Trading the stockmarket (NO Referrals)

I would be very careful with day trading. As even pointed out on wikipedia there has been no Warren Buffet of day trading been known yet. I prefer a strategy as described on the blog "early retirement extreme": Depending on your lifestyle save an amount of e.g. 150 thousand pounds and invest it in several index funds in order to achieve an average annual yield of 15 to 20 percent to live on.
 
FreeThinker said:
I would be very careful with day trading. As even pointed out on wikipedia there has been no Warren Buffet of day trading been known yet.
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not true - Jesse Livermore was around long before Buffet and built his fortune from scratch starting out day trading in a bucket shop - would be worth over a billion today

it is true that that sort of speculation is inherently risky but there have been plenty of other big successful traders who have made very large sums with short term directional bets

George Soros, Paul Tudor Jones, Joe Lewis... all billionaires
 
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Re Naked Trader. I have read countless books on investing right from NT up to books on accounting standards and practices.
NT is great for a very basic entry level, assuming you know nothing about the stock market. Yes, there is loads of 'fluff', but it would do the job of appealing and educating someone with the most minimal of knowledge. The FT guides are good also, certainly less 'fluffy'.
 
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Yeah a few chapters in and I can see what you mean, it has a fairly significant biography and comedy focus to it. A fairly good read so far though, I'll just use it as a soft introduction before moving on to more technical stuff.
 
Finally a decent advantage to being a privatised company, not sure it helps RMG profits or not but I imagine they would be well compensated for it

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NT is for absolute beginners, the main criticism is probably he has a lot of natural talent and the book wont give you his unique perspective on risk vs profit. He does seminars that might be more of a thing to gain a real advantage. For somehow whose never read up before, I think its a good book
George Soros, Paul Tudor Jones
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I think they work around investment considerations even if they are speculating with great timing. Most should be within the investment on a longer time frame. Livermoore was the richest man while shorting '29 crash but also went bankrupt twice, always take profits is the best lesson imo

Forced to sell Dragon Oil as it was just too good a company apparently even at $40 oil, it got bought out. Oil rising quite strong for the moment
BP's problems which uk's own warren buffet seems to agree with http://www.morningstar.co.uk/uk/news/142139/bp-faces-challenges-as-oil-reserves-fall.aspx
 
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I've just registered my trading account. Going to invest 10,000 usd in vanguard ETFs and see how I get on. I'll use this as my main pension fund.

Does anyone know any ETFs or companies specialising in Iran, my friend made an absolute fortune investing in Sri Lanka after the war and I guess Iran could be the same
 
silversurfer said:
Oil rising quite strong for the moment
BP's problems which uk's own warren buffet seems to agree with http://www.morningstar.co.uk/uk/news/142139/bp-faces-challenges-as-oil-reserves-fall.aspx
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Going to be a painful couple of months as reserves booking season is upon us. We could see BP/Shell reducing reserve levels by quite a large amount as reserves are booked on the basis of economically recoverable oil. Naturally this volume is quite a bit higher at $100/bbl compared to $45/bbl!
 
My latest trades after a year and half of learning. Hopefully getting quite consistent now. I do intraday trading. In and out.

Past month and half. Just hard to get time to focus on it as I need to be on early shifts to catch the U.S markets.

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Dave said:
Going to be a painful couple of months as reserves booking season is upon us. We could see BP/Shell reducing reserve levels by quite a large amount as reserves are booked on the basis of economically recoverable oil. Naturally this volume is quite a bit higher at $100/bbl compared to $45/bbl!
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Their business plans will be based on a higher oil price though, probably around $70.
 
Elixir said:
Their business plans will be based on a higher oil price though, probably around $70.
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Yes and no - booked reserves from last year would have been benchmarked at ~$80 and possibly higher. One region has said that all future well plans and booked reserves are essentially going to be written off this year!
 
Irish_Tom said:
Looking good. How do you select your shares?
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Some of the key things I tend to follow.

From day to day following the momentum, so if U.S stocks are down then I will look to short (sell) for that day.

Looking for stocks that have a down sloping moving average 40/200 day. Bad Earnings per share. Opposite if U.S stocks are up.

Being strict and setting stop limits. So I will close no matter what if I'm losing 2%.
 
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sityeuropa said:
My latest trades after a year and half of learning. Hopefully getting quite consistent now. I do intraday trading. In and out.

Past month and half. Just hard to get time to focus on it as I need to be on early shifts to catch the U.S markets.

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Which company are you using for this please?
 
Had my interview for the options trading. Was quite difficult but had a good repore. Fairly certain its mine if I want it.

Not sure if its for me though. Hmm decisions decisions.
 
Nice to have options :p

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MarketsTicker ‏@MarketsTicker 13m13 minutes ago
Oil extends gains after EIA reports 1.9 million-barrel fall in crude supplies http://on.mktw.net/1L5WpdX
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Japan a big leader in QE, FED and their 'easy policy' arent the only players in the game. Its a tug of war with everybody leaning in :o

WEIR leaves the FT100 but FT250 usually the better index for growth afaik and they still got service contracts and cashflow I believe.
Took some CEY before div and its gone up so far, heres my [*] for gold actually rising in volatility like it should. No debt and profitable operation, only minus is military junta :o
 
What annual yield would you think is realistic in the long run? I would say if you achieve in the long run an average annual yield of 10 to 15 percent than you are a very successful trader or to use a word I feel more comfortable with: investor. The best investment vehicle according to my knowledge are index funds. If you go to http://www.morningstar.co.uk/uk/fundquickrank/default.aspx and click on performance you find the best performing funds in the UK and other countries.
One of the best performing funds of the last 3 years according to that morningstar database is: AXA Framlington Biotech Fund GBP Z Acc. Downsides: Minimum investment 100k and yearly charge 1.84 percent.
 
FreeThinker said:
What annual yield would you think is realistic in the long run? I would say if you achieve in the long run an average annual yield of 10 to 15 percent than you are a very successful trader or to use a word I feel more comfortable with: investor. The best investment vehicle according to my knowledge are index funds. If you go to http://www.morningstar.co.uk/uk/fundquickrank/default.aspx and click on performance you find the best performing funds in the UK and other countries.
One of the best performing funds of the last 3 years according to that morningstar database is: AXA Framlington Biotech Fund GBP Z Acc. Downsides: Minimum investment 100k and yearly charge 1.84 percent.
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Many brokers in the blurb say you need a min investment of £100k but it doesn't apply to all brokers. I hold the Axa framlington biotech fund and only have a few £k in it
 
Minimum investment 100k
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I think that would vary on the broker. Often there is a fund with more then one class to it, so yea min 100k for this fee rate but maybe 1k min on another broker, another class type, same fund but possibly a bit higher cost.

3% yield especially after inflation and fees would be good on average thick and thin. 15% is fantasy yield that Buffet gets and recently he doesnt afaik. He provided cover for the SP500 index on its lows and its about triple now even after falls, hell of a bet (option) and his call for was billions

Market rises in late USA trading as Yellen will speak soon apparently. Which means it can all reverse back down, speculation calls off the shorts

http://www.marketwatch.com/story/the-sp-500-index-is-not-your-buddy-2015-01-14
 
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