| Group description: |
This group nominally covers the whole of Scotland – although we are also open to members from wider afield. The focus of the group will be on ‘Technical Trading’ rather than Investing. Importantly, we understand that many people do both longer term investing and shorter term ‘technical trading’. Of that mix of styles this group will focus on ‘technical trading’ – so you might expect us to have conversations such as:
Swing Trading, Stop Losses and Position Sizing, Chart Patterns – Cup and Handle, Breakouts, Springs, Flags etc, Support & Resistance, Indicators, Price Targets, Positive Expectancy, Trade Management, Trading Systems, Trade Ideas and Evaluation, Trade Planning, Leading and Lagging Sectors, Leading and Lagging Participants within Sectors, Trade Journals, and the ‘Tools of the Trade’.
The majority of the group have both longer term investments and carry out shorter term trades, too. They would term themselves both ‘investors’ with a longer term outlook and ‘traders’ with a shorter term outlook. The group members have broad experience in the markets – including across all asset classes and vehicles (shares – companies, trusts, ETFs, funds; spread-bets, CFDs, Options, Crypto). However, most of the group are predominantly interested in equities within the context of a portfolio.
Although some members are highly experienced traders that is not true of all and experience level should not be seen as an impediment to joining. So, if you don’t know who Richard Wyckoff was, or why Fibonacci is even more relevant today than in the 11th Century – don’t worry! Every day is a ‘school day’ for us all – Mr Market makes sure of that! |
A very interesting presentation which brought to my attention a company that I had not previously noticed. The company’s dynamics sound very favourable, and it is good to see a situation where there is good profitability even in times of pandemic, net cash, scope to expand using that cash for small acquisitions, and also funds available to make larger purchases. The margins being made look attractive, the ‘moat’ surrounding the company’s competitiveness at least reasonable; the existence of contracted business gives a feeling of stability to revenues and profits for the next few years. If the current evidence is anything to go by, there is a strong chance of this company being another Bioventix or Abcam in terms of investor potential for some time to come. Very positive.
As for the presentation itself, it did suffer a bit from the typical “Zoom presentation quirks” of occasional dropouts, and in terms of content, I think there was a little too much use of : “…which I’ll come back to…”, indicating that a little more polish of the content before the presentation would have helped. However, I did get the sense that he knew what mattered in profit terms, and would be an able participant in ensuring that the company’s direction was firmly aimed at improving all aspects of the business year by year to maximise long-term revenue generation by building up those parts of the business that had strong and growing scope for profitability.