[INTRA-DAY ACTION]
Stood in ahead of size on British Airways (BAY) on excellent volume with good buying presssure. Will wait for the next few minutes to see where we go. Currently 2:1 on buys/sells and expect profit taking to begin at around 630.
Not looking for anything major in this trade because the range is small, just checking that I can apply the strategies of hit and run trading to the UK market. £20 will be enough for me on this one!
Out of the trade, commission and stampt duty killed me on this one. Costs of the trade were £42 against my quick £30 price gain so lost £12 overall. Sell signal was the price crossing under the fast line. Would not be surprised to see the stock bounce off the slow line and maybe I've sold out too early because it's holding on the slow, but these stocks aren't too good for day trading - especially with the costs involved. CFDs would be a lot better for it.
Not looking for anything major in this trade because the range is small, just checking that I can apply the strategies of hit and run trading to the UK market. £20 will be enough for me on this one!
Out of the trade, commission and stampt duty killed me on this one. Costs of the trade were £42 against my quick £30 price gain so lost £12 overall. Sell signal was the price crossing under the fast line. Would not be surprised to see the stock bounce off the slow line and maybe I've sold out too early because it's holding on the slow, but these stocks aren't too good for day trading - especially with the costs involved. CFDs would be a lot better for it.
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