Investments

Old Feb 11th 2016, 7:01 am
  #46  
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Default Re: Investments

Originally Posted by Millhouse
Still, 1500quid up on the day and all exited. happy with that.
Can I invest in you?
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Old Feb 11th 2016, 7:04 am
  #47  
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Default Re: Investments

Originally Posted by Scamp
Can I invest in you?
I only report the gains.
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Old Feb 11th 2016, 7:07 am
  #48  
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Default Re: Investments

Originally Posted by Millhouse
I only report the gains.
I wish I could prove it. But as soon as I wrote my reply I said in my head "anyone who gambles only talks about the wins though".
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Old Feb 11th 2016, 10:12 am
  #49  
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Default Re: Investments

Originally Posted by Scamp
I wish I could prove it. But as soon as I wrote my reply I said in my head "anyone who gambles only talks about the wins though".
Not me, hide your losses from others means you are hiding them from yourself.
Made a few quid on the Dow yesterday not as much as I thought but gave most of it back getting stopped out long on oil.

looks horrendous today. I am staying away. Beauty of day trading pick it up and put it down when you want.

good luck if you are in
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Old Feb 11th 2016, 10:19 am
  #50  
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Default Re: Investments

Originally Posted by Lightandbitter
Not me, hide your losses from others means you are hiding them from yourself.
Made a few quid on the Dow yesterday not as much as I thought but gave most of it back getting stopped out long on oil.

looks horrendous today. I am staying away. Beauty of day trading pick it up and put it down when you want.

good luck if you are in
Brain-picking: do you do it as a hobby, or full-time? Do you have a "bible"? Any recommended platforms? Do you use technical analysis software?
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Old Feb 11th 2016, 10:38 am
  #51  
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Default Re: Investments

Originally Posted by Lightandbitter
Not me, hide your losses from others means you are hiding them from yourself.
Made a few quid on the Dow yesterday not as much as I thought but gave most of it back getting stopped out long on oil.

looks horrendous today. I am staying away. Beauty of day trading pick it up and put it down when you want.

good luck if you are in
I'm in long term on everything. Rather unwisely should have sold up when at high profit last year and reinvested this year. Still profitable but 30% down on where it was.

Now just looking, waiting, watching and trying to work out when is best to buy back in to banks and oil.
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Old Feb 11th 2016, 10:40 am
  #52  
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Default Re: Investments

Originally Posted by Bahtatboy
Brain-picking: do you do it as a hobby, or full-time? Do you have a "bible"? Any recommended platforms? Do you use technical analysis software?
Hi, I have been doing this for a long time, do have another income stream but if I had to vote on the how bad is business thread I would be voting much near the bottom of the list than the top so effectively this is my main income source.

Technical analysis is so subjective it's no help to an in an out trader. I really have no interest or view which way the market is going. It doesn't matter, I like to get in and out very quickly.

Anyone that says they get it right all the time or even 75% of the time is kidding themselves. If you trade this day by day or hour by hour or minute by minute it is just a bet, a gamble a flick of the coin nothing more.

However I work it to my favour, stop your losses and run your profits. It varies but for clarity let's say I am working on a 2 up 1 down formula. Meaning that when I place a trade I will limit my loss to 1 but I look to make 2 and get out as profit.

I expect to get it right 5 times out of 10 but my winnings are 5 X 2 and my losses are 5 X 1 so healthy profit. On this basis getting it wrong 6 out of 10 still shows a profit and even 7 wrong only show a small loss.
Risk against reward is the only technical analysis I use.

valid point in a previous post that stop losses can be guaranteed losses but lowering leverage reduces this.

works for me but takes some time and attention.
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Old Feb 11th 2016, 11:15 am
  #53  
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Default Re: Investments

Originally Posted by Lightandbitter
Not me, hide your losses from others means you are hiding them from yourself.
Made a few quid on the Dow yesterday not as much as I thought but gave most of it back getting stopped out long on oil.

looks horrendous today. I am staying away. Beauty of day trading pick it up and put it down when you want.

good luck if you are in
two contracts pointing the wrong way today - yesterday's gains gone but i'm not suicidal yet.

oil is annoying.
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Old Feb 11th 2016, 11:26 am
  #54  
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Default Re: Investments

Originally Posted by Scamp
It's ambitious but I don't see why not.
And that's exactly why the majority of people lose money on share trading. One or two lucky buys with lucky timing and people think they're good at it.

No one get 10% year on year. Markets just don't work like that. If it were so easy everyone would do it and make money and there wouldn't be professionals who get paid large sums to do it for others.

I haven't read the rest of the thread but I am too busy managing people's investments and getting results better than market averages which is what you need to make money sensibly over the long term. (And no, not in ghastly 20 year savings plans.)
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Old Feb 11th 2016, 11:49 am
  #55  
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Default Re: Investments

Originally Posted by Meow
And that's exactly why the majority of people lose money on share trading. One or two lucky buys with lucky timing and people think they're good at it.

No one get 10% year on year. Markets just don't work like that. If it were so easy everyone would do it and make money and there wouldn't be professionals who get paid large sums to do it for others.

I haven't read the rest of the thread but I am too busy managing people's investments and getting results better than market averages which is what you need to make money sensibly over the long term. (And no, not in ghastly 20 year savings plans.)
In short, 10% of my 10% is about what most banks are willing to give.

So if in 18-24 months time these shares are worth 10% more than they are today, which is by no means beyond the realms of possibility because they were originally bought in the 07/08 crisis and all (bar BP) are still profitable...then I've done alright.
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Old Feb 11th 2016, 11:52 am
  #56  
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Default Re: Investments

Originally Posted by Scamp
In short, 10% of my 10% is about what most banks are willing to give.

So if in 18-24 months time these shares are worth 10% more than they are today, which is by no means beyond the realms of possibility because they were originally bought in the 07/08 crisis and all (bar BP) are still profitable...then I've done alright.
An interest rate and an investment return are not the same thing and shouldn't be compared.
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Old Feb 11th 2016, 11:58 am
  #57  
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Default Re: Investments

Originally Posted by Meow
An interest rate and an investment return are not the same thing and shouldn't be compared.
You know more about this than I do, obviously. But. In 24 months, 1,000 quid might gain 2% in a bank. It might gain 4% by using shares. I might lose 100%, it might gain 100%
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Old Feb 11th 2016, 12:16 pm
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Default Re: Investments

Originally Posted by Scamp
In short, 10% of my 10% is about what most banks are willing to give.

So if in 18-24 months time these shares are worth 10% more than they are today, which is by no means beyond the realms of possibility because they were originally bought in the 07/08 crisis and all (bar BP) are still profitable...then I've done alright.
You are very correct, plus the dividends on the shares you mentioned used to be a healthy return on their own. I suspect you would have got 3-4% just on those.

10% a year is VERY achievable, whether you be a long term investor or a day trader.

Whilst i respect Meow's post, the skill of an adviser is to minimise risk while making a reward greater than having it sitting in a bank or anywhere else thats pretty much negative performing and i am sure she is very good at that.

The majority of the idiots that charge to manage your money take all of the reward and leave all the risk with you. To me that's bollocks.

It is impossible to make 10 % a year without some risk in the same way it is possible to make 1000% if you risk it all, you just have to choose what fits you best and find your point between the parameters

Meow ( I am excluding you, because your post and previous posts on many threads i have read but not contributed too over many months are very fair and valid) but as a whole advisers are in a no lose situation, you pay them, they get it right, you continue to pay them. they get it wrong, already you have paid them, so you **** them off. Who is the winner here?

Absolutely anyone can make money trading the markets and absolutely anyone can go broke trading the markets. It is a casino, the only secret is getting the odds in your favour. As per my previous post, the coin i flip has two heads and one tail so I do ok.
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Old Feb 18th 2016, 6:55 am
  #59  
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Default Re: Investments

Gutted to have botttled it with Anglo American 4 weeks ago.

Anyone got any thoughts on the mining / metals firms? I'm thinking long on Anglo or Rio over 12 months probably.

Can't understand why they are rising at the moment even when reporting poor results and demand is lower?
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Old Feb 18th 2016, 6:51 pm
  #60  
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Default Re: Investments

**** me. I have a fair chunk invested(?) in shares for either medium- or long-term growth or dividends. I'm a month's savings down in about a year-and-a-half, but reckon that should come back. I'm not to worried about that (maybe i should be), but as I said I'm looking longer term.

However, I've just opened a spread betting account, after doing some intensive reading (which only makes sense after actually putting the theory into practice). That's where the **** me bit comes in. I used to play blackjack by counting cards and knowing the odds inside-out, and in the right environment I made a fair amount from it. Time and circumstances don't permit now. I always felt a buzz walking into a casino, or even playing on-line using a roulette system I developed (made £13k in less than a year, playing in the evenings). But spread betting -- jeez, that's the biggest, free-est, scariest casino I've ever seen. Made £600 today, on multiple trades on a very volatile oil market. Thankfully it was only in a demo account, and I mean thankfully coz the potential downside was far bigger than that. Will play with the demo account for some time before committing real money. The potential to be in and out in minutes with cash in hand (or lost) is mind blowing.
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