Because a lot of my stocks are AIM/Fledgling, the first thing that happens when the market gets going is that you can't trade CFDs online. In any case there is really is no way of knowing whether this is a blip or a blob.
Well that was quite a week. Utterly unproductive financially but what amazed me was how calmly I dealt with things. First of all, having 60 open positions as CFDs is a lot to keep up with...and I rely on Alarms and Alerts to do so. Indeed, earlier this week I slaved to get all my alarms set up on ADVFN because SS's are flakey to say the least and I felt I needed backup. I then found that ADVFN's alarms don't kick in at 8:00am...but they have admitted a problem and it's being sorted.
Because a lot of my stocks are AIM/Fledgling, the first thing that happens when the market gets going is that you can't trade online. There are two solutions. Battle through the Selftrade client service people to get to a dealer or send the order online. Historically, doing the latter was just a rather charming way to lose money as it took them up to 40 minutes to action, and the latter an exercise in trying not to lose one's temper as someone who clearly has never placed a trade in their lives or they would speak faster asks you what account the stock is in and then tries to sell it before putting you through to a dealer. I used to have a privilege of shouting my name and getting passed straight through but security no longer allows it.
Anyway, that was the past. This week I have put about half a dozen orders using the online 'send to dealer' button and not a point has been lost. All the orders have been actioned quickly and efficiently and I am moved to send them an email to say well done. I think they must have changed their system.
In any case there is really is no way of knowing whether this is a blip or a blob. I suspect the latter but as ever I will just deal with whatever is in front of me. The market has had a good run and the technicals have been bearish for some time.
Talking of technicals I have just done a nice chart of FTSE but the grabber isn't grabbing (it's a known unknown problem). Suffice to say I have a very good argument to say that there is very strong fibonacci support at 5100.
