Trading the stockmarket (NO Referrals)

mid_gen said:
Known unknowns, the markets were firmly into irrational territory and were looking for a trigger to correct. The risk was there, plain to see. If it wasn't Covid-19, it would have been something else.
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This is dodgy thinking, people think they can see things etc.. it's total nonsense in 99.999% of cases - people being fooled by randomness/luck. Your result is down to a rather clear event that you didn't anticipate.

mid_gen said:
Hurts to admit someone on the internet was right doesn't it? :p Maybe some people can learn a little about making informed decisions about risk, instead of peddling this BS line that "no one could have predicted a crash".
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You didn't predict it though.
 
xaldub said:
I completely agree with you. Media outlets need to be adopting a more sensible and rational approach. The current methods are promoting fear, panic & mass hysteria which is reflected in the markets. Many people aren't thinking rationally and adopting a sheep mentality - follow the herd.
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I would say never follow the herd by then it's too late. People on here have been wrong so many times. Mortgage interest rates, bitcoin and altcoins, stocks, etc.

Use your own brain and do your own research and go with what your gut is telling you.

Right now I'd say gold is a safe bet. Because interest rate being slashed twice within the same month shows show how much **** is about to hit the fan. That isn't a prediction that is a fact. Dump stocks, dump cash and buy gold. When the £ crashes more. Switch it back to cash for a profit and then back into stocks when they bottom out. This is a long play. Wait until the £ is at it's weakest before switching back. Probably be around August / September if not wait for Brexit it will tank hard if that happens we may end up staying in to save the economy.

There you guys have it. You guys said where was your post last time when I came on here to say I'm glad I cashed out weeks ago. I'm telling you what to do now before it happens. Obviously I already got my gold before the £ tanked so I'm already ahead of you guys again on this one but I see it playing out for a bit longer and the £ tanking hard.

So many people and businesses are about to go under. This is going to be annihilation within the business world. Food retailers will be the only thing left standing tall within the retail market possibly pharmacies too but I don't think you need anything apart from paracetamol which costs like 20p in supermarkets. I see BP and Shell asking for govt bailouts. They can't compete with cheap middle east oil.
 
Psycho Sonny said:
I would say never follow the herd by then it's too late. People on here have been wrong so many times. Mortgage interest rates, bitcoin and altcoins, stocks, etc.

Use your own brain and do your own research and go with what your gut is telling you.

Right now I'd say gold is a safe bet. Because interest rate being slashed twice within the same month shows show how much **** is about to hit the fan. That isn't a prediction that is a fact. Dump stocks, dump cash and buy gold. When the £ crashes more. Switch it back to cash for a profit and then back into stocks when they bottom out. This is a long play. Wait until the £ is at it's weakest before switching back. Probably be around August / September if not wait for Brexit it will tank hard if that happens we may end up staying in to save the economy.

There you guys have it. You guys said where was your post last time when I came on here to say I'm glad I cashed out weeks ago. I'm telling you what to do now before it happens. Obviously I already got my gold before the £ tanked so I'm already ahead of you guys again on this one but I see it playing out for a bit longer and the £ tanking hard.

So many people and businesses are about to go under. This is going to be annihilation within the business world. Food retailers will be the only thing left standing tall within the retail market possibly pharmacies too but I don't think you need anything apart from paracetamol which costs like 20p in supermarkets. I see BP and Shell asking for govt bailouts. They can't compete with cheap middle east oil.
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Definitely don't dump cash, cash is king in a recession, you could buy dollars, then convert back to GBP in 6 months time, make money on that as well as your gold.
 
always read this thread but thankfully Havnt acted on any of the suggestions ,ive posted this on here before that i only have shares in Gold exploration now, a drunken 1k purchase that went skyward but i was greedy and held on ,really optimistic about it now but i wouldnt sell at a loss as ive mentaly written it off and as i dont do the lottery it gives me some entertainment
 
I do think we still have phase 2 of the market crash to come, once the bankruptcies start and liquidity freezes.

I don't think cash is going to be king for long though. There are already, and going to be even more colossal amounts of cash from the last decade of money printing and zero interest rates floating around, looking for somewhere to go. I do wonder if this is when all the QE catches up with the west and inflation starts to take hold.
 
Thought the oil price would recover quick (x10 long just closed at 100%) but think we will see a drop over weekend as US gets hit
 
I started Jury service this week so haven't had access to numbers and charts so made a slightly poorly timed buy of RDSB (Shell) on Tuesday from a limit order placed Monday night.

Oil fundamentals have changed a bit so whilst I still want to hold Shell for long term I took the gamble to bank 10% and will reenter later.

From what I can see the FTSE has broken out of a minor downward trend but we are ranging and given its Friday we probably won't see much movement outside of that (5000 - 5400). With Italy's death toll rising I imagine it is dampening the slightly good news of existing drug efficacy so we're in the trench for now.

Overall there is a negative bias. I think the day traders are going to profit today playing the ranges.
 
Psycho Sonny said:
I'm sure parliament could pass a law saying due to the circumstances we want back in. In order to be stronger together. It's a possibility. Not saying it will happen that it could happen as this is completely unprecedented.
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Dunno man, it would be highly embarrassing in all honesty, don't think it's something that should be entertained. We chose our path we have to stick with it.
 
Anyone think if the pubs and restaurants close Witherspoons would be a good buy? It's dropped much like everything else but coming back already.

Took a punt on F1 shares start of the week. :)
 
Psycho Sonny said:
I would say never follow the herd by then it's too late. People on here have been wrong so many times. Mortgage interest rates, bitcoin and altcoins, stocks, etc.

Use your own brain and do your own research and go with what your gut

So many people and businesses are about to go under. This is going to be annihilation within the business world. Food retailers will be the only thing left standing tall within the retail market possibly pharmacies too but I don't think you need anything apart from paracetamol which costs like 20p in supermarkets. I see BP and Shell asking for govt bailouts. They can't compete with cheap middle east oil.
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No oil company is going to need government bailouts. Especially a Dutch one?!

You realise oil is owned by countries and IOCs get it out of the ground for them?
 
Simon said:
No oil company is going to need government bailouts. Especially a Dutch one?!

You realise oil is owned by countries and IOCs get it out of the ground for them?
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You do realise plenty of oil companies were already in trouble before this? In fact some made huge numbers redundant last year in 2019?

The collapse of Thomas Cook, flybe, etc has affected aviation fuel supplies in that they cannot sell it. Then this on top. All flights grounded. Nobody needs it.

I specialise in the oil and gas industry and I can assure you companies will go under. I can't name specific names so I mentioned the big 2 here in the UK. But a lot of them are struggling especially the smaller players and so are the big ones. Oil prices dropping means they make losses. They can't compete with cheap Saudi oil. Our running costs are too high in comparison .

The oil and gas industry is perversely integrated into the government too at the highest levels. They know they can and have been picking up the phone to tell them they want special treatment like they always have done in the past.

Government will bend over backwards in the current climate too.
 
Fusion said:
Gold is less than $1500/ounce, despite it being over $1670 recently. So even that isn't a completely safe haven.
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Gold is money and people need money so the price for gold does vary dramatically or at least consider it to have a very wide range whether its being considered positive or negative in a trend between years. It is years it moves in though we have a spot price, thats the magic of the market but the real physical deals of gold are taken with the full advantage that it never changes and it sits there for security value price high or low.

I want to dig out the gold price post Nixon shock and we came off the fix back then, if we want volatility comparison that'd be it because that was the end of almost many decades worth of being sat on. I'll post it later but massive sells seems normal. This oil being so cheap is a gift to miners, the gold ones just happen to have a product which even with falls is way above their cost. Not sure about other commodity metals as much as they are industrial and gold relates to money and volatility, trade between countries.

[also with sterling lowest rates ever, weak as hell consider gold in GBP]

Shell doing very well, some of this is relief rally and some just it was too cheap even if oil price sucks for a year or so.
 
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