J Pow speaking at 7pm. I honestly reckon their forward modeling will be horrendous (how can it not be?). How much of this expected is anyone's guess. SNP at 3200 during a global pandemic is bonkers - I know the markets don't reflect the economy etc but is this the biggest gap between those two metrics in history?! Interesting times...gold stable at $1700 is also pretty mad.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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Which moves did you make?
Broadly speaking, I started off calm and confident, panicked right at the bottom and mostly sold out. I should probably read the wiki page on 'money supply' to work out what the hell just happened.
I've been trading tesla for ever, and got totally burnt there too, so all in all a humbling experience
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I appreciated your comments too, so play stay.
Soldato
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Thanks for that. Surprised it took them this long. I always thought they had one.
@Skeptic I'm another who enjoys your posts, please keep them coming.
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Cheers folks, will do.
@chorse I think it was the pace and severity of the drops which took investors by surprise. Best seen as a temporary setback as painful as that is.
I'm looking at a couple of other companies which I think are mispriced. Very risky, short term, but perhaps longer term winners. Meggitt, for instance, seems to scream bargain but these are uncertain times.
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Please bare with me - just had a thought and its still quite early.
Is there a site with a list of places where its cheaper to buy stocks on certain markets? What I am thinking is trying to work out what the minimum amount would be to launch my own dummy fund portfolio of say 20-30 stocks.
So say for example, convert currencies using Revolut, and then use it for US stocks, and then a combination of EToro/Trading212 and a mix of others each in different currencies for the rest?
Any view on what the minimum amount would be for costs to be viable - I'm thinking it might be rather low, given a lot of places now offer commission free trading, so the costs should really just be priced into the spread, although you might take a hit from best execution as well.
Is there a site with a list of places where its cheaper to buy stocks on certain markets? What I am thinking is trying to work out what the minimum amount would be to launch my own dummy fund portfolio of say 20-30 stocks.
So say for example, convert currencies using Revolut, and then use it for US stocks, and then a combination of EToro/Trading212 and a mix of others each in different currencies for the rest?
Any view on what the minimum amount would be for costs to be viable - I'm thinking it might be rather low, given a lot of places now offer commission free trading, so the costs should really just be priced into the spread, although you might take a hit from best execution as well.
When do you decide to cut your loses.
I’m deep in DAL, AIRBUS - now -15% and -13%! My gut is saying just hold them a wait for it to recover.
I’m about £400 down now from my original investment. I don’t need it so happy to leave it in. But I also don’t want to end up out completely!
DAL already showing another -6% per market too
I’m deep in DAL, AIRBUS - now -15% and -13%! My gut is saying just hold them a wait for it to recover.
I’m about £400 down now from my original investment. I don’t need it so happy to leave it in. But I also don’t want to end up out completely!
DAL already showing another -6% per market too
Interesting post Skeptic, just had a look at Meggitt myself and it certainly does appear to have resisted the dam-busting recovery of other stocks, suggesting now may still be a good time to enter. Will be adding to my watch list, thank you!
To me, you answered your own question. If you don't need it, why sell and confirm a loss?
My paper gains have become paper losses for all apart from IAG (right now still up). I'm confident it will recover, I brought on the basis of a long term hold - so these early shoots were not fully expected.
Looks like the recent rally is over.
I want to buy wizzair and Greggs. Unsure if I should bite now or wait for further falls.
What do people predict for tomorrow and next week? Continuing down or back up?
Many on here are keen on IAG. Stockopedia and all the ‘analysis’ sites put wizzair down as a better buy. Why IAG folks?
I want to buy wizzair and Greggs. Unsure if I should bite now or wait for further falls.
What do people predict for tomorrow and next week? Continuing down or back up?
Many on here are keen on IAG. Stockopedia and all the ‘analysis’ sites put wizzair down as a better buy. Why IAG folks?
I’m in Greggs - I expect a flurry of excitement next week when they open 800 stores. Think they will nail the socially distant queuing etc, and the social media hype is real. I think there will be a spike, which I may sell in to, but perhaps not as I think GRG is a safe bet long-term. Their balance sheet is good, too. While this lockdown has been less than optimal for them, I think they are well positioned to profit. Even if there’s a depression, I think people will still pay £1 for a sausage roll or whatever. What other competitors are there at this price point?
For full disclosure, I’m overweight there (10% ish of portfolio) so may be biased.
For full disclosure, I’m overweight there (10% ish of portfolio) so may be biased.
Full disclosure on IAG & Easy also - I'm too much of a fan boy.
I'm sure there could better buy's - if I had trusted my gut and brought off my own watch list, I would be laughing! (one of them was Amazon, Domino's & see my earlier posts on Zoom)
The way I see it is that IAG have the size and money to ride the storm. Their proposed acquisition announcements confirm this. Due to this, I feel they are currently under valued and in time will recover.
I'm sure there could better buy's - if I had trusted my gut and brought off my own watch list, I would be laughing! (one of them was Amazon, Domino's & see my earlier posts on Zoom)
The way I see it is that IAG have the size and money to ride the storm. Their proposed acquisition announcements confirm this. Due to this, I feel they are currently under valued and in time will recover.
If anybody is interested in why I think CAML has such a good future ahead, take a look at this link: https://t.co/njB33rYKaE?amp=1
They have maintained production and sales throughout COVID - fully expecting the dividend to be reinstated should this continue to be the case. If not, they’ll have paid down more debt which is never a bad thing.
I think the future for copper is very bright, and these are one of the lowest cost producers around. Very pleased I am a shareholder here. I think they are very favourably positioned - but they are tied to copper price.
They have maintained production and sales throughout COVID - fully expecting the dividend to be reinstated should this continue to be the case. If not, they’ll have paid down more debt which is never a bad thing.
I think the future for copper is very bright, and these are one of the lowest cost producers around. Very pleased I am a shareholder here. I think they are very favourably positioned - but they are tied to copper price.
What does their future hold? If they're fluctuating on current volatility I wouldn't be inclined to sell but it depends on the length you intended to hold initially... I've had holdings that swing in and out of profit before selling up.
Not sure, could say the same for the drops at the end of April and middle of may... hard to say whether this is part & parcel or a minor correction.
I don't expect the previous pace upwards to continue though in favour of stagnating around this area for a while as more and more news hits.
I pulled everything this morning. 
I am up overall since I started so no losses as such. Had to hold my hand up and decide I may have got a little carried away. I had a little too much than I'd originally wanted to invest in play and I got the jitters over the last 2 days.
My thinking is that, being with IG, each trade is £3. I'd rather pay the selling fee per share then hold on and watch everything continue to fall. I'm a bit vague on stamp duty costs etc so would be interested to hear the views of more seasoned investors why my move was a good/bad idea. I do have the feeling I'm probably making all the noob mistakes of a new investor.
I have been using IG but Trading212 has been suggested to me as they have no commissions on trades - I've had a look at them but it's not completely clear what their costs actually are.
Finally, I was always aware that my investments were not within an ISA - for all sorts of reasons. I've decided I will go back in via an ISA (either IG or Trading 212) but with less money in the game and a more reasoned approach to purchases.
I am up overall since I started so no losses as such. Had to hold my hand up and decide I may have got a little carried away. I had a little too much than I'd originally wanted to invest in play and I got the jitters over the last 2 days.
My thinking is that, being with IG, each trade is £3. I'd rather pay the selling fee per share then hold on and watch everything continue to fall. I'm a bit vague on stamp duty costs etc so would be interested to hear the views of more seasoned investors why my move was a good/bad idea. I do have the feeling I'm probably making all the noob mistakes of a new investor.
I have been using IG but Trading212 has been suggested to me as they have no commissions on trades - I've had a look at them but it's not completely clear what their costs actually are.
Finally, I was always aware that my investments were not within an ISA - for all sorts of reasons. I've decided I will go back in via an ISA (either IG or Trading 212) but with less money in the game and a more reasoned approach to purchases.