Stock market dealing

So I start off with my £10k. How many hours do I have to sit at my PC assessing the trading charts to make my £25?

Sure, if you’ve got £100k kicking around, then it might be worth it for £250/day, but who’s got that much lying around to take a punt on day trading?
Justin Passing is talking about trading as opposed to investing.

I’ve been looking into it as I find it quite interesting, it is certainly possible, but you need to invest a serious amount of dedication to learn how to trade.

This is the best tutorial I’ve found covering the basics:


Jason Graystone reckons you need 6mm to learn and the next 12 months to become proficient and have a repeatable, risk managed strategy that will create a positive return


There are lots of traders with a YouTube channel…..but most of its hype, be careful
 
Tom - that's wrong. Answered in the other thread,
Sorry but I have no time nor inclination to look at your multiple pages of your blog.

So now you're an expert, on a subject you clearly knew nothing about for about 3 posts.?
Don't make the assumption that you know about my experience, because I've shown that your boasting is so far above average that it's barely credible.
 
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It's tad annoying to be told you're wrong when the teller hasn't read what was written and....



No no no Tom you're talking about buying and holding. Traditional, bowler-hat-brigade "investing". I'm not.
I did however show the details for returns in an ordinary day. It's better than average at the moment because there are selectable parts of the total which are still recovering from Trump's actions. If you shift your money around, between bonds, tech stocks, India, China, whatever, you beat the "average" indicators by mile.

You're making assumptions based on what you know about, I think, but the world has changed.
I know a bit about property, I have some. It's doing ok, but I can make more a week, even a day sometimes, that I do from the properties in a year.
I've been trading for a couple of years. It is very very much more lucrative, if you learn a bit. I have a thread about it in "hobbies". I started with 20k and showed the sums accumulating on the phone bank statement which were around 300k I think, in a few months. Most people don't know how to do that, but people who do are now common as muck. Soon we'll all have phone apps doing it for us. I'm not kidding.

65% return? I have long-since lost count of how many times I've beaten that, in one day. I wish I could find a trading challenge I was watching, a year or so ago. Iirc it started at 1000 or 5000 $ and ran for 4 weeks. The winner made 27m. There was a long list in the hundreds of k's.


First you learn, and practice with a "paper" account. Read everything which is recommended widely, then watch people doing it live on youtube while you see what you can do in your paper money account. SHould only need a couple of weeks. There's a small number of stocks/indices to mostly use. Nvidia, Apple, Tesla, etc, and crypto-relateds when that's running. You take heed of news etc, and then follow everyone else. It's easier at the moment because T keeps kicking the markets up or

OK that's all the comments here answered, for any other info please use the Hobbies section thread.

It's tad annoying to be told you're wrong when the teller hasn't read what was written and....



No no no Tom you're talking about buying and holding. Traditional, bowler-hat-brigade "investing". I'm not.
I did however show the details for returns in an ordinary day. It's better than average at the moment because there are selectable parts of the total which are still recovering from Trump's actions. If you shift your money around, between bonds, tech stocks, India, China, whatever, you beat the "average" indicators by mile.

You're making assumptions based on what you know about, I think, but the world has changed.
I know a bit about property, I have some. It's doing ok, but I can make more a week, even a day sometimes, that I do from the properties in a year.
I've been trading for a couple of years. It is very very much more lucrative, if you learn a bit. I have a thread about it in "hobbies". I started with 20k and showed the sums accumulating on the phone bank statement which were around 300k I think, in a few months. Most people don't know how to do that, but people who do are now common as muck. Soon we'll all have phone apps doing it for us. I'm not kidding.

65% return? I have long-since lost count of how many times I've beaten that, in one day. I wish I could find a trading challenge I was watching, a year or so ago. Iirc it started at 1000 or 5000 $ and ran for 4 weeks. The winner made 27m. There was a long list in the hundreds of k's.


First you learn, and practice with a "paper" account. Read everything which is recommended widely, then watch people doing it live on youtube while you see what you can do in your paper money account. SHould only need a couple of weeks. There's a small number of stocks/indices to mostly use. Nvidia, Apple, Tesla, etc, and crypto-relateds when that's running. You take heed of news etc, and then follow everyone else. It's easier at the moment because T keeps kicking the markets up or down.
Just one small example from me, Friday (I think - youcan check). Nvidia was looking pressured. Ok, so look in the premarket, that'll indicate what's likely. Nvidia looking bearish (down), Youtube pundits are usually right, nd they agree. Market opens, when it starts to move, you enter short ( you win when it falls) , leveraged at 5%. In 40 minutes on Friday it was down 3+% so for you that's 15% profit (3 x 5). CLose the position and waitThen what usually happens, unless there's some overriding thing going on, the price will come back up to where it started, more or less.. So you go LONG, set your stops , wait until you're recovered (can't lose on the trade) if you like so you don't need to worry, then f off. That makes a few % more, so perhaps 25% on the day. No I don't use "all my money".

It's like riding a bike. 80% of the difficulty is the fear, which you overcome with experience. When you're only using money you've won, that drops right down.
Some days it's a mess or nothing's happening, or it suddely turns, so have a day off. I get a negative day about once in 4 week, but only a couple of %. I remember one which I stuck at which turned out minus 5%.

OK that's all the comments here answered, for any other info please use the Hobbies section thread.
Nope, question not answered. There’s a reference to 40 minutes within that wall of text, but no answer to how many hours I might expect to ‘work’ to make my £25. Just a rough idea.

Genuinely, good luck to you or anyone else who makes money at it. But throwing it out there as a great way to make money for the normal punter is nonsense - they haven’t got the capital to make it worthwhile.
 
Justin Passing is talking about trading as opposed to investing.
I’ve been looking into it as I find it quite interesting, it is certainly possible, but you need to invest a serious amount of dedication to learn how to trade.
It's a high risk way of trading.
Then there's the Stamp Duty, Commision/Dealing Charges and Capital Gains Tax to take into account.

And any glitch in your internet connection can cost you lots of money in lost trades.
 
It's a high risk way of trading
not if its done correctly, very much so if not done correctly -its not a get rich quick scheme

day trading requires discipline by using a consistent strategy

Then there's the Stamp Duty, Commision/Dealing Charges and Capital Gains Tax to take into account.
any form of income attracts tax, trading is no different


And any glitch in your internet connection can cost you lots of money in lost trades.
yeah probably true for millions of people who work from home
 
Well if you make posts failing to iunderstand what was written, so reply with incoherence on a different topic, that's quite telling about your experience.

You have shown nothing, except ignorance. What is credible to such a person, doesn't matter.
If you want to learn, ask, but you're wasting your time telling the guy who's doing it most days, and showing evidence, what is and is not possible.
Plenty of people I know do it better than me.
 
It's a high risk way of trading.
Then there's the Stamp Duty, Commision/Dealing Charges and Capital Gains Tax to take into account.

And any glitch in your internet connection can cost you lots of money in lost trades.
None of those is a "problem" . Yes there's tax on share trades in some jurisdictions, but you needn't pay it, or any of the rest you state. Anyone who does it, knows why. There are more difficult issues you haven't mentioned, presumably because you don't have a clue.
 
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not if its done correctly, very much so if not done correctly -its not a get rich quick scheme

day trading requires discipline by using a consistent strategy

any form of income attracts tax, trading is no different

yeah probably true for millions of people who work from home
It needs discipline, yes. As above, none of the rest need be true. Ask on't other thread if you want to know more. I read that book onlne, it's very good. There are loads of others free. Get rich quick> For a pension, you have years.
 
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Nope, question not answered. There’s a reference to 40 minutes within that wall of text, but no answer to how many hours I might expect to ‘work’ to make my £25. Just a rough idea.

Genuinely, good luck to you or anyone else who makes money at it. But throwing it out there as a great way to make money for the normal punter is nonsense - they haven’t got the capital to make it worthwhile.
If that "wall of text" is too much for you forget it, you need to be able to hold and act on information. It's maybe half a gcse but you can start light.
It needs discipline. Most of the problem is "mental". It takes some knowledge, and support. If you spent 2 weeks you would have most of the tools. It took me about 4 but much support is out there free, now. Many people around the world spend a few minutes before they go to work, etc etc, depending on the time zone. Set the stops and go. Phones are good enough for most things. You can tailor activity to what works for your situation. If you're thick or impulsive, which would be true for many, forget it.
Because of Trump(tariffs) and Merz(arms) the DAX (and the CAC40) may rise well tomorrow. Maybe from now. See what happens, and multiply any move of the futures index you take by 20 because that's the leverage. Use stops.
 
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It's a high risk way of trading.
Then there's the Stamp Duty, Commision/Dealing Charges and Capital Gains Tax to take into account.

And any glitch in your internet connection can cost you lots of money in lost trades.
Stamp duty on stocks?
 
not if its done correctly, very much so if not done correctly -its not a get rich quick scheme
It is the way Justin suggests.
Start with £1 and the dealing charge will be about £12. :ROFLMAO::ROFLMAO:

day trading requires discipline by using a consistent strategy
No strategy will provide an average of 65% profit.

Stamp duty on stocks?
0.5% Duty on the transaction.
If it's transacted electronically, and Day Trading will be, it's Stamp Duty Reserve Tax (SDRT).
So you incur tax when you buy them, when you earn money from them, and when you sell them (if at a profit).
If you give them away, or leave them as an inheritance may also incur tax.
 
Tom, all rubbish, continues to show he hasn't a clue, and mbk not far behind!
Since suggested it last night:
Just an odd couple of £k,
1748336596709.png

All I did was sleep.
One is the German Index, the other is the US Nasdaq.
Tax, none
Charges, dealing, none.
Exchange cost is 0.15% of the profit, not the investment. So under £1.
Result = profit. just over 10% overnight.
I did lose the 0.02% it would have earned in the building society, 50p or so.

While typing , it has changed, couple of % more:
1748337681790.png

If you want to learn, fine, but use the other thread.
If you want to argue with someone who clearly knows far more than you do, think again.
 
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Tom continues to show he hasn't a clue, and mbk not far behind!
Since suggested it last night:
Just an odd couple of £k,
View attachment 382564
All I did was sleep.
One is the German Index, the other is the US Nasdaq.
Tax, none
charges. none.
Result = profit. just over 10% overnight.
I did lose the 0.02% it would have earned in the building society.
may I ask how long it took you to build a consistent strategy to give you a positive risk profile. Did you spend ling doing paper trades before going live?

from what I can see, it takes a lot of experience and knowledge to do what you are doing, I think you might be glossing over the considerable skills you must have to do this
 
may I ask how long it took you to build a consistent strategy to give you a positive risk profile. Did you spend ling doing paper trades before going live?

from what I can see, it takes a lot of experience and knowledge to do what you are doing, I think you might be glossing over the considerable skills you must have to do this
They don't advise people for no reason that 80% lose money when trying such trades.
 
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