Trading the stockmarket (NO Referrals)

If there is a collapse - is it a) the perfect time to buy loads of cheap shares at high risk of them dropping lower or b) the best time to keep your money to yourself?

Who knows? :p
 
i know nothing said:
B. Cash is King right now.;)
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Yep things are definitely heading lower, best sit on your money and buy back in as near the bottom as possible. Though some shares do look really cheap now they are probably going to become a bit cheaper yet. Sure there will be up days but the general trend is down. Some say this could continue for another month or so.
 
Ahleckz said:
Right, I want to come and join this party.
I've been tracking prices for a while, and scribbling it all down on backs of envelopes and my picks seemed to have been alright (mainly in the Oil & Gas industry, and taking advice from my father who is a leading expert in that field).
Only going to be investing £250 or so (is it even worth doing?), for now, as that's all I'm willing to lose for the time being.
Who should I be approaching to broker for me? I have an RBS bank account if that helps.


Edit - looking at it, at £10 a trade, is there really any point in investing such a small amount? I'll be needing big gains before returning any sort of profit...
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£250, not really I'm afraid. As you say, £10 in, £10 out again.. £20 + a bit of commission maybe, that's already 8-10% of your stake, so you're going to need a big margin to profit. I started out with £500 and soon became tired of the margins because even though I was profiting, you are just working for the brokers.

If you want to start trading, a) right now is not the time to jump in, wait a few weeks and see how the Euro handles its mess, and b) begin with one of the emulation trading games, bull bearings etc, invest as you would with your real money, see how you get on.
 
Couple of good days for MTA, up 7.39% today hopefully ahead of a positive RNS on Monday.

edit 8.37%... c'mon MTA...
edit 10.21%...
edit 12.32% this has got to be too good to be true. :)
 
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MTA are going mental, 5.75p
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0.62 (12.13%) at this moment

RNS out this monday and the leak is possible, this means maybe 10p or more.
 
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Buy on rumour, sell on news, as soon as the RNS is out be prepared to sell, if not before as a lot will, then it'll retrace.
 
gord said:
£250, not really I'm afraid. As you say, £10 in, £10 out again.. £20 + a bit of commission maybe, that's already 8-10% of your stake, so you're going to need a big margin to profit. I started out with £500 and soon became tired of the margins because even though I was profiting, you are just working for the brokers.

If you want to start trading, a) right now is not the time to jump in, wait a few weeks and see how the Euro handles its mess, and b) begin with one of the emulation trading games, bull bearings etc, invest as you would with your real money, see how you get on.
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An emulation game will just ruin me - I'll see the potential gains that I will (obviously) be making and thus throw in too much.
Better for me to stick to one initial outlay.
But, as you said, not really worth it at the moment. I'll just keep giving my tips to my friend who has lots more money and is planning on investing - hopefully I can reap what he sows.
 
14.29% up for MTA, I fear there will be a retrace around 3pm as people start to slice some profit off the top. I reckon a 7-8% increase finish, hoping for more given the volumes.
 
MTA does seem frozen at 5.8p right now (people going to lunch? :D)

Could go either way, but i'm pretty sure that either way, even at 7% we've all made a tidy profit today
 
booyaka said:
well - will wait and see - but not all news is good news!:D

I hope it is but with a good gain today I would be tempted to lock in my profits by selling and then possibly rebuying.
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Edit: Oh you're talking about MTA oops. Below applies to RKH :D

Rise today is just repairing the falls after the recent RNS was a placeholder for 10 - 15 days which caused the filthy day traders to sell and make money elsewhere :)

Considering selling my original stake though but I don't see the results being anything but fantastic. To quote a poster on iii, for the share price to drop through the floor (ie - 70% or so for me to make a loss) the next RNS would need to say "sorry guys, we found custard not oil" :D
 
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