Trading Tips

[motorbiking]

Nothing snide, just factual.


YOU are not the judge of anyone else's motivations.

And yet in post 165 you did exactly that.

 

[Diver Fred]

This works for me.
Save regularly into a Cash ISA - say a £200 per month. Once that has built up into a tidy amount transfer 50 to 75% into a S&S ISA. Continue paying into the Cash ISA and repeat regarding transferring into a Stock & Shares ISA. The repeat is probably 3 or 4 year intervals, doing more regularly than that can be expensive as there is fee for buying the 'Units'. Management costs should not exceed 1%. Invest at risk level 3 or 4 - your IFA will determine that value for you.

You will be making money after 5 years and should be looking at substantial growth (50% poor, 100% good) in 10 years

 

[Brigadier]

And yet in post 165 you did exactly that.

I answered a direct question.

#153

 

[motorbiking]

This is today's FREE premarket prep.
I speed-read it. PLTR caught my eye.


It wouldn't post - too long. I'll find another way another day.

I'll be looking at MARA, GOOGL, SOXL, BE, PLTR, AMD, AAOI, Lite. Mu, plus the other Mag7
plus oil, metals. ONly need a couple.
Oh and Boeing.

Most of the tech/IA stocks are up 3-5% today and double digits over the last month.

 

[fillyboy]

And yet in post 165 you did exactly that.

It's why the other snidey ***t 'liked' his post.

 

[Brigadier]

It's why the other snidey ***t 'liked' his post.

From you (someone who is blind to truth), that means a lot

 

[JohnD]

The repeat is probably 3 or 4 year intervals, doing more regularly than that can be expensive as there is fee for buying the 'Units'.

My scheme charges £3.99 per trade, and you get one a month free.

If you want to invest, I don't think there's a benefit in putting your contributions into cash.

 

[diy_fun_uk]

I would avoid trading in play accounts, since this thread started, the stocks suggested have already gone up a few percent.

Unless I'm misreading you, I don't necessarily agree with that, certainly from my own pov.

I think it's great to be able to have a play with fake money to get a feel for the whole thing.

 

[fillyboy]

Unless I'm misreading you, I don't necessarily agree with that, certainly from my own pov.

I think it's great to be able to have a play with fake money to get a feel for the whole thing.

Losing real money will focus your mind far better than losing pretend money.

 

[Highway Man]

Losing real money will focus your mind far better than losing pretend money.

Try telling pete that, he has never got over that tenner.

 

[pete01]

Try telling pete that, he has never got over that tenner.

I really haven't

 

[Highway Man]

I really haven't

I know [TM]

 

[Dereekoo]

I've said, I have enough now, but I didn't when I started.
The thread title is Trading Tips, so what's your problem?
Are you suggesting there something worng with growinfg an account you don't have an immediate use for?
Or are you trying to formulate a different criticism, like

not really me, I don't add it up very often. It's spread about so there's no one account statement.




So what? It sounds rather like you're irrelevant, but want to keep restating the same things.
You don't do it, you say, perhaps that's why you wouldn't know much about it, beyond your parroting what you've read somewhere.
Lots of people are happy with their building society Investments. Fine for them.

Yes you can do trading as a hobby, so what?
Some people spend a few minutes a day, or a week or a year.
Some people do trading daily as an income and earn a very good one.
If someone has a hobby that gets them knowledgeable about enterprise, world economics, supply chains, technological developments and the like, where they can find and use companies to invest in which make more than 50% in 3 months, say, what's wrong with that?

It's a means of making money grow much faster than leaving it alone, wherever you put it - if that's what you mean by your "Investing".



Well you keep it until you need to pay it out, innit. If you've parted with it, it doesn't accrue..
As it happens, the plans for "paying it out" largely died with my wife.
We did have plans, but not ones I can carry out alone.

I spend some time explaining how it works , thinking that someone else might benefit. A few who have contacted me, have benefitted. One spectacularly not. Yes, it's not for everyone.

Keep up with the advice/comments/info, its a bit beyond me at times but I find its interesting as opposed to dull because I don't understand it (bit like some school subjects as a 12/13 year old). I'll stick with my bog standard share portfolio which at the moment gives enough returns to no doubt put a smile on the kids face in the fulness of time and a smile on my face currently because its more than 3%. I would like a bigger return so I can have a suite on a cruise but a pint and a cob is my barrow. Maybe next week I'll start trading, then again perhaps not

 

[motorbiking]

Unless I'm misreading you, I don't necessarily agree with that, certainly from my own pov.

I think it's great to be able to have a play with fake money to get a feel for the whole thing.

I don't really see what you are practicing.

The priority is to get your money working.

 

[Justin Passing]

Nothing snide, just factual.

It was the remark about accumulating money just to worship the account balance, or something along those lines. And something about accumulating money one doesn't need - Not necessary.
---

Practice Accounts
With T212 you can use both at the same time.
You'll need to use a practice account for a while to find out how it works. Nothing much comes with instructions these days so you make mistakes.

When you start, you'll place too many trades.
I still do on days like today when so much went up.

In a real money account, use the smallest amount they let you, or about £2. You'll start to see some anomalies.
The CFD platform shows you the spread and you can easily use both Stop Losses and Take Profits, which is better, but you can suddenly lose, so be careful. It's fairly easy to make a mistake and lose a lot quickly.
¶ Never never never chase a sudden rise; it'll bounce back and bite you.
¶ Never buy at the leading edge of a candle, always wait for a pullback.
¶ Look first at larger time frames, for Levels.
¶ Don't buy (or go short) AT a level, you never know which way it's going to go. Wait until it moves, to give you "confirmation".
¶ If you join a steadily-rising "name" expect it to reverse immediately. It's spooky how often that happens.
¶ If you must, enter with a very small amount.
¶ Ideal for a beginner is to wait until you see a
WWWWWWWW
pattern, and buy at the bottoms, and sell at the tops.
¶ Practice using your set-up buy and sell prices - called "stops".

Full lessons are painfully slow. Watch TraderTV from 13: 30 ( an hour before the US market opens, then watch on for a bit. You'll start to absorb what they're on about.

A few things on a chart:
¶ Note the Bid and Ask lines. the distance between them is the Spread, which is wide here because the main market is closed.
¶ The fuzzy horizontals are "levels". They get returned to.
¶ Green and red arrows are trends = good news
¶ Idealised trend in grey, Buy at green, just after the pullback, sell at red. Pre-empt the tops a bit.
¶ Yellow arrows, note a long "wick" when the price is about to reverse. Very common.
¶ Don't go near it when Volume is low and the price is "going sideways", or "consolidating" - you'll get caught.
¶ Green and blue wiggly lines are Moving Averages, of "lengths" 10 and 50 candle widths, which is 5 minutes here.
¶ Note how the trends "hug" one of the moving averages. I've removed others.
¶ For the uptrend on the left, it's not worth selling when the trend reverts to the moving average (thin green line) Buying and selling will be imperfect and lossy. It WOULD be worth it for the one on the right.
¶ For the red, falling one, only the first couple of pull backs. You'd be going Short for that one.
¶ For the one on the rigt, you COULD go short for the falling parts, but DON'T when you start - only go WITH the trend, it's much safer.

The entire swing is only $3 here, 199 - 202 ish.
So you'd need 10 shares, = $2000, to make £30.
Hardly worth it.
So you either use more cash, say for 100 shares, = $20000 for a $300 swing (Invest platform)
Or in the CFD platform you have 5:1 leverage, so your $4000 buys $20,000 of shares
$20,000 /200= 100 shares = $300

Once you've built your winnings to say $40,000, you make $600 on the swings, which I wouldn't bother with.
$3 on $200 is only 1.5%
A lot of "names" today moved 5%.
Same sums - 5% x 5:1 = 25%.
25% of that 40,000 is worth having.


For ISAs you can't use that sort of leverage, but there are leveraged ETFs you CAN use.
Here, 3x MSTR (Bitcoin related) moved up in the night, and in the premarket before 14:30 when the market opens, so if I'd been smart I would have bought it in anticipation at one of the bottoms, and used it for the big rise shown.

Which would have taken a 20k ISA to 23k.
Not bad for a day.
I used 3x ARM, which rose loads, but I buggered it up. Only got a few %.