Trading the stockmarket (NO Referrals)

Right guys,

I want to get into thos trading mylarky.

Its gathering next to no interest in my savings account so might aswell put it to good use.

Got 10k to invest but looking to make quick returns.

How's best to get involved and what commision and taxes do you pay on trades?
 
I also have £10k sat in the bank and getting a bit sick seeing it sit there getting next to no interest.

Thinking about trying the shares game. However i'm not looking for a quick profit, can happily sit on some shares for a year or 2. Was thinking of buying into BP @ 433, am i mad in thinking about doing this?
 
I've just put together a virtual portfoilio on Google Finance with a virtual £5,000 trading account. Picked:

RRR
BP
RBS
Barclays

Will see how i get on :)
 
Last edited:
Closed my short on LLOY @ 65p earlier today. Will look to re-open if there's a spike, but I'm happy to take profits for now...
 
Theres one thing i dont understand.

Take BP's current share price of £431.50.
Why does buying 250 shares total £1,088.38?

250 shares @ £431.50 = £107,875.00

Am i missing something here?
 
Put a quarter of your equity in Gold and go long for a few months.

It's currently at 1350 - If you can get it cheaper all the merrier.

FTSE resistance at 5680 - I got some for 5665 which was a result
 
Go onto bullbearings and buy BP shares virtually, 'little' details like that are all over the place and its not nice to learn it with real money.

Another thing on a demo account is if they give 100,000 and your real budget is 1000 then increase all your practise deals by 100 times so you get a realistic feel.

RRL threatening to lose that support today. Pretty darn weak considering, well done to those that foresaw it somehow.
The negative thing to note here is the volume is still above average, not as much as it was on breakout but this continued volume on a pullback helps to confirm its not so likely to bounce

Its done whats known as gap fill where the price jumps up then pulls back to fill the gap. It can be a point where it then continues to rise. If it did rise back look for resistance at 7.3 area


Most positive chart is RRR and the majority of buyers in the last ten days are at 9 or 10p so that is support. It tested it on wed already


On a yearly basis 56p for Lloyds looks a good place to buy if possible

llloy.gif
 
You must log in or register to reply here.
Back
Top Bottom