| 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! |
I note that Richard Stone also says: “To operate a low-cost trading platform like we do can only work if we pool all the shareholdings into one nominee account,” This is nonsense. The existing CREST electronic registration system can be used efficiently, without brokers usurping shareholders’ rights.
For what it’s worth, H-L have always been responsive when I’ve asked them to vote my shares held c/o them. Including the Foresight 4 VCT vote where shareholder action scored a 50/50 split on re-electing directors! Can’t speak for other platforms.
Holding shares directly means having to deal with the registrars, which can be a lot more hassle than dealing with a platform. Particularly Capita, who even today refuse to bring their information systems up to date with what I’d’ve expected into the 1980s (when I graduated into a career primarily in software) and provide a portal to manage all one’s holdings.
Re the last comment, with over 60 shares held directly, I hardly ever need to speak to registrars and there is hence no problem with the quality of the systems of different registrars.
Since your latest article on Foresight VCT 4 doesn’t permit comments, I’m following up here instead.
This AGM overlaps with the tender offer: having tendered all my shares, I don’t know how many I’ll still own at the time of the AGM.
I submitted my voting instructions to H-L with a request to vote whatever shares I still hold. They replied that because final settlement doesn’t happen until the 29th, they can’t vote my shares this time.
I don’t understand that reasoning, but I can’t help thinking that the timing of the tender offer relative to the AGM might affect other shareholders ability and motivation to vote, and perhaps materially affect the outcome.