Anyone a day trader in stocks and shares?

muttclugg

muttclugg

muttclugg

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SE
Just wondering how many people on here (if any) trade stocks and shares on a daily basis at the moment and how you are finding it with the current market situation? Have you decided to slow down for the moment and see how it pans out? Lost much or made anything?:p
 
Remember day trader don'n necessary just focus on equities, they can also trade on
stock options
currencies
equity index futures
interest rate futures
commodity futures

witht he markets falling, now is a godo time to short sell, i.e seller (sells/ borrows) a stock, then buys it back later when the price has fallen.

just because the market has fallen it does not mean there is no opportunities to make money.
 
I'm not but a lot of my friends are.

General opinion from them is that this is a great time to make money if your clients are willing to take a bigger risk than normal.

They've pretty much chucked a lot of the statistical anaylsis out the window this week though. The markets aren't doing what the computer tells them they should be doing.
 
mangobreeder said:
witht he markets falling, now is a godo time to short sell, i.e seller (sells/ borrows) a stock, then buys it back later when the price has fallen.
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I thought the UK government had banned shorting to stop them shafting the share price of banks. I think an amateur day trader is always at a massive disadvantage owing to the fact that your stock price data is delayed by 15 minutes over what the big boys get.
 
I don't know if it's the same there but in Australia they have only banned short selling on equities, you can do what you like with the rest still.
 
mulpsmebeauty said:
I thought the UK government had banned shorting to stop them shafting the share price of banks. I think an amateur day trader is always at a massive disadvantage owing to the fact that your stock price data is delayed by 15 minutes over what the big boys get.
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Ban only applies to Bank shares.

An amateur will be at a disadvantage, becuase they are amateur, where as the bigboys are pros and have the right kit, if they trade off their own book, but if they are an insitutional investor then they will ahve more resourse at hand to maximise returns.

It like saying my pub football team are a disadvantage compared to ManU, :)
 
mulpsmebeauty said:
I thought the UK government had banned shorting to stop them shafting the share price of banks. I think an amateur day trader is always at a massive disadvantage owing to the fact that your stock price data is delayed by 15 minutes over what the big boys get.
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Are you sure about that?
Regardless of what instrument you wish to trade, I'm pretty sure if you look you can buy DMA (Direct market access). DMA will definitely give you live exchange prices.
I spreadbet through a popular dealer and I get live quotes (much more so than Yahoo or Google Finance which are usually delayed by 15-20 mins) but because spreadbetting by definition isn't DMA, the quotes might not be 100% accurate at all times.
 
megakid said:
I'm pretty sure if you look you can buy DMA (Direct market access).
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It's been a few years since I did any trading and in general I looked short term but not single day short term. I was sure I'd looked into getting live price updates and for some reason had to rule it out as unobtainable. I generally only dealt in a couple of grand per trade (the good old days pre-mortgage) so maybe any extra overhead made things less profitable.
 
megakid said:
Are you sure about that?
Regardless of what instrument you wish to trade, I'm pretty sure if you look you can buy DMA (Direct market access). DMA will definitely give you live exchange prices.
I spreadbet through a popular dealer and I get live quotes (much more so than Yahoo or Google Finance which are usually delayed by 15-20 mins) but because spreadbetting by definition isn't DMA, the quotes might not be 100% accurate at all times.
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Correct, you could not be a day trader without live feed. As for making money
at the moment short selling has indeed been banned for financial instruments however I believe you can still short CFD's
 
Probably can't short CFDs on bank stocks tbh...

Though institutions can go long on credit default swaps which will not only let them profit from a fall in the bank's share price but also actually helps cripple the bank's business too.
 
mulpsmebeauty said:
I thought the UK government had banned shorting to stop them shafting the share price of banks. I think an amateur day trader is always at a massive disadvantage owing to the fact that your stock price data is delayed by 15 minutes over what the big boys get.
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Erm no - if you want to pay for data then you can get data just like anyone else - the data vendor doesn't care - you get what you pay for tbh...
 
dowie said:
Erm no - if you want to pay for data then you can get data just like anyone else - the data vendor doesn't care - you get what you pay for tbh...
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The implication is that the cost of live data will be an unacceptable overhead for an amateur trader. I very much doubt it's a fiver a month to subscribe.
 
mulpsmebeauty said:
The implication is that the cost of live data will be an unacceptable overhead for an amateur trader. I very much doubt it's a fiver a month to subscribe.
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Its free if you use some of the LSE's new competitors such as CHIX and Turquoise etc. One of our clients provides DMA access and feed for around a £16 minimum fee per trade.
 
HBOS and RBS shares on the rise following interest rate cut, some people have made a lot of money in the last 10 mins if they bought these shares when they were low.
 
Yes and doing quite well recently too.. :)

Bought some RBS shares this morning so fingers crossed by the end of today or tom.

Their are some bargains to be had in the retail sector too.

I got caught out with BB. as i thought there would be a rescue package.. not a complete takeover. Ho-hum
 
mulpsmebeauty said:
The implication is that the cost of live data will be an unacceptable overhead for an amateur trader. I very much doubt it's a fiver a month to subscribe.
Click to expand...

Erm no - depending on what you want/what you are trading it can be free
or can indeed be very low cost.
 
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