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My FTSE 100 Stock pick
patchy
Posted: 23 June 2015 10:32:11(UTC)
#22

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Tayal,

Big bounce on Greek debt deal euphoria. Now what? Are we now all long the FTSE back to circa 6950 ?
Tayal Smith
Posted: 24 June 2015 07:15:58(UTC)
#23

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KINGFISHER PLC (LON:KGF)

TARGET 369.50

The Major trend of KINGFISHER PLC it is showing strength for selling

If it breaks the support level of 372.50 then it can test the target level of 369.50 with the stop loss of 375.50.


Stock is trading in a range and trading near the trendline. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with -ve bias.

Skype tayal.smith1
1 user thanked Tayal Smith for this post.
Redundant (Old Timer?) on 24/06/2015(UTC)
Tayal Smith
Posted: 25 June 2015 07:27:34(UTC)
#24

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BAE SYSTEMS PLC

BUY for Target 490

Resistance 483

Stop Loss 478

Skype tayal.smith1
Tony Peterson
Posted: 25 June 2015 13:35:56(UTC)
#25

Joined: 10/08/2009(UTC)
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Tayal

You seem to me to be shorting shares in the morning of days when they rise, and buying shares (like BAE) which today has fallen below the stop/loss that you set.

I seem to have had a post disappear which asked you to quantify how much you are winning or losing by your strategy?

We would all like to know how profitable your strategy is.
Tayal Smith
Posted: 25 June 2015 14:03:05(UTC)
#26

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Tony

Generally I trade on 2 stocks in a day.

Today BAE got hit by stop-loss but my other trade ITV PLC got me profit.

It depends on a day. Sometimes my strategies give me 100-150GBP in a day, sometimes I have to exit on cost.
Tony Peterson
Posted: 25 June 2015 14:12:58(UTC)
#27

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Tayal

You didn't tell us about ITV, so why should I not exercise some polite doubt?

If you continue these postings, may I ask that you put all your trades to the market's test?

So in the last year? Total gains after subtracting losses?



Recently Redundant and Retired
Posted: 25 June 2015 14:42:38(UTC)
#28

Joined: 08/03/2011(UTC)
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There are plenty of websites you can use for day trading and follow the gurus who try to build up as many followers as possible and post their success rate.
I see from posts elsewhere, Tayal has claimed to make up to £320 per day profit from trading, no mention of losses.

I'd like to know if these trades are real shares or options. I was tempted 20 years ago to get into the traded options market when we got huge amounts of options at work and made more money than we earned working. I listened to that canadian guru on LBC as I queued on the Western Avenue each morning and evening, can't recall his name, had a big moustache and kept telling folk to rent property rather than buy. (rents being 5% but mortgages 10%+).
Tony Peterson
Posted: 25 June 2015 14:52:13(UTC)
#29

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R R & R

That was Bob Beckman, that was. Author of "The Downwave". He was wrong most of the time, but entertaining. I liked his definition of a sideways market as "A Headless Chicken Market".

I wonder, does Tayal pay for these gurus who draw lines on graphs and then foretell the future? It'll be astrologers next.
Tayal Smith
Posted: 25 June 2015 15:08:50(UTC)
#30

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I forgot to mention about ITV as I was busy today.
So much happening in Greece, I had to plan for coming days strategies.

I do technical analysis based on few indicators and fundamental news.

Why do I have to tell everybody how much I gained or lost? Why does it even matters? It's my personal matter.

Nobody talk about stocks. Everyone wants a reason to demoralize other traders.

Discuss about my trades and what could be done to improve it.
Give me suggestions.


Please, I request everybody following this thread to post relevant suggestions and their experience.
Clive B
Posted: 25 June 2015 15:40:11(UTC)
#31

Joined: 25/11/2010(UTC)
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Tayal

you might find this book on trading strategies interesting (believe it's US based). I read it last year just out of interest (Kindle form, very cheap), but haven't used any of the strategies as that's not my thing

"Stock Market Edges: A quantitative guide to developing winning trading strategies" by Philip Reschke.

He also has a website: http://www.philipreschke.com/

Clive
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Tayal Smith on 25/06/2015(UTC)
Tayal Smith
Posted: 25 June 2015 15:55:04(UTC)
#32

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Clive B

Thank you for suggesting such a book.
I'll really look into it
Tony Peterson
Posted: 26 June 2015 16:08:30(UTC)
#33

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R R & R

Tayal has made no mention of losses at all, even though he seems to have made a few since he started on this thread.

Nor do I feel that he wishes to be absolutely honest about the performance of his strategy.

I seem have have touched a raw nerve judging by his penultimate post.

Day trading is not investing. It is gambling pure and simple. And, for most people, as is most gambling, doomed to failure (except for enriching the "gurus" that feed him those nonsensical lines drawn on graphs of past performance).

I don't want to demoralise him. I want him to wake up to reality.





Arfur Fuxake
Posted: 28 June 2015 11:40:54(UTC)
#34

Joined: 29/04/2015(UTC)
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TP: Spot on, Bob Beckman, if he came on as I passed Hillingdon lights I was doing okay in the slow lane of the A40 which I inhabited for so many decades.

Tayal: Relax, we are discussing day trading if only you could see it. Discussion tangents are not a bad thing, they broaden the mind and are the interesting reefs in a sea of jargon and figures. You ask for help in making your calls yet you hold your cards close to your chest, it's like a crib player asking me what to play without showing me their hand.
If you have confidence in your calls, why not trade options rather than shares and increase your profit 10 or 20 fold (caveat : you might lose everything).
1 user thanked Arfur Fuxake for this post.
Tony Peterson on 28/06/2015(UTC)
Tony Peterson
Posted: 28 June 2015 18:44:46(UTC)
#35

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AF

You got thanked for giving me a trip down Memory Lane (aka the A40). You know that parade of 22 semis just before you hit the Hoover Factory (as it then was)? - one of those was our first home 1975-87.

Very cosmopolitan it was too. And a good start.

Which makes me think a bit about Tayal. Everyone is younger than me, but I think he is much much younger. Has he his own home yet? Markets are fascinating places with a great range of players and much variance in their psychologies and ages. He is playing a game that would never have interested me. A solid stake in ownership is what really secures one's financial future. He is sounding a bit hurt after a confident start. Lotteries, horses, dogs, and day trading seem to me to be extreme ways of frittering away your chances of financial security.







Alan Selwood
Posted: 28 June 2015 22:12:42(UTC)
#36

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It's that battle between a wish for quick riches v. the realities and probabilities of life!

I detest lotteries and football pools and Premium Bonds because they tempt people into spending money that could be better deployed, by weaving a dream of riches - and so few get the winning chance, while nearly all participants subsidise the winner but especially the promoters of the gamble.

The mature investor looks at the probabilities and says:
'Which is most likely to bring me long-term financial security, a series of gambles at long odds against me or a few very carefully-selected near certainties' - And the latter is how Terry Smith and Nick Train and their fellow professionals end up making lots of money over the long term, while the gamblers nearly all crash and burn.
3 users thanked Alan Selwood for this post.
SteveG123 on 29/06/2015(UTC), Redundant (Old Timer?) on 29/06/2015(UTC), martin hargan on 19/10/2016(UTC)
Tayal Smith
Posted: 02 July 2015 07:53:41(UTC)
#37

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Sold HARGREAVES LANSDOWN

Stop loss OF 1178 Target 1154

Skype tayal.smith1
patchy
Posted: 02 July 2015 10:58:22(UTC)
#38

Joined: 12/06/2014(UTC)
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Tayal Smith;28220 wrote:


Sold HARGREAVES LANSDOWN

Target 1154


Good pick.
now at 1134p.
3% in 3 hours.

Tayal, I presume you are letting this run.

Good chance it will keep going, down to 1117p probably.

Tayal Smith
Posted: 09 July 2015 08:31:11(UTC)
#39

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ROLLS-ROYCE HOLDING PLC short


Sold ROLLS-ROYCE HOLDING PLC

WITH StopLoss OF 766 Target 752

Skype tayal.smith1
Tayal Smith
Posted: 10 July 2015 06:40:53(UTC)
#40

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DIAGEO PLC

The Major trend of DIAGEO PLC it is showing strength for buying.

If it breaks the resistance level then one can initiate the buying position in the stock. If it breaks the resistance level of 1890 then it can test resistance level for the target of 1910 with the stop loss of 1875.

Skype tayal.smith1
1 user thanked Tayal Smith for this post.
MAK on 10/07/2015(UTC)
Tayal Smith
Posted: 19 January 2016 07:12:43(UTC)
#41

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TESCO PLC SELL

TARGET 156

The Major trend of TESCO PLC it is showing strength for selling

Support level of 159.50 Target of 156 with the stop loss of 163

CHART FORMATION:-

Stock is trading in a range and trading near the trend line. Breaking the support line will lead to downside movement. Stock is trading below the 50 DMA with negative bias.
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