Trading the stockmarket (NO Referrals)

Uther said:
Luckily for the money I have in I have ten years before I intend to touch it, hopefully things look better by then!
I am starting to question putting cash in every month though just to see it evaporate,even though the accepted wisdom seems to be just keep DCA'ing regardless.
Really, really, trying not to keep looking at nothing but a downward spiral.
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Only time I've made good trades (and I think I've finally learnt) is exceptional circumstances.

After covid I felt it was a no brainer buy. And my AV shared gained 2-3x over the period

Also I bought BP after the oil rig blow out. It was clearly Over sold.

It's been a learning exercise. But the little traded I've been making here and there because 'I have some cash' have overall not been great.
 
xaldub said:
Similar thoughts. I, too, regret not bailing out several months ago. Only difference for me is I've already paid off my mortgage and don't have any debts. Not sure what to do ... don't think we've hit the bottom yet. Will probably follow your advice and just not look until 2023 !
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Yeah I have the mortgage option. It just seemed so silly when rates were 1pc to do that. Especially with 5-10pc divs everywhere.
But again, hindsight, I could have put cash towards that, not had to even think about 'better check my stocks this morning'.

No temptation to buy/sell.

Right now that solid saving is looking oh so tempting!



It's been a bit of a learning exercise for sure!


Annoying, I thought I should sell. But I didn't. As before, I'm better at buying, terrible at selling.
Absolutely in future if I do ever come back ill set hard stops on everything.
 
Uther said:
Luckily for the money I have in I have ten years before I intend to touch it, hopefully things look better by then!
I am starting to question putting cash in every month though just to see it evaporate,even though the accepted wisdom seems to be just keep DCA'ing regardless.
Really, really, trying not to keep looking at nothing but a downward spiral.
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Yeah, I question that wisdom given the current situation. I haven't invested any further funds since late last year. Like you I don't need that money for several years but it is disheartening to see it evaporate. And makes future retirement planning even more uncertain.
 
Just hope this doesn't bounce before payday! I am fortunately in a phase where I've got a lot of disposable right now and my plan for the year is to save/invest as much as possible. I missed the last two corrections due to circumstances so I'm gonna fill my boots this time round.

I want to build up as big a holding in decent dividend paying tech stocks, Intel, MSFT, AAPL as I can this year. I'll probably keep chucking my SIPP into SMT too.
 
Plenty of stocks can be bought throughout 2022, those related to commodities because those prices arent coming back down long term, there is inflation ongoing either way. However commodities is a volatile market to be in, there can be oversupply and upset all the time like any farm harvest crop schedule its not an easy path but I think overall most commodities are 'profitable' for the next decade. FTSE has a larger bias to this then other main market indexes, I think FTSE willl do well just like it was ok in 2003 even if you bought before the low and every other lull since then. a lot of the FTSE stocks arent in UK or with majority trade outside of UK.
BP as said above during its troubles was a good buy, it merged with Standard oil years ago so the rhetoric was inaccurate then hence a buy. I sold that around 500, rebought etc. I plan with a 500 target roughly. BP Shell arent really going to be worse off from that UK windfall tax much so far as I know. Similarly, on a lot of those big names, Lloyds is largely UK but mostly buy FTSE is fine imo. FT250 is more UK based and possibly more fragile

Biden has some strange mention of oil refiners must lower prices, not sure thats how it works really. Who knows what political policy or action that adds upto but its not helping those stocks
 
So it's been a year since I put a small amount into XRP Crypto and at one point I was 60% up on initial stake (bought at $0.86 went to $1.37) but with the recent collapse of Crypto I'm currently 65% down (its $0.30) on that initial stake (so a 126% decrease from peak worth) but, as I was never into this short-term, and I've only a small amount invested, I'm content to keep holding for another 2-5-10 years and see what happens.

An Australian friend I worked with in Saudi however went into XRP and Doge hard and, despite being told time and time again that it was a really bad idea, placed his with his entire $80k-AUS life savings in Crypto. He's mid 30's so he potentially has time to rebuild his savings if he stays in Saudi for another 10 years, or crypto bounces back, but he is a living lesson in why any form of Stocks/Shares/Crypto etc is nothing more than gambling for the vast majority of folks.
 
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ianh said:
So it's been a year since I put a small amount into XRP Crypto and at one point I was 60% up on initial stake (bought at $0.86 went to $1.37) but with the recent collapse of Crypto I'm currently 65% down (its $0.30) on that initial stake (so a 126% decrease from peak worth) but, as I was never into this short-term, and I've only a small amount invested, I'm content to keep holding for another 2-5-10 years and see what happens.

An Australian friend I worked with in Saudi however went into XRP and Doge hard and, despite being told time and time again that it was a really bad idea, placed his with his entire $80k-AUS life savings in Crypto. He's mid 30's so he potentially has time to rebuild his savings if he stays in Saudi for another 10 years, or crypto bounces back, but he is a living lesson in why any form of Stocks/Shares/Crypto etc is nothing more than gambling for the vast majority of folks.
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This isn't the crypto forum. But the assertion isn't accurate tbh.

Sensible long term investment in sound businesses and index trackers isn't gambling. Throwing all your life savings into some totally unproven high risk assets, that is gambling.
 
mid_gen said:
This isn't the crypto forum. But the assertion isn't accurate tbh.

Sensible long term investment in sound businesses and index trackers isn't gambling. Throwing all your life savings into some totally unproven high risk assets, that is gambling.
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100%

Crypto for 99.9% of us mere mortal is borderline gambling....

Stick with long term proven funds/trackers is the way most individuals should build up wealth. It might not be "sexy" but over the long term, it's a solid plan.
 
ianh said:
An Australian friend I worked with in Saudi however went into XRP and Doge hard and, despite being told time and time again that it was a really bad idea, placed his with his entire $80k-AUS life savings in Crypto. He's mid 30's so he potentially has time to rebuild his savings if he stays in Saudi for another 10 years, or crypto bounces back, but he is a living lesson in why any form of Stocks/Shares/Crypto etc is nothing more than gambling for the vast majority of folks.
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Yes but with rather different risks. Sticking money in some cryptocurrency, even a well established one can lead to big losses or (essentially) complete collapse; see UST for a recent example.

Sticking money into an individual stock can be risky and while BP isn't likely to collapse tomorrow some small-cap stocks might. Generally, people build up a portfolio of stocks or invest in trackers, managed funds etc.. with exposure to perhaps an even bigger portfolio than they'd have been able to build up individually.

So yeah you could say it's gambling in so far as it's speculation, taking on risk etc.. but the degree of risk involved varies quite considerably to the point where I'd not lump them all together. What your friend did is more akin to betting the house on some unknown small cap stocks in the hope of some huge gains.
 
Thursday i lost maybe 3k on my fund value ,friday still down on the ftse but my world etf is in dollars so its not hedged but a strong dollar pulled it back a little
 
Lost suggests its destroyed, cant come back. Its a price tag, the underlying assets are fine I presume. The majority of commodity prices will expand over this whole decade is a fair guess I think, looking for justification on that view shouldnt be too much of a stretch
 
silversurfer said:
Lost suggests its destroyed, cant come back. Its a price tag, the underlying assets are fine I presume. The majority of commodity prices will expand over this whole decade is a fair guess I think, looking for justification on that view shouldnt be too much of a stretch
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yeah fair point not lost ,its becoming easier to be unemotional about these drops tbh
 
Is a Vanguard ISA still a reasonable place to stick some extra cash? Just had my inheritance come through and looking to tuck it away somewhere for a few years.
 
My first foray into stocks and shares had some good news today, Euromoney share price shot up after reports of a takeover.

I'm locked in for another 19 months so plenty more swings and roundabouts to be had, but I'll take the (momentary) good news.
 
I topped up on some rio tinto yesterday.
Was holding some so took brunt of the recent drop.

Probably a bad move. I think long term rio seems a good bet. But putting more in at this time is risky for sure.

I do have a stop on.


Got my third. Try at a 3x on tesla too.

The first one was great. Ended up 20 percent
2nd one was nearly flat. A couple of percent up.
Current one is 10 percent up. Hoping for a good bounce today
 
413x said:
Got my third. Try at a 3x on tesla too.

The first one was great. Ended up 20 percent
2nd one was nearly flat. A couple of percent up.
Current one is 10 percent up. Hoping for a good bounce today
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You hitting the jackpot with those 3x longs! Super risky with this volatility. I actually hung onto the 3x short I had until it was nearly flat, but won't be doing that again, it was 60% down at one point :P I'd feel more confident on short positions than long right now still!

Think I'll keep building my Intel stake this month, dividend is pretty good. Think I'm done trading tbh just going back to boring accumulation mode, leaning towards decent dividends rather than growth.
 
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