Trading the stockmarket (NO Referrals)

Simon · 12 Nov 2020 at 19:22

The taxman is coming for your CGT gains !

sid · 12 Nov 2020 at 19:22

Wow you guys are investing at 10s of k per trade ?? I am up 300% but going long on NIO with just a grand

ninjabib · 12 Nov 2020 at 19:37

I know, awful news! Need to get 20k of profit out and into an ISA

PureAppleJuice · 12 Nov 2020 at 19:39

Ouch! Shame you didn't trade within your ISA wrapper.

Anyone still holding RR?

ninjabib · 12 Nov 2020 at 19:45

Can't use NIO in an ISA sadly.

ninjabib · 12 Nov 2020 at 19:46

sid said:
Wow you guys are investing at 10s of k per trade ?? I am up 300% but going long on NIO with just a grand

Built my positions in 5-10ks. Not all in one go. NIO is my big long term hold.

Spread my other funds out across 6 other stocks.

sid · 12 Nov 2020 at 19:57

ninjabib said:
Built my positions in 5-10ks. Not all in one go. NIO is my big long term hold.

Spread my other funds out across 6 other stocks.

Is this your job or side hustle ?

Trig · 12 Nov 2020 at 19:57

PureAppleJuice said:
Anyone still holding RR?

Yeah, long term for me, same with IAG..

sand_dune · 12 Nov 2020 at 20:16

Just made my first $0.73 on 212 NIO. Looking forward to follow good advice in this thread. Time to splash out on chocolate oaties!

ninjabib · 12 Nov 2020 at 20:37

sid said:
Is this your job or side hustle ?

Bit of both, lumped all my money in here after paying off my mortgage etc and seeing what i come out wiht in 12 months time!

Been at it 10 weeks and 30k+up, most of that is closing deals and building the NIO position though. I want 2000 shares. Hoping for a sell off that drops it down to 40 per share then ill buy 500 more sdhares and leave them for 18 months.

If RR dips another 10% i'll get in there too

englishpremier · 12 Nov 2020 at 21:44

ninjabib said:
Can't use NIO in an ISA sadly.

Did you buy it as a CFD? As I thought CFDs are exempt from capital gains tax also, since like spreads they are basically betting.

Simon · 12 Nov 2020 at 21:58

CFDs are taxable.

ninjabib · 12 Nov 2020 at 22:10

I dont use CFD/Leveraging, just buy/sell what i can afford. I'm not that much of a gambler!

sid · 12 Nov 2020 at 23:08

Than

ninjabib said:
Bit of both, lumped all my money in here after paying off my mortgage etc and seeing what i come out wiht in 12 months time!

Been at it 10 weeks and 30k+up, most of that is closing deals and building the NIO position though. I want 2000 shares. Hoping for a sell off that drops it down to 40 per share then ill buy 500 more sdhares and leave them for 18 months.

If RR dips another 10% i'll get in there too

Thanks Ninja

I've also got into it since July and up a bit but almost all my money is in mutual funds which are long holds, thr small amounts in shares are in a taxable brokerage so hesitant to liquidate positions.

Also in the US, you pay lower tax if asset is held longer than 1 year

ninjabib · 12 Nov 2020 at 23:26

sid said:
Than

Thanks Ninja

I've also got into it since July and up a bit but almost all my money is in mutual funds which are long holds, thr small amounts in shares are in a taxable brokerage so hesitant to liquidate positions.

Also in the US, you pay lower tax if asset is held longer than 1 year

Lower tax sounds good to me. We get about 13k tax free, then 10% upto 45k and then 20% above of anything exrea above 45k.

We can also have a shares/investment ISA which can put 20k a year into and any profit from that 20k is tax free but not all companies are eligible (like NIO)

Overslop · 13 Nov 2020 at 04:43

Anyone know a good way to invest into the ASX as a UK citizen?

dod · 13 Nov 2020 at 11:29

ninjabib said:
Can't use NIO in an ISA sadly.

Doh, just realised why I couldn't find NIO on 212, I've been looking in my ISA account :rolleyes:

ninjabib · 13 Nov 2020 at 12:16

dod said:
Doh, just realised why I couldn't find NIO on 212, I've been looking in my ISA account

Gutted when i found out i couldnt too

Ahleckz · 13 Nov 2020 at 12:30

Li Auto up 30% in pre-market with earnings report being released a few hours ago and whilst they beat expectations they hardly smashed them. But that's 2 of the three who have posted had a huge jump. Nio are releasing next week, it seems to me if they meet expectations (and why wouldn't they?) they'll have an equally good turn.

Still seems a buy to me, albeit it's huge huge huge huge hype so it's a bet.

nam · 13 Nov 2020 at 14:27

Anyone else with H&L , i tried to place NIO today and was told i needed a SIPP can't place in my ISA. The other was for SKIN which i was told can't be done without speaking to Traders first. Double Fail