Stock market dealing

[Justin Passing]

I've been using Trading 212, It has always been poor in many areas, but it's getting worse. I haven't used them much for ages now. I'm investigating others. All have their snags.
Don't use it.
It's Free, except where it's really expensive. Yes you can make a lot of money when things are easy. For beginners, they'll do - you learn some lessons.
Their charts are bogus, They seem to have tweaked them to be more against you. Their staff are awful. They lie.
For ETF trades/investments they're ok but you need OEIC funds.

I thought the one I thought I'd settle on would be IG, but no. Silly charges, and you can't even add a stop to an open position.
Looks like it'll be Interactive Brokers. Pepperstone look OK too, just not as wide a range.

Too many reasons to go through! Watch out for slippage, lack of order types, lack of range of funds, excessive swap rates and FX rates.

I REALLY don't like eToro. Horrible thing. But they do have copy trading, so you could let someone else trade it. I've tried a couple and they were no good, but...
I opened an account with them for entertainment when my wife died last October. When something is "ripping" up or down, I poke the phone and go all-in at 5x or whatever their max leverage is. Add a trailing SL and a TP. It's at 7k, 9 months later.


Lazy day today. The far East recovered last night, so I opened on Micron about 9 this morning, with 20k.
7% up, x5 = 35%, on 20k = 7

 

[morqthana]

Short notice, I'm afraid, but this might be of interest to some of you.

Hybrid Event: What Does a Quant Actually Do?

The Computational Foundations of Quant Trading and Risk Management

www.eventbrite.co.uk

Free, and there's a webinar option, you don't have to rock up to the BCS venue.

 

[Justin Passing]

@motorbiking said he'd had trouble with Interactive Investor.
I'm seething . They've got about 5 things wrong in a row. Including LOSING a couple of transfers for quite a while.
I asked what went wrong. "Don't know, there must have been a delay" . No Schit Sherlock.

Looking for an alternative. The thing is they're cheap - and yes I know the saying...

 

[motorbiking]

I don’t think they are cheap at 15 quid month.

I like E.*trade but they don’t allow non US anymore

 

[Justin Passing]

I don’t think they are cheap at 15 quid month.

I like E.*trade but they don’t allow non US anymore

I don't think e-Trade is available to UK citizens now.
Trading212 doesn't have OEICS, or all the ETFs. I'm getting very p'd off with T212. Their charts are fraudulent.
Freetrade doesn't have many instruments.
AJBell isn't bad but there is a flat 0,25% charge, no USD account and they're skimpy on limit orders
HL are higher fees again.

I have a SIPP + ISA + GIA at ii so it's 25/month. It would actually be worth paying for their £40 month tier because it saves on other charges.
IB looks good for trading so I'll probably go there.
You need a spreadsheet to calculate the fees though, Saying that, they are low.
IG have silly FX rates
CMC markets have unleveraged Spread betting free of the interest fee so I'll have a look at that for long term investments tax free.
I keep lookling at Pepperstone too - they look good. Can't remember the snag.


Investing -wise, the main part of the market is hard work -I'm dipping into buckets and spades of the AI buildout but even that's too volatile. Things like UK and Euro midcaps, value stocks, dividend stocks, are have risen about 5% in the last 3 months, which beats the S&P 500.
Tech has dumped 20 odd percent and could repeat any time. When things swing t profit I'm pulling all out of most of anything US.
I don't need any more money, anything approaching that 20%pa is fine.
If I do, I can wait for an appropriate day when things are moving. Shorting Spacex has won a lot.

Using swings and up-channels has been working too. They're indicating US Housing could climb. Gold is getting popular too.