I shall jump on the next one asap, if not sooner.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
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I shall jump on the next one asap, if not sooner.
Its fair game (imo) getting in on memes. But damn. You need to be early.
But there's no telling if a meme stock will x2, x10 or more!
Once it's ramping you have no idea what the top is. I mean even x0.5 gain is a lot! But with a meme you're always hoping for x2 or more.
Its pretty much a gamble all the way. Unless you can see hype building. And then it's more a prediction on herd mentality and FOMO.
Some. Memes turn out to hold true promise. Or stabilise with HODLers.
How many of us would take all. Profits at a 50 pecernt jump in a few days? Now it seems like there's a strong urge to stay in for a x2 or more gain.
I find it difficult for memes and high risk stuff, I'd rather lose my entire stake than miss out on a x10 gain! Hence with quantum I'm still in now. I have taken out more than my original stake, but at this point? It's hard to sell when these stocks could easily x10 or more again. But equally they could tank percent.
Overall my risks have paid off. But it does make me question... Am. I just gambling?
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Yep, it's gambling, but I'm ok with the amount I'm risking, it's not my pension.
I saw a post about ALRT yesterday where someone had bought something like £2 worth of stock at the beginning, and then forgot about it, and it had gone up thousands of %.That £2 was worth £250 or similar!
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Yeah, thankfully I was wise and only put some pocket change in it. I put all the rest of my cash in something a lot more sensible, GME.
Originally I turned my nose up at memes. But of late I've treated them as a short gamble.
ALRT at 4p..no it's gone up too much and is now well known. When @Nasher said about it, it still felt early so was happy to go in on a punt.
Quantum was different. When I bought that it wasn't even in hype mode. And I truely believed that quantum computing is the future. So put some more in than I normally would. Then it exploded. So. I was in before it even took off.
Taking profit from meme stocks is very hard. Because you could easily miss out on life change money. Like 500 quid in the right meme can genuinely hit 100k if you're lucky.
But it's very sensible to take.it out at 1k.
I usually take my original stake out if it goes much above x2. If it hits x10? Yeah definitely taking 25 percent or so. And let rest ride.
ALRT at 4p..no it's gone up too much and is now well known. When @Nasher said about it, it still felt early so was happy to go in on a punt.
Quantum was different. When I bought that it wasn't even in hype mode. And I truely believed that quantum computing is the future. So put some more in than I normally would. Then it exploded. So. I was in before it even took off.
Taking profit from meme stocks is very hard. Because you could easily miss out on life change money. Like 500 quid in the right meme can genuinely hit 100k if you're lucky.
But it's very sensible to take.it out at 1k.
I usually take my original stake out if it goes much above x2. If it hits x10? Yeah definitely taking 25 percent or so. And let rest ride.
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so could a lottery ticket tho
More chance of a winning meme stock I reckon.
Soldato
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I like the theme of investment, i.e. Bitcoin treasury. For anyone wondering, ASST is Strive Inc and is a Bitcoin treasury company that looks to increase Bitcoin holdings per share.
meme stocks work like that.. 20+ one day 20- the next etc..
I've got £1k in it, I'm leaving it. See what happens.
Same. I have 1k in it. Can't work out. If its genuine or not. Ie if its a meme or it has genuine promise. There's so much misinformation about this one. It's hard to sort the spam from the ham.
What's the worst than can happen? If it tanks you lose a grand, if it goes the other way, to the moon!
all balanced..
I've got a chunk in safer stocks that slowly go up..
and a bit in these meme stocks that seems to flap around more than british weather.. I'm still in profit all in so not going to complain.
Soldato
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i kind of see the mis-information as a positive sign, meaning someone's trying to shake people out to buy up in this instance
Soldato
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When you start buying US stocks on T212, how do you deal with tax implications? I notice they make you fill in a US tax treaty form, so can you just treat them like UK stocks for tax purposes?
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If it is from your ISA account, then I'm not sure there are any tax implications. Standard invest account, normal UK tax rules apply.
Which part is the misinformation?
The chat on the boards is hilarious for this stock, you have one camp saying this company is making no money (true) to justify its market cap, and you have others saying to keep the faith and its all MM manipulation
The 'interview' with this lord bloke seems to have fallen flat. Good luck to all holders.
Soldato
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I opted for the standard Invest ac as I thought the ISA one prevented you buying some stocks, particularly US ones.
I'm hoping I can just treat US stocks like UK ones re tax.
Soldato
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it was more a general comment, than a specific to ALRT.
You only need to worry about tax other than CGT if you start getting large foreign dividends or interest payments really.
You can buy most stuff in ISA best to just stick with that if you have not used the allowance.