Trading the stockmarket (NO Referrals)

[Skeptic]

Wasn't mostly everything? Pretty much flat on my investment but YMMV!

 

[413x]

I'm still fully in with aviva now.
Getting more tempted to try something else too. Or maybe just now aviva.

I'm looking for dividends I think. I'm no good at trading. Often buy at right time, but never sell

 

[BennyC]

Sold all of my Genedrive shares this morning. 400% up.

Nice Taking off this morning... I got in around 2-3 weeks ago.

 

[Minusorange]

Everything is overpriced right now but things look positive while everybody talks easing lockdowns, so green days, however it's not going to take much to bring things crashing down if those eased lockdowns end up bringing a second wave and people realise that things won't simply return to as it was before the pandemic began

 

[timmothy]

I'm still fully in with aviva now.
Getting more tempted to try something else too. Or maybe just now aviva.

I'm looking for dividends I think. I'm no good at trading. Often buy at right time, but never sell

I sold my Aviva. Made 330 in a day which is excellent but got worried it may head down

 

[kiteloopy]

Nice Taking off this morning... I got in around 2-3 weeks ago.

wow, maybe I should have waited! Up from 90p to 113p right now. It was fluctuating around the 70/80p mark for the last few days so decided to bite and not risk it falling again.
oh well, im very happy with what ive got.

 

[BennyC]

wow, maybe I should have waited! Up from 90p to 113p right now. It was fluctuating around the 70/80p mark for the last few days so decided to bite and not risk it falling again.
oh well, im very happy with what ive got.

Peaked at 116 earlier. 400% is nothing to be sniffed at. 9p in the middle of March. Bonkers. Expecting a tree-shake so have a fairly lax stop-loss currently.

LLOY is also up 8% today, did see a few RNS's this morning.

 

[englishpremier]

Interesting one on BP. Profits down 66%, share price jumps 10%. Still paying dividends.

I guess investors were expecting worse news? At 321p It's still down from it's 500p high in Jan though

 

[Skeptic]

12k jobs to go at BA...uh oh

 

[Minusorange]

12k jobs to go at BA...uh oh

Cutting costs, share price should rise

 

[Skeptic]

I wouldn't be surprised. Nothing surprises me anymore. Going back to cash gang imminently. Too much euphoria in the market, lots of greed and fomo.

 

[The_Abyss]

12k jobs to go at BA...uh oh

Over 25% of their workforce, and I imagine that it'll be only wave one of restructuring.

BA hasn't been an airline for about 20 years. Instead it is a pension fund (and chronic deficit) that runs an airline. The size of their pension deficit has repeatedly and consistently exceeded the value of the airline.

 

[arknor]

Is there a better platform than trading 212 for day trading?

I'm personally waiting for robinhood app

Join millions of customers in the US who have discovered commission-free investing with Robinhood. Coming to the UK in early 2020.
You’re #38,736 out of 158,251

 

[englishpremier]

I'm personally waiting for robinhood app

Won't it just be the same as Trading212 making money on the spread, CFD loans etc..?

 

[dowie]

Is there a better platform than trading 212 for day trading?

Yes. question really should be are there - answer again is yes. Of course specifics depends on your own situation etc.. General answer is you'd be better off lowering your costs, trading the underlying instruments not taking punts with CFDs, spread bets etc..

In the case of UK shares CFDs perhaps are required to avoid stamp duty - though perhaps better to go with a provider that at least presents you with an order book rather than a two way quote they're on the opposite side of... IB offers this and acts more like a broker when offering CFDs (even though technically they're the ones entering the underlying trade in the order book and then accepting a corresponding CFD trade from you).

Won't it just be the same as Trading212 making money on the spread, CFD loans etc..?

No. Cash equities. They make money by selling client order flow to market makers/HFT firms.

 

[timmothy]

Thanks Dowie. The issue I have with 212 is that say I buy a share at £100 and then 2 minutes later it has risen to £101. Unfortunately 212 will let you sell at £100 so you need to make a higher percentage until you can sell at a profit. I was hoping to make little bits of cash by watching the market. Then buying at say £101.6 and selling at £101.9 only making a little profit each time but enough that it will add up over time.

 

[Simon]

That’s the spread and where their commission is surely ?

 

[timmothy]

That’s the spread and where their commission is surely ?

That is my thoughts as well. What I would like is a site where I can pay a monthly fee of say £100 to avoid this and get the perfect rate

 

[englishpremier]

That is my thoughts as well. What I would like is a site where I can pay a monthly fee of say £100 to avoid this and get the perfect rate

What are your volumes if you want to pay £100 per month for reduced spread?

IG and Trading 212 both have 'Professional' subscriptions as I'm sure many others do.

 

[inferno]

Thanks Dowie. The issue I have with 212 is that say I buy a share at £100 and then 2 minutes later it has risen to £101. Unfortunately 212 will let you sell at £100 so you need to make a higher percentage until you can sell at a profit. I was hoping to make little bits of cash by watching the market. Then buying at say £101.6 and selling at £101.9 only making a little profit each time but enough that it will add up over time.

How big are your trades going to be to make money on that?

I've honestly given up trading. Just buy and hold