Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Soldato
No comments about BP? Seem to be raising their dividends and have announced a 1.4bn share buy back scheme.
Hopefully can be the start of them pulling back to where they were.
Hopefully can be the start of them pulling back to where they were.
Soldato
RR is finally back to the price I bought it at 2 months ago. Hopefully this is a continuing be trend for them over the next year or two.
Hope so but the dividend increase of 4 % a year till 2025 isn’t enough to make it back to where it was. after the 10.5c to 5.25c/ share dividend cut last year (now 5.46c) Just need the profits to stay up as 60% will be used to do share buy backs. Looking promising after hitting the debt target early.
potential is there for sure l, especially if they can hit the 8-10% return they are acrimony for on renewables. they go ex dividend on thurs.
Soldato
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I was up a good chunk in RR and accidentally set a stop loss a liiiiittle bit too close to the current price so am currently out, hoping for one more dip down so I can reload lol
Yup, for sure, I did try to mention that albeit only briefly:
"question is how are you going to find them among the others who might have just gotten lucky for a bit or who are hiding behind unrealised losses etc..."
Just to expand on the second aspect mentioned briefly there, that relates to how they account for performance - this might have changed or might vary between the providers but seemed to be the case a few years ago with some of these sites - essentially they report only realised gains and losses so there is or was an obvious scam move in that one of these "top traders", upon having a positon go against them, could simply not close that position so as to not affect their stats - either waiting for it to come back or just hang in there while accumulating whatever kickbacks they get from the site.
Not as far as short term trading is concerned else they'd not be in business. In the very short term - intraday stuff, which mostly involves some form of liquidity provision, you're talking about firms trading with their own capital, they'd simply not exist if they couldn't make money. For longer time frames you have say systematic hedge funds, they're taking positions simultaneously in dozens of instruments knowing that overall they have an edge. Any given individual trade might be close to a coin flip in terms of whether it comes out in profit but overall they profit.
That's the other thing that seems so flawed about anyone purporting to have some great trading signals for trades lasting for a few days, some of the biggest hedgefunds/CTAs on the planet with teams of statisticians are also taking these directional punts in FX, Oil, Equity indices etc.. and plenty of those individual positions will lose money, yet some random punter on the signal service really thinks he's got a serious edge and is able to make money consistently from taking one or two positions at a time, lasting several days, in some of these instruments.
Missing signals or indeed second guessing isn't necessarily the reason you start loosing money tbh... that sort of assumes there is some value in the signal in the first place, which in most cases seems rather doubtful.
Soldato
Full glass situation, decent oil price hope it stays that way and the share price should accumulate. Shell could gain 900p from 14 to 23 ideally, big gap right there i hope it gets filled but who knows.
Oil price struggling is some indicator of world GDP growth not being where it should be. Thats likely a reoccuring theme
Always interesting overview on https://www.malcysblog.com/
GENL seems to have better figures then big oil
PSX I like also with the idea it can handle various oil price levels. ET WMB are other names for gas infrastructure I wish I had bought back a year ago. CNA much disliked ?
Last edited:
Associate
Anyone see that gold and silver flash crash? Wonder whats going on there?
Associate
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Associate
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Loosely Stockmarket related - but does anyone watch any YouTube channels, or call up people that bend the truth to create clickbait videos for profit?
Some are terrible, but I love the way they like to delete comments, yet call out the need for freedom of speech!
Anyhow I am happy the markets are up today, long may that continue
Some are terrible, but I love the way they like to delete comments, yet call out the need for freedom of speech!
Anyhow I am happy the markets are up today, long may that continue
Soldato
- Joined
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Down we go RR, keep dropping
(I did it! I actually sold something at a sensible time; into RR @ 95p back out again at 109p now waiting on a new entry
)
(I did it! I actually sold something at a sensible time; into RR @ 95p back out again at 109p now waiting on a new entry
)I wouldn't bother tbh... I mean these things are all over the place, unfortunately, if you've searched for a brokerage or clicked on anything of this nature you'll get adverts all over facebook, Instagram etc.. with these clowns trying to sell their trading courses etc..
I'll try to point out obvious scams and stuff that is a waste of money + people posting dubious claims etc.. in places like this thread (or the crypto forum) as it is worth countering disinformation, but you can't really change everyone's beliefs - people still believe in homeopathy, chiropractic, astrology etc.. and the same irrational beliefs persist in some areas around trading.
People are fans of subscribing to "gurus", believing things at face value without any credible reason or evidence for those beliefs - the guru said that you should watch for this magic line to cross this one etc.. it's part of his system etc..
In reality, most books aimed at retail traders aren't written by practitioners, most people offering coaching or training courses or selling signals are not and have not been professional traders. Of the few that have they're generally misrepresenting the fact they were just trading at a bank (and not on a prop desk) and what that entailed. Or perhaps they're an ex-floor trader that didn't survive the transition to the screen yet now they're selling their guidance and wisdom... instead of simply making money by trading!
Still, there seems to be plenty of people out there regularly making money by flogging courses, signals, individual coaching etc.. to retail traders. The books and forums & their FAQs/guides are a bit less scammy, even well-intentioned sometimes but are generally of little value too, unfortunately.
That's it in a nutshell. If someone was any good at trading they'd be making money off it, not making a pittance from YouTube videos.
The best way to get professional 'advice' is to buy actively managed funds, and let the actual professional fund managers make the decisions for you.
Soldato
No, i think he means trading bots where they promise ridiculous returns by making investment trades on your behalf by copying others
https://naga.com/trade-with-naga-au...TkB0RM-RQ-9Ecxha93iKqfv6kgNi6S6gaAkVZEALw_wcB
Generally i wouldn't touch it with a barge pole, but i'm sure @jsmoke will move onto his next single lined, no research, topic question soon enough
I mean the bot buys and sells automatically for you, scalping. So you'd set a threshold to buy at and a profit margin to sell at and it's all automated.
Oh I see - absolutely not 
These guys have a massive portfolio - you'd only need to copy of a few of their gambles to bankrupt yourself. I see from the leader board of the one Martyn posted that they are playing with decent money and still only winning 70% of the time. Sods law I would be the 30%
Edit: as suspected, this is one of their leaders:
Average ROI
3.12%
Average Profit Generated
$10,175.26
Edit: It looks like they take their growth stat on a moving average. So the 80% growth for one of their traders is a comeback from losing 90% of it the month before!
These guys have a massive portfolio - you'd only need to copy of a few of their gambles to bankrupt yourself. I see from the leader board of the one Martyn posted that they are playing with decent money and still only winning 70% of the time. Sods law I would be the 30%
Edit: as suspected, this is one of their leaders:
Average ROI
3.12%
Average Profit Generated
$10,175.26
Edit: It looks like they take their growth stat on a moving average. So the 80% growth for one of their traders is a comeback from losing 90% of it the month before!