Trading the stockmarket (NO Referrals)

sand_dune said:
Nearly lost so much money on Forex. Was £100 down with 9 open trades (x10K). If resistance was breached couldve lost hundreds. Waited all night then there was a massive crash and I actually made money. £60 up with one extra trade. I actually have a part time job in a shop 3 night a week(traded at work tonight). I want to retire when I get 300K and get a cheap mortgage for a small house up north.
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Please be careful. Sounds like you have a lot to lose.
 
robinson09 said:
Ok, to take things away form Tesla.

What're people's thoughts on IAG? I hold some atm, bought it near the bottom thankfully so made a bit. In fact IAG and Carnival have been two of my biggest wins in terms of covid plays.

But... It seems too obvious. They are still so far from where they were. Am I missing something?
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I've bought IAG for a long term hold, so don't much care what happens at the moment. If they survive, I'm very confident there'll be a good return over 3+ years. That's my take on it :)

Not sure what to put my money into this month. I suspect US tech stocks will do alright over the next few weeks in the run up to the inauguration as a bit of sanity and competence returns, and a thawing of US international relations.
 
sand_dune said:
Nearly lost so much money on Forex. Was £100 down with 9 open trades (x10K). If resistance was breached couldve lost hundreds. Waited all night then there was a massive crash and I actually made money. £60 up with one extra trade. I actually have a part time job in a shop 3 night a week(traded at work tonight). I want to retire when I get 300K and get a cheap mortgage for a small house up north.
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Can we please stop feeding this troll....

Just ignore the nonsense.
 
mid_gen said:
I've bought IAG for a long term hold, so don't much care what happens at the moment. If they survive, I'm very confident there'll be a good return over 3+ years. That's my take on it :)

Not sure what to put my money into this month. I suspect US tech stocks will do alright over the next few weeks in the run up to the inauguration as a bit of sanity and competence returns, and a thawing of US international relations.
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I guess the BA cargo crew strike should have ended today or tomorrow ???
https://ukaviation.news/ba-cargo-staff-to-strike-from-christmas-day/
uncle_rufus said:
Still pondering PCRFY in case they get a boost today from the Tesla battery news
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I like how trading212 shows panasonic revenue as $7.9T
but that number is actually YEN.......
n the fiscal year of 2020, Panasonic's sales revenue came to around 70.4 billion U.S. dollars (or 7.5 trillion Japanese yen)
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I need some good BP news I don't think there's ever been a full day where I'm up on that, I'm only down 1% though.
 
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arknor said:
how did people lose money on a crypto thats worth more now than ever? they panicked and sold on a dip? lol...
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They sold yes. But panicked isn’t something I would say. It’s taken Bitcoin a whole 2 years to get back to highs again. But who knows where the next crash will be. And no one knew at the time what Bitcoin would have been. It was sitting around $7000 for ages and ages. Most people would have bought in around $18-20k mark. Also average joes buy in to make quick buck. Not really in for the long ride. Some still hold some Bitcoin in hope it will rally but tiny portion in comparison.

from what I can tell, there is very little fundamental underpinning Bitcoin and it is pure speculation and thus might as well be treated as gambling.

it is not even a long term investment option cos you just don’t know when you ever gonna see the return. If Bitcoin never rallied or the same topic is being discussed this time last year, people wouldn’t say it is worth investing. Etc etc.
 
DarrenM343 said:
Not looked at the Farage thing but does sound dodgy. I'd not trust him as far as I can throw him anyway tbh
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I am very sure I can throw him quite far as I have a lot of incentive to do so.

so on that basis I would trust him a lot less than the distance I can throw him. Like 0 would be the figure for me.

Didn’t Warren Buffet say that if you put money into index linked funds you will generally perform better than average fund managers?
 
pc-guy said:
Didn’t Warren Buffet say that if you put money into index linked funds you will generally perform better than average fund managers?
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historically , but I think some industries have been beating the market year on year enough recently that people think maybe it changed.
like ARK
 
pc-guy said:
I am very sure I can throw him quite far as I have a lot of incentive to do so.

so on that basis I would trust him a lot less than the distance I can throw him. Like 0 would be the figure for me.

Didn’t Warren Buffet say that if you put money into index linked funds you will generally perform better than average fund managers?
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Yeah, generally most fund manager underperform the market over the long run. The best ones can also make a difference during sideways/consolidation periods however, focusing on certain businesses that outperform under those conditions. Index/passive fund costs usually cheaper.

Some get it very wrong such as Woodford. Great performer in the past but under his own company, fell apart. In fairness however, if market conditions were more favourable could have outperformed - a lengthy Brexit was not ideal for his approach
 
arknor said:
how did people lose money on a crypto thats worth more now than ever? they panicked and sold on a dip? lol...
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If you're trading synthetically you can get screwed by CFD providers.

I had a good run in late 2017 trading Bitcoin CFDs and eventually had to stop because I noticed that Plus500 didn't like me doing well so they started arbitrarily closing out my positions, reducing the contract lengths I could take out and enforcing much tighter margin calls than they previously had.
 
pc-guy said:
They sold yes. But panicked isn’t something I would say. It’s taken Bitcoin a whole 2 years to get back to highs again. But who knows where the next crash will be. And no one knew at the time what Bitcoin would have been. It was sitting around $7000 for ages and ages. Most people would have bought in around $18-20k mark. Also average joes buy in to make quick buck. Not really in for the long ride. Some still hold some Bitcoin in hope it will rally but tiny portion in comparison.

from what I can tell, there is very little fundamental underpinning Bitcoin and it is pure speculation and thus might as well be treated as gambling.

it is not even a long term investment option cos you just don’t know when you ever gonna see the return. If Bitcoin never rallied or the same topic is being discussed this time last year, people wouldn’t say it is worth investing. Etc etc.
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This happens every few years.

Bitcoin always breaks new highs.

Then it crashes. Then it breaks a new high again eventually.

Bitcoin is a store of value much like gold. Eventually both will always rise.
 
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