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Trading the stockmarket (NO Referrals)

Discussion in 'General Discussion' started by mcast123, 2 Apr 2009.

  1. ninjabib

    Wise Guy

    Joined: 16 Apr 2003

    Posts: 1,196

    Location: Black Country

    103% up on NIO. 1500 shares.
     
  2. Simon

    Capodecina

    Joined: 21 Oct 2002

    Posts: 24,121

    Location: Berks / Moscow

    The taxman is coming for your CGT gains ! :(
     
  3. sid

    Soldato

    Joined: 9 Feb 2003

    Posts: 5,183

    Location: London

    Wow you guys are investing at 10s of k per trade ?? I am up 300% but going long on NIO with just a grand
     
  4. ninjabib

    Wise Guy

    Joined: 16 Apr 2003

    Posts: 1,196

    Location: Black Country

    I know, awful news! Need to get 20k of profit out and into an ISA
     
  5. PureAppleJuice

    Wise Guy

    Joined: 18 Dec 2005

    Posts: 1,443

    Location: Londontown

    Ouch! Shame you didn't trade within your ISA wrapper.

    Anyone still holding RR?
     
  6. ninjabib

    Wise Guy

    Joined: 16 Apr 2003

    Posts: 1,196

    Location: Black Country

    Can't use NIO in an ISA sadly.
     
  7. ninjabib

    Wise Guy

    Joined: 16 Apr 2003

    Posts: 1,196

    Location: Black Country


    Built my positions in 5-10ks. Not all in one go. NIO is my big long term hold.

    Spread my other funds out across 6 other stocks.
     
  8. sid

    Soldato

    Joined: 9 Feb 2003

    Posts: 5,183

    Location: London

    Is this your job or side hustle ?
     
  9. Trig

    Mobster

    Joined: 18 Oct 2002

    Posts: 4,742

    Location: Leicestershire

    Yeah, long term for me, same with IAG..
     
  10. sand_dune

    Gangster

    Joined: 5 Oct 2009

    Posts: 483

    Just made my first $0.73 on 212 NIO. Looking forward to follow good advice in this thread. Time to splash out on chocolate oaties!
     
  11. ninjabib

    Wise Guy

    Joined: 16 Apr 2003

    Posts: 1,196

    Location: Black Country


    Bit of both, lumped all my money in here after paying off my mortgage etc and seeing what i come out wiht in 12 months time!

    Been at it 10 weeks and 30k+up, most of that is closing deals and building the NIO position though. I want 2000 shares. Hoping for a sell off that drops it down to 40 per share then ill buy 500 more sdhares and leave them for 18 months.

    If RR dips another 10% i'll get in there too
     
  12. englishpremier

    Sgarrista

    Joined: 15 Feb 2003

    Posts: 8,360

    Location: Europe

    Did you buy it as a CFD? As I thought CFDs are exempt from capital gains tax also, since like spreads they are basically betting.
     
  13. Simon

    Capodecina

    Joined: 21 Oct 2002

    Posts: 24,121

    Location: Berks / Moscow

    CFDs are taxable.
     
  14. ninjabib

    Wise Guy

    Joined: 16 Apr 2003

    Posts: 1,196

    Location: Black Country

    I dont use CFD/Leveraging, just buy/sell what i can afford. I'm not that much of a gambler!
     
  15. sid

    Soldato

    Joined: 9 Feb 2003

    Posts: 5,183

    Location: London

    Than
    Thanks Ninja

    I've also got into it since July and up a bit but almost all my money is in mutual funds which are long holds, thr small amounts in shares are in a taxable brokerage so hesitant to liquidate positions.

    Also in the US, you pay lower tax if asset is held longer than 1 year
     
  16. ninjabib

    Wise Guy

    Joined: 16 Apr 2003

    Posts: 1,196

    Location: Black Country



    Lower tax sounds good to me. We get about 13k tax free, then 10% upto 45k and then 20% above of anything exrea above 45k.

    We can also have a shares/investment ISA which can put 20k a year into and any profit from that 20k is tax free but not all companies are eligible (like NIO)
     
  17. Overslop

    Mobster

    Joined: 22 Oct 2005

    Posts: 4,014

    Location: Thailand

    Anyone know a good way to invest into the ASX as a UK citizen?
     
  18. dod

    Mobster

    Joined: 31 Oct 2002

    Posts: 3,910

    Location: Inverness

    Doh, just realised why I couldn't find NIO on 212, I've been looking in my ISA account :rolleyes:
     
  19. ninjabib

    Wise Guy

    Joined: 16 Apr 2003

    Posts: 1,196

    Location: Black Country

    Gutted when i found out i couldnt too
     
  20. Ahleckz

    Capodecina

    Joined: 7 Nov 2009

    Posts: 18,354

    Location: Glasgow

    Li Auto up 30% in pre-market with earnings report being released a few hours ago and whilst they beat expectations they hardly smashed them. But that's 2 of the three who have posted had a huge jump. Nio are releasing next week, it seems to me if they meet expectations (and why wouldn't they?) they'll have an equally good turn.

    Still seems a buy to me, albeit it's huge huge huge huge hype so it's a bet.