1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. Dear Guest, Please note that adult content is not permitted on this forum. We have had our Google ads disabled due to some posts that were found from some time ago. Please do not post adult content and if you see any already on the forum, please report the post so that we can deal with it. Thanks, scara
    Dismiss Notice
  3. Please read this post: https://www.glory-glory.co.uk/community/threads/fund-raising-for-jeremy-yermiyahu.10542/
    Dismiss Notice

Buy the dip.

Discussion in 'Randomination' started by Danishfurniturelover, 28 Feb 2020.

  1. ricky2tricky4city

    ricky2tricky4city Rafael Van Der Vaart

    Joined:
    14 Jan 2012
    Messages:
    11,523
    Likes Received:
    9,734
    Location:
    south shore
    I think it's a really difficult picture at the moment to know what is priced in.

    If you take the ongoing war and covid out of it, the financials and corporate debt (or leverage) of many companies was way overstretched. Tech was the growth sector, but still largely waiting for 'profits tomorrow'.

    Then you have the personal debt problem (that's always there), ironically helped by Covid as we were given free cash but with restricted opportunity to spend it. I'm sure the massive rise in living costs will chomp away at it nicely.

    Then there's government debt. Justifiably piled up fighting one crisis or another but not in a pretty state coming into those crises in the first place.

    Inflation can help anyone in debt, but the detachment for people on the other side ie savers is stark. Scratch around for 1-2% on your savings compared to inflation running, I'd estimate easily at 7-8% at the moment. You'd be happy (relieved) to achieve that tracking an index these days.
    And the short sharp inflation shock I wouldn't be surprised doesn't turn out that short (5yrs?). The lower income suffer most, as they're not looking for return, just to make ends meet. Plus it's the unavoidable costs that are spiking.

    Boring stocks like utilities are probably safest at the moment. (National grid etc). There are probably some good cyclical stocks that might bounce back (from lows during covid) but generally give them a swerve with incomes stretched. A correction in tech might be a buying opportunity, it's the future after all, very few unicorns that won't be tech companies.

    Commodities are interesting as event induced supply and demand issues ensue. (And geopolitical). Plus GHod knows how much rebuilding might be required.
     
  2. Hashegotthesackyet?

    Hashegotthesackyet? Jose Dominguez

    Joined:
    3 Jun 2012
    Messages:
    2,168
    Likes Received:
    1,288
    Bond market is a good indicator of where things are going, especially the 10-2 year spread. It’s looking grim. it’s sell the rip.
     
    johnola likes this.
  3. ShipOfTheseus

    ShipOfTheseus Roman Pavlyuchenko

    Joined:
    19 Aug 2017
    Messages:
    3,574
    Likes Received:
    4,386
    Is this the dip yet?
     
  4. markysimmo

    markysimmo Johnny nice-tits

    Joined:
    14 Jan 2012
    Messages:
    30,321
    Likes Received:
    11,461
    I've not looked at my holdings and I don't intend to for about 2 years haha
     
  5. ricky2tricky4city

    ricky2tricky4city Rafael Van Der Vaart

    Joined:
    14 Jan 2012
    Messages:
    11,523
    Likes Received:
    9,734
    Location:
    south shore
    The old unopened envelopes approach :D
     
  6. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

    Joined:
    15 Jan 2012
    Messages:
    19,664
    Likes Received:
    11,542
    Location:
    RIP. Coronavirus 2020
    I failed the FTMO challenge again. Me and Tamid Muslim chap from work who is off to uni in September are thinking of starting up a training course teaching people forex trading.

    Figured I should at least pass the challenge first. Bloody difficult.

    Reckon I would be a good teacher.
     
    harr1984 likes this.
  7. Mikey10

    Mikey10 Vedran Corluka

    Joined:
    26 Jul 2016
    Messages:
    5,763
    Likes Received:
    7,475
    Location:
    Dorset (via N Ireland)
    I’m worried you don’t have enough self-confidence. :D
     
    MKSpur and P.D. like this.
  8. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

    Joined:
    15 Jan 2012
    Messages:
    19,664
    Likes Received:
    11,542
    Location:
    RIP. Coronavirus 2020
    Pretty much just stand up and chat brick but own what you're saying and people believe you right?
     
    Robbo, SteveAWOL, glasgowspur and 3 others like this.
  9. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

    Joined:
    15 Jan 2012
    Messages:
    19,664
    Likes Received:
    11,542
    Location:
    RIP. Coronavirus 2020
    So I am forex trading these days. Still on demo accounts but I'm loving learning the charts.

    How much of a beating can the pound take. Been watching the market for months but fcuk me last few days have been brutal.

    Want to make some money on a side hustle because of the cost of my health care treatment. Off to China again in January, covid started up last time so GHod knows what will happen this time.
     
    harr1984 likes this.
  10. harr1984

    harr1984 Steffen Iversen

    Joined:
    16 Jan 2012
    Messages:
    9,269
    Likes Received:
    7,783
    Any particular strategy you are trading?

    I dont agree with people trading on demo accounts for long, unless they have literally never seen a chart before. Because as soon as they move from a demo account to live account, and you see your money go up and down people get emotional and behave differently to how they do on demo when there is no pressure with no actual money being traded. All too often people close trades in profit early because scared of going into drawdown, or close trades that are in drawdown because they cant handle seeing their money in the red - Your stop loss and take profit levels are there for a reason, if it hasn't hit either of them then you are still in the game.

    I used to trade GBP/JPY but it doesn't have much volume these days, so I do XAU/USD - You can catch some beautiful moves and plenty of pips on there during NY session.....
     
    Danishfurniturelover likes this.
  11. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

    Joined:
    15 Jan 2012
    Messages:
    19,664
    Likes Received:
    11,542
    Location:
    RIP. Coronavirus 2020
    At the moment we are looking at reverse price movement on pound/dollar.

    The XxAU/USD is what2pm uk time?

    I don't understand to much of it but it is interesting. Love learning something new.
     
    harr1984 likes this.
  12. harr1984

    harr1984 Steffen Iversen

    Joined:
    16 Jan 2012
    Messages:
    9,269
    Likes Received:
    7,783
    Excellent, I love watching the way price moves it’s so interesting - master price action and the different types of candles and patterns and you will do great things!

    XAUUSD goes all day but the biggest volume is at NY session which is 1pm UK time….
     
    Danishfurniturelover likes this.
  13. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

    Joined:
    15 Jan 2012
    Messages:
    19,664
    Likes Received:
    11,542
    Location:
    RIP. Coronavirus 2020
    Funny enough just had lunch with my mate. Sadly not a liquid lunch as he Muslim and don't drink. I love unexpected friendships, hit off best with him at work despite being 33 years older and him an arsenal fan.

    Anyway we had a laptops out in Costa and have spent a couple of hours bussing watching the markets. Is a new interest of mine.

    Do you have a funded account or are you self funded?
     
    harr1984 likes this.
  14. harr1984

    harr1984 Steffen Iversen

    Joined:
    16 Jan 2012
    Messages:
    9,269
    Likes Received:
    7,783
    I used to fund myself just as hobby, but I’m looking to take more seriously so I’ve started doing FTMO. I failed a couple of times, passed both challenges once and became a funded trader but I got overexcited and didn’t stick to my plan and exceeded my limit. So have taken a break and going to go again. It’s mostly a mental thing and sticking to your trading plan, no matter how good a trader you are you will lose sometimes. It’s all about probabilities. If you have a good plan that works 7/10 times you will be profitable as long as you stick to it and accept you will lose 3/10 times. Good luck mate…..
     
    Danishfurniturelover likes this.
  15. Danishfurniturelover

    Danishfurniturelover the prettiest spice girl

    Joined:
    15 Jan 2012
    Messages:
    19,664
    Likes Received:
    11,542
    Location:
    RIP. Coronavirus 2020
    Nice one mate. We will have to catch up at a game this season.
     
    harr1984 likes this.

Share This Page