Trading the stockmarket (NO Referrals)

IBKR have a "liquid assets" requirement of $20k to create an account. I didn't feel like lying about it.

Also tried to sign up for IG but they seem to be having technical issues.
 
x3n said:
Why not go with Trading212? That's the exact reason why I signed up with them, unlimited free trades (day trading isn't allowed with the ISA accounts though). They don't have an unlimited selection of stocks right now, but I was interested in a niche smallcap biotech company listed on NASDAQ which wasn't available so I emailed them about it - couple hours later I got a reply saying they're happy to do so and to keep an eye on the "new on Trading212" section for when it appears.
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Thanks, I'll have a look at them too. I was worried about them recovering some fees by adding a little to the buy price compared to other brokers but going off comments from other users this doesn't appear to be an issue.
 
keylion said:
Thanks, I'll have a look at them too. I was worried about them recovering some fees by adding a little to the buy price compared to other brokers but going off comments from other users this doesn't appear to be an issue.
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IBKR does have some minimums that change - not sure what they are as they keep changing.

IBKR does the order execution for Trading212.
 
x3n said:
Why not go with Trading212? That's the exact reason why I signed up with them, unlimited free trades (day trading isn't allowed with the ISA accounts though). They don't have an unlimited selection of stocks right now, but I was interested in a niche smallcap biotech company listed on NASDAQ which wasn't available so I emailed them about it - couple hours later I got a reply saying they're happy to do so and to keep an eye on the "new on Trading212" section for when it appears.
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You pay a fee on every trade. It’s called the spread.
 
keylion said:
Thanks, I'll have a look at them too. I was worried about them recovering some fees by adding a little to the buy price compared to other brokers but going off comments from other users this doesn't appear to be an issue.
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Depends on what type of trading you are doing I guess, but from what I've seen the fees they are adding are negligible to most peoples needs.
If I'm not mistaken (haven't read it anywhere, educated guess from my experience as a user) your buy/sell prices are what you set them at and therefore your profit margin is guaranteed, they just add ontop of it to make their cut in the sense that if you have a sell limit of Xp for some shares, they'll actually sell it for X+?p (being fractionally more than what you were willing to accept) and pocket the difference. It has to be a proper fraction though as I sold a few hundred shares of AAL yesterday at $12.50 and it was executed the second it hit $12.50. Also like all places, they surely make money on the forex fees if you go international.
 
Ironic Namesake said:
I'd imagine it's the latter ... a huge % of the new users as far as I know, are using the service for free

The companies that are paying have the odd 1-2-3 hour meetings.

Many schools that are using it, are holding every lesson through it - many hours per day, lots of bandwidth.

I'm still short on it, and it's volatile so there's some income to be made selling puts against my short too ($125 put so 20% away from my sale price a month away gets you $3.70 income ...)
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Sold put against the short for $4.30 / share @ 125 ... let's see what the next couple of weeks bring.
 
keylion said:
Thanks, I'd never heard of them but I'll take a look. HL starts at £11.95 per trade but gets cheaper the more trades you do. There is also an annual fee.
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I was/am with HL, but everything on there is slow. It is expensive in terms of trading and FX costs. Withdrawing money is slow. There are no live prices for stocks outside of the UK which means you cannot place stop losses, fill orders etc.. It's a pretty rubbish state of affairs really. It reminds me of old high street banking apps before the Fintech industry started doing it better.

I've moved most of holdings over to Trading212 and am very happy with the platform so far. Though the spread can be interesting sometimes. My biggest gripe is the selection of stocks on their is more limited. As such I opened an IG account so cover those that aren't on Trading 212. No sign of a free share though despite using a 'friends' link. :(
 
Tesla's really bounced back. It's the only non-fund I'm currently invested in and I was tempted to buy more a few weeks ago (I was still in profit when it was at it's lowest) but that's hindsight for you.
 
Russinating said:
Tesla's really bounced back. It's the only non-fund I'm currently invested in and I was tempted to buy more a few weeks ago (I was still in profit when it was at it's lowest) but that's hindsight for you.
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I've never touched TSLA stock (apart from owning it in inside ETFs...) and I'm not comfortable trading it as the swings are insane! Anyone who got in earlier though has definitely done very well though.

It's one of those I wouldn't be surprised to see @ $450 or $1000 in a few months time!
 
Yeah. I'm really surprised Disney hasn't rallied at all given they launched Disney+ in the midst of it all. Still down ~50% on February. I know the parks are obviously closed but given cruises have rallied...

I still need to verify my ID on Trading212 (keep forgetting the proof of address... I get hardly anything posted!) but that might be a first one for me to look at.
 
Russinating said:
Yeah. I'm really surprised Disney hasn't rallied at all given they launched Disney+ in the midst of it all. Still down ~50% on February.

I still need to verify my ID on Trading212 (keep forgetting the proof of address... I get hardly anything posted!) but that might be a first one for me to look at.
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Disney will rely massively on cinema too though. Although Cineworld seems to open every day either 10% up or 10% down.
 
Simon said:
Amazon and Netflix are the steady ones which look to have been bargains a month ago
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Microsoft, AMD, along with Amazon were big winners for me. Netflix was one I was going to get into at the start of the lockdowns, but waiting for some reason.

My best fund has been Fundsmith Equity. Though I got out recently.
 
englishpremier said:
Netflix was one I was going to get into at the start of the lockdowns, but waiting for some reason.
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I also have lots on my should have list. I use my lack of capital as the excuse, going for "safer" options - but annoying I held off. Dam that watchlist list option on HL! :D I feel there is still some good buys for going long out there, however I appreciate that isn't what all of us trade for on this forum (I'm fairly new to trading and not really fully up to speed/don't like to lose - so stayed very clear of Shorting etc).

I'm out of Zoom now, I joined too late - so after the HL fee's it is a loss (learnt my lesson using HL for small trades). However, I still feel they won't bottom out completely, even with increased competition.
 
AA doing well today :)

GVC - by far my biggest LSE holding is flying as well! (I am beginning to wonder if their US partners are considering making a move as it's a fantastically well-run business)

I can't quite fathom what is driving the FTSE so much today. Have I missed something?
 
Because Donald pump has said America is reopening.

Sold out my trade of AZN (+5%) and GSK (+10%). Will rebuy at some point but better plays out there at the moment.
 
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