Trading the stockmarket (NO Referrals)

sick as a dog I didn't get into BP at 300....such is life. I knew I should have started looking at prices until I had done all my homework (reading the naked trader as suggested by someone on here).

May go to one of his seminars as well
 
It's easy to make money on the markets when you know how - just like so many things. The most important thing to remeber is that the market is designed for the very very big players out there. You really must trawl the interweb for informaiton - reuters, bloomberg and others for info before you jump in. Be aware of the additional costs of executing your trades and the stamp duty.

Once you're on to the way things work you should also consider using spread betting as a hedging and profit-enhancing technique.

Remeber that its no different to going down the casino on a Firday night - the big players are the ones who are destined to win and the odds are generally stacked aginst the tiny fish, who generally are more lucky than skilled in making some moeny ont he market. You should always be mindful of realising a profit at a reasonable level - don't be too gredy, especially in these very volatile markets of late.
 
No :( Couldn't get the money sorted in time and i wasn't willing to spend that much on my TD credit facility case i had issues getting 6k out from my isa before the weekend.

Knew i should have gone with my gut feeling and gone in early in the week, as it stands i'm not willing to buy in a rising market (not after my recent KEA disaster), looking at all the pies RRL have fingers in this share is only going up on good news and it has lots of news to come, my only worry is the first RNS won't be as positive as the market wants, for the moment RRL shares have quite strong support between 4.9 and 5.1p so its going to be very interesting to see if we can close today at 5.3p or over, if we can i really think we've made an important step.

I'm going to get my money ready for a trade on Monday / Tuesday (price dependant), I also want to sort my KEA situation out since i'm in at close to 30p!
 
AtticusFinch said:
Remeber that its no different to going down the casino on a Firday night.
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The big difference is if I put 1k on black and the ball lands on Red I’ve lost everything, however if I put 1k on company XYZ the company would need to go bust before I’ve lost everything, clearly this isn't a 50/50 chance and if you've done your research it should be very very rare that you get into a company with prospects of them going under, also you have the chance to cling onto your share for as long as it takes for them to go back up.

I'd say putting money into share vs spending it down the Casino has some fundamentally massive differences.
 
RKH and DES having a bloody good day again!!

Still in the red, but only a few pence away from being into profit at last

Funny how people here are almost ignoring the sudden rise
 
Going to sell BP today as I'm 20% up and although good in the long term, I haven't got a huge amount in there to make it worthwhile.
 
robgmun said:
RKH and DES having a bloody good day again!!

Still in the red, but only a few pence away from being into profit at last

Funny how people here are almost ignoring the sudden rise
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meh, i have been in profit on RKH since they went over 70p :);)

cant say the same for my BP shares!! buying at 400p or so means they need to come back a LOT more to see me get out of the red.
 
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