Trading the stockmarket (NO Referrals)

similar with an RBS help group - you had to paid about 2% fee of your total holdings when to potentially get some legal help as a group etc - sounds like a scam to me and the likely chance of proving anything will take years and years.
 
So set up a trading account to dabble in stock trading last week having read the Naked Trader cover to cover on the recommendation of people in this thread. Quite a good read as an introduction as to what on earth is going on particularly with reference to the "Market Makers". My Kainos shares are doing ok. My star performer was TERN into which I invested £700 yesterday. The stock has been on a rollercoaster ever since. It was down 18% this morning and has taken off now closing 37.5% higher than when I bought it yesterday. All from a tip on one of the bulletin boards I frequent. Beginners luck I guess!

I've limited myself to smallish sums of no more than £1000 per stock till I have gotten to grips with what I am doing.
 
I dont think you can really sue a company over shares due to investor risk. If directors lied they go bankrupt etc
Sue a fund for poor management is more like it maybe

Apple and Microsoft will release there numbers, should i get in on this or are they expecting to make a loss?
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Im thinking more long term, 100 or 75 might be nicer entry points. Recently Im told 122 was a critical point and its hands off till dust settles even for high risk traders
Maybe Im dreaming but usually extremes do occur, the hindsight is when that low was just brief pause or disruption to an uptrend ie. apple products add up
No to MSFT unless win10 impresses you particularly :D - a new windows apparently helps hardware sales, is there some share related. Intel not cheap as it once was but I rank that over msft usually


Chesapeake I mentioned years ago is in a flat spin. Terrible share action but so far news does not correlate to recent results. They suspended a dividend but that can be the best option and obviously does not alter a share in itself.
However maybe its getting dumped by income funds, not sure why. They have massive assets owned that outweigh debts, cash on hand makes them liquid and operating a profit though negative in asset value write offs vs oil market price etc.
Who knows how that plays out exactly but its an easier situation on physical assets vs QPP where Im not sure whats occurring now

Beginners luck I guess!
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Take profits along the way usually helps spread risk. Shares can go up just because people think they will

I sold some ATK but hope to buy it lower. The graph itself says its strong and going higher (but down today).
WEIR and PFC I think are worth looking at. Dialight came back a lot recently, a former Naked Trader hold that one, apparently they are all related to oil and gas usage which I didnt think of LED
 
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Kainos went up and I bought more - institutional investors getting in on the act now.

I should have sold my TERN holding early this morning but didn't and it dropped after a brief new high never to recover. It was an AIM market holding and incredibly volatile as had a tiny market CAP. I was up £400 on a £600 investment at one point before it tanked. Lesson learnt. Don't get greedy and realise gains every now and then! Will be focusing on long term growth from now on backed up by good research.
 
Loving the Naked Trader book so far. Got it free too, there's a link on MSE for it, third revision. Google it if you want it, definitely worth a read.
 
anything I don't mind said:
I am starting to get more serious about investing now that I am almost out of debt. Been reading books on it. Any book suggestions for long term investing rather than speculating/day trading?
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yup

Intelligent Investor by Benjamin Graham is the classic one

also take a look at: The Essays of Warren Buffett

William J O'Neil and Peter Lynch's books are worth a look too

you might also be interested in this blog:

https://woodfordfunds.com/blog/

Forget about the naked trader nonsense...
 
anything I don't mind said:
I am starting to get more serious about investing now that I am almost out of debt. Been reading books on it. Any book suggestions for long term investing rather than speculating/day trading?
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As he previous guy said, those book recommendations are good. Naked Trader is also good for the basics.

Investing and making money at it is easy, all you need is a level unemotional head and patience. Unfortunately these are two attributes that most human struggle with, hence why people end up loosing money on the markets.

Previous poster trading TERN - 'rollercoaster' 'bulletin board tip' beginners luck' these are all major warning signs, that's not investing, that's gambling.
 
He is a trader so its hard to replicate his talent but he does talk about various balance sheet ratios.
He has some shares for years to be fair but only a couple afaik

CHK rising today very strongly, overall I'd rank it neutral vs its great fall yesterday. Natural gas up 1% or so, oil down a bit
 
Diddums said:
Why?
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well mostly because he's interested in long term investing

But in general I don't think it is particularly useful, maybe it does fill a void , but if you're really interested in the basics then the FT has a couple of books that cover that. There are also plenty of free resources out there - as far as short term trading is concerned most of what is aimed at retail traders is garbage whether free or paid for - the standard line is that if you're not doing well it is down to 'psychology' or 'money management' rather than simply not having an edge in the first place because actually finding one for short term trading is much harder than the authors selling to that market will have you believe.
 
The FT publications are great. However the NT book is great for a very basic beginners guide to how things work. And point out the simple mistakes such as why placing small trades eg £700 will hurt in the long run (spreads, stamp, commission).
 
tintin82 said:
Previous poster trading TERN - 'rollercoaster' 'bulletin board tip' beginners luck' these are all major warning signs, that's not investing, that's gambling.
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Yes it was a mistake albeit with a reasonably small amount of cash I could afford to lose! An experiment not to be repeated though. I am not a gambler by nature but gave too much weight to bulletin board chat over my own research in that case. It was a good lesson learnt.

Sticking to fundamentals in future with investments I understand having researched them. Those holdings I have including KAINOS and BVS are doing ok to date.
 
dowie said:
well mostly because he's interested in long term investing

But in general I don't think it is particularly useful, maybe it does fill a void , but if you're really interested in the basics then the FT has a couple of books that cover that. There are also plenty of free resources out there - as far as short term trading is concerned most of what is aimed at retail traders is garbage whether free or paid for - the standard line is that if you're not doing well it is down to 'psychology' or 'money management' rather than simply not having an edge in the first place because actually finding one for short term trading is much harder than the authors selling to that market will have you believe.
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Fairy's muff, some valid points. I'm still enjoying it though, if anything it's helping me break down this mental barrier that you need a phd in maths and analytics to invest. Not that I'm trivializing it, it's just that shares are much easier to invest in than I would've thought. I've got a few more books on my list which I need to read but this is a great ice breaker.
 
The_Baron said:
Yes it was a mistake albeit with a reasonably small amount of cash I could afford to lose! An experiment not to be repeated though. I am not a gambler by nature but gave too much weight to bulletin board chat over my own research in that case. It was a good lesson learnt.

Sticking to fundamentals in future with investments I understand having researched them. Those holdings I have including KAINOS and BVS are doing ok to date.
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Good to hear! Seriously, this is what makes a better investor, learning from your mistakes and making better decisions. Best to make those mistakes with small amounts early on, than with big amounts later on.

For me personally, I read all the books, knew all the mistakes to make... and went on and made them myself! I think you only really learn from experience, and it takes the loss of hard cash to make you a better investor.

In one of the early years of investing I lost around a 1/3 of my entire portfolio, this was over 4 figures. I make text book mistakes, combined also with a real genuine dose of bad luck. I felt like binning the lot and giving up, glad I didn't, as I recovered all those losses within 18 months.

You will make mistakes, they are made to learnt from. Good luck.
 
How investing goes :o

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Feels like today might be a good day to topup on some AAPL, surely can't slide much lower. Grabbed some DIS for $105 earlier confident that will do well over next 3 years. Hoping GOOG do a split soon so I can top up aswell.

Still pretty happy with my NFLX, bought 348.20 now sitting at (equiv) 859.18!
 
negative longer term but maybe an entry short term, neutral. I can wait for 100 at least I think though apple generally seems a smart choice so long as their products remain in demand, competetive. Tech is a popular sector and the shares are apparently cheap compared to others for their profitability but i wonder why they dont just take off upwards

I took far more risk with CHK though I really think they are ok on solid asset worth though profitability is a worry
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Anyone use ADVFN?

This Naked Trader chap seems to like it quite a bit, don't even know what alternatives there are yet. Worth it? Something else worth looking at?
 
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