Trading the stockmarket (NO Referrals)

Trig · 23 Nov 2020 at 14:19

Russinating said:
Quite a lot apparently!

Wanna go into more detail there, as you're missing a lot

englishpremier · 23 Nov 2020 at 14:46

T212 has made a mess of the bed again. Typical.

sid · 23 Nov 2020 at 18:26

BLNK and XPEV are flying today !

Russinating · 23 Nov 2020 at 18:54

Trig said:
Wanna go into more detail there, as you're missing a lot

Not really to be honest, it takes a while and I get the impression you don't really care.

The homeless guy above using CFDs suddenly reminded me of that scene in The Big Short; "why are they confessing?"

inferno · 23 Nov 2020 at 19:30

Anyone invested in the SPAC for arrival, the British EV bus and truck maker? Will the shares in CIIG turn into arrival next year?

Diddums · 23 Nov 2020 at 19:47

I'm staying far and wide from anything EV related that isn't actual real stuff for all to see. It's literally all just vapourware at this point.

Krono5 · 23 Nov 2020 at 20:56

Diddums said:
I'm staying far and wide from anything EV related that isn't actual real stuff for all to see. It's literally all just vapourware at this point.

Agreed. Companies like Nikola and FUV will never realize their current value. Just sold XPEV @ $70 as it's surely in for a correction soon. Despite being one of the good ones with actual long term prospects the hype is insane.

Trig · 23 Nov 2020 at 22:38

Russinating said:
Not really to be honest, it takes a while and I get the impression you don't really care.

I don't care in so far as all of my shares could go to 0, but I care in as far as if you know something that I don't then I'm all about learning stuff, and if it helps others on the thread here, then, as I said, share the love, there's certainly enough winnings to go around...

Trig · 23 Nov 2020 at 22:44

Diddums said:
I'm staying far and wide from anything EV related that isn't actual real stuff for all to see. It's literally all just vapourware at this point.

I get the comments about EV stuff and vaporware, but its coming, so if you're in for long term then you want to be looking at mining companies, battery tech companies and so on..

While the majority of my shares are in AML, RR and IAG, I also have GGP and UFO, and I am looking at FSR, NKLA, NGA, GIK, FIII and SOLO..

So yeah, maybe some of its vaporware but if you can get in on 212 or somewhere with decent fee's then making a quick buck on a punt here and there, especially if you're lucky enough to still be working, but arent spending money on going out its worth a hundred quid or whatever you can class as a trivial throwaway amount to stick into something like this and see where it takes you..

englishpremier · 24 Nov 2020 at 13:02

Very strange thing happened today.

I bought 1000 of XRP/Ripple at 0.4310. I did want to buy more but the laws around Crypto as CFDs changed and Trading 212 implemented them shortly after me buying in.

As the price rose above the 0.5, I set a stop loss slightly higher than my initial purchase price 0.4350.

At 02:48 they changed their margin requirements form 50% to 100% citing volatility.

At 06:25 they closed my positing at 0.4020 saying the stop loss kicked in.

The thing is at 06:25 the XRP was trading at 0.5456

Checking other charts around confirms that is never dropped below 0.5 during this period. So I'm at a loss as to how they closed it at 0.4020. The only thing that would come to mind is a huge spread. Really huge.

*All times GMT -4

EDIT:

Interestingly, you can't trade NIO CFDs anymore

uncle_rufus · 24 Nov 2020 at 13:14

Wrong thread? This is for real investments not scams

englishpremier · 24 Nov 2020 at 13:43

uncle_rufus said:
Wrong thread? This is for real investments not scams

Fair point.

I'll only discuss my ISA, Invest account, and SIPP.

silversurfer · 24 Nov 2020 at 16:56

Reminds me of a case a few years back worth repeating of some unknown trader who took cans and bottles to recycle and invested the cash, not the usual path to riches but apparently he was a millionaire (and never used any of his capital especially). I forget the proper detail but he took a lot of risk and detail in commodities and small stocks I think, most of us cant do that regularly and compound gains.

https://www.dailyrecord.co.uk/news/uk-world-news/tramp-who-collected-tin-cans-1054743
https://www.express.co.uk/news/weird/166170/Tramp-gets-1m-from-recycling-old-cans
https://dividendrealestate.com/average/

I noticed junior gold minors tripled from March to the peak and are likely to fall till gold stabilizes in its pricing. The vaccine is no reason really as we are seeing dilution of the dollar but profit taking and pullbacks is fair I guess. I see stocks with 8% yield that can pay it on no debt, still risky of course and the main argument relies on 2011 era being over with.

maybe 120 a pivotal price for RR

willhub · 24 Nov 2020 at 21:06

If I invested say 1k of money in Barclays at somewhere around start of lockdown I'd have doubled it by now based on the stock price?

DarrenM343 · 24 Nov 2020 at 21:19

willhub said:
If I invested say 1k of money in Barclays at somewhere around start of lockdown I'd have doubled it by now based on the stock price?

Yep, but most wouldn't have. Most were too busy selling and panicking.
For the current time, I'd not personally buy Barclays right now. Would have paid off well to date since the low but I've seen some pretty dire stuff around banks, albeit notably the EU banks but also UK ones too. So far things have been okay. For me, I'd want to see a convincing move over about 170 from here

willhub · 24 Nov 2020 at 21:31

DarrenM343 said:
Yep, but most wouldn't have. Most were too busy selling and panicking.
For the current time, I'd not personally buy Barclays right now. Would have paid off well to date since the low but I've seen some pretty dire stuff around banks, albeit notably the EU banks but also UK ones too. So far things have been okay. For me, I'd want to see a convincing move over about 170 from here

Can't be that easy though, stick it beginning of lockdown and withdraw now, there would be a minimum period ?

DarrenM343 · 24 Nov 2020 at 21:43

willhub said:
Can't be that easy though, stick it beginning of lockdown and withdraw now, there would be a minimum period ?

No minimum period. Can buy and sell when you want and even tax free if inside an ISA. Just a broker fee to pay when buying & selling and stamp duty when buying only.
Outside of an ISA you would just have to keep an eye on capital gains but the allowance is pretty decent and any income you received (dividends) you'd have to pay tax on

willhub · 24 Nov 2020 at 21:45

DarrenM343 said:
No minimum period. Can buy and sell when you want and even tax free if inside an ISA. Just a broker fee to pay when buying & selling and stamp duty when buying only.

Seems kind of easy, but it can't be easy as everyone would be doing it, I haven't done anything stocks or shares related but it's something that's crossed the mind as I want to make more money.

DarrenM343 · 24 Nov 2020 at 22:14

willhub said:
Seems kind of easy, but it can't be easy as everyone would be doing it, I haven't done anything stocks or shares related but it's something that's crossed the mind as I want to make more money.

It's definitely not easy but investing for the long term kind of is. Trying to make short term gains (trading) to make money is much more risky with a higher degree of failure.

Skillmister · 24 Nov 2020 at 22:23

willhub said:
Seems kind of easy, but it can't be easy as everyone would be doing it, I haven't done anything stocks or shares related but it's something that's crossed the mind as I want to make more money.

Of course its easy. With hindsight.