Trading Tips

[pete01]

That's a great idea, I knew someone would know about trading.

I'm not just a pretty face

 

[Highway Man]

I'm not just a pretty face

You certainly are not..
Think on!!!! [TM]

 

[motorbiking]

There seems to be a fair few financially clued up people on this forum, does anyone on here actually do any trading or have any real insight into it? My idea is to learn trading as I have no real knowledge of it and wondered if it is something you can actually learn as a complete novice?

Its really about how much time you have, what returns you need and how much risk you can take.

I've done ok but my approach has been a bit scatter gun or sticking to stocks where I have strong knowledge. My 25 year CAGR has been around 20% not including dividend reinvestment. I hold some long term tech stocks where I have made 2400%. I mentioned on this forum that I bough NVDIA at $96 last Apr, thats currently trading at 200. I also "enjoyed" the wild ride that was TSLA.

I have recently been buying a lot of VWRP as I need to reduce my risks. But it comes with complex tax accounting as accumulating ETFs. attract ERI

It sounds like you might benefit from working out your F.I.R.E (financial independence retire early) strategy. This is something I did with Claude.ai "can I retire at 54?".

If you haven't invested your ISA limit, you might want to take a look at VWRP. It is a so called buy and forget all-world tracker. Its CAGR is around 11%

unfortunately, you have missed a timing opportunity as the global markets where depressed due to the Middle East war. I'm sure there will be dips again.. but the saying:

Time in the market beats timing the market is very true.

 

[blup]

If I add up the number of minutes I have spent in the last 30 years from my investments dealing with burst pipes, leaking roofs, condensation, grasping agents and unpaid rent, it totals....


Zero.

The same as the amount I have spent on maintenance and modernisation.

Maybe if you have a sizeable chunk of cash that you can play with and be in the game for the long term. Otherwise it like the races, you either have to know the form or have some insider knowledge.

 

[King Billy]

I follow the old adage:

The old adage, “it’s not about timing the market, but about time in the market,” has been proven true over the years.​

Choose a reliable stock with a decent track record, and stick with it.
The same applies to funds. But with funds you may have to wait a while before you see any returns covering your costs.
I may dabble a bit occasionally, but not with serious money, max probably about £5k.
But don't think you can dabble on a daily basis and enjoy returns. Dabble in my case tends to be over a month or two.
There's always precious metals if you're that way inclined. But there's no dividends.

 

[motorbiking]

Maybe if you have a sizeable chunk of cash that you can play with and be in the game for the long term. Otherwise it like the races, you either have to know the form or have some insider knowledge.

Do you have a private pension?

 

[Highway Man]

I follow the old adage:

Choose a reliable stock with a decent track record, and stick with it.
The same applies to funds. But with funds you may have to wait a while before you see any returns covering your costs.
I may dabble a bit occasionally, but not with serious money, max probably about £5k.
But don't think you can dabble on a daily basis and enjoy returns. Dabble in my case tends to be over a month or two.
There's always precious metals if you're that way inclined. But there's no dividends.

That was the sort of figure I had in mind, what sort of return can you expect for such a small amount over a 2 month period?

 

[motorbiking]

That was the sort of figure I had in mind, what sort of return can you expect for such a small amount over a 2 month period?

two months?

probably a loss. You've got the spread risk, timing risk and transaction costs.

However, if you put your 5k in for a year you'd be about £500 up

 

[Highway Man]

two months?

probably a loss. You've got the spread risk, timing risk and transaction costs.

No get rich quick schemes then in trading?

 

[SPLINE]

Notice how many of the board's communists are stock market capitalists!

 

[motorbiking]

No get rich quick schemes then in trading?

not for you: think on™ wise up™

 

[King Billy]

As MBK says.
Or you could get lucky (which might happen occasionally) and make a 50% gain. But that's pretty rare, except in cases of the recent Iran war, where the repercussions could have been foreseen.
But the "war" started on a Saturday morning for us in UK. It would have been Monday morning before you could trade, and most of the losses were built in by then. And you would,need to have some money in hand to trade at the lows.
If your 'cash in hand' was already tied up, you need to add more money to your gambling pot.

 

[Highway Man]

not for you: think on™ wise up™

dammit !!!!!

 

[pete01]

No get rich quick schemes then in trading?

Invest 5k and the 50 quid a month for 15 years?

Im tempted for my son, been looking at vanguard.

 

[Wayners]

You just need one global stock with
over 3000 companies in. That's it...
I use trading 212.
Stocks and shares ISA.
Open account.
Use a promotion code where you get a minimum of £20 random stock free. I got Lloyds UK...
Buy a global ETF. I recommend Invesco FTSE All World UCITS ETF Acc. Must be the ACC (dividend reinvest) not the DIV
(Dividend payed to you)
Put in what you can afford every month for next 10+ years. Anything from £1 to £1000
Now investing.
I have a small punt on individual stocks but you must be an active investor. This is more complicated and risky but you need to understand what you are doing.
I can post a video walking you through step by step that got me going.
Wish I done it years ago