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Trading the stockmarket (NO Referrals)

Discussion in 'General Discussion' started by mcast123, 2 Apr 2009.

  1. silversurfer

    Capodecina

    Joined: 13 Jul 2004

    Posts: 19,451

    Location: Stanley Hotel, Colorado

    Loyal forum posters to get 1 share per 10,000 posts, mutual society style :D
     
  2. Ev0

    Capodecina

    Joined: 18 Oct 2002

    Posts: 13,939

    I chucked a few quid into SNDL a few weeks ago on a whim, seems to have paid off! As usual, wishing had put more than £500 in!
     
  3. ScarySquirrel

    Capodecina

    Joined: 13 Jan 2004

    Posts: 23,605

    Location: South East

    I've been using Hargreaves Lansdown and Revolut to buy stocks, however £11.95 per trade on HL is way too high for the amount I'm investing and Revolut is missing so many stocks that I am interested in. Trading 212 is not accepting new sign ups currently so I don't know what else to use.

    Any suggestions?
     
  4. silversurfer

    Capodecina

    Joined: 13 Jul 2004

    Posts: 19,451

    Location: Stanley Hotel, Colorado

    Not day trading but on the 15th next and 4 times a month Halifax have been offering shares at 2 quid per deal for years. It does cost like 12 to sell and you still must pay stamp duty but I think they offer all stocks on this kind of platform. I find its fine mostly as they buy in the morning and you can always decide the night before to pull or go for the deal, its more like a 12hr delayed buy you have to spend 7 to 10 days thinking about.
    Tell me the share to check and I'll go see. I last bought AAL even though its coming off a peak and its already doubled I dont mind them long term, theres no fees to hold so I'll close the spreadbet I made a while back and leave this open. Also its fractional and auto reinvests dividends at 1% charge. AAL have results soon, I might hold off for now see how the dust settles; price already regained dam range 22 to 28 i'd guess
     
  5. DireEmblem

    Hitman

    Joined: 25 Aug 2008

    Posts: 946

    Hang fire. The reason 212 is not taking on users, is partly due to IB and the recent surge in users. They will open again. They also have a good forum, but there are some people that mouth off expecting everything for free. Its a good cheap platform for investing. I wouldn't necessarily use it for day trading, but you could.

    Other thought could be to look at alternatives, but I think even freetrade have a paywall.
     
  6. Russinating

    Capodecina

    Joined: 27 Dec 2005

    Posts: 16,687

    Location: Bristol

    I'd agree with the above, just wait. It's the best platform I've used for individual trades.

    Also in on AAL silver, bought in at $14 so fortunate there but also taken a 5% FX hit. They're a very safe midterm hold for me.
     
  7. Minusorange

    Sgarrista

    Joined: 25 Nov 2005

    Posts: 7,860

    Not anymore, with their restrictions on limit orders which I posted on previous page
     
  8. Bes

    Soldato

    Joined: 18 Oct 2002

    Posts: 7,318

    Location: Melbourne

    212 is rubbish for AIM stocks though - orders don’t get filled for ages sometimes and I found even when they did, HL could get a better price, offsetting the £11.95 fee.
     
  9. englishpremier

    Sgarrista

    Joined: 15 Feb 2003

    Posts: 8,784

    Location: Europe

    Is that T212 having to match the trade where as HL being so much larger take the risk on themselves?
     
  10. arknor

    Caporegime

    Joined: 22 Nov 2005

    Posts: 40,147

    Location: Newcastle/Zurich

    for most people who use 212 that 11.95 fee is probably 11.95% of what they would invest in a single stock and hard to overcome
     
  11. Bes

    Soldato

    Joined: 18 Oct 2002

    Posts: 7,318

    Location: Melbourne

    Yeah that’s my understanding - I don’t know how it all works but they don’t ‘go to the market’ in the same way HL do for stocks
     
  12. teneke

    Associate

    Joined: 29 Oct 2020

    Posts: 48

    That's the thing isn't it, same for me. I watched them when they launched at 10$, saw them peek at 13 then saw them go down to .6 and stay there for a year+. Literally nothing showed they'd ever go up up until a week ago. With everything that happened to them in the past year it was always a loosing bet. Hopefully this growth now will continue.
     
  13. Russinating

    Capodecina

    Joined: 27 Dec 2005

    Posts: 16,687

    Location: Bristol

    £100 is hardly restrictive. This year has seen a huge uptake in amateur and retail investors but if you've got less than £100 per trade to spend you may as well learn with a play money account.

    I mean even if a stock grows 100% on a £50 investment it really isn't worth the time, effort and ongoing emotion, and 100% is an extremely lucky example, most of the time gains (or losses) will be significantly less.

    Not to mention the £100 only applies to limit orders, and you're more than welcome to trade £5 in open market for free.
     
  14. Trig

    Soldato

    Joined: 18 Oct 2002

    Posts: 5,079

    Location: Leicestershire

    Yeah I was planning on ditching mine yesterday @50% but was out and about at the end of the day so missed the close, ended up just over 72%, looking at pre-market its up another ~20% so kinda glad I didn't now, makes up for the GME fucksickles from last week lol
     
  15. Minusorange

    Sgarrista

    Joined: 25 Nov 2005

    Posts: 7,860

    What a stupid thing to say, if I've got £500 to play with each month that's 20% exposure per trade if I want to use limits, that's way too much exposure on a single asset, so I should trade with a play money account because I don't have £1000 a month to play with ?
     
  16. CrimsonAvenger

    Wise Guy

    Joined: 19 Oct 2002

    Posts: 1,416

    Location: Highbridge

    Freetrade
     
  17. dLockers

    Sgarrista

    Joined: 21 Jan 2010

    Posts: 8,325

    I dunno, £100 of your own cash certainly makes you think differently than total play money.

    Agreed the level of stress is somewhat similar though :p
     
  18. DireEmblem

    Hitman

    Joined: 25 Aug 2008

    Posts: 946

    End of day, the more options we have to ‘trade’, the better it is for us.

    The one thing I have time to work out, is if I should ditch fidelity once my 0.25% rate expires post takeover of Cavendish holdings. It still seems a relatively cheap platform to gain access to funds though.
     
  19. dwarf

    Hitman

    Joined: 27 Sep 2004

    Posts: 707

    Location: London

    I use Degiro. It's not "free" but their fees are pretty low, especially for US stocks.
     
  20. RoboCod

    Capodecina

    Joined: 19 Jun 2004

    Posts: 19,090

    Location: On the Amiga500

    What's everyone's thoughts on what will happen in April due to the stamp duty holiday ending? Bank crash and stock market plummet?