Trading the stockmarket (NO Referrals)

Can anyone recommend any good books or free online guides/tutorials into share dealing? I'm not talking about what to buy etc more the background of share trading, its history, usual trends and explaining the jargon and the like.
 
ps3ud0 said:
Might not be the right thread but Im considering doing some trading (rather than investing since the long term is too far away :p) but am a complete novice apart from some share tracked ISAs (only just recovering :().

Any advice on what brokers to use or websites/newspapers to use for research? Looking over the last few pages it definitely seems that luck and research are key aswell as having a slightly 'glass half empty' viewpoint about things...

Are there websites where I can play with monopoly money (with relevant transaction fees and duties) to test my skills/research before I even bother to put my cold hard cash on the line? Not looking to put in that much - say £5k max - is that even worthwhile?

Again complete novice - sorry if Ive asked in the wrong thread (please point me in the right direction - didnt want to make a new one as I knew Id get idiots posting and it seems most people here are actively trading currently), just found it interesting when I glossed over the posts since the start of July...

TIA

ps3ud0 :cool:
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Someone reminded me of this thread - anyone fancy dishing out some advice/links? My own knowledge on this area is very over-estimated so rather start from the Dummies stuff and work my way up :p

ps3ud0 :cool:
 
Heres my post from just after yours linked july 2010 - http://forums.overclockers.co.uk/showpost.php?p=16949329&postcount=1619

RRL did go up in the end, could be luck but I definitely try to justify my actions so when I screw up I remember why the **** I did that.
So far as I know, everyone here is learning by trial and error

Look at GKP today or this week, what hell is it doing :confused: You're asking us to explain the impossible :p

I did think yesterday of a retrace to 160p area. Didnt exactly write it down so doesnt count because its very easy to kid yourself all the time, 'I knew that would happen'

start from the Dummies stuff and work my way up
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Ive posted about nakedtrader a few times, he is a journalist. Should be much easier to read then anything I can say. If the blog no good (lots of ads), read the book

fancy dishing out some advice/links
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Here is every link I have on screen now -
[I removed my gambling links instead goto stockchallenge & enter the draw for April and come back to us on the 30th with what you learnt. ]

http://www.moneyam.com/?redirectURL=http://www.moneyam.com/stockwatch/
http://wallstreet1928.ning.com/
http://finance.yahoo.com/q?s=csco&ql=1
https://share-dealing.halifaxshared...App/sdaccountvaluation.asp?PortCode=D00848015
http://stocktwits.com/
http://us.cnn.com/?refresh=1
http://www.freestockcharts.com/

Cj1TJ.png


If thats not enough, more spam at iii


No - didn't want anymore retail exposure after HMV
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Yep I dont like UK retail. Why would I. Its a bad recession, crap recovery and if thats wasnt enough we have a natural decline due to efficency savings of the internet retailers.

So JJB is a falling knife, can always recover but risky as can be I would guess, didnt even look :o


Worse regret is being told to buy BEM Beowulf mining last summer. I did read on them but no current production and Ive no idea if they would find the resources they were looking for, I wasnt able to guess even really.

So again didnt invest and now they are up 5000% or something silly. Should have read harder, does anyone here study geology ?


Google BEM > finance > http://www.google.co.uk/finance?q=B...ent=firefox-a&um=1&ie=UTF-8&sa=N&hl=en&tab=we
> http://www.proactiveinvestors.com/c...-iron-ore-quality-and-deposit-size-13152.html


RRL closed on the 5 day average price. Rough uptrend at 18.6 to 19 and low of the last week was decent support at 16.27. Trading volume at 28m makes this a weak pullback I guess
 
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StockMarketWire.com - Caza Oil & Gas has plugged and abandoned the Marian Baker no.1 well on the Arran prospect in Acadia Parish, Louisiana. Caza said that although several sand sections exist throughout the wellbore, the log data indicates that the targeted Middle Frio section between 12,500-15,462 feet has extremely low porosity and permeability. Caza Oil & Gas Inc (LON:CAZA) share price was -16.50p at 36.75p (-31%.

Sound Oil, whose share price has been climbing recently, brought out a statement today that it had noted the continued recent rise in its share price and confirmed that the board was not aware of any reason for such movements. The company has upstream oil and gas company with assets in Indonesia and Italy. Sound Oil PLC (LON:SOU) share price was off slightly -0.15p at at 5.9p

Profit taking at Rockhopper, the North Falkland oil and exploration company, led to its shares falling in trading in London. Yesterday its shares jumped 33% after news that tests at one of its wells showed that it was probably commercially viable. Rockhopper Exploration PLC (LON:RKH) share price was -11.5p at 276p. Other Falkland Island explorers followed suit with Desire Petroleum (LON:DES) down 2.25p at 37.75p, Borders and Southern(LON:BOR) down 1.5p at 61.50p and Argos Resources (LON:ARG) also down 0.50p at 34.25p.
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http://www.stockmarketwire.com/display/?id=4108568&sectionId=standardNews
 
silversurfer said:
:eek: Caza is the main holding of my junior oils fund however that only amounts to 0.48% for me overall, room to buy some more maybe
Still long term bullish looks like, price at 200 day average. Needs to maintain 36.44 and 29.23.
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Caza is a bit of a leaky share, I should have cashed out yesterday. It was a bit of a give away as there wasn't any pre-drilling rise. I brought at 24p so still in profit and Caza still has potential with several drills fully funded. Fingers crossed for some good Windham results soon.
 
Can anyone explain what's happened with JJB? Just trying to get my head around share malarky :p.

The share price went up 25% in speculation of the CVA meeting being positive. It unanimously was, yet the share price dropped 10% after and another 20-30% this morning. I just don't get it :confused:.
 
Also, is it normal to not be able to amend/cancel limit orders, or not have more than one limit order per stock? If not, can anyone spec me a better broker than HSBC? :p
 
Russinating said:
Can anyone explain what's happened with JJB? Just trying to get my head around share malarky :p.

The share price went up 25% in speculation of the CVA meeting being positive. It unanimously was, yet the share price dropped 10% after and another 20-30% this morning. I just don't get it :confused:.
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Typical volatility of a company struggling to transform an outdated business model imo. To my mind, JJB/HMV/YELL are one and the same. If you can trade the volatility, you can win or lose big. Trouble is, can you rely on the business model to pull you out of trouble given enough time if you get your entry point wrong?

There's good money to be made in backing a recovery play, but personally I'm not convinced any of them will stand the test of time...
 
Dunks said:
What do you mean more than one limit?
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Well if I bought a stock at 50p for example and it's now at 40p, I'm unable to have two sell orders: one at 30p to cover my losses, and one at 60p to pull out if it spikes.

Also once a limit order has been set up I'm unable to sell manually, so if I set one up at 60p and it eventually reaches 50p again but isn't going anyway then I can't sell without spending 10 minutes ringing HSBC up.
 
Kingy said:
Typical volatility of a company struggling to transform an outdated business model imo. To my mind, JJB/HMV/YELL are one and the same. If you can trade the volatility, you can win or lose big. Trouble is, can you rely on the business model to pull you out of trouble given enough time if you get your entry point wrong?

There's good money to be made in backing a recovery play, but personally I'm not convinced any of them will stand the test of time...
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That makes sense, but then why the price increase before the meeting?
 
Kingy said:
Typical volatility of a company struggling to transform an outdated business model imo. To my mind, JJB/HMV/YELL are one and the same. If you can trade the volatility, you can win or lose big. Trouble is, can you rely on the business model to pull you out of trouble given enough time if you get your entry point wrong?

There's good money to be made in backing a recovery play, but personally I'm not convinced any of them will stand the test of time...
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Ive made a fair bit of money on jjb last time the price went up from 5p to ~40p, i also should have made a lot more by selling out earlier, but this is where the skill lies and I was just basically gambling.
 
^^ Buy on the rumour & sell on the news. That phrase probably describes better the market then the entirety of this thread


Caza still plummeting (-9%) but in fact no worse then yesterday and within my battleplan :p just about
High volume, dire losses so I guess it was really bad news or at least a harsh switch from extreme optimism to despair and capitulation

Scaling in some on this which is a bit risky as Im not quite sure , very slight position so no biggy


5p to ~40p,
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that could tempt anyone
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Bid/Ask mechanism explained - auction theory

Following a chat about buyers/sellers at levels, I thought I'd upload this.

There can never be more buyers than sellers at a level so there is no way to measure this through volume.

The only thing we can measure is the # of buyers paying the spread (aggressive buyers).

So, when people say the buyers are winning it does not mean there are more buyers, it simply means that the sellers are lifting their offers away and the buyers are bidding higher, the exchange simply reports the last transacted price.
http://www.ioamt.com/media/videos/studymaterials/bidaskmechanism/bidaskmechanism.html

[^^ Order book ~ level 2 etc]
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