[AFTERNOON NAP]
What is it with afternoons on the FTSE? Stocks just stop moving. It's frustrating if you're in a trade, or if you're just sitting back watching stocks. Two examples from my portfolio this morning:
DES continued it's run from Friday and ran up to 91.5. I sold out at 87.25 for about £40 after brokerage. I've bought back in at 86.5 expecting some more movement - but alas it's gone sideways for the past 3.5 hours. I'm still looking for some medium term gains (this week or next week) on DES and it still looks good. After having the capital after the sale, there wasn't anything on so a little play on DES with a view for another £40 or £50 by Friday?
IEC dropped 4.5% this morning then recovered to -2%, but, since midday again it's done nothing worth noting.
This isn't really an issue for me at the moment, as my positions are all medium - but in the future should I ever decide to trade on an intra-day basis or hold for only 1-3 days, this flat-lining could become annoying. On the upside, I guess your trading day is done and dusted by lunch time, giving you more time to do whatever people do.
Looks like a dull day across the board, the range on my watchlist is -2% > 0%. Tight.
DES continued it's run from Friday and ran up to 91.5. I sold out at 87.25 for about £40 after brokerage. I've bought back in at 86.5 expecting some more movement - but alas it's gone sideways for the past 3.5 hours. I'm still looking for some medium term gains (this week or next week) on DES and it still looks good. After having the capital after the sale, there wasn't anything on so a little play on DES with a view for another £40 or £50 by Friday?
IEC dropped 4.5% this morning then recovered to -2%, but, since midday again it's done nothing worth noting.
This isn't really an issue for me at the moment, as my positions are all medium - but in the future should I ever decide to trade on an intra-day basis or hold for only 1-3 days, this flat-lining could become annoying. On the upside, I guess your trading day is done and dusted by lunch time, giving you more time to do whatever people do.
Looks like a dull day across the board, the range on my watchlist is -2% > 0%. Tight.
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