Trading the stockmarket (NO Referrals)

So I sold half of what I had day before result. It was too close and I thought the risk of leave was too much.
Bought back what I sold on the day.

In hindsight I should have waited until Monday. That seemed to be the bottom.

Topped up on pfc, replaced talk, Je, BT (BT was a bargain on Monday!) and took a risky gamble on lloy
Apart from lloy I thought telecommunications and food were fairly safe
PFC although oil, has most of its contracts in Saudi area

Now most is up 10pc from buy and I'm considering selling.
Je for example is closing in on its year high

Didn't expect this sort of immediate recovery. Can't decide what to do!
 
dowie said:
If you're talking about short term trading (rather than more passive buy and hold investing) then, depending on your background, that might well prove a lot trickier than it looks. (There is a lot of pseudo-science surrounding this area and plenty of bad information on various 'trading' forums so be very careful in how you read them).

This is the book I suggested to initially get a basic understanding of various financial markets and instruments:

http://www.amazon.co.uk/Guide-Using-Financial-Pages-Guides/dp/0273727877
Click to expand...

Currently reading through this book at the moment.

Is there any good forums to join / ask questions on with regards to penny stocks / what software to use, dummy guides to get started, demo software to trade with fake money etc?

Many thanks :)
 
413x said:
So I sold half of what I had day before result. It was too close and I thought the risk of leave was too much.
Bought back what I sold on the day.

In hindsight I should have waited until Monday. That seemed to be the bottom.

Topped up on pfc, replaced talk, Je, BT (BT was a bargain on Monday!) and took a risky gamble on lloy
Apart from lloy I thought telecommunications and food were fairly safe
PFC although oil, has most of its contracts in Saudi area

Now most is up 10pc from buy and I'm considering selling.
Je for example is closing in on its year high

Didn't expect this sort of immediate recovery. Can't decide what to do!
Click to expand...

What platform/broker are you using to buy/sell shares? Would you recommend it/them?
 
The markets are reacting on the speculation that Brexit will not go ahead. As soon as Brexit draws closer, the markets will plummet.

Gove and May have said no article 50 this or next year. So the markets have no need to panic...yet.
 
I bought lloyds on Monday and I've noticed despite the ftse climbing in recent days that lloyds is still falling. Once there are a few days of losses on ftse I think lloyds will hit a new low, so I'm planning to buy more and bring down the average which is currently at 67p as I held this stock pre-brexit (ouch!). My time window for buying is up until July 22nd as I suspect good results are expected, likely why the directors went on a buying spree the other day. Next question will be whether to sell on the post results high or hold on for the dividend. I'll likely sell if the high approaches high 60ies because I think it'll crash again with brexit uncertainty and the dividend will be used to take money from private investors. Will be interesting to read this in a month and see what happened!

Another really interesting stock which I want to get into is NVIDIA because they are central to enabling VR and self driving cars, but it's hard to look at their chart and take a plunge after such a rapid rise, I almost wish there was a recession now just for the buying opportunities!

To answer one question up there I use the Hargreaves lansdown trading platform.
 
413x said:
So I sold half of what I had day before result. It was too close and I thought the risk of leave was too much.
Bought back what I sold on the day.

In hindsight I should have waited until Monday. That seemed to be the bottom.

Topped up on pfc, replaced talk, Je, BT (BT was a bargain on Monday!) and took a risky gamble on lloy
Apart from lloy I thought telecommunications and food were fairly safe
PFC although oil, has most of its contracts in Saudi area

Now most is up 10pc from buy and I'm considering selling.
Je for example is closing in on its year high

Didn't expect this sort of immediate recovery. Can't decide what to do!
Click to expand...

I sold off most of BT, they've been falling steadily since Feb (which is about when I invested heavily). The core businesses are strong, but OFCOM keeps sticking their noses in, and then there's the pension deficit that is probably going to turn out worse than reported.

Not keen on lloyds. Barclays, or STAN would have been my choice, but missed out. Same too on ITV which could be a take over target especially with the fall in the value of the pound.

I use HL for trading too.
 
If you think there is a drop coming then a look at SUK2. FTSE double short for a short term hedge. If FTSE goes down 2% it goes up 4%.

Not a long term hold though as there is a cost of gradually decrease in its price
 
I know that investing in individual shares is high risk but I think SUK2 is practically gambling, I tend not to do the short-term stuff. If I want to gamble I go for sports and then usually the outcome I don't want to soften the blow!
 
it isn't an individual share it is a leveraged ETF... if your portfolio largely comprises of FTSE100 index companies it could act as a crude hedge (say on the day before, day of the referendum result) - obviously there are other options... including options! and futures...
 
ritcH said:
I know that investing in individual shares is high risk but I think SUK2 is practically gambling, I tend not to do the short-term stuff. If I want to gamble I go for sports and then usually the outcome I don't want to soften the blow!
Click to expand...

It's 100 companies not one...
 
Apologies gambling on the short-term movement of 100 companies. There's nothing wrong with SUK2 it's just not for me.
 
I held a FTSE short for a long while which is not smart but I would recommend the normal version, not leveraged.
Think this was it http://www.londonstockexchange.com/...Fs/company-summary/LU0328473581LUGBXETFS.html

Options are a natural form of leverage in any case, so there is decay and cost in there anyway (vs ftse in theory being productive asset) Doubling up that risk I wouldnt do. When I was short I also had more then enough normal shares long the other side so it was fine.
I was actually dead on the money short term but held too long. I still think the normal inverse to a FTSE etf is better because people naturally over extend anyway, most of us arent skilled enough to be certain right at that moment.
Very soon the cost outweighs any advantage, the regulator made them put Daily in the title now but any etf can be held. I used to have a CRB commodities one (long), still think thats good but my current cheapy provider says its an advanced instrument. As its just options
Sometimes the biggest move or the mood is set overnight on the Nikkei, its just too much to consider because then to benefit you'd have to have suk2 held on the previous day.
Most of us have to stick to boring stuff unfortunately

Even worse is ETN, avoid those as it relies on banks. Actually have to read the small print on ETF to check it holds any real assets. I'd agree with ritch for the average person the leveraged stuff is basically gambling and some can juggle chainsaws, its upto you :p

My short thoughts medium term is maybe with buying regular on this unit trust http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000OYEQ
He is actually long Sterling (short YEN and hopefully you know why), my personal feeling on Sterling is weak below 1.34 but in line with this 2 year trend perhaps.


Brexit vs Volatility index ETN
OywBRdZ.png
gamble or a clever calculation, I know I thought we'd stay in for sure like 40/60 maybe.

tl;dr
average joe = buy sovereigns not options imho
 
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M&G and Aviva have also suspended UK commercial property funds today, there must be some nervous investors right now with money in similar funds considering withdrawal in case their position gets frozen too.
 
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