Trading the stockmarket (NO Referrals)

[Simon]

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?

Press home and power together.

I could do with an RNS app. Got about 20-25 stocks I would like RNS updates on

 

[smokedog]

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.

This question has been asked numerous times, DYOR on this thread.

 

[mr tommo]

Press home and power together.

I could do with an RNS app. Got about 20-25 stocks I would like RNS updates on

How do you go about getting them at the moment? Is there somewhere I can list the companys I want updates on? (sorry for newbie post)

 

[smokedog]

How do you go about getting them at the moment? Is there somewhere I can list the companys I want updates on? (sorry for newbie post)

Sign up with RNSalerts (www.rnsalert.com)

But their website seems to be down at the moment.

 

[mr tommo]

Thanks

 

[fendi]

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.

Desire? Oh Lawd.

 

[mr tommo]

Not Desire at all. Just been on the phone to my friend whos just lost quite abit must have had it on my mind. Meant ARG as a longterm.

 

[Fuzz]

I've got my eye on Argos too but having seen all the big hitters leave Falklands empty handed I'd rather be looking in more unexplored areas.

I think the Arctic is where it's at next.

Be very Aware that if DES drill comes up dry it's over, they wont have enough money to do another.

 

[silversurfer]

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

Anyone asking about basics should go to bullbearings or stockchallenge. Fill it out with absolutely any stock at all you can think of, 'buy' some then watch what happens.

Those are set 'games' but anywhere with a portfolio service will do. Google finance has one, yahoo, morningstar or trustnet. If you want a book then google naked trader and read his site, notes, tips, book, etc

Other sites to google would be iii, digitallook, hl, bloomberg, FT
Mostly you have to read for yourself, no one here can tell you enough. Even less can we give you experience to know when you might lose everything, track a few shares for a year every day or at least every week and you gain like 1/10 experience


To me its about sifting through the endless spam and garnering the actual pivotal information, mostly I rely on graphs.
My own tip would be to learn on japanese candlesticks
Its then possible in theory to recognise shapes in price history and not have to be versed (so much) in 200 page research documents and verify balance sheets. Others will say thats complete tosh, again you'd have to decide yourself, dyor means its impossible to tell absolutely

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

To me this is a high price for RRL but its more important that a good company is bought then a good price for that moment I'd say in general
Ive reduced my rrl holding waiting for some pullback but their volume has continued to be higher for some time now so that is not sure at all.
What made you decide on KEA?

Gold and silver have pulled back quite a bit, 27 is my silver estimate for its long term trend since 2007 and 25 would be the bottom side of this



Looked at Max Petrolum recently, they look steady and a good prospect though I dont know that much about them
Also re: silver - wanting to look at HER and possibly reenter a position in Hochschild


Also want STAN, INTC, JII, BLT, ABG maybe IGG who are ex-div on weds

Small oil I got that went up: FPM
& went down : HDY

Be very Aware that if DES drill comes up dry it's over, they wont have enough money to do another.

Sounds like good advice, they arent that cheap still are they I presume they'd continue to have future prospects and the need to raise money for them?

I think the Arctic is where it's at next.

In that case, buy BP ? I have a small buy order at 477 to repurchase my previous holding
Also Cairn is moving from India oil exploration and development to Greenland, never yet explored apparently. Company has a brillant history anyhow

 

[Fuzz]

It wasn't me asking for advise Silversurfer.

and I'm already in BP.

 

[dowie]

My own tip would be to learn on japanese candlesticks
Its then possible in theory to recognise shapes in price history and not have to be versed (so much) in 200 page research documents and verify balance sheets. Others will say thats complete tosh, again you'd have to decide yourself,

I'll be one of the ones saying 'that's complete tosh' then.

Just to offer a slightly different perspective - a lot of this stuff is like alternative medicine - its pseudo-science. Some of it perhaps does have merit, some more of it 'might' work, but a lot of it won't work.

I completely agree with the 'DYOR' comment - you certainly don't want to pick up a book/read a web article about Japanese candle sticks or any other form of technical analysis etc.. and then assume that the information presented is correct and applicable to the instrument you're trading.

 

[Blackhawk47]

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?

Well thats the deal. You might be winning one day and losing the next.

Just do research and lots of it.

Eg, I put £2k in RR.L earlier this week. I'm hoping for it to sky rocket and then I'll sell.

With £500 I'd stick into two different companies to be honest. Remember there is stamp duty/trading fees etc so you have to think whether you want long term or short term share holdings. If long term you are going to be getting dividends which basically means say, you have 100 shares in a company where the share price has changed during month/quarter/year (not all companies are the same) so:

Share holdings = 100
Share price = 100.00p
Market value of your current holdings = £100
Dividends pay out per share = 5.00p
Total Dividend pay out to you = £20

But remember that most brokers (well I use HSBC) will let you either have the dividends paid in cash or put straight back in to shares, in the example above you would get 20 additional shares which could yield even more reward next time around.

 

[Ahleckz]

Been tempted to buy some BP, but really don't think it's worth it as the returns will be so small and will need to raise substantially. A long term investment it would have to be but I don't think I'm up for that atm.

Any suggestions on metal companies? I've realized I've lost the boat with oil in the Falklands and can't afford to get involved with Russia so thinking about metals... Tips?

 

[silversurfer]

BP is Russian like 30% maybe more now. Their latest deal makes them even more so a Russian company, do not believe obama with they are british only.

It wasn't me asking for advise Silversurfer.

and I'm already in BP.

I wasnt really trying to give advice in reply, asking your opinion if anything. The deal with the arctic shelf seems relevant, its anyone opinion if it makes them more worthwhile now vs the risks of their forthcoming fines and court cases.
It does seem likely they will be able to split the costs with their partners not bare it alone, they are actually only 60% owner of the perished rig I think it was

A Tip would be to avoid tips. Do your own thinking or how would you know its a good tip anyhow
Try sharecrazy, they tipped RRL.
Generally I just read tips as research, every fact is questionable. Just reading one they sent me today which reads very well, seems too good

Superconductor specialist Zenergy Power (ZEN) has had a rough 2010, its shares having slumped from highs of 133.5p to 23p at the end of the year on the back of contract delays. This poor performance prompted the company to carry out a strategic review of its operations, which has resulted in the firm's commitments to longer term projects being scaled back in favour of refocusing on those that present the best near-term opportunities. A new chairman with experience of managing the expansion of high-growth electrical engineering companies was appointed in May. With net cash of 19.5 million pounds (as of end June 2010), a market cap of 17.8 million pounds seems to be pricing in little more than failure. I am convinced that Zenergy's IP (Intellectual Property) is worth more than this and the shares are a speculative buy, at 25.75p.

thinking about metals... Tips?

Questor tipped Vedanta and Ive held them a while. Self made Indian billionaire, he lives in London and is purchasing most of Cairn India I think

I completely agree with the 'DYOR' comment - you certainly don't want to pick up a book/read a web article about Japanese candle sticks or any other form of technical analysis etc.. and then assume that the information presented is correct and applicable to the instrument you're trading.

Candlesticks is just a fancy bar chart. Its just the price history in graph form, same as all the stuff Yahoo finance lists - Open price, highest price, lowest price & closing price.
If close price is lower then open, its a red bar and vice versa a gain makes it a green bar. On a chart each bar can be 5 minutes of information or for a week
The wick to the candle is the highest price in that 5 minutes and same for lowest price. The size of the bar is difference from open to close so if you see no bar the price didnt change much. If the wick is big, the price went up a lot but came back down again


Thats all info not TA or speculation. The reason I recommend is it improves accuracy, line chart shows only one single thing, the close price and that puts the viewer at a disadvantage. If you use or like graphs, make the switch. TA is seperate

 

[Jimbu]

Been tempted to buy some BP, but really don't think it's worth it as the returns will be so small and will need to raise substantially. A long term investment it would have to be but I don't think I'm up for that atm.

Any suggestions on metal companies? I've realized I've lost the boat with oil in the Falklands and can't afford to get involved with Russia so thinking about metals... Tips?

Have a look at these blogs, they'll give you a good idea of popular shares.

http://thesharehub.com/
http://brokermandaniel.com/

 

[Firestar_3x]

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...

If you had £100 worth of shares your original investment would have been more like £108 - £112, now if the shares went down to £90 and you sold you would walk away with £78 - £82.

You need to remember it costs to buy and sell shares.

 

[panthro]

Anyone got any good info on RRL? Want to invest but need some more research.

 

[silversurfer]

You need to remember it costs to buy and sell shares.

mosdef also spread is the hidden reason why penny shares are actually more expensive to trade and duty is another 0.5% to buy
the trading games will show this up

 

[Fuzz]

If you had £100 worth of shares your original investment would have been more like £108 - £112, now if the shares went down to £90 and you sold you would walk away with £78 - £82.

You need to remember it costs to buy and sell shares.

And the fact it wont sell at "mid price" (the one displayed on most stock charts)

Unless of course you put in a "sell order" at a specific price.

 

[dowie]

Candlesticks is just a fancy bar chart. Its just the price history in graph form, same as all the stuff Yahoo finance lists - Open price, highest price, lowest price & closing price.
If close price is lower then open, its a red bar and vice versa a gain makes it a green bar. On a chart each bar can be 5 minutes of information or for a week
The wick to the candle is the highest price in that 5 minutes and same for lowest price. The size of the bar is difference from open to close so if you see no bar the price didnt change much. If the wick is big, the price went up a lot but came back down again


Thats all info not TA or speculation. The reason I recommend is it improves accuracy, line chart shows only one single thing, the close price and that puts the viewer at a disadvantage. If you use or like graphs, make the switch. TA is seperate

I'm aware of what Japanese candle stick charts are - unfortunately you're mis-informed it is TA and a very dubious part of it tbh... (subjective price patterns) they were developed by Japanese rice traders rather a long time ago to predict price movements.

You might use them as a different way of displaying price data - I certainly don't have an issue with that. You might also use a moving average to smooth data again no issue there.

The issue comes when 'technical analysis' use moving averages crossing each other as a signal or when they use candle stick patterns as a prediction tool.