Puntersmate Trading Investment

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Col
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Re: Puntersmate Trading Investment

Post by Col » Fri Feb 22, 2019 9:20 am

The guys have taken advantage of the good day we had yesterday, and as Fridays are usually pretty quiet, there will be no trading for today due to essential maintenace upgrades.
Back Monday.

Anyone who is interested in this just drop me a line.

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charliepie
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Re: Puntersmate Trading Investment

Post by charliepie » Fri Feb 22, 2019 7:42 pm

How long does it take to get set up and running col?

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Col
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Re: Puntersmate Trading Investment

Post by Col » Fri Feb 22, 2019 7:45 pm

There are a couple of steps I have to walk anyone through, but once registered probably 24 - 48 hrs charlie

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Col
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Re: Puntersmate Trading Investment

Post by Col » Sat Feb 23, 2019 7:31 am

Received my daily trading confirmation mail last night, and there was a trade for + 0.97 pence completed just before we went off for maintenace.
I've edited the Thursday totals just to include that 0.97 pence.

Running Total for the month + 140.92

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Col
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Re: Puntersmate Trading Investment

Post by Col » Mon Feb 25, 2019 8:31 am

The only bad thing about this, is weekends are a bit of a disappointment now. :lol
But we are off trading again. :)

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Col
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Re: Puntersmate Trading Investment

Post by Col » Thu Feb 28, 2019 10:10 pm

M - 25/02/2019 - Closed Trade P/L: + 17.22
T - 26/02/2019 - Closed Trade P/L: + 17.52
W - 27/02/2019 - Closed Trade P/L: + 8.95
T - 28/02/2019 - Closed Trade P/L: + 13.55


Running Total for February + 198.16

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Col
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Re: Puntersmate Trading Investment

Post by Col » Fri Mar 01, 2019 4:17 pm

Ok that's February done and dusted with the total standing at £198.16
We pay 20% of the profits + £15 for server for the following month. So if I've done my maths right comes to £143.53

Results with all fees paid
February - + 143.53

We move on to March, and there was a small trade done during the night. I presume that's us for the weekend
F - 01/03/2019 - Closed Trade P/L: + 2.39


Trading Account Live

muske
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Re: Puntersmate Trading Investment

Post by muske » Fri Mar 01, 2019 6:07 pm

And you're still at £3500 Col, so 4.1% for the month?

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Col
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Re: Puntersmate Trading Investment

Post by Col » Fri Mar 01, 2019 6:25 pm

Yeah, that's about right. :thumbs

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Col
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Re: Puntersmate Trading Investment

Post by Col » Fri Mar 01, 2019 7:30 pm

Albeit we are still operating at reduced risk settings, and might well be until Brexit.

kenbo
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Re: Puntersmate Trading Investment

Post by kenbo » Sat Mar 02, 2019 12:08 pm

So if we go by Fruity's 'divisible by 72 rule' (and rounding down to 4%) I think that would mean that you'd double your money in 18 months?

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Col
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Re: Puntersmate Trading Investment

Post by Col » Sat Mar 02, 2019 2:03 pm

I've no idea mate {8
But watch this space :)

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Re: Puntersmate Trading Investment

Post by gawa » Sat Mar 02, 2019 2:30 pm

What's the 'divisible by 72' rule kenbo?

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Re: Puntersmate Trading Investment

Post by kenbo » Sat Mar 02, 2019 3:01 pm

Fruity can explain it far more eloquently than me, but I think it's as simple as dividing 72 by you yearly interest rate. That will then tell you how long it will take for your initial investment to double.

for example if you had £1000 invested at 2% then it would take (72/2= 36) 36 years to double.
@ 10% it would take 7.2 years (72/10= 7.2)
@ 4% it would take 18 years (72/4= 18)

I think that's right, but don't hold me to it.

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Matt
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Re: Puntersmate Trading Investment

Post by Matt » Sun Mar 03, 2019 6:41 am

That's not right.

At 2% you would make £20 per year, hence 50 years to make £1,000 if you are withdrawing the £20 each year.

If you left the £20 in each year then you would double your money in 36 years.

In maths terms the first example is "simple interest" the second is "compound interest".

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Re: Puntersmate Trading Investment

Post by kenbo » Sun Mar 03, 2019 7:37 am

I did mean compound interest without withdrawing any profits.

Using Col as an example, if he put £3500 in and was getting 4% every month (without withdrawing anything in that time) then he'd have £7000 after 18 months wouldn't he?

My school mathematics have all but deserted me, but would that be 3500 x 1.04 to the power of 18?

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Col
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Re: Puntersmate Trading Investment

Post by Col » Sun Mar 03, 2019 7:39 am

I can't help kenners, I'm hopeless at that sort of thing. {8

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Re: Puntersmate Trading Investment

Post by kenbo » Sun Mar 03, 2019 7:51 am

I've always been the pretty good at everyday adding up, multiplying etc, but when it comes to 'proper' mathematics I'm lost. I've no interest in algebra, or working out what 'X, Z and Z' are. So long as I can work out in my head what a Lucky 15 returns, or how much I've earned that day, then I'm good.

Financial jargon is over my head though!

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Col
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Re: Puntersmate Trading Investment

Post by Col » Sun Mar 03, 2019 7:52 am

So long as I can work out in my head what a Lucky 15 returns,
:thumbs :lol

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harry_rag
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Re: Puntersmate Trading Investment

Post by harry_rag » Sun Mar 03, 2019 10:24 am

You don’t need to be good at maths to locate the post you’re referring to and copy it into here! ;-)
Fruitster wrote:
Sat Jan 26, 2019 11:54 am
While on about interest rates, the mathematical rule is always to divide into 72 and that will give you the number of years (or months even) any investment will take to double in value, 10% PA interest takes 7.2 years, 5% PA interest 14.4 years and so on.

So throw away those calculators, and look clever with your families :thumbs
And;
Fruitster wrote:
Sat Jan 26, 2019 12:06 pm
and when some smart arse says "oh yeah, what about 72% per year, it doesn't double then does it"

You point out that any such return would be monthly, sooooo 6% per month is the added interest, and as we all agree 72 divided by 6 is.....12

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Re: Puntersmate Trading Investment

Post by gawa » Sun Mar 03, 2019 11:44 am

So if we take 4% growth per month as the average (based on February figures) then 72 divided by 4 is 18 months as Kenbo said ...?

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harry_rag
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Re: Puntersmate Trading Investment

Post by harry_rag » Sun Mar 03, 2019 12:20 pm

gawa wrote:
Sun Mar 03, 2019 11:44 am
So if we take 4% growth per month as the average (based on February figures) then 72 divided by 4 is 18 months as Kenbo said ...?
Don't start introducing the concept of averages, that implies different returns every month (which is what we can expect from this investment) and complicates thing further! {8

In terms of "Fruity's Theorem" let's just stick to a fixed rate of interest. Yes, 4% per month would double your money in 18 months if compounded. Just stick 1.04 in a calculator, x 100 and hit = 18 times. You should end up with 202.58, so 18 months to hit a 100% return.

The formula works as a rough guide if we're talking about a varying rate of interest that averages out at 4%, you could get there a bit quicker or a bit slower.

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Re: Puntersmate Trading Investment

Post by kenbo » Sun Mar 03, 2019 1:50 pm

I'd need to learn how to quote someone from one thread, then transfer it to another thread first, H! *,

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Re: Puntersmate Trading Investment

Post by kenbo » Sun Mar 03, 2019 1:54 pm

but would that be 3500 x 1.04 to the power of 18?

Isn't that the same (possibly better ;-) ) as your calculator example?

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harry_rag
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Re: Puntersmate Trading Investment

Post by harry_rag » Sun Mar 03, 2019 8:24 pm

kenbo wrote:
Sun Mar 03, 2019 1:54 pm
but would that be 3500 x 1.04 to the power of 18?

Isn't that the same (possibly better ;-) ) as your calculator example?
It is the same but we haven't all got scientific calculators or the ability to mentally calculate 1.04 to the power of 18! ;-)

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Re: Puntersmate Trading Investment

Post by kenbo » Mon Mar 04, 2019 7:02 am

:lol :lol

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Col
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Re: Puntersmate Trading Investment

Post by Col » Mon Mar 04, 2019 10:08 pm

A very quiet day on the exchange
M - 04/03/2019 - Closed Trade P/L: + 2.33

Running total for March + 4.72

Results with all fees paid
February - + 143.53


Trading Account Live

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Fruitster
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Re: Puntersmate Trading Investment

Post by Fruitster » Tue Mar 05, 2019 9:36 am

Can't believe I've missed this thread, but I have been busy.

I will read the thread but for now I can say this. I have dealt with International Capital Markets Pty Ltd in the past and have found them to be sound. I moved my play across to Betfair forex markets for a time then moved to my own trading with another platform when I decided I wanted to get into some more obscure currency swaps.

My dealings with International Capital Markets Pty Ltd were easy and withdrawal wasn't an issue.

I would put the caveat in that this is an Australian based operation, not covered under the UK FS rules.
The only time losing is more fun than winning is when you’re fighting temptation

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Col
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Re: Puntersmate Trading Investment

Post by Col » Tue Mar 05, 2019 5:44 pm

Well you live and learn. :(
While trying to validate my trading privileges for myfxbook, I accidentally left an order open, and promptly lost £31
Reminder to Col, leave the fcuking thing alone if you don't know what you're doing.

So the balance is going to show a loss today, completely my fault. :(

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charliepie
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Re: Puntersmate Trading Investment

Post by charliepie » Tue Mar 05, 2019 6:30 pm

Ouch, that's gotta sting a bit!

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