I’ve started listening to the videos that IG put out during the day. They go through the charts and instruments and give hints and advice (well, they say it’s not advice to cover themselves).
On Tuesday they suggested Brent Oil would trend downwards if it got down past a certain level. So I waited a few hours until it reached that level and I put in a Buy order (with a pretty small size, can’t be too careful!). Judging by the way the price had moved in previous actions I thought by the end of the week it would have moved down in the order of 500 points for a nice boost to the account (I need one!).
But here we are, Thursday evening, and it’s just back and forth, down a little, up a bit more. I’m tired of waiting!
I got tired of sitting on my hands so decided to take a very little trade (0.01 size) on Tesla shares. They’ve been moving upwards for ever and it didn’t seem likely to go wrong. I entered the trade at about 14:30 hoping to get a boost up when the American markets opened.
Ha, it moved down straight away! See the image below. Then started a sideways range journey with further large movements downwards. Typical.
Happily it got over the bearish hurdle and moved back over the break even line and I was showing a little profit. I thought I’d just sit on it and ride up to nicer figures.
And then this evening, Thursday, I noticed the number of trades running had decreased by 1. What had happened? A huge movement downwards stopped me out, I wasn’t expecting that at all.
Still Most annoying given it was running for over a day but lucky it was such a small size!
Below is the 4 hour chart showing the Tesla prices since the beginning of the year. At no other time has it had such a big downwards movement in just 2 candles. I’m right to feel hard done by!
