Trading the stockmarket (NO Referrals)

Where do you read?

EDIT: I have just over £1k to get started with, having looked at RRR's previous week performance, it looks like it jumped a bit soon after opening. Should I place a trade now to be made when the market opens or is that generally thought of as a bad thing to do?
 
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You might want to try a virtual portfolio before you go in with real money.

RRR is a risk share, you could make a lot or lose half / the lot.

Can't really day/week trade with a grand unless you get lucky as trading costs will kill small profits.

There is quite a few good plays at the moment, but very few are guaranteed, and it is tempting to jump straight in.
 
monkeypants said:
Apologies for waltzing into the thread like a public schoolboy into a blue collar bar, but where do you guys research? I've got an account with Barclays but am a trading noob and don't really know what I'm doing.

It's hard to keep track and I don't have a lot of spare time at the moment.
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Sign yourself up to all the news bulletin websites you can find related to the type of stock you want to get into, also look into government info of what's happening in the area. Who's owns what licence area, even down to other companies stocks and what they are talking about.
Try to extrapolate what the various RNS releases are saying, think ahead as to what avenues they are going toward... then read up on that. :D
Read all the ramping and deramping posts, take everything with a pinch of salt. Keep track of those that talk sense ;)
I watched a billion and one "trading" videos on youtube as well :D
 
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monkeypants said:
Where do you read?

EDIT: I have just over £1k to get started with, having looked at RRR's previous week performance, it looks like it jumped a bit soon after opening. Should I place a trade now to be made when the market opens or is that generally thought of as a bad thing to do?
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Just some of the boards. Placing trades outside of hours isnt a great idea. You won't gain anything as it's likely shares will already be up the second the Market opens.

Do research. If 1k is all you have then you probably want to avoid high risk shares.
 
Where's best to try this virtual portfolio? Google shows here: http://www.virtualtrader.co.uk/default.asp would that do the job?

I'm more after advice on how to research, and techniques and tips so that I can do it myself than anything, but RRR seems to be doing so well it'd be silly to miss out. But yeah, I know the risks of investing in the AIM (or anywhere for that matter).

Without completely going into my finances I have approximately 10x that floating in an account that I could use should I choose to (read: get good enough to be willing to risk it)
 
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It's not about being "good enough" to risk it. Even the pros screw up. What you do need to learn is whether you can afford to lose the lot, if you can't, stay away from putting that money anywhere near a share account or on a "dead cert"
 
+1 just wanted to add to that.

Take modest profits - Don't get greedy. I took a modest profit 40 minutes ago of around £200 and it worked out very well, had I not I would now be sitting with zero.
 
Nice summary from last week
Juniors shine amongst resource plays

While the broader oil and mining sectors struggled, British North Sea explorer and producer Premier Oil (LON:PMO) performed admirably following speculation over a potential bid from KNOC in the Sunday press Amec Plc (LON:AMEC) also did well, but the hot money continued to chase after the junior exploration plays. Eight of the top 10 new high gainers this week were gold, coal, diamond and oil explorers.

The most active share on Thursday this week was Range Resources (LON:RRL) with a massive 165m shares traded while it surged 19% to a new high. The company reported that 68 structures had been identified as potential reservoirs across its licences in Georgia and independent best estimates showed potential across the structures for discoveries of up to 2bn barrels of oil. Xcite Energy (LON:XEL). continuing its run, now up almost 400% year to date, reported Wednesday that it had entered a binding letter of intent with BAOL to use the Rowan Norway - a deep water jack up rig - on their Bentley field when it becomes available. First stage production is planned for Q4 2011.

Private investor favourite Red Rock Resources (LON:RRR) stated that it had started drilling at the Migori gold project in Kenya. The company is expected to report soon and anticipation is high with the company's shares up another 21% this week to make 700% year to date.
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Im trying to get RGM but it wont let me! I can see the price constantly going up, its gone up from 8 to 9p whilst Im waiting for the deal to go through.Edit make that 10p. Thats 26% ive missed out on :(

RRR just hit 18p though, thats the first time a share has tripled on me.
 
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@monkeypants : My advice is don't get too carried away, its nice to see massive profits in your portfolio (in relative terms) but you've got to stay grounded and take the profit slices when they come available. I've missed countless big profit slice events due to me been greedy and a retrace occurring over the coming days/weeks. I've recently changed my tact as getting burnt with some cost me a few quid and some pride :p so i'll happily take any profit as good profit.
Read as much as you can, google, shareprice, iii, the news etc etc . Don't believe all what you read (my post included ;) ).
Ohh and only play with what you can afford to kiss goodbye !, especially if its high risk.......
Hope that helps in some way........
 
Simon said:
Im trying to get RGM but it wont let me! I can see the price constantly going up, its gone up from 8 to 9p whilst Im waiting for the deal to go through.Edit make that 10p. Thats 26% ive missed out on :(
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Buy 50000 RGM - REGENCY MINES ORD GBP0.001 at a price of 9.805p

Just ran that through Halifax.
 
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