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Trading the stockmarket (NO Referrals)

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

  1. dLockers

    Mobster

    Joined: 21 Jan 2010

    Posts: 2,908

    Trading 212 is typically the right answer to this but I imagine a lot of people are pretty hacked off at them right now to recommend.
     
  2. DarrenM343

    Soldato

    Joined: 19 Oct 2008

    Posts: 5,495

    Going to be an interesting year I think. I can see a case for a repeat of the roaring 20's as we come out of COVID but also possibly the beginning of a multi-year bear market, even a depression.
    The current market valuations and market participants makes me more concerned of a top.
     
  3. 413x

    Capodecina

    Joined: 13 Jan 2010

    Posts: 21,838

    Location: Llaneirwg

    Anyone who gets in now has a coin toss chance of making something.

    Still believe as it is overvalued its more likely to continue its decent. But a bumpy ride will ensue
     
  4. Trig

    Mobster

    Joined: 18 Oct 2002

    Posts: 4,519

    Location: Leicestershire

    Oh lol, just had a 30 minute call and by the time I had done my GME had gone from 70%+ to -40%...
    Well I ain’t selling at a loss so, diamond hands is it they say lol
     
  5. Diddums

    Capodecina

    Joined: 24 Oct 2012

    Posts: 20,581

    Location: London

    It's amazing seeing how the human psyche works. Anyone involved in this knows the risks and what the potential is yet does it anyway and then it's all drama when it goes pop. It's gambling, pure and simple. Someone in this thread is even saying that he's using money that was meant for his house, like wtf :confused: :(

    I do hope that RH and 212 go bust for this though, there's no excusing their behaviour.
     
  6. Ahleckz

    Capodecina

    Joined: 7 Nov 2009

    Posts: 18,183

    Location: Glasgow

    Back she comes! Choochoo!
     
  7. Simon

    Capodecina

    Joined: 21 Oct 2002

    Posts: 23,924

    Location: Berks / Moscow

    Dead cat
     
  8. Pudney

    Soldato

    Joined: 6 Sep 2005

    Posts: 5,763

    Location: Essex

    I wouldn't check out the current price of GME if I were you then!
     
  9. Sharkhouse

    Gangster

    Joined: 19 Aug 2020

    Posts: 131

    Location: Bristol

    If you're truly risk averse then you need 2 things.
    1 - Google
    2 - A notebook to write it (I guess a pen brings us to 3)

    Make a grid stating:
    1- name of stock
    2- the amount you want
    3- the cost per share
    4 - the date
    5 - If first buy: why you want the stock. What does the company do that makes you believe in them. What innovations do they have that are being overlooked?
    - If selling: what has changed making you want to sell.

    for 6 months you should follow this notebook putting in the new info once a week and tracking your virtual losses and gains.
    Through this you will learn to not take silly risks (GME etc), how to be patient, exactly which stock you want.

    Then after 6 months cut your choices down to 2 and no more. buy those two stocks with money you are willing to lose. Imagine its already gone, you've spent it on the upcoming learning experience and nothing more. Now sign a contract to your future self saying you wont be an idiot. Hold that stock for at least 6 months, only selling when high and buying in every month the same amount.

    whilst you're waiting read the intelligent investor and learn the importance of the patient investor.
     
  10. GravyMonster

    Capodecina

    Joined: 18 Oct 2002

    Posts: 14,400

    Location: The land of milk & beans

    100%
     
  11. Sharkhouse

    Gangster

    Joined: 19 Aug 2020

    Posts: 131

    Location: Bristol

    It's clearing. Can take 2 weeks to clear. I hope it works out for you mate.
     
  12. booyaka

    Capodecina

    Joined: 19 Jan 2006

    Posts: 13,626

    stopped again on the way up

    lol
     
  13. 413x

    Capodecina

    Joined: 13 Jan 2010

    Posts: 21,838

    Location: Llaneirwg

    Yep. One of the dead cats that drags fomoers back in

    They already lose.
    Sell. See it going back up. Buy in, it drops again and they lose some more
     
  14. Theophany

    Perma Banned

    Joined: 1 Sep 2010

    Posts: 11,227

    Location: Bell End, Worcestershire

  15. Kreeeee

    Man of Honour

    Joined: 13 Jul 2004

    Posts: 43,170

    Location: /* */

    Well there’s the more than predictable dump after the enormous pump. I wonder where it goes from here.
     
  16. Kenai

    Capodecina

    Joined: 5 Apr 2009

    Posts: 20,755

    Thanks gents, food for thought.

    Obviously when I say risk averse, i'm talking in relative terms, as to be truly risk averse would mean I wouldn't even be thinking about it, just dumping money in cash ISAs and premium bonds (though I think they recently got gimped pretty hard)
     
  17. billysielu

    Capodecina

    Joined: 9 Aug 2009

    Posts: 12,113

    Location: Oxfordshire

  18. Casdawer

    Mobster

    Joined: 14 May 2009

    Posts: 3,887

    Location: Hampshire

    Yep! Seen it!

    It's a bloody joke TBH but I've not made a loss so I've just been in it for the ride.

    It's just frustrating that I was up almost £4k and now have nothing.

    I have my 50 AMC shares so will keep those and see what happens.
     
  19. mid_gen

    Capodecina

    Joined: 20 Dec 2004

    Posts: 11,104

    People wondering why their stop losses are getting filled well below their limit. So many newbs getting burned.
     
  20. Ahleckz

    Capodecina

    Joined: 7 Nov 2009

    Posts: 18,183

    Location: Glasgow

    ACh, we will see what happens!

    Right,I have *so* many emails to catch up on. I forgot I had a job!