Any day traders out there?

[ThatPhilBrettGuy]

sebo said:

Is the grass actually greener..?

Yeah, it is here, and there's not the overriding smell of garlic like there was when I left.

[sebo]

LOL

We'll leave it there.

Nice speaking to you, may catch you on another thread.

To bring the thread back on track I am NOT a day trader.

HTH

[Retard]

gary, sent you the screenshots I took, although they're of absolutely no use whatsoever tbh...

[g4ry13]

Retard said:

gary, sent you the screenshots I took, although they're of absolutely no use whatsoever tbh...

Thanks for that, still interesting to take a look at. I haven't seen anything like that before . What's that for though? LLF:S? For shares in level 2 you can see buys vs sells, whether trades are AT's, O, VW etc. and just generally get a feel for where people are buying and selling in the market (which I can't seem to see on your example). What's PAL? (it's not Profit And Loss is it?)

Edited by g4ry13 on Thursday 15th November 16:33

[Retard]

g4ry13 said:

Retard said:

gary, sent you the screenshots I took, although they're of absolutely no use whatsoever tbh...

Thanks for that, still interesting to take a look at. I haven't seen anything like that before . What's that for though? LLF:S? For shares in level 2 you can see buys vs sells, whether trades are AT's, O, VW etc. and just generally get a feel for where people are buying and selling in the market (which I can't seem to see on your example). What's PAL? (it's not Profit And Loss?)

Those numbers are buys and sells.... PAL is indeed profit and loss, in image 3 you see me being the first in to a trade (which makes it a priority order, so I get everything until the order is taken). As it happens, there was a very good reason that noone else was in that trade, so the PAL is down in those later images from my spastic exiting of the trade, what that means is I lost 25 ticks on that contract on that day so far, said contract being march 08 euroswiss, each tick essentially being 25 swiss francs, or a bit over a tenner. It was good that I got out (and bought more) because it's now trading 32-33 and I have a positive PAL there now.

The trade types, if I understand what you mean, don't apply in this market as everyone is on a level footing (helps to understand the order fill algorithm though, which is a mix of said priority order, the time the order goes in, and the size of the order).

[CIS121]

Guys, a little off topic. I used to be a bit of buying and selling shares in my spare time. I wasn't terribly good, but made more than I would have done with a bank account. I'm looking to start wheeler dealing again with a long term view, i.e. holding shares for months if not years.

I'd probably just purchase say 10k of shares initially and I don't fancy too much picking shares based on my limited knowledge like I used to. What would you folks recommend as a good book to give an insight into learning how to pick shares. I got to grips with some basic before such as price/earnings and market cap vs net worth etc but am looking to become a bit more clued up.

[jamesw2000]

naked trader by robbie burns

[g4ry13]

jamesw2000 said:

naked trader by robbie burns

May as well wait for The Naked Trader 2.