RE: Beginners Questions
Quote:I guess your best bet like isatrader said is to look at Interactive Brokers.
Thanks Isatrader and Goodtyneguy. Looking at their website it seems to me that they don't offer ISAs nor SIPP. The pattern day trader rules you mention seem to be a US thing. I'm in the UK. I'm assuming somehow that I'd be operating effectively in the US not the UK. I will certainly bear them in mind. Unless I am getting a good batting average, which seems not exactly the case at the moment, I'll avoid margin.
It does seem (I phoned them) that Interactive Investor offer buy stop limit orders (rising orders) on their accounts. I might open a modest share dealing account to see if it works.
Overal I think I got keen in the last few weeks and bought a number of things that broke out - but due to the use of fill or kill orders were bought a little late. Hence I've been a bit grumpy due to the losses in the pullbacks - most things have been showing losses. However, it looks like many are now climbing out of the pullbacks. Perhaps a little pacing might help - so not everything is pulling back at once.
I've added a feature to my stock screener to see if I can move to breakouts from continuations rather than initial breakouts and see how that works.
I think I need to add a little patience as well as timing.