Trading the stockmarket (NO Referrals)

haz_pro · 30 Jan 2012 at 21:35

Hey guys, where do you "learn" to trade the stock market? I am interested in using a bit of my saved money to give it ago. (Not too much, I don't want to risk money I can't afford)

My university suggested trying "tradeversity" but the website is terrible and rarely works.

dowie · 30 Jan 2012 at 22:14

haz_pro said:
Hey guys, where do you "learn" to trade the stock market? I am interested in using a bit of my saved money to give it ago. (Not too much, I don't want to risk money I can't afford)

My university suggested trying "tradeversity" but the website is terrible and rarely works.

Get a job at a prop firm, hedge fund, options market making firm etc...

It's not really the sort of thing you can learn from a book/course - the majority of books on the subject, aimed at retail punters, are absolute bunk.

haz_pro · 30 Jan 2012 at 22:55

dowie said:
Get a job at a prop firm, hedge fund, options market making firm etc...

It's not really the sort of thing you can learn from a book/course - the majority of books on the subject, aimed at retail punters, are absolute bunk.

Hmm... unfortunately not the sort of answer I was hoping for. :mad:

Everyone else here agree with what dowie said?

dowie · 30 Jan 2012 at 23:43

Ah ok, not the reply you wanted, in that case ignore what I posted before, all this trading lark is really easy - just get some books on technical analysis then open an account at a spread betting firm... play around with the demo until you've seemingly made some money then hand over your savings to them....

haz_pro · 31 Jan 2012 at 08:36

dowie said:
Ah ok, not the reply you wanted, in that case ignore what I posted before, all this trading lark is really easy - just get some books on technical analysis then open an account at a spread betting firm... play around with the demo until you've seemingly made some money then hand over your savings to them....

I meant it as in I was hoping the answer would be more positive for myself, no where did I say I was ignoring what you said because I didn't agree with your answer.

No where did I push aside your view point, I was just asking for other peoples opinions (you know, with this being a forum and all...?)

Calm down with your sarcy comments, very mature.

nightwish · 31 Jan 2012 at 09:19

haz_pro said:
Hey guys, where do you "learn" to trade the stock market? I am interested in using a bit of my saved money to give it ago. (Not too much, I don't want to risk money I can't afford)

My university suggested trying "tradeversity" but the website is terrible and rarely works.

If I were you I would look at 'investing' (long-term), not 'trading' (short-term). Quite different in practice.

Start by reading up about 'value investing'. You may decide you don't want to be a value investor, but it's a good place to start learning.

The biggest enemy is your own psychological biases. Read up about 'cognitive biases' on google.

Read about your shares on III and ADVFN, but take everything you read on an internet message board with a pinch of salt. Remember that some people have an interest in making the share price move one way or the other, and others will always be wildly optimistic.

Do your own research. Don't be a sheep. Trust yourself. Be patient.

jmhduck · 31 Jan 2012 at 09:25

haz_pro said:
Hey guys, where do you "learn" to trade the stock market? I am interested in using a bit of my saved money to give it ago. (Not too much, I don't want to risk money I can't afford)

My university suggested trying "tradeversity" but the website is terrible and rarely works.

I wouldn't say I've learnt to trade the stock market, but I do own some shares. I'd recommend the naked trader book to start with. You could try fantasy trading as well.

haz_pro · 31 Jan 2012 at 10:49

Thank you both for your replies, I will look into everything you have said.

Firestar_3x · 31 Jan 2012 at 10:57

My basis of investment is usually about the company’s fundamentals, I look into the management i.e. what they have previously done in other jobs, contracts on the horizon, current price and what added value any future deals will have, can take some time before i dive in but at the end of the day investing in this way is about playing the long game, i'm not that interested in short-term.

Simon · 31 Jan 2012 at 11:52

I just randomly pick companies I've never heard of and hope

silversurfer · 31 Jan 2012 at 12:52

lol thats the expensive way. I think thats what everybody is doing more or less tbh. Do the stockchallenge game, other fantasy trading should just be for a quick look over, etc

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This guy is giving a free lecture, he is good. Contact me and I'll refer you to this firm hosting it, they do a special deal and apparently 'free' means you do need to be a client (not a big deal, its a free account)
very long link

Or I know someone not a business who teaches over skype how he daytrades. He does charge though, ask and I can give details. Again Ive followed him for years

VGM gone right back up, gold bumping along along a ceiling. Should have got more now, I will just hold now (probably just reverses again

)

Cairn is up, modestly outperforming.

FTSE is pretty much sideways for a while now. BP doing ok I think, positive reaction to news so I hope it finally returns to five hundreds

Calabi · 31 Jan 2012 at 13:20

Where do you guys get information about the companies?

I mean is there a single site where you can get info for all the companies profits history and stuff.

Morgoth · 31 Jan 2012 at 13:23

www.iii.co.uk is a good place to start.

Blackhawk47 · 31 Jan 2012 at 16:15

Things have gone **** up for me the last few days. Lost over £1000...sold them all now and not going to jump back into shares any time soon. Time for a much needed break I think.

Dunks · 31 Jan 2012 at 16:19

Who were you invested in?

Firestar_3x · 31 Jan 2012 at 16:24

Why did you sell them?

silversurfer · 31 Jan 2012 at 18:15

Share price ≠ company value

Cairn is going to do a 33 for 1 swap I think so price will once again change plus alter after that payout finally clears. 281 is where I count it as being positive, it doubled volume today on a rise which bodes well.
Wonder what 281 will translate to in March though

Once they clear the mire here abouts they are pretty clear for a rise to 420.
I dont know what news would precipitate such a thing but it appears very possible as there is a big gap in volume for most of the 300's

Blackhawk47 · 31 Jan 2012 at 18:38

Dunks said:
Who were you invested in?

I can't help but feel that I made the mistake of putting all my eggs in one basket, or two. That's all.

I should do what silversurfer does and have a massive portfolio!

Will see how things go over the next few months for now. Live and learn I guess.

silversurfer · 31 Jan 2012 at 18:51

Live and let learn

Tell us the symbol, might as well get a lesson from the money. Im curious now heh.
Im invested in SKR, take a look at that one if you want a laugh

Aim listed stocks have been condemned as casino investing by some foreign exchanges, it is pretty extreme

Just watching Chesapeake now, thinking 21 is reasonable. Ive also owned them on and off since 2009. Lowest gas prices in ten years, very conflicted share.
We have started to import LNG from USA, etc potential exists imo

The most popular stocks this month with some small investors. Maybe useful to look up who else is taking an interest, if anyone - http://www.stockchallenge.co.uk/report.php?challenge=1202&report=stocks&order=epic

CNR vs RRL is 1 vs 8

Craterloads · 31 Jan 2012 at 19:02

RRL fighting back today, quarterly results in shortly so looking good.