Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
t212 is still good if you want somewhere with no fees and commission (obviously stuff like UK stamp duty 0.5% still applies)
don't use the CFD account though do invest or isa
invest has more tickers OTC markets aren't allowed in ISA
Deleted User 298457
Deleted User 298457
212 is good for short-term/mid-term 'playing'. I wouldn't trust it with a massive amount of dollar although it is legit. More long-term, definitely stick to funds and Vanguard/HL. It isn't a one solution fits all, that's for sure.
I'll give T212 a go thanks to OC not the untold 100s of times YT has shown me their ad!
Deleted User 298457
Deleted User 298457
Bad plan at such low $. The target is to get into the 000's, so unless there is a massive dip, you're saving a tenner or something. But risk getting locked out/ caught in the rise.
Assume you're talking about GME? If you can afford to, I;d suggest sticking with it and seeing how it plays out over Monday & Tuesday. It's had a few days for the hype to build up, including 2 days this weekend where people who weren't "in the know" have had a chance to read up about it, open accounts, move money around etc. Even if the Hedge Funds are able to improve their positions somehow (this part is above my understanding), I think the amount of people looking to rush into it on Monday alone will push the price up.
I don't see how this is getting to the thousands, the pump seems to be over now. There was a chance last or the week before that it got out of hand but it looks like its under control now
@kakarott i'd sell asap and be done with it. its pointless getting involved
Soldato
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- 12 Feb 2006
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Not saying you're wrong, but you were saying the same when I decided to jump in when it was approx 76.
The plan being that once they start buying back the stock it should rise considerably, with the only reason I'm seeing for that not happening is because they manage to manipulate the market to keep dropping.
The price at 300 plus is a good starting point.
There is talk about what happened with vw. I've not looked into how this compares, but supposed to have been a similar story but with less potential than what is currently the situation with GME
Deleted User 298457
Deleted User 298457
He has papyrus hands, let him be.
Yeah, i know i was saying don't jump in at 75 and you were still wrong to get involved. Just because you got lucky, does't mean that its a good trade.
Price starting at 300 next week is irrelevant. Thats a big drop in my eyes, and i'll be looking to short it. 300 to 100 in day will be a corker
Deleted User 298457
Deleted User 298457
But you are not going to are you?
Arm chair trading is to the left... thank you... have a nice day
Soldato
- Joined
- 25 Nov 2005
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- 12,718
It's not really over though is it ? It's more that certain exchanges have decided to prevent people from buying, once those folk switch elsewhere the pump will be back on with even more vengeance to not only say **** you to the hedges but now to the exchanges that blocked them
Could be wrong but I see retail as an angry hornets nest that has been poked enough
What? Yes, i'll be looking to short it next week.
Arm chair trader? Well you don't do it from the top of mountain do you
Looks to be over looking at certain data.
I'm talking about GME here, not some other random stuff thats pumped
Soldato
- Joined
- 19 May 2005
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- 6,896
The last week and a half has been crazy, I got in 2 weeks ago and out on Wednesday. I'm glad it's over and im happy with my results. As for the rest of my portfolio it's took a hit for now.
Good for you. According to the wolves of overclockers nobody was going to make any money from GME, seems by some coincidence these were people who didn't buy in too.
Soldato
- Joined
- 25 Nov 2005
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- 12,718
Really ?
Look at the volume difference between when retail was allowed to trade and when they were effectively banned, you're saying that interest has suddenly vanished now over the weekend and people are happy to just walk away and let wallstreet win ?
But by all means show us this "certain data" that says it's over
Really ?
Look at the volume difference between when retail was allowed to trade and when they were effectively banned, you're saying that interest has suddenly vanished now over the weekend and people are happy to just walk away and let wallstreet win ?
But by all means show us this "certain data" that says it's over
GME RV is 1147, GME IVOL is 400. 1147/400=2.85. A 185% risk discount on an overvalued stock with decreasing volume.
Call and Put spread getting bigger as well
