Trading the stockmarket (NO Referrals)

MeEsH BaKkA · 23 Jan 2011 at 13:07

I brought into rrl £250 @9.1 on fri.

My holding are now:
kea £500 @13.2
rrl £250 @9.1

I hope next week will be good

Morgoth · 23 Jan 2011 at 13:11

[Slip];18294155 said:
What app is that you're using there SS?

Cheers!

It's SharePrice.

Fuzz · 23 Jan 2011 at 13:12

[Slip];18294155 said:
What app is that you're using there SS?

Cheers!

http://www.shareprice.co.uk/pages/services/apps/iphone

[Slip] · 23 Jan 2011 at 14:42

cheers

SideWinder · 23 Jan 2011 at 14:44

So, if i invest £500, i lose money if the share price goes past a certain limit...? Bit confused about the "losing money" part...always the bit people need to know and understand.

Duke · 23 Jan 2011 at 14:48

SideWinder said:
So, if i invest £500, i lose money if the share price goes past a certain limit...? Bit confused about the "losing money" part...always the bit people need to know and understand.

Hmm?

First off you don't win or lose money unless you sell. You buy a number of shares, say 100 shares at 100p each. Say the share price rises to 200p over time and you sell, you would have £200 (minus fees etc). Lower value shares will increase/decrease by a much larger % so are risky but can give big rewards.

SideWinder · 23 Jan 2011 at 14:50

Duke said:
Hmm?

First off you don't win or lose money unless you sell. You buy a number of shares, say 100 shares at 100p each. Say the share price rises to 200p over time and you sell, you would have £200 (minus fees etc). Lower value shares will increase/decrease by a much larger % so are risky but can give big rewards.

Oh it's as simple as that? So i am right in thinking if i have £100 worth of shares and they drop by 10%, if i sold, i would have lost £10 as i would have sold them for £90?

Why did i think it was more complicated...

Strife212 · 23 Jan 2011 at 14:51

SideWinder said:
So, if i invest £500, i lose money if the share price goes past a certain limit...? Bit confused about the "losing money" part...always the bit people need to know and understand.

Well if you buy £500 worth of shares, if they go up to £600 you've made 100, if they go down to £400, you've lost 100, you don't actually pay anything, it's just what you have paid for already is worth less.

[Slip] · 23 Jan 2011 at 14:53

You buy a certain number of shares for that £500 (depending on the price of 1 share of the stock you wish to purchase) then the share price will rise or fall and you "make or lose money" that way.

I'd suggest reading up a bit or using a fake account to start with as to be completely honest with you.. if you don't understand that bit you've got a way to go to safely be able to risk £500.. unless you're loaded of course in which case go for it

Duke · 23 Jan 2011 at 14:54

SideWinder said:
Oh it's as simple as that? So i am right in thinking if i have £100 worth of shares and they drop by 10%, if i sold, i would have lost £10 as i would have sold them for £90?

Yep

If they drop further to say £80 worth you could always go back in, if you think it may rise again.

SideWinder · 23 Jan 2011 at 14:55

I don't even have £500 to invest right now.

I am reading up on it in my spare time. I actually bought "Investing in Shares for Dummies" , very interesting and helpful.

beachBOYken · 23 Jan 2011 at 14:57

did anyone get british airways share a while back when they were something like £1.31?

sold them the other day at £3 a share more than doubled my money

[Slip] · 23 Jan 2011 at 14:57

Duke said:
Yep If they drop further to say £80 worth you could always go back in, if you think it may rise again.

Plus some trading costs that most (if not all) stock brokers will charge, sometimes one for the buy and one for the sell.. the average being around £10 so you've invested £100, lost £10 of your investment but also spent £20 to make your loss hehe

[Slip] · 23 Jan 2011 at 15:00

Scubascorpion said:
http://www.shareprice.co.uk/pages/services/apps/iphone

Bit buggy for anyone else?

The alerts bar is all over the place

Blackhawk47 · 23 Jan 2011 at 19:11

SideWinder said:
I don't even have £500 to invest right now.

I am reading up on it in my spare time. I actually bought "Investing in Shares for Dummies" , very interesting and helpful.

You probably already know this but yes you can lose money in the same way a work colleague/mate of mine did.

He had £7k worth of shares in Northern Rock, which wasn't expected to literally go bust and he didn't sell them before this and basically lost it all.

Trick is to put your money where your mouth is. And I don't recommend investing in banks.

Kingy · 23 Jan 2011 at 19:56

Scubascorpion said:

I've got the Shareprice app, but I'm new to the iPhone. How are you posting 'screenshots'?

Is there a RNS alert app recognised as being the best?

fendi · 23 Jan 2011 at 20:37

Lets hope for a green day tomorrow guys and gals

.

Hopefully we'll end the day with a profit.

mr tommo · 23 Jan 2011 at 20:43

I've just opened my share account through barclays. Only looking to invest £1k at the moment. Keeping my eye on IQE, KEA and Desire in the morning.

SideWinder · 23 Jan 2011 at 20:46

How do you guys pick which ones to go for?

I mean, there are hundreds of companies in lots of different markets...do you stick to a specific sector (banks? oil? etc) and then do a bit of scouting...or just browse and see what you can find? Do you invest in things you have an interest in?

Monkeymatt · 23 Jan 2011 at 20:52

Hello, Basically I have a 3 figure sum that is sitting in the bank doing well...very little. I almost completely understand how the whole losing/gaining money works and am interested in how you guys got into stockmarket trading? What companies did you use, where did you research etc.

Thanks.