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Trading the stockmarket (NO Referrals)

Discussion in 'General Discussion' started by mcast123, 2 Apr 2009.

  1. dowie

    Capo Crimine

    Joined: 29 Jan 2008

    Posts: 53,030

    its just fluff... tells people what they think they need to know at a very simple level
     
  2. FreeThinker

    Associate

    Joined: 28 Aug 2015

    Posts: 6

    I would be very careful with day trading. As even pointed out on wikipedia there has been no Warren Buffet of day trading been known yet. I prefer a strategy as described on the blog "early retirement extreme": Depending on your lifestyle save an amount of e.g. 150 thousand pounds and invest it in several index funds in order to achieve an average annual yield of 15 to 20 percent to live on.
     
  3. dowie

    Capo Crimine

    Joined: 29 Jan 2008

    Posts: 53,030

    not true - Jesse Livermore was around long before Buffet and built his fortune from scratch starting out day trading in a bucket shop - would be worth over a billion today

    it is true that that sort of speculation is inherently risky but there have been plenty of other big successful traders who have made very large sums with short term directional bets

    George Soros, Paul Tudor Jones, Joe Lewis... all billionaires
     
    Last edited: 14 Sep 2015
  4. tintin82

    Hitman

    Joined: 27 Aug 2009

    Posts: 702

    Re Naked Trader. I have read countless books on investing right from NT up to books on accounting standards and practices.
    NT is great for a very basic entry level, assuming you know nothing about the stock market. Yes, there is loads of 'fluff', but it would do the job of appealing and educating someone with the most minimal of knowledge. The FT guides are good also, certainly less 'fluffy'.
     
    Last edited: 14 Sep 2015
  5. Elixir

    Wise Guy

    Joined: 17 Jul 2011

    Posts: 2,079

    Yeah a few chapters in and I can see what you mean, it has a fairly significant biography and comedy focus to it. A fairly good read so far though, I'll just use it as a soft introduction before moving on to more technical stuff.
     
  6. silversurfer

    Capodecina

    Joined: 13 Jul 2004

    Posts: 19,389

    Location: Stanley Hotel, Colorado

    Finally a decent advantage to being a privatised company, not sure it helps RMG profits or not but I imagine they would be well compensated for it

    [​IMG]

    NT is for absolute beginners, the main criticism is probably he has alot of natural talent and the book wont give you his unique perspective on risk vs profit. He does seminars that might be more of a thing to gain a real advantage. For somehow whose never read up before, I think its a good book
    I think they work around investment considerations even if they are speculating with great timing. Most should be within the investment on a longer time frame. Livermoore was the richest man while shorting '29 crash but also went bankrupt twice, always take profits is the best lesson imo

    Forced to sell Dragon Oil as it was just too good a company apparently even at $40 oil, it got bought out. Oil rising quite strong for the moment
    BP's problems which uk's own warren buffet seems to agree with http://www.morningstar.co.uk/uk/news/142139/bp-faces-challenges-as-oil-reserves-fall.aspx
     
    Last edited: 16 Sep 2015
  7. inferno

    Wise Guy

    Joined: 23 May 2004

    Posts: 1,981

    I've just registered my trading account. Going to invest 10,000 usd in vanguard ETFs and see how I get on. I'll use this as my main pension fund.

    Does anyone know any ETFs or companies specialising in Iran, my friend made an absolute fortune investing in Sri Lanka after the war and I guess Iran could be the same
     
  8. Dave

    Mobster

    Joined: 30 Oct 2004

    Posts: 4,946

    Location: Sacramento, CA, USA

    Going to be a painful couple of months as reserves booking season is upon us. We could see BP/Shell reducing reserve levels by quite a large amount as reserves are booked on the basis of economically recoverable oil. Naturally this volume is quite a bit higher at $100/bbl compared to $45/bbl!
     
  9. sityeuropa

    Wise Guy

    Joined: 3 Oct 2014

    Posts: 1,592

    My latest trades after a year and half of learning. Hopefully getting quite consistent now. I do intraday trading. In and out.

    Past month and half. Just hard to get time to focus on it as I need to be on early shifts to catch the U.S markets.

    [​IMG]
     
  10. Elixir

    Wise Guy

    Joined: 17 Jul 2011

    Posts: 2,079

    Their business plans will be based on a higher oil price though, probably around $70.
     
  11. Dave

    Mobster

    Joined: 30 Oct 2004

    Posts: 4,946

    Location: Sacramento, CA, USA

    Yes and no - booked reserves from last year would have been benchmarked at ~$80 and possibly higher. One region has said that all future well plans and booked reserves are essentially going to be written off this year!
     
  12. Irish_Tom

    Capodecina

    Joined: 18 Oct 2002

    Posts: 13,372

    Looking good. How do you select your shares?
     
  13. sityeuropa

    Wise Guy

    Joined: 3 Oct 2014

    Posts: 1,592

    Some of the key things I tend to follow.

    From day to day following the momentum, so if U.S stocks are down then I will look to short (sell) for that day.

    Looking for stocks that have a down sloping moving average 40/200 day. Bad Earnings per share. Opposite if U.S stocks are up.

    Being strict and setting stop limits. So I will close no matter what if I'm losing 2%.
     
    Last edited: 21 Sep 2015
  14. Irish_Tom

    Capodecina

    Joined: 18 Oct 2002

    Posts: 13,372

    Good tips, thanks for sharing. :)
     
  15. silversurfer

    Capodecina

    Joined: 13 Jul 2004

    Posts: 19,389

    Location: Stanley Hotel, Colorado

  16. haz_pro

    Wise Guy

    Joined: 11 Dec 2009

    Posts: 1,590

    Which company are you using for this please?
     
  17. sports_brah

    Thug

    Joined: 4 Jan 2013

    Posts: 3,783

    Had my interview for the options trading. Was quite difficult but had a good repore. Fairly certain its mine if I want it.

    Not sure if its for me though. Hmm decisions decisions.
     
  18. silversurfer

    Capodecina

    Joined: 13 Jul 2004

    Posts: 19,389

    Location: Stanley Hotel, Colorado

    Nice to have options :p

    [​IMG]

    Japan a big leader in QE, FED and their 'easy policy' arent the only players in the game. Its a tug of war with everybody leaning in :o

    WEIR leaves the FT100 but FT250 usually the better index for growth afaik and they still got service contracts and cashflow I believe.
    Took some CEY before div and its gone up so far, heres my [*] for gold actually rising in volatility like it should. No debt and profitable operation, only minus is military junta :o
     
  19. FreeThinker

    Associate

    Joined: 28 Aug 2015

    Posts: 6

    What annual yield would you think is realistic in the long run? I would say if you achieve in the long run an average annual yield of 10 to 15 percent than you are a very successful trader or to use a word I feel more comfortable with: investor. The best investment vehicle according to my knowledge are index funds. If you go to http://www.morningstar.co.uk/uk/fundquickrank/default.aspx and click on performance you find the best performing funds in the UK and other countries.
    One of the best performing funds of the last 3 years according to that morningstar database is: AXA Framlington Biotech Fund GBP Z Acc. Downsides: Minimum investment 100k and yearly charge 1.84 percent.
     
  20. Bear

    Capodecina

    Joined: 24 Oct 2002

    Posts: 13,189

    Location: Bucks and Edinburgh

    Many brokers in the blurb say you need a min investment of £100k but it doesn't apply to all brokers. I hold the Axa framlington biotech fund and only have a few £k in it