Trading the stockmarket (NO Referrals)

Simon said:
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How long did you have it open it for?
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Opened it on the half year results on August 4th.

Shame really as it dipped to 66p a few weeks ago before bouncing right back up to high 70s. Could have made a killing!

Still can't win them all, and I've booked 28.5p profit, which I'd love to repeat! :D
 
Guys,

A little help here...

Say I bought 250 shares in BP @ £4.3530 which totals £1,088.38.

Now, when buying those shares I pay £12.95 commission and 0.5% stamp duty which totals = £12.95 + £5.44 = £18.39.

So total spent on 250 shares = £1,088.38 + £12.95 + £5.39 = £1,106.77

Now say the BP share price goes up by 10% (£4.7883).

Now I sell my 250 shares @ £4.7883

£1,197.70 - £1,088.38 = £109.32

So £109.32 - £12.95 commission = £96.37

So total profit = £96.37

Is that right??
 
Stamp duty is a tax. If you trade more then once in a year it is not nessecerily a profit, you would also make losses and its collectively that'd you'd be liable.
If you make like more then 10k in profit for a year then its taxed otherwise no

dividends already taxed at 20%

UK Government makes over 2bn a year in stamp duty from people who buy uk shares but dont live here. dividend taxes come to about 6bn a year, even pensions pay them thanks to mr brown.

fairly positive close to usa market
 
photoshop said:
Guys,

A little help here...

Say I bought 250 shares in BP @ £4.3530 which totals £1,088.38.

Now, when buying those shares I pay £12.95 commission and 0.5% stamp duty which totals = £12.95 + £5.44 = £18.39.

So total spent on 250 shares = £1,088.38 + £12.95 + £5.39 = £1,106.77

Now say the BP share price goes up by 10% (£4.7883).

Now I sell my 250 shares @ £4.7883

£1,197.70 - £1,088.38 = £109.32

So £109.32 - £12.95 commission = £96.37

So total profit = £96.37

Is that right??
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Dont think so, (but I am **** at maths so get a second opinion :D)

Total cost of buying shares was (inc commission) = £1,106.77
Total cost of selling shares was (inc commission) = £1184.75

I make that £77.98 profit

(Although £250 x 4.7883 =1,197.07 not .70 as you stated but meh, moot point)

Second edit.. My iPhone calculator shows 250 x 4.3530 = 1088.25 Where did you get .38 from. :confused:
 
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Lets do this again then..

250 shares bought @ 4.3530 = £1088.25
add the commission of £12.95 on and you've spent in total £1101.20

Sell your 250 shares @ 4.7883 = £1197.07
out of that "gross" profit you need to remove another £12.95 commission = £1184.12

Total spent £ 1101.20
Total recieved £1184.12

Net Profit = £82.92

ahh didn't do the stamp duty...

£82.92 - £5.44 stamp duty = £77.48 Net profit
 
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Cheers guys. My powers of maths are pants!

Looks like you got to really invest a lot of money to make a descent return to make the risk worth while.
£1k here and there just isnt going to get me far....
 
photoshop said:
£1k here and there just isnt going to get me far....
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Yep, I put in a minimum of £5k. When I first started trading the market I put in £10k in 1 share and made a £2k lost. But now, more seasoned and gained experience from just watching the general movements. After 6 months of trading I've turned over a very nice paper profit, close to doubling my investment.

Vanilla said:
Very tempted to pick up some BARC, they seem to be at a low point and oversold.

Opinions?
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I wouldn't touch BARC but depends on the length of time you plan to hold. Trading on SP pattern is never a good idea, the UK finances are still in a mess and you could waiting a long time for recent 300p highs that we experienced.

jordan282 said:
Is it worth going into RRR now?
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In my personal opinion there is still a lot upside to RRR. Gold prices are still on the up, with production due to start at the end of the month and bucket loads of other news coming. I'm holding for about 12 month with a target price 75p whichever is sooner. But please do your own research.
 
Stockpiling ETFS Natural Gas at the moment.
Performance has been shocking since the ETF launched but I don't think they're getting any lower from this point since the US market has reached saturation point.

They still have huge amounts of reserves but come 2012 those sources will be put to work.

Long term buy. Short term, probably only going to lose money.
 
Poor few days for most of my shares, everything in my portfolio is a 3 - 12 month hold anyways, having nothing to trade short term takes the fun out of things!
 
Should have happened already, they have lots to announce but have dumped the loan and new appointment stuff on us first, perhaps the board wants to let the SP settle first before they publish any trial results, we might end up with a string of shortly spaced news releases to help build the SP rather than ending up with huge fluctuations in price's.
 
Annoyed at myself for not putting a short on the ftse when I was thinking about it at around 5800 levels.

Still, might be worth a shot now...
 
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