Trading the stockmarket (NO Referrals)

aardvark · 6 Oct 2010 at 11:07

had a little punt in cnr - still a very small market cap at £18M, what the hell, its only money!

Morgoth · 6 Oct 2010 at 11:12

I wish I had money to throw into CNR, it's all tied up in other shares.

Firestar_3x · 6 Oct 2010 at 11:13

Me too, don't want to invest anymore this month.

Duke · 6 Oct 2010 at 11:15

CNR is coming down now a bit.

Ironic Namesake · 6 Oct 2010 at 11:46

Duke said:
CNR is coming down now a bit.

Yeah, still 42.9% up today , can't complain really

Duke · 6 Oct 2010 at 11:49

Yep but not a good time to go in at the moment though I expect.

randal · 6 Oct 2010 at 12:05

And we're back up at 46%, phew.

Bes - feel like making today's prediction for close?

Ironic Namesake · 6 Oct 2010 at 12:15

33.3% up only currently, gone back down a little bit

booyaka · 6 Oct 2010 at 12:21

Always likely to retrace somewhat after the frenzied last 2 days!!

Nearly as many shares traded as RBS!!! (26m v 31m)

-fedexer- · 6 Oct 2010 at 12:29

Can you guys guide me into this, what websites do you use to monitor your stocks? and is there some type of account you must have or fees you must pay to play the stocks?

Total "newb" at stocks tbh, i'd be interested in playing penny shares, and see if that gets me anywhere, don't have massive amounts of cash lying around to throw at this

RichIbizaSport · 6 Oct 2010 at 12:55

www.shareprice.co.uk - for monitoring live prices, can also input your buys and it calculates what they're worth in relation to the live prices.

Completely free.

I use www.x-o.co.uk for trading, £5.99 per trade (buy or sell), then you have stamp duty to pay on each buy transaction.

I started dabbling in penny shares around 6 months a go, the two above sites have been all i need.

booyaka · 6 Oct 2010 at 13:12

www.iii.co.uk is what I use for buying and selling shares (albeit i mostly buy for the long term so not much selling)

randal · 6 Oct 2010 at 13:14

mcast123 (or a mod) should really put this information on the first post, it gets asked every other page these days. Would help prospective traders no end.

-fedexer- · 6 Oct 2010 at 13:59

So are penny shares quite unreliable at making a profit i assume, from what i read there are large risks taken with penny shares as they're often hard to sell off?

Simon · 6 Oct 2010 at 14:10

-fedexer- said:
So are penny shares quite unreliable at making a profit i assume, from what i read there are large risks taken with penny shares as they're often hard to sell off?

They are more risky yes and often difficult to sell or buy large volumes

Bes · 6 Oct 2010 at 14:27

-fedexer- said:
So are penny shares quite unreliable at making a profit i assume, from what i read there are large risks taken with penny shares as they're often hard to sell off?

the spread is a killer on a lot of pennies.

-fedexer- · 6 Oct 2010 at 14:32

So you recommend spread betting on penny shares bes?

Bes · 6 Oct 2010 at 14:36

-fedexer- said:
So you recommend spread betting on penny shares bes?

NO!!!!!!

God no, quite the opposite.

Spread betting is leveraged and most SB brokers won't even allow SB on penny stocks as their market cap will be too small. (There are exceptions of course)

The Bid/ Offer spread on them is often so wide, (the diff between the buy and sell price), that it can be hard to make a profit on them

Morgoth · 6 Oct 2010 at 15:02

Wish I could have stuck more than £1k in OTC now...

-fedexer- · 6 Oct 2010 at 15:02

Ahh okay, a misunderstanding on my side of the fence, i'm still learning but won't be taking a lunge anytime soon, need to get my pennies from work first before spending the pennies so to speak :cool: