Is the Time to Invest in Banks approaching?

tradetime

gozomark wrote: »

as long as the gamble was taken in the last few days.....

True, but that doesn't negate the fact that it was a great punt, particularly if you chose BCS. Am not suggesting my view on it has changed, as an investment I still see banks as high risk, but for a pure punt, you don't get much better than this, though what often happens is that folks on a high from a very profitable punt carry on to play many more long shots, the odds always work themselves out in the end.

Andrew64

tradetime wrote: »

but for a pure punt, you don't get much better than this, though what often happens is that folks on a high from a very profitable punt carry on to play many more long shots, the odds always work themselves out in the end.

I've been punting on RBS for the last few days and I've made a profit, but I'm calling it a day soon for the reason quoted.

[Deleted User]

I don`t gamble actually I use TA to trade and invest and in fact have increased the holdings in my dh`s sipp v big losses by funds

It is always best to not be greedy and to be happy with the profit in the middle ie don`t aim for the bottom and the top. I have real time on a charting programme ie I can see what is happening tick by tick, like in a trading room and am well versed in TA (charting) and stock market psychology

imo buying/selling barc,lloy,rbs,hsbc at the moment is to be swept into the games being played by the very big traders.

Just for interest I have 18x my barc `investment` in a nice solid, lesser well known bank and am accumulating a nice fat dividend too

tradetime

kittie wrote: »

I don`t gamble actually I use TA to trade and invest and in fact have increased the holdings in my dh`s sipp v big losses by funds

It is always best to not be greedy and to be happy with the profit in the middle ie don`t aim for the bottom and the top. I have real time on a charting programme ie I can see what is happening tick by tick, like in a trading room and am well versed in TA (charting) and stock market psychology

imo buying/selling barc,lloy,rbs,hsbc at the moment is to be swept into the games being played by the very big traders.

Just for interest I have 18x my barc `investment` in a nice solid, lesser well known bank and am accumulating a nice fat dividend too

Fair enough, would be inclined to agree with that, apart from the "not gambling" aspect. I am a fulltime technical trader and consider it very much gambling, yoou just have a more informed view of the odds than most more conventional forms of gambling. I haven't looked at the banks from a technical point of view generally, I don't trade individual company stocks anymore. I did interestingly have a look at Barclays chart out of curiosity when this was being discussed in the early part of this thread, but couldn't see any setup that would have led me to trade personally.

I can see what is happening tick by tick, like in a trading room and am well versed in TA (charting) and stock market psychology

Tick charts as I'm sure you know are only of use when scalping, they deliver far to many signals for anything above that timeframe.
Out of interest what charting program and feed are you using, I may be looking to change provider later this year.

[Deleted User]

what provider are you using tradetime?

re scalping, lol, those days are long gone for me. I cut my teeth on trading ukx and then indu. I regard myself as a position trader these days

[Deleted User]

re buying and selling for the novice: be aware of herd mentality ie buy high and sell low (not)

also weigh up risk/reward ie downside v upside and is the ratio worth the punt and it often isn`t

never ever use money you cannot afford to lose

tradetime

kittie wrote: »

what provider are you using tradetime?

re scalping, lol, those days are long gone for me. I cut my teeth on trading ukx and then indu. I regard myself as a position trader these days

I used to use Qcharts, but eSignal currently, am on the look out for an alternative.

[Deleted User]

ss pro
used to run updata rt but this one is the bees knees re stability

tradetime

kittie wrote: »

ss pro
used to run updata rt but this one is the bees knees re stability

Thanx for the info, will take a look. Does it cover live futures, seems oddly to suggest that they are delayed, can't think why though.

ShareScope Pro also includes delayed prices for NYMEX commodity futures and global indices.

Moon_Boi

Lloyds up 40%+ today, wish i was onboard.