Trading the stockmarket (NO Referrals)

Direct market access to stocks, options, futures, forex, bonds,
ETFs and CFDs from a single IB Universal Account™.
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They do everything looks like. CFD is what you might be thinking of, contract for difference or a bet on a price change not the stock itself. Spreadbet is the other which is tax free in uk and doesnt involve the stock though the firms can buy the stock and/or hedge against you.


I might swap SXX for IGG and hope for a rise in volatility which benefits them. Spreadbet companies like that and they dont appear expensive because of regulator fears
Copper hasnt fallen, I like that. Oil is not good but I dont see its a sell. Gold is this year at a higher low, hope the dollar is weak like it deserves to be.
I dont have any faith in a rise for sterling, only a month old but thats a trend down I would guess. Does weak exchange rate make FT250 a good idea
 
Gangster said:
That isn't buying stocks though is it? (IB)? Isn't that using leverage etc? Or am I mistaken?
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you can still buy stocks using leverage - for the US you'll get 4 * leverage generally (though can go to specialist day trading firms and get more if you want), for the UK if you want to trade intraday you'll generally trade via a CFD to avoid stamp duty
 
IB do give me 1:4 leverage but I'm very careful not to go over the actual amount I have in my account. That way I'm only risking my own money. One thing with IB though due to the Pattern Day Trading rule you need at least 25,000 dollars in the account if you want to trade more than 5 times a week (buying and selling count as two trades). You can get an account with less depending on your age and whether you actually want to day trade.
 
Richeh said:
IB do give me 1:4 leverage but I'm very careful not to go over the actual amount I have in my account. That way I'm only risking my own money. One thing with IB though due to the Pattern Day Trading rule you need at least 25,000 dollars in the account if you want to trade more than 5 times a week (buying and selling count as two trades). You can get an account with less depending on your age and whether you actually want to day trade.
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I think the minimum deposit for opening an account is $10,000 USD.

However if you leave stocks sitting there and don't trade there is a $10 inactivity fee, unless your deposit / holdings are over $100k
 
Got into Petrofac not too long ago. Large dividend and huge price drop due to SFO investigation, but even with this factored in still hugely oversold.

Been toying with the idea of Tesco after the Amazon Whole foods purchase but seems to just keep dropping.
 
Tsco CEO retired, that seems to have been the tipping point. It is a mystery how they could decline so easily. Inflation does not work in their favour really but I still think its smarter to have them over the valuations on Amazon. I guess amazon should be considered a tech stock but its also subject to any retail spending pullback.
Do any investment trust managers hold Tesco. Its hard to know what'll turn them around.

I sold most of Sirius and added some Lloyds. I dont know the timing is right but generally I'd hope 100p isnt beyond Lloyds eventually. I've sold them 80p previous and got them 55 or less also. I dont know here is correct as such but I like their CEO and have done since he arrived. Woodford holds LLOY and the government sold its stake, buying into a known seller like that seems good and the yield is justified seems like. Banking overall is not well liked apparently, oil is negative but that doesnt stop PFC or WEIR or similar succeeding?
https://www.ft.com/content/e9c9af60-3712-11e7-bce4-9023f8c0fd2e?mhq5j=e2
http://www.telegraph.co.uk/investing/shares/neil-woodford-sold-glaxo-bought-lloyds/


FXPO went from 30p to 180p in the last year. Heck of a swing and I did get some in the region of its lows but still surprising how far commodity stocks can move

SPY uptrend for this year roughly
 
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Hi Guys, who do you suggest for US stocks ?
HL seem to have this 1.5% charge and Lloyds are asking for £15.00 commission.
 
Richeh said:
IB do give me 1:4 leverage but I'm very careful not to go over the actual amount I have in my account. That way I'm only risking my own money.
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nothing wrong with a bit of leverage, especially if you've trying some market neutral strategy - pairs trading, or perhaps a whole portfolio of long/short positions
 
I'm looking to open up a S&S ISA to invest in Vanguard LS80 fund and also got my eye on a stock to invest in. However, the hard bit is working out which is the cheapest way to manage these and which provider to choose. One option is to use Halifax as I would be looking to top-up each month and from what I can gather it would be a £2 transaction fee each month for the fund and also the stock. Plus £12.50 per year for the management.

It looks like other providers don't charge for funds but charge £10-12 per transaction for stocks. Unfortunately can only have one S&S ISA which makes it very difficult deciding the best option.

Any advice greatly appreciated :)
 
dowie said:
nothing wrong with a bit of leverage, especially if you've trying some market neutral strategy - pairs trading, or perhaps a whole portfolio of long/short positions
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I don't like to risk money I don't have :p

And as a day trader I only tend to have 1-3 positions open at any time rather than a portfolio.
 
Has anyone looked at Vinafund VOF
. It's trading at 20% below NAV, anyone know why this is? On going charges are pretty high at 3%.

I did trading of the markets in 2016 and did make money but not as much as if I had just stuck with the index, it was a lot of fun though!

I figured if I stick 200k USD into the S&P 500 by the time I retire, 30+ years it should be alright, provided I don't touch it!
 
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SupraWez said:
Have you looked at https://www.beaufortsecurities.com/stocks-and-shares-isas-t-12
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Unfortunately looks expensive if I was to drip feed each month as £8 per trade on both stock and fund. Where as Charles Stanley Direct are free for funds but £11-12 per stock purchase which would work out better. The main costs seems to be on buying stocks as you've got to factor in platform charge per year plus cost to purchase stock. Kinda stuck at the moment as doesn't seem to be a silver bullet.
 
BeatMaster said:
Unfortunately looks expensive if I was to drip feed each month as £8 per trade on both stock and fund. Where as Charles Stanley Direct are free for funds but £11-12 per stock purchase which would work out better. The main costs seems to be on buying stocks as you've got to factor in platform charge per year plus cost to purchase stock. Kinda stuck at the moment as doesn't seem to be a silver bullet.
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If you want to drip feed stick to funds, if you want stocks you really need to put a fair few hundred in to make the fees worthwhile. Also if you are just starting out then funds spread your risk.
 
Glaucus said:
If you want to drip feed stick to funds, if you want stocks you really need to put a fair few hundred in to make the fees worthwhile. Also if you are just starting out then funds spread your risk.
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Totally understand on spreading the risk with a fund, although I was hoping to dip my toes into stocks and wouldn't mind a one-off investment of a few hundred rather than drip-feed. It's just working out the best way as it would ~£12.50 for the trade then £20-24 per year for the platform so would need to invest a fair bit to cover costs based on a small percentage gain. Halifax S&S looks best with its fixed costs but would need to invest about £5k into funds to be about equal the cost of CSD.
 
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