Trading the stockmarket (NO Referrals)

[Diddums]

I believe that's referred to as "gambling".

 

[Nasher]

Have you bought any?
I'm always up for a risky punt. These days if a share is memeing and you get in early, even if it is a flash in the pan... You can still make bank.

Yea I did last week. I didn't put silly amounts in. It won't be a penny stock for long if things go to plan though. Once all the info comes out I think it will jump to a higher plateau.

I believe that's referred to as "gambling".

No, it's called a higher risk stock. But you don't get the big rewards from the already established, stable stocks. Some people who got in before last week made £100,000s or more.

Trying to day trade or slapping it all on one stock is gambling.

 

[mattyfez]

Yea I did last week. I didn't put silly amounts in. It won't be a penny stock for long if things go to plan though. Once all the info comes out I think it will jump to a higher plateau.



No, it's called a higher risk stock. But you don't get the big rewards from the already established stocks.

Trying to day trade or slapping it all on one stock is gambling.

I'd say even holding an ETF is technically gambling, just the odds are a lot better and the rewards/losses are smaller (less volotile) so it's a lot less risky, relatively speaking.

 

[Nasher]

I'd say even holding an ETF is technically gambling, just the odds are a lot better and the rewards/losses are smaller (less volotile) so it's a lot less risky, relatively speaking.

Maybe, but they are reviewed every so often and the trend is always a slow climb. It's enough to beat inflation.

You only need one stock to properly launch and it's early retirement. So it's worth taking small risks. People got laughed at for pumping money in to bitcoin and companies like MSTR years ago, now they are millionaires.

Better than just leaving it in a cash ISA where you are gambling on what the banks/government want to do. Or premium bonds where you gambling on winning a million, while actually losing money to inflation (while the gov are investing it for themselves)

 

[200sols]

I'd say even holding an ETF is technically gambling, just the odds are a lot better and the rewards/losses are smaller (less volotile) so it's a lot less risky, relatively speaking.

Its not really. If we are talking an all world or s&p500. The risk or the 'gambling' element falls to zero if you have enough time. Totally different to trading meme stocks like nasher.

 

[Nasher]

Its not really. If we are talking an all world or s&p500. The risk or the 'gambling' element falls to zero if you have enough time. Totally different to trading meme stocks like nasher.

How do you think all of the companies in an ETF started off? All starting off as "meme stocks"?

Coinbase and robinhood were added to the S&P 500 this year. I guess it's full of memes. I suppose Nvidia was too back when it was 50 cents (now over 175$)...

Scared money doesn't make money.

 

[413x]

I believe that's referred to as "gambling".

I've had a look. There is a lot of chat around it. And sometimes these things do explode and you can take profits.
Same was said for btc and did very well off that.
Meme buying 8s definitely a thing now.

 

[413x]

Quantum stocks pumping again. Is their no end to it?
Ionq had made another acquisition apparently.

MVST took a dip recently but has recovered.

 

[200sols]

How do you think all of the companies in an ETF started off? All starting off as "meme stocks"?

Coinbase and robinhood were added to the S&P 500 this year. I guess it's not full of memes...

They didnt the all start as meme stocks no. That's a modern thing. The historical thing was to list to raise capital and grow earning over time. Now they just say AI and that's it. The key is to buy before the meteoric rise and get out, I guess your just the bag holder now.

 

[mattyfez]

Its not really. If we are talking an all world or s&p500. The risk or the 'gambling' element falls to zero if you have enough time. Totally different to trading meme stocks like nasher.

It's texbook gambling:

the activity of risking money on the result of something

Sell at the wong time and you could make a loss... the longer you hold, the better your odds I guess, but the risk is always there... you could hold 'forever' and we could have a mad-max style collapse of economy/society and then your ETF's will be meaningless... it's still a gamble, just with a very different risk profile.

 

[Nasher]

They didnt the all start as meme stocks no. That's a modern thing. The historical thing was to list to raise capital and grow earning over time. Now they just say AI and that's it. The key is to buy before the meteoric rise and get out, I guess your just the bag holder now.

And a few years ago they just said crypto and that's it.

 

[200sols]

It's texbook gambling:



Sell at the wong time and you could make a loss... the longer you hold, the better your odds I guess, but the risk is always there... you could hold 'forever' and we could have a mad-max style collapse of economy/society and then your ETF's will be meaningless... it's still a gamble, just with a very different risk profile.

If you want to call it gambling that's fine, but I think you are wrong.

And a few years ago they just said crypto and that's it.

Just a thing, why are you not already a billionaire? Surely you've been picking penny stocks for a while now, you must've picked just one good one?

 

[Nasher]

If you want to call it gambling that's fine, but I think you are wrong.


Just a thing, why are you not already a billionaire? Surely you've been picking penny stocks for a while now, you must've picked just one good one?

Because I'm still quite new at it and yes I know poeple who are millionaires from the cypto boom and not all from buying bitcoin directly. These things take years to grow.

BTW the stock I'm talking about has grown 60% since last week...

 

[200sols]

Because I'm still quite new at it and yes I know poeple who are millionaires from the cypto boom and not all from buying bitcoin directly. These things take years to grow.

Do let us know when you've made it big then.

 

[413x]

Rate cut by the Fed.
Pop go the stocks.

 

[Nasher]

Rate cut by the Fed.
Pop go the stocks.

Yep vertical cliffs appearing on every US stock. Luckily I sold mine some time back. Well except the ones inside an ETF.

 

[Minstadave]

Yep vertical cliffs appearing on every US stock. Luckily I sold mine some time back.

Looks pretty minor, rate cuts exactly as expected, bull run will continue.

 

[LostCorpse]

ive taken a gample now its the waiting game, when it pays of i'll send thanks

 

[413x]

Yep vertical cliffs appearing on every US stock. Luckily I sold mine some time back. Well except the ones inside an ETF.

Oh for me it's the opposite! Vertical up.

Maybe there's some other news pushing up quantum. But they exploded after the rate cut.

 

[radderfire]

Interested to know if any OCUK investors are holding much gold or silver at the moment?
With the US seemingly hell bent on de-dollarisation there is a very strong opinion that Gold, Crypto and perhaps even silver might be good hedges for a re structure of the global financial system. I am holding about 5% of my SIPP in A Physical Gold ETF.

The issue I have with gold and silver is that their mining is not great for the environment. From an investment point of view though, they have been doing very well lately, and they are the classic hedge against inflation, i.e. FIAT currencies losing value from over-printing.

If you are using them as a hedge against the global financial system collapsing, then you should really be holding them physically, but then you have to have secure storage or pay for it. If you hold as an ETF, then you still have a lot of risk over the reliability of the ETF, i.e. does it really have a claim on physical metal.