starting a large position , page-6

  1. 1,372 Posts.
    Martin good suggestions. It is about patient entries, money management, and banking profits.

    GK, re depth I agree that if you are buying $100k in a big 4 bank then the depth should not be a problem.
    re parcels, I think it depends a bit on your intentions. As with martin's method it is aimed at trading, for various timeframes. If you are investing for a medium/long term a few cents here and there matters little over the long run. I would still suggest a few parcels. Perhaps a parcel in each bank. (2 or 3 banks anyway)

    There is a good article in the Weekend Australian paper today about the outlook for the big 4. A good read is the business section of the Weekend Aust paper. They have a top 100 picks for 2014 as well.

    Yep the FTSE is having a good run, beauty! another 50 or so to the first target. 6800
    ASX200 had a little breather yesterday. The hammer (inverted) shows some selling/profit taking pressure. Still trending on the run up. First target is ~5450.

    The German DAX looks similar. I have not traded it but will watch it as well. It seems to move a bit more but could be harder to tame. It wips back a bit to hit your stop.
    good luck with it GK.
    mower
 
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