Trading the stockmarket (NO Referrals)

For a newbie (or anyone non-pro really) imo you should:
1. read the uk personal finance wiki https://ukpersonal.finance/ particularly the personal finance flowchart to make sure investing is the right thing to do https://ukpersonal.finance/flowchart/ and diy tracker to understand a bit better what you're buying and why https://ukpersonal.finance/diy-global-tracker/
2. open a stocks and shares isa with a platform of your choice, e.g. hargreaves lansdown.
3. buy a combination of tracker funds suitable for your age and level of acceptable risk, e.g. 80% stocks, 20% bonds.
there are loads so here's a shortlist: https://www.hl.co.uk/funds/help-choosing-funds/wealth-shortlist
each has a factsheet including: largest holdings, countries/sectors breakdown, fund size, yield, hl comments
don't buy anything you don't understand.
4. leave it alone for as long as possible. don't tinker. don't check it often. don't panic sell if the numbers turn red.

a reasonable way to track the world would be 90% of this
https://www.hl.co.uk/funds/fund-dis...eral-international-index-trust-c-accumulation
and 10% of this
https://www.hl.co.uk/funds/fund-dis...gal-and-general-uk-index-class-c-accumulation

or you could choose to track particular sectors
https://www.hl.co.uk/funds/fund-dis...al-gbl-health-and-pharma-index-c-accumulation
https://www.hl.co.uk/funds/fund-dis...al-global-infrastructure-index-c-accumulation
https://www.hl.co.uk/funds/fund-dis...l-global-real-estate-div-index-c-accumulation
https://www.hl.co.uk/funds/fund-dis...-global-technology-index-class-c-accumulation

bitcoin is gambling, nobody knows what it's worth, if anything.
forex you can't win coz pros have it all automated.


edit: a couple of other interesting funds:
https://www.hl.co.uk/funds/fund-dis...-global-emerging-markets-index-c-accumulation
https://www.hl.co.uk/funds/fund-dis...uture-world-esg-developed-index-accumulation2
 
Last edited:
Ditched my Argo today, made 40% on it, that'll do me for now, it might go higher, I don't care, profit is profit, hindsight, meh lol
 
Trig said:
Ditched my Argo today, made 40% on it, that'll do me for now, it might go higher, I don't care, profit is profit, hindsight, meh lol
Click to expand...

Yeah, wish i'd held a little longer to be honest but still got out for a good profit. It can be too easy to dwell and convince yourself you'd have sold at a higher price and then you watch it fall and kick yourself you didn't actually sell :p
 
Marvt74 said:
Yeah, wish i'd held a little longer to be honest but still got out for a good profit. It can be too easy to dwell and convince yourself you'd have sold at a higher price and then you watch it fall and kick yourself you didn't actually sell :p
Click to expand...

Yup, I tend to sell at 15% but if something looks to be going up I'll give it a while until it looks like its settling, then I'll sell at the nearest 5/10% mark.
 
The biggest common mistake is to hold on to losses, waiting for them to rise, and sell out of winners rather than letting them run. Not saying either of you have done that, and hindsight and all, but I very, very rarely sell if I'm up. Then again all my investments are long-term holds regardless.
 
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?
Click to expand...

arknor said:
historically , but I think some industries have been beating the market year on year enough recently that people think maybe it changed.
like ARK
Click to expand...

Yup, historically plenty of fund managers don't beat the relevant index and trackers tend to be rather low cost.

Of course if more and more people just put their money in trackers that simply attempt to replicate the index then... who is going to do the stock selection, sell the underperforming companies, buy the companies that offer some value etc...
 
I just came across swingtradebot

it seems you aren't required to signup to browse all the industry categories etc
like for example
Automation Solution https://swingtradebot.com/stocks-tagged-as/20729-automation-solutions
Solar power https://swingtradebot.com/stocks-tagged-as/5956-solar-power
Energy Storage https://swingtradebot.com/stocks-tagged-as/2512-energy-storage
https://swingtradebot.com/stocks-tagged-as/5954-photovoltaics

seems it could be useful for people searching companies in very specific industries. (probably not if your using a paid for stock scanner service anyway)

I think the rating system is probably legit as well mostly, because most of the higher rated ones are already in my watch lists from previous research
 
What is the best crypto currency to invest in right now? Also my other question is crypto app good? Or should I consider something like binance or some other place to invest into?
 
Had a decent day with BNGO today/last week, finished end of day with my BNGO up 1325%, not a bad earner. Sold 2/3's of it and riding the rest.
 
syke said:
Had a decent day with BNGO today/last week, finished end of day with my BNGO up 1325%, not a bad earner. Sold 2/3's of it and riding the rest.
Click to expand...
I'm always scared stuff like that is a pump and dump because people spam it in loads of different areas on reddit.
then you see all the posts

"I'm 50% down, what should I do now?"

Shame 212 is so lame for penny stocks though, any decent looking ones I found on stock scanners the ticker was never on 212 :( we just get all the crap ones mainly.

I don't mess around with enough money to deal with fees somewhere else
 
arknor said:
I'm always scared stuff like that is a pump and dump because people spam it in loads of different areas on reddit.
then you see all the posts

"I'm 50% down, what should I do now?"
Click to expand...
Always a risk, there is a lot of that on Reddit, but always look into it at least a little bit yourself to see if worthwhile. I generally always instantly sell to cover my investment and then gauge it from there on what I sell. I've sold at $6 and $7 so far, so I'm happy to ride the rest and see what happens.
 
syke said:
Always a risk, there is a lot of that on Reddit, but always look into it at least a little bit yourself to see if worthwhile. I generally always instantly sell to cover my investment and then gauge it from there on what I sell. I've sold at $6 and $7 so far, so I'm happy to ride the rest and see what happens.
Click to expand...
yea I always look usually it's terrible financials, no real news anywhere on google and probably not listed on somewhere like https://www.dataroma.com/m/ins/ins.php

with BNGO I didn't bother though I think apart from a quick check on 212 maybe, just assumed it was a pump and dump because the posts I saw had no real info as to why people should buy.

I made an easy £12 on COUV though when people were pumping it, but usually I don't have time to watch the stock price like a hawk waiting for the dump
 
Trig said:
Ditched my Argo today, made 40% on it, that'll do me for now, it might go higher, I don't care, profit is profit, hindsight, meh lol
Click to expand...

Call me brave, but I am holding, I feel with how shares in the US get pumped so hard, once it is listed US side it could see further gains, its a gamble for me along with MARA and RIOT to hold out and see where it goes.
 
Haven't read about it getting listed in the US, but then I put very little care or attention into 212, its all small change to me and if it goes to zero, I'm pretty much only putting money in there I would have spent down the pub, which I cant sooo, I might or might not get something out of it, where as if I had spent it in the pub I'd just wake up with a headache lol
 
You must log in or register to reply here.
Back
Top Bottom