Trading the stockmarket (NO Referrals)

Yeah, i think a lot of the regulars in here are so used to people acting like the folk in that GTAT thread that they can be over critical in their warnings so any posts which go against the main "rules" can get jumped on.

Hell as i've said i was one of those idiots once and lost quite a lot, but i don't think you come accross like that. :)
 
If i believed the future price would continue to increase yes.

Obviously i would prefer to have as low an average as possible but you never know when the downward slide will stop, hence the warning. Too much people see the price drop and buy more thinking it's a brilliant thing. Then the price continues to fall and they end up like the GTAT idiots.
 
Marvt74 said:
Yeah, i think a lot of the regulars in here are so used to people acting like the folk in that GTAT thread that they can be over critical in their warnings so any posts which go against the main "rules" can get jumped on.

Hell as i've said i was one of those idiots once and lost quite a lot, but i don't think you come accross like that. :)
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It's fine I understand and appreciate the sentiments from people even if it's a bit premature. If you don't mind me asking, how did you lose the money?

Fusion said:
Really? You'd be happy having a higher average price for a stock than a lower one?
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If the amount it rises on average is not too much higher and the stock has more room for growth then why not? You can still make a good profit and it's not all black or white, surely? But yes on the other hand, if it raised the average price to the point where the gains became negligible then it's not a good idea and better to invest in something else.
 
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As mentioned above, i followed comments on forums and then bought as the prices dropped thinking it'd bounce back. Basically all the things i knew i shouldn't do but did anyway.

I had lots of spare money at the time so wasn't particularly bothered about losing it. i also gambled very recklessly and this was just an extension of that really, just absolutely zero emotional connection to the money.
 
Marvt74 said:
As mentioned above, i followed comments on forums and then bought as the prices dropped thinking it'd bounce back. Basically all the things i knew i shouldn't do but did anyway.

I had lots of spare money at the time so wasn't particularly bothered about losing it. i also gambled very recklessly and this was just an extension of that really, just absolutely zero emotional connection to the money.
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Ahh I see, sorry if I missed it earlier. Still, you live and learn and at least you're not homeless!
 
Yeah exactly. Still got my house, family, savings, all the things i need. It's just like all that extra income never happened!
 
Just to confirm, I won't try to give any advice or comment on any of your future posts @Richdog, as you don't appear to want it and you seem to take everyone's helpful intentions as criticism/a lecture.
 
Russinating said:
Just to confirm, I won't try to give any advice or comment on any of your future posts @Richdog, as you don't appear to want it and you seem to take everyone's helpful intentions as criticism/a lecture.
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Sorry to have offended you Russ, but if your advice consists of interpreting a simple post saying I regret not putting more money into a stock as a worst-case scenario and sign of my impending financial apocalypse, as opposed to being reasonable and assuming I mean it in a normal and balanced way, then I can live with that as it is a little draining having to explain myself over such simple things. Mart appeared to give an accurate summary in #9022.
 
Averaging up sounds a bit like momentum investing, which I'm not keen on personally. I'd rather do the work up front and establish what it's worth, rather than buy in again later just because it's risen. Of course, if the fundamentals change in between those points, such as the company suddenly becomes hugely more profitable, then that's different. But I wouldn't do it if the fundamentals were the same.

If the fundamentals are solid, averaging down is smart.
 
Fusion said:
Averaging up sounds a bit like momentum investing, which I'm not keen on personally. I'd rather do the work up front and establish what it's worth, rather than buy in again later just because it's risen. Of course, if the fundamentals change in between those points, such as the company suddenly becomes hugely more profitable, then that's different. But I wouldn't do it if the fundamentals were the same.

If the fundamentals are solid, averaging down is smart.
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I agree with you in principle, but it was my first investment and I was overly cautious and it was a pretty low amount. The future for Nvidia barring some calamity is looking extremely rosy and their price target is significantly higher than their price now. I think the higher average price I would create by putting a bit more into it would be offset by the potential gain. Either way, I don't see the risk as so high I don't think I would be losing any money on it. I'll mull it over this weekend. :)
 
Generally speaking averaging up will be more profitable then averaging down. Thats advice I've read tons of times, it cant be a blanket statement but its more likely to work out.

I did post ages ago about Intel an article about averaging down, at $21 the author discussed how happy he was that the price was not performing and long term implications. Of course Intel did rise, the smart thing would be to keep buying which I so often fail to do its tragic. Plus do then sell at the higher price some too.

^^^ https://seekingalpha.com/article/12...d-the-stocks-are-languishing#comment-15735371
 
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Richdog said:
Sorry to have offended you Russ, but if your advice consists of interpreting a simple post saying I regret not putting more money into a stock as a worst-case scenario and sign of my impending financial apocalypse, as opposed to being reasonable and assuming I mean it in a normal and balanced way, then I can live with that as it is a little draining having to explain myself over such simple things. Mart appeared to give an accurate summary in #9022.
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I'm not offended, I don't give a ****, and I'm nowhere near being an expert and therefore can't really be offended. I just personally think your attitude towards others here - others who have taken time to give their thoughts, directly to you - is pretty poor. I'm no longer even sure why you post here other than for people to agree with you and therefore get some kind of confirmation bias/self gratification.

My advice, for example, could have been replied to with a "thanks, that makes sense, I didn't mean it like that but..." rather than a "don't be stupid I know what I'm doing" (effectively). And not just to me, but others to.

Considering only a page back you didn't know the difference between long and short I would expect you to be sponging up other's personal advice and experience, not rolling your eyes. And this is a forum, so actually you are expected to explain yourself.

GL HF :). /out
 
Russinating said:
I'm not offended, I don't give a ****, and I'm nowhere near being an expert and therefore can't really be offended. I just personally think your attitude towards others here - others who have taken time to give their thoughts, directly to you - is pretty poor. I'm no longer even sure why you post here other than for people to agree with you and therefore get some kind of confirmation bias/self gratification.

My advice, for example, could have been replied to with a "thanks, that makes sense, I didn't mean it like that but..." rather than a "don't be stupid I know what I'm doing" (effectively). And not just to me, but others to.

Considering only a page back you didn't know the difference between long and short I would expect you to be sponging up other's personal advice and experience, not rolling your eyes. And this is a forum, so actually you are expected to explain yourself.

GL HF :). /out
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You don't give a ****? Clearly you do and you did take it personally or would not be going to such lengths to convey your displeasure, it is not rocket science. For the record, just because I am new to something does not mean that I am going to take advice or opinions that I do not agree with, however 'well-intended' it may be. What you see as advice, I saw as a patronising assumption of a worst-case scenario based on zero background information, so maybe you need to reassess how you convey your messages. I am very open to advice (I would not be where I am today without that ability) and I would say no different to you in real-life than what I wrote above, I assure you.

Anyway lets just leave it there and agree to disagree as I think you are reading far more into it than I am.

silversurfer said:
Generally speaking averaging up will be more profitable then averaging down. Thats advice I've read tons of times, it cant be a blanket statement but its more likely to work out.

I did post ages ago about Intel an article about averaging down, at $21 the author discussed how happy he was that the price was not performing and long term implications. Of course Intel did rise, the smart thing would be to keep buying which I so often fail to do its tragic. Plus do then sell at the higher price some too.

^^^ https://seekingalpha.com/article/12...d-the-stocks-are-languishing#comment-15735371
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Yeah I was also honestly very surprised how low Intel and Microsoft stocks were when I saw them, especially Microsoft as it is an absolute behemoth and still a market leader even if it has lost market share in the last years. Still, maybe it's a sign of the gradually decreasing relevance of and stiff competition to Windows in the home market.

I also think Google and Amazon are still worth investing in as even though they are large now, they are going to dominate our futures even more. We are still at the dawn or where technology is going, and these companies are going to be at the forefront of many things that permeate our everyday lives. They will almost certainly continue to grow and endure.
 
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Need some advice, I have some shares that have basically hit rock bottom and are worth nothing, the value of all the shares is about 96p!!! with a loss of £400.

I want rid of these shares but if I sell the shares Im guessing I would get a trading fee, so It would cost me.

Anything I can do.
 
Well you're asking a different question now - your first question was about selling some shares that are nearly worthless ergo why bother... Now you've mentioned that you've got an account at some broker that you want to close. Did you literally just open an account, dump everything into this one stock and lose all your money?

No one else reading the thread currently even knows who your broker is - you'll find they'll have a list of charges somewhere on their website re: sending you share certificates or transferring your holdings etc.. why not look at that?

Essentially you're going to have to either sell them or transfer them somewhere or get the certificates if you're closing the account. I'd wager that it is probably cheapest to just sell them.
 
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