Ok, IBKR are good imo, i thought everyone got paid interest to hold a short as balance on that side of ledger. Ive heard people say on HC holding shorts costs lots money but i just ignored them or thought there must be some other way of doing it.
TA has been good to me, its where i started, with small amounts of capital up to say a max of 20k per ticker code one can make very good returns on a % guage, especially in proper bull markets like before the GFC. One can't have or use lots of capital for ST TA trading effectively imo because to get a decent % return without cfd's or leverage on bigger companies one has to focus on the tin pot shares that have got nothing, the LOM's, BRB's, QBL's, MUS's, AUZ's, COB's, 4DS's and frequently trade them and the main problems doing this trading to make big coin is i only have 2 eyes and having more than 8 or 9 on the go at once becomes troublesome as one misses things and can't take action in a timely manner all the time thus increasing the inevitable losses one will find trading TA and if one can't limit those losses effectivily it blows the %'s to bits. Another problem that limits size of the trade is liquidity or volumes one can buy and sell at each specific price line or depth and as these tin pot shares have large % increments between the depths ( i.e 2c to 2.1 c is 5%) if you can't unload all your shares in one hit at one level the % returns also gets blown to bits. I've proven large % returns over many years purely trading but realistically at the end of the day one only earns enough after tax and all the BS to have a reasonable income. Yes ive had some small ones that go up chit loads but one can't count them in the %'s as they are not repeatable in a timely manner, that would be more like wishful thinking, rather than a rational result.
Now im older, have more time and also more money Fish IS investing moreso than before with larger amounts, however tin pot shares are off the radar for this type of investing, if i put lots of dough in the tin pot shares i play with i would have to catorgarise it as gambling, however these larger shares seem to provide some opportunity however it can take me weeks sometimes to nut through a bigger share before i know what to do, theres more variables to evaluate, tricky wording and bookwork to process and to generally get a feel of how and why they running the show the way they do, then one has to work out what all the brokers are doing and why. On these investments TA is given very little priority because of the time frame involved for the investment to mature, also TA is far less effective with larger shares and imo should not be relied upon at all, if i traded the larger shares on a TA basis the same as i do the tin pot shares i would lose on average and over time, i'm not really sure why it dosen't work the same however i put it down to competing against more intelligent investors, higher and more resourceful competition.
A couple lately ive posted on here at HC is UPD, i'm long there and will be when it delists in a few weeks too, theres no Ta for me there.
Another is NAN, i'm short there, first went at 3.40, SP kept rising, news came SP fell briefly but rose again, i got shaken out and lost 9 pips, watched it rise in amazement and waited for some sort of spike with volume to try and improve timing and posted on the day of the high at 3.80 odd which had larger volume and said time to have another crack and shorted 5 times more than i had originally, i'm still short there now, theres better shorts out there but i still think it's overvalued to buggery.
So all in all, yes ive been listening to people like yourself about Ta and have understood why you's have anti-TA claims and am grateful to those like yourself that point out to me its basically meaningless on the scale of things. Apart from small spivvy punts TA is one of the last things i look at these days.
Cheers Fish.
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