Trading the stockmarket (NO Referrals)

regulus · 25 Mar 2020 at 17:57

Things seems to be going well. I invested 10k into a local stock that shot up nearly 40% the past two days. Tempted to take profit but have a feeling there's some positives ahead and think this one may well double. Not an earth shattering amount but nice nonetheless.

silversurfer · 25 Mar 2020 at 18:14

https://citywire.co.uk/funds-inside...utm_campaign=BulkEmail_FundsInsider+Afternoon

BP 340 is better then I imagined this week. Thats gap window, gap fill is like 390 or so. Just on the basis of trading something at least I'll take some profits and I guess others do also which is what creates the waves up and down, everyone trying to guess on everybody else.

caff · 25 Mar 2020 at 23:09

Couldn't resist a small bet on Zoom stocks. Not cheap, but the platform is gathering pace. I'm seeing a lot of people discussing it, our government using it, corporates signing up using it for homeworking, so I think it's a safe bet.

booyaka · 25 Mar 2020 at 23:36

Amazing - market bounces for 2 days and everyone is making money.... :rolleyes:

This thread is amazing....everyone seems to get out at a perfect time, and back in at a perfect time. Does anyone ever loose money in this thread??

caff · 25 Mar 2020 at 23:49

Of course they do, but like most gamblers they like to talk about their wins.

If it helps redress the balance, my story is one of my funds has tanked -24%

I'm still holding it though.

fredwi · 26 Mar 2020 at 00:08

I did the other week, I got burned big time on that one. lesson learned most of the time do limit orders

regulus · 26 Mar 2020 at 01:32

Nobody ever, EVER lose money unless you sell or the company tanks. Paper losses aplenty in here right now though

Ironic Namesake · 26 Mar 2020 at 05:18

Anyone that is holding long term is going to be sitting on fairly large % of paper losses right now.

But on short term trades ...sell those off when profit target reached!

Fusion · 26 Mar 2020 at 06:33

It is funny, isn’t it? Selective reporting. Those that do well tend to shout about it, and those that don’t often stay quiet.

BennyC · 26 Mar 2020 at 06:56

A few of my funds were/are down similar amounts.

A couple have recovered to small profits and I'm thinking about selling a small proportion to free up cash within last years ISA allowance, for any opportunities that might come before 5th/6th April.

Richdog · 26 Mar 2020 at 07:05

People bought for lower prices than the stocks are now worth... it's not complicated, right? There was a big drop and then a sudden surge and if you keep your eye on the ball then you can take advantage of that. Yes, even you, if you stop sitting there moaning about what other people are doing and instead focus on what you are doing.

Bes · 26 Mar 2020 at 08:36

Or gets bought out for less than you purchased your shares for which is a real possibility for some that invested near the top...

sluggish start to the day. It won’t take much to see profit takers piling out and big reversals IMO. Fascinating times.

Simon · 26 Mar 2020 at 08:56

Or they delist or go bankrupt. Silly thing to say.

iamtheoneneo · 26 Mar 2020 at 08:56

Nah just a few. Most lost money hard, or some are still holding for the long game. Sure you can make a quick buck here or there but like most things in the short markets your just fighting for scraps after the AI have scooped up anything of real value.

Skeptic · 26 Mar 2020 at 09:11

BTFD!

Ironic Namesake · 26 Mar 2020 at 10:13

I've made money on short term trades - but my long term ETF holds aren't looking too pretty. But again, those I just top up now and then and leave them be!

booyaka · 26 Mar 2020 at 10:50

I was being factious. I ain't moaning about it, just find it funny that people claim huge wins in 2 days, yet never report the fact everything else they own has tanked.

I'm well aware of what's going on, however as others have said, people on here only seem to report their winners, never their losers, that's what I was getting at.

My focus is equally on two things - my own funds, along with a substantial amount of funds that my clients have invested via myself.

Joe Jones · 26 Mar 2020 at 11:33

I've been really lucky and had been looking to set up a SIPP at the start of March so after seeing the markets crash I've been using fundamental and technical analysis to pick up some trades that made a small profit.

My strategy works really well for me right now because these are stocks I'm interested in holding long term, so if the bumps and dips don't work out as I expect, I'm holding shares I want to have in the next 10-20years. There is the risk that I sell early and miss out on future profits but that's part of risk with my strategy.

I don't think we've seen the bottom yet so playing the day trades where I can see them. Yesterday and today are flat for me...luckily my platform doesn't let me short and I see no buying opportunities right now.
Daily charts show a hanging man candlestick pattern for FTSE100 and a Doji on the S&P500 indicating (to me) a halt of the bull train.

Russinating · 26 Mar 2020 at 11:34

You just need to change "people on here" to "people on the internet"... or indeed "people in life". People will always want to brag about successes, but try and hide failures, for obvious reasons. Still, it's not helpful or useful to anyone, but anyone experienced in whatever it is (be it stocks or any other business) will see through the bull.

Personally all my stocks are long term, always have been, so I've not touched a single thing. What with it being the end of the tax year I've already invested all I can in my ISA so realistically no opportunities missed either, if there's realistically been any. My current portfolio is down 10%, I couldn't tell you exactly what it was immediately pre-CV19 but it was around 17%, so 27% down.

I'm only -1.18% on the S&P atm which shows how much up I was pre-cash!

Skeptic · 26 Mar 2020 at 12:03

Circa 10k down on card factory....so there’s that.