First try a thread search for "best broker" and "best platform" as this question gets asked a lot.
For me, Interactive Brokers.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
For me, Interactive Brokers.
Soldato
Don't invest based on asking some randoms on a computer forum then!
I'm not, I asked for people's thoughts and experiences - you know, people who know about this stuff.
I'd personally say forget about oil, cheaply priced short term contracts don't mean much to the little guy. At some point (I think at the latest when Q2 results are announced) there will be another strong reactionary dip - at that point buy cheap big names and hold them until you're satisfied. Given you've never traded before, don't get too greedy looking for the best results as there's a much bigger chance for that to go wrong.
If you would've bought Amazon at the last dip, you would've made a 40% return - can't complain lol (FYI Amazon won't dip like that again, their Q2 was phenomenal)
Associate
Such as? Coca Cola, Microsoft, Disney etc? What would you consider big names in the UK? The banks?
Associate
Is it possible to buy shares in Virgin Atlantic?
Lol why on Earth would you do that? They could be facing bankruptcy or major shareholder dilution - not to mention years of reduced demand and liabilities around expensive fuel hedges, leasing/ purchase commitments for aircraft, and massive staff costs.
luckily for you they aren’t listed.
Even if you could, you know that Virgin Australia just went into administration right?
As someone has said earlier, don't take advice from internet randoms - but my 2p stay away from anything even remotely related to the tourism, service, and oil industry. Sure the returns could be eye-watering, but its just as or more likely they'll fold and you'll be the guy left holding the bag. That is of course if value the money you're putting into this, I do this for a laugh so I'm not bothered if my ISA goes mush.
I can't give you stock picks, but those names you mentioned aren't bad - Disney is down between 30-40% on 3 months , 23% on a 1 year. They just scored a ridiculous loan from half of the system critical banks to be able to sail through this. Though they are happy to dilute their shares, 16.1% dilution in the past year.
Soldato
Greed is one of the main motivating factors behind investment loss and fraud.
Soldato
I tried to buy some WTI Jun $20 put options yesterday .. then realised my account isn't approved for options on futures.
Now those are up 3 fold ... better stay away!
Now those are up 3 fold ... better stay away!
Greed is one of the main motivating factors behind investment as a whole and society in general.
Soldato
There's rational investment, and then there's greed. Those driven primarily or solely by greed will inevitably make poor decisions. Plenty of evidence in this thread.
Soldato
Seems perfectly reasonable just in a broad view because the largest companies have the time, money, resources, experience and staff to weather the storm and gain an advantage from the chaos. The smaller wild cat frackers and all sorts of more startup type operations are dashed upon the rocks in the storm.
Just like AAL mops up SXX as an asset and 20 years later appears to be making easy money, they own 80% of DeBeers diamonds so they know all about sitting on value forever.
Mines in theory are boring
as hell and take 10 years. I would guess EGO can do well but they also fall over if they misjudge costs and cant help themselves out hence massive variations in stock priceIf oil can trade negative 40 dollars registering as trash to be handled on delivery then its probably correct that gold estimates with 10,000 an ounce for a future monetary basis are not wildly wrong. Short term I'd rather it fell 10%
I doubt 10k would be a good thing like we got free energy with that oil price, it will probably be paired with a negative event also like the sovereign debt lapse. If this flu is a repeat of a 100 years ago, the money printing of the 1920's to service debts would also ring a bell not that I think anything is predictable.
Traders of oil have a better idea whats really going on, my take is from the crowd point of view the wild pricing obviously inaccurate is reducing confidence and belief in this global market system. I think its part of peak FIAT
https://www.investopedia.com/articl...-benchmark-oils-brent-blend-wti-and-dubai.asp
https://www.investopedia.com/terms/h/henry_hub.asp
Soldato
I turned £160 into £640 in my CFD account that I had lying around for a YOLO. Not proud, but certainly not unhappy
Got out when it bounced off the bottom and went to dig the garden. Came back in and wished I'd stayed infront of the laptop to go for round 2.