The UK 100 is back trading the upper half of a 5-week bullish rising channel, having rebounded from recent 6750 lows to flirt with the psychologically significant 7000 level. Sterling weakness due to ongoing Brexit uncertainty and stronger than expected US January jobs report are both helping nudge the blue-chip index higher. Today’s index helpers…
After my recent focus on stop losses, here’s something different: Phasing into and out of your share positions. Clients have a tendency to buy into and sell out of positions in one go. They decide how much exposure they want and purchase the full amount (e.g. £10K). When they want to exit, they do the same in reverse….
Corporate reporting season is in full swing on both sides of the Atlantic. Traders are eager to benefit from potentially attractive share price moves. Often, however, the share price moves seen around results require some deciphering. What constitutes “good results” for the share price? Why would a share price react negatively even after positive headlines? Let’s assume a UK…
Following my blog on Friday, the question “Where do I place my stop loss?” cropped up again. It’s an ever popular question from clients when placing a trade. For which there is no one answer. It’s like asking “How long is a piece of string“. Working out what might make sense, however, is extremely simple….
The UK 100 is back at the floor of a 2-week 6800-7000 shallow rising channel. The culprit is a strong Pound Sterling, which hinders many UK Index members from a currency translation standpoint. If the shares pay a dividend in US Dollars, the stronger that GBP gets the less these payment are worth. And Sterling is…
Client A rings in, identifies him/herself and asks Accendo to “buy £10,000 worth of UK Index stock X“, because the shares are trading multi-month lows. After the usual security checks Trader B obliges, asking “what’s you plan? Would you like a stop or a limit?” Client A says “no stops, no limits, thanks, bye”. From…