fall ?
If u fail to plan u plan to fail.
Back to top Quote
Wave Action
Posted: 01 February 2024 09:50:39(UTC)
#94

Joined: 30/11/2023(UTC)
Posts: 388
The price of ISF.L stood at 753.1 at the end of the year. I've bought in cheaper at 724.45 and sold at 744.68. I'm up 2.8% . FTSE is down around 1.5% this year so far. ISF.L is the FTSE tracker so the figures will be the same. Give me a bit time and I'll sort it out. I've tried hard in my short period on the forum . Again the links I've posted are the same as the chart below. I was concerned about copyright .

DATE ......... BUY / SELL... TOTAL
1 JAN................... 753.1
17 JAN........ BUY 724.45 ....100
29 JAN........SELL 744.68.....102.8
Back to top Quote
 |  Edit by user
1 user thanked Wave Action for this post.
Harry Trout on 01/02/2024(UTC)
Anthony French
Posted: 01 February 2024 10:04:00(UTC)
#98

Joined: 09/09/2018(UTC)
Posts: 9,128
The big problem for me is, which indicator do u follow.
If traded the slow stoch when the FTSE was rising on the chart
u missed the trade and incurred a lot of dealing charges.
Back to top Quote
Anthony French
Posted: 01 February 2024 10:06:47(UTC)
#100

Joined: 09/09/2018(UTC)
Posts: 9,128
Back to top Quote
Harry Trout
Posted: 01 February 2024 10:22:55(UTC)
#95

Joined: 08/06/2014(UTC)
Posts: 1,012

Thanks: 3965 times
Was thanked: 3537 time(s) in 821 post(s)
Wave Action;294685 wrote:
Give me a bit time and I'll sort it out. I've tried hard in my short period on the forum .

Good work WA, looks much better to see a chart, you'll get more interest

If it would help, I would be happy to benchmark your project against Vanguard FTSE All-World ETF (VWRL)

I wouldn't be motivated to help with benchmarking against anything other than a global tracker because this is what you should be investing any spare money into at your age (in my view)

All I need to know is when you started the project described on this thread and the capital amount. If there have been any additions I need to know amounts and dates please.

All trades to be posted within 1 hour of execution !!!

No worries if you don't fancy it
Back to top Quote
 |  Edit by user
1 user thanked Harry Trout for this post.
Wave Action on 01/02/2024(UTC)
Wave Action
Posted: 01 February 2024 12:48:19(UTC)
#99

Joined: 30/11/2023(UTC)
Posts: 388
Anthony French;294691 wrote:
The big problem for me is, which indicator do u follow.
If traded the slow stoch when the FTSE was rising on the chart
u missed the trade and incurred a lot of dealing charges.


Very true, nothings perfect , and I'm using a combination of the 10 MA and lower momentum indicators. I've maintained all of this from the start. Sideways, whipsaw, etc . I'm trading short term ,weeks or month, so there's always an opportunity. Remember when you said BUY late last year. I told you I'm waiting until the move was complete and indictors were low again. That's the way I use TA. Only a guide as I've always said. Again to be honest I sold at 7.35p in November so missed the next 20p or 3%. I've bought back lower. Call that luck but it's a fact . Moves can go on a long time even in the daily time frame . I've learnt they rarely go too far away so in this case it was 3%. That rally from October was a huge rally in general and they can be severe. Again I'll repeat that chart I've used was the only one I could find holding the details in the web address. Trouble is the Stochastic is fast and not slow but it gives the general picture. There's the whipsaw explained. Candlesticks also cause an issue . It ain't going to be perfect but I've got a guide to help me.
Back to top Quote
 |  Edit by user
Anthony French
Posted: 01 February 2024 12:57:05(UTC)
#101

Joined: 09/09/2018(UTC)
Posts: 9,128
If u are printing a profit, u are doing better than most but
nothing but nothing indicates the future.
The DOW didn't rise because the MACD crossed
but the MACD crossed because the DOW rose.
GL
Back to top Quote
Anthony French
Posted: 01 February 2024 13:19:43(UTC)
#102

Joined: 09/09/2018(UTC)
Posts: 9,128
Why don't u set up a virtual portfolio with a figure u are
comfortable with and then u
could update any trades
and the total of your portfolio.
It would be easier if u included transactions cost in your
buy and sell profits/losses.
If not u could u join my £5 a day challenge and that
would double the numbers.
Back to top Quote
16 Pages«Previous page89101112Next page»
+ Reply to discussion

Markets

Other markets