AH ok, wasn't aware of this. I thought it was more real time.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
Even then you'll probably lose..
ya'll trying to time the market are probably missing out..
wasn't one guy on here like all cash about a year ago waiting for a stock crash.
if you want to do it properly, budget an amount you can invest per week, buy less shares more often.
you don't even have to buy a whole share so that's simple.
No one should be thinking ima buy this stock, it's going to go up 20% in a day and I will sell it and buy some other stock.
you want to be slowly accumulating a portfolio if your in for the long hold., and that should be the mentality.
not get rich in 7 days or become bankrupt trying.
wasn't one guy on here like all cash about a year ago waiting for a stock crash.
if you want to do it properly, budget an amount you can invest per week, buy less shares more often.
you don't even have to buy a whole share so that's simple.
No one should be thinking ima buy this stock, it's going to go up 20% in a day and I will sell it and buy some other stock.
you want to be slowly accumulating a portfolio if your in for the long hold., and that should be the mentality.
not get rich in 7 days or become bankrupt trying.
Last edited:
This is how rug pulls happen... you listen to someone who already have shares in the company, they tell you to copy them and buy this stock.. obvs the price jumps up with the demand and they sell their shares then tell all the "followers" to sell theirs as the price will drop. obvs the price drops and they say "I told you!" and look like they can predict the future while it's them that's actuall causing it.
Also following big whales don't help you, once they already brought the shares, the price of it has already been affected and you will be paying a higher price for the shares..
The mega rich investment portfolio is way different from us humble folks, they have investments in private companies, houses and other assets.. unless they are doing as their source of income, their public stocks portfolio is a small percentage of their total investment portfolio, they can afford to place a x million pound gamble on a public company and lose out; can you afford it?
Makes sense when its written out....!
Associate
- Joined
- 10 Jan 2005
- Posts
- 535
Trading 212 don’t seem to like day trading.
Just come off 5 day buy ban, after previous couple of 1 days bans.
I was doing lots of small buys/sells (small amounts under £100) and trying pattern day trading (some were risky companies) but was actually doing well. Wonder if they would have “protected” me otherwise.
Complained but they couldn’t give exact reason why.
Both trading/ISA accounts in green and I have realised gains on both accounts (new T212 money weighted % gain is giving me crazy returns of 140% over year! on one account) I spread thin over a lot of companies so not YOLO on one risky stock and just kept trying to repeatedly get in/out with just making minor profit.
All deposits well below my savings declared to T212 and answered wouldn’t be affected if lost all question under financial details.
Extract from complaint email response, if anyone interested will post full response
1. Deposits exceeding the amounts you initially declared
2. Potential losses, based on historical market data - to assess their impact on
your financial health
3. Amounts deducted as fees and charges - to evaluate any negative effects on
your financial standing
4. Large numbers of trades and/or deposits for a short period of time are also
considered an unusual financial activity.
Just come off 5 day buy ban, after previous couple of 1 days bans.
I was doing lots of small buys/sells (small amounts under £100) and trying pattern day trading (some were risky companies) but was actually doing well. Wonder if they would have “protected” me otherwise.
Complained but they couldn’t give exact reason why.
Both trading/ISA accounts in green and I have realised gains on both accounts (new T212 money weighted % gain is giving me crazy returns of 140% over year! on one account) I spread thin over a lot of companies so not YOLO on one risky stock and just kept trying to repeatedly get in/out with just making minor profit.
All deposits well below my savings declared to T212 and answered wouldn’t be affected if lost all question under financial details.
Extract from complaint email response, if anyone interested will post full response
1. Deposits exceeding the amounts you initially declared
2. Potential losses, based on historical market data - to assess their impact on
your financial health
3. Amounts deducted as fees and charges - to evaluate any negative effects on
your financial standing
4. Large numbers of trades and/or deposits for a short period of time are also
considered an unusual financial activity.
Soldato
- Joined
- 14 Jun 2004
- Posts
- 7,298
sounds like one of my comments.
but i found a few good trades and went for them.
its all about research, news and taking an educated risk on capital your prepared to loose and not make money on.
Yes and maybe no. Yes if you are taking a long term view and have the psychology to not panic when its red. In the short term it's nigh impossible to read the markets. There are so many conflicting indicators. Yesterday SPX rocketed nearly 2% after a couple of red days. Seemingly based on the US CPI data which, to me didn't indicate any sort of motivation for the Fed to cut rates any time soon. US inflation beat expectation (3.3%) but still is well ahead of the Fed target of 2% (3.2% core). The bounce in the UK was also there off the back of 2.5% but not to the same extent. This to me indicates extreme bubble status in US equities where the bulls are fighting the bears in order to keep the bubble inflating. With any tarriff likely to negatively impact inflation I still think there might be more work to do on inflation.
Expect more volatility I think.
For me it's re-assuring that there are some safeguards to save people from themselves even if they are winning in the short term.
I'm still in IAG here - probably more FOMO, I'm about 60% up as of right now (not crazy amounts of money) but I am getting to that point of actually locking in the profit
Last edited:
I am down about 15 percent on my messing about account on t212 ( one of my 3 dragging it down) but one of the guys at work lost 2k (panic sell) and another one 11 k in one day but that was profit on his original stake.
Really enjoying it though
Really enjoying it though
CFD account is where the real money is for gamblers
Seems extremely sensible from them.
Just like any gambling website/bookies - They do not have to give you any response if they don't want your business. They can close your account at any time. Will be in their T&C's
On the surface of it - your looking like a highly risky individual who is "gambling" on highly volatile stocks, and they simply don't want your business....As in most cases, people complain they weren't given adequate measures / guidance when they start loosing it all, and start complaints via FCA / FOS etc - quoting guidelines on responsible brokering etc.
I see Freetrade has been sold to IG Group this week.
The crowd funding investors aren't happy has some have lost a lot of money. One person invested £30k in 2021 and is going to receive just £3.8K for their shares.
That's the issue with Angel investements, only 1 in 10 companies actually make money.. the hope is that 1 makes a hell a lot of money to cover the losses of the other 9 and to gain some profit.
This chap I know runs a company that links Angel investors with companies, utter ********, I only know him as he's married to a girl I used to work with. They will basically present any company that is willing to pay them for their service to investors.. it's up to the individual investor to do their homework on the company. No doubt his company makes a nice profit and gets free shares in the company.
Associate
- Joined
- 19 Oct 2002
- Posts
- 1,511
- Location
- The Land of Cheese
Ouch!I see Freetrade has been sold to IG Group this week.
The crowd funding investors aren't happy has some have lost a lot of money. One person invested £30k in 2021 and is going to receive just £3.8K for their shares.
Soldato
- Joined
- 12 Feb 2006
- Posts
- 17,674
- Location
- Surrey
can someone explain how taking gains works with regards to tax.
this is all non-isa accounts.
lets say for isntance over 5 years you've invested approx £5k everyone 6 months, so now a total of approx £60k put in. this is split over various different apps, between stocks and crpyto. in total all the accounts are worth roughly £200k, though some have actually lost money, e.g. one crpto account that has had about £20k put into it is worth now £9, but another is worth about £120k.
If i was to take £50k/£60k back now, would i have to
1) pay any tax?
2) declare it in some way?
3) would it make any difference it if came all from one account that say only had £5k initially put into it and now worth £60k? because that £5k has made a profit of £55k, however as i've put in the same amount over the years, am i considered even or in profit?
this is all non-isa accounts.
lets say for isntance over 5 years you've invested approx £5k everyone 6 months, so now a total of approx £60k put in. this is split over various different apps, between stocks and crpyto. in total all the accounts are worth roughly £200k, though some have actually lost money, e.g. one crpto account that has had about £20k put into it is worth now £9, but another is worth about £120k.
If i was to take £50k/£60k back now, would i have to
1) pay any tax?
2) declare it in some way?
3) would it make any difference it if came all from one account that say only had £5k initially put into it and now worth £60k? because that £5k has made a profit of £55k, however as i've put in the same amount over the years, am i considered even or in profit?