Trading the stockmarket (NO Referrals)

seems pretty dubious either way, I'd close the account tbh...

interactive brokers would likely be a better option IMO

or possibly degiro
 
I've got 'The Naked Trader' by Robbie Burns and 'How to Make Money in Stocks' by William O'Neil, any recommendations on which to read first?
 
Elixir said:
I've got 'The Naked Trader' by Robbie Burns and 'How to Make Money in Stocks' by William O'Neil, any recommendations on which to read first?
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I have only read NT. It is pretty good, very basic. Nothing beats learning from your own mistakes though. Those are the lessons you never forget!
 
tintin82 said:
I have only read NT. It is pretty good, very basic. Nothing beats learning from your own mistakes though. Those are the lessons you never forget!
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I'm sure I will, but I need to learn how to make those mistakes first! :D NT seems more entry level and is probably an easier read based on the first few pages of each, so I'll start with that. Intending to read both of them anyway.
 
Elixir said:
I'm sure I will, but I need to learn how to make those mistakes first! :D NT seems more entry level and is probably an easier read based on the first few pages of each, so I'll start with that. Intending to read both of them anyway.
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Good luck! My best advice would be to read thoroughly, understand the basics, eg know what the spread is blah blah. Research your investments, try to leave no stone unturned. Write down why you are buying a share, and when you will sell if thing go bad or good. Stick to your initial plan and that removes the emotion from the equation. Emotion will make you crap at investing :) Trust me!
 
I'm thinking of putting some cash into tracker funds, passive investing. Would it be better to stick, for example, 10k in two different funds, or 20k into one fund?
Or, 15k with an ISA wrapper and increase it to 20k next year?
 
P.s anyone in options trading? Bit of a departure from where im atm, but a client recommended me the role. Seems pretty interesting and the renumeration is okay as well.

Any one got any opinions on this as a career?
 
Uther said:
I'm thinking of putting some cash into tracker funds, passive investing. Would it be better to stick, for example, 10k in two different funds, or 20k into one fund?
Or, 15k with an ISA wrapper and increase it to 20k next year?
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I'd max out your ISA using a Stocks and Shares account (e.g. HL). If it were me I'd take a look at "lazy portfolios" for the UK; for example:

http://monevator.com/9-lazy-portfolios-for-uk-passive-investors-2010/

http://monevator.com/asset-allocation-types/
 
I didn't like the NT because it was very casual, and had a bit too much fluff. I think it was written this way to keep people interested as they read it, but I prefer dry investment books.

If you have it already it's worth a read.
 
sports_brah said:
P.s anyone in options trading? Bit of a departure from where im atm, but a client recommended me the role. Seems pretty interesting and the renumeration is okay as well.

Any one got any opinions on this as a career?
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can be a bit hit and miss - are you talking about one of the options market making firms in London/Amsterdam? Generally you'll have a few rounds of interviews involving a bunch of different tests - you'll need to be quite quick with mental maths i.e. can you do something like 0.73 * 256 in your head within a few seconds, under pressure, in an interview. They'll want you to have at least a basic understanding of options too.

I was at a futures trading firm then interviewed at an options market maker, got through all the various stages and fluffed up the last interview - just didn't get on with the senior trader.

Do be aware that lots of those firms are hiring all year round - they have thousands of applicants, once they've filtered them through the crude and rather competitive testing then most of them will only last a year or two anyway... having said that if you do last at those sorts of places for a few years then you can do rather well for yourself. If you don't last then some trading experience is useful to have on your CV anyway.
 
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