Trading the stockmarket (NO Referrals)

NTOG have been going down the drain for the last week, i've watched my shares go down and down, but i'm not going to panic sell tbh, just stick it out.

RRL are my shining light at the moment, I'm really looking forward to the future with this company, i'm going to be buying more shares soon.
 
Do you think RRL will drop a bit before they go up, or would it be best to just buy now. Luckily I have very little in NTOG. MTA has more than made up for it!
 
I'm not sure when the next news update is due however;

My personal take on RRL is: i think the share price is going to stay quite static perhaps a slight retrace but nothing major, soon as a rig mobilizes and heads to puntland expect the price to climb in spikes!
 
booyaka said:
FTSE bombing this morning is making me some good money on the financial spread betting!!

Shorted it and it's down by 55 points from when I went in!!
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:confused:

Sounds like you're a bit new to this, look at the average daily range for the FTSE - taking 55 points is hardly a big move or something to get excited about.
 
do you lot figure its worthwhile to do when it comes to around £25 to buy & sell - i mean dont you guys find the gamble to be quite high for the profit to be made i.e; you need to make sure you clear £25 minimum before any profit counted, and if its like £30 is it really worth the risk in your cash for £5 profit?
 
Gangster said:
do you lot figure its worthwhile to do when it comes to around £25 to buy & sell - i mean dont you guys find the gamble to be quite high for the profit to be made i.e; you need to make sure you clear £25 minimum before any profit counted, and if its like £30 is it really worth the risk in your cash for £5 profit?
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I made £3000 profit from a £7000 investment so no.
 
Gangster said:
do you lot figure its worthwhile to do when it comes to around £25 to buy & sell - i mean dont you guys find the gamble to be quite high for the profit to be made i.e; you need to make sure you clear £25 minimum before any profit counted, and if its like £30 is it really worth the risk in your cash for £5 profit?
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Depends entirely on what the value of the shares you're buying is ... if you're buying £500 worth of shares, £25 is a lot ... if £5000 not so much
 
Yup thats a fair point. Just trying to study some comapnies at the moment without actually investing (for now).

Are there times where shares all of a sudden plummet, like is it common for companies to go from 650p to 200p in a day or is that very unrealistic?

I don't mind losing a bit (no choice) but I don't fancy losing 75% in 1 day, is something like that likely?


thanks guys

edit:

Also, how do you search for companies on the stock market? I've found when typing in 'common names/names of companies' that we know as the public, there seems to be several entries on the stock market under the same name how do you determine which is actually the real trading name and genuine share price of that company?
 
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dowie said:
:confused:

Sounds like you're a bit new to this, look at the average daily range for the FTSE - taking 55 points is hardly a big move or something to get excited about.
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How do you work that out that i'm new to this??

55 points drop in the FTSE from when i "bought in" multiplied by my stake per point (£10) it drops is a very healthy profit for 20 mins work thanks! (£550 profit), no tax, no buy/sell costs.

I personally would call £550 profit in 20 mins something to get excited about:p

It's spread betting on financials/forex markets. I'm not investing that part of my money. I have cash in stocks and shares, however this is a small sideline that I dabble from time to time in when I see something that i think is going to happen.
 
Gangster said:
do you lot figure its worthwhile to do when it comes to around £25 to buy & sell - i mean dont you guys find the gamble to be quite high for the profit to be made i.e; you need to make sure you clear £25 minimum before any profit counted, and if its like £30 is it really worth the risk in your cash for £5 profit?
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Depends how much you are investing really. If you're putting a few grand and making good profit then £25 isn't too bad. If you are investing £200 and looking for a 10% gain, then it's not worth it!
 
booyaka said:
How do you work that out that i'm new to this??

55 points drop in the FTSE from when i "bought in" multiplied by my stake per point (£10) it drops is a very healthy profit for 20 mins work thanks! (£550 profit), no tax, no buy/sell costs.
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Because if you were trading it regularly then you wouldn't have even felt the need to comment or post about a move of 55 points. £10 a point is equivalent to 1 lot - i.e. the smallest amount you can actually trade in the underlying market you're placing 'bets' on.

What you're basically saying is that the FTSE moved a bit (as it does every day) and you made a fairly unremarkable trade that happened to finish in profit. As you're excited by this fairly unremarkable move I'm assuming you're new to this and so thought I'd point out that it really isn't anything to get too excited about, it will move about a bit tomorrow and the next day... - if you want to try something more exciting the try the Dax...

also this part of your post is very inaccurate

no buy/sell costs.
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Yes there are!!!
 
It always looks darkest just before it gets totally black

16% drop today for BP though thats the american shares I expect it to reflect some in London also


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I don't fancy losing 75% in 1 day, is something like that likely?
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Drops of 16% do not normally happen to very large companies. The smaller the company the more likely it becomes as they are small relative to the owners ability to sell and their business is often less established yet still traded nationally in the hope of achieving positive exposure to capital

Starting out is tough because to reduce risk you should really have more then one share. If you only own one then be ready to lose 75% It can always happen .

Best to own a fund or index tracker then you are following dozens or hundreds and 16% loss only occurs very infrequently and 75% almost never (1930- and 2007- bear was about -50%)



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Over Clocker said:
What are people's thoughts on increasing a holding in RRL?
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Not sure, I'd wait a little (but not too long), it has a habit of spiking, retracing, etc...but long term trend is up now and they have some interesting prospects.

Sitting at a slight loss on mine because I bought in on the tail end of a spike ie wasn't patient enough, but am sure it will recover soon.

Interestingly Google's graphs for this share are totally useless and inaccurate.

One advantage of RRL is they can go in an ISA - high risk, high reward, no tax...we like that :)
 
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