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      08-24-2011, 08:01 AM   #1
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Share dealing - anyone dabble?

Hey folks, sunning myself on a sun lounger in Spain, and whilst browsing some news on my iPad, I stumbled across the financial section, reading about the stocks and share prices.

I have always fancied a dabble at buying and selling shares and wondered how much other forum members got involved with this?

I am not talking about mega money, just a few hundred quid here and there maybe, but haven\'t really got a clue how to go about it. Googling brings up literally hundreds of brokers, some charging transaction fees, annual fees, some both!

Anyone got any tips for a novice broker! iPad/iPod apps etc or decent online brokerage firms to use that won\'t charge more then the shares are worth.

My first purchase was to be some Pendragon shares, the company appears to be on the up of late, and shares are only 10p Ish each. All the accounts reports are good news and the banks are lending favourably to them.

Be interested to read people\'s views on this!

Paul
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      08-24-2011, 08:07 AM   #2
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There is another recent thread about this very subject. It is not viable (or worth it) to 'dabble' with 100's, you need to be doing it with 1000's at the least to make it worth while. It is also a huge lottery/gamble at the moment and is NOT easy to make money, and even easier to loose it. I bear the scars!

The Stock Market is like a big Casino at the moment.

EDIT:

Here's the thread, I suggest we keep this one going.

http://www.e90post.com/forums/showthread.php?t=568407
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      08-24-2011, 09:19 AM   #3
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Sorry Peter, not been around as much lately and missed this thread entirely. Just read it all and wow, seems like a minefield!!

Mmm not sure what to do now!

Need a decent iPhone app that is easy to use and doesn't charge too much....

Way forward...
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      08-24-2011, 09:56 AM   #4
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I use www.sharecentre.com - very reasonable at 7.50 per trade using their online system
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      08-24-2011, 10:01 AM   #5
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      08-24-2011, 10:08 AM   #6
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Help indeed .
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      08-24-2011, 10:10 AM   #7
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Paul is obviously bored on holiday so think we should set him some photo challenges to post on here instead; potentially much less expensive .
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      08-24-2011, 10:10 AM   #8
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#1 - photo of cocktail/beer with bikini babe in the background
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      08-24-2011, 10:11 AM   #9
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FTSE at a heady 5,215.90 at the minute. Nothing to see here .
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      08-24-2011, 10:52 AM   #10
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Shareprice.co.uk - best app for iphone/ipad

They've also got an offer at the moment - 5 per trade
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      08-24-2011, 10:59 AM   #11
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At the moment I'd be more inclined to day trade or buy on day 1, sell on day 2 or 3. And you need a few thousand per trade to make it worth while. Even if you lose, you need to put in a few thousand to give you the appropriate learning experience.....
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      08-24-2011, 11:07 AM   #12
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Quote:
Originally Posted by kaishang View Post
At the moment I'd be more inclined to day trade or buy on day 1, sell on day 2 or 3.
That's precisely my philosophy, however, it relies on the share price actually going up In this market, it is a 50:50 chance. Some shares I have now held for a number of weeks as they went in the opposite direction to the one expected!

If you think it will go down, use spread betting, better leverage and no trading fees/stamp duty, but it is gambling
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      08-24-2011, 11:11 AM   #13
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If you can afford to put 50k into a day trading account, the share price only needs to rise 2% to see 1000 profit, minus costs.

The bank shares including Lloy, Barc and RBS been gaining and losing as much as 10% per day over the last few weeks. Some very easy money to be made.
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      08-24-2011, 11:25 AM   #14
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I'm putting a few shares aside for lloyds and barclays, long slow recovery I reckon
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      08-24-2011, 11:31 AM   #15
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Quote:
Originally Posted by Nick999 View Post
The bank shares including Lloy, Barc and RBS been gaining and losing as much as 10% per day over the last few weeks. Some very easy money to be made.
Or even easier money to be lost

If you are just looking to learn the rules and can't afford to or just don't fancy potentially bankrupting yourself then there are plenty of "fantasy portfolio" style sites around. It's probably the best way to learn the ins and outs of the game without waking up in a cold sweat every night.
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      08-24-2011, 12:10 PM   #16
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Just do alot of reading on firm and take a punt of 300 quid or so plus
Tesco massively undervalued ATM as well as barc
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      08-24-2011, 12:33 PM   #17
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Quote:
Originally Posted by Nick999 View Post
If you can afford to put 50k into a day trading account, the share price only needs to rise 2% to see 1000 profit, minus costs.

The bank shares including Lloy, Barc and RBS been gaining and losing as much as 10% per day over the last few weeks. Some very easy money to be made.
That makes it sound very easy. It isn't by any means, you are more likely to loose money than make it. Share prices tend to fall much more quicker than they rise and if you have a 'rule' of not selling for a loss you can be stuck with a share for a lot longer than you intended to! If I ran a 50K portfolio, and assuming that it was money I didn't want to loose, I would trade more than one share, in different market sectors to ensure I was a little diversified. I would also ensure I didn't have my full portfolio invested as I could retain the option of averaging down in a share if its value plumetted.

Just my view of course
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      08-24-2011, 12:53 PM   #18
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Quote:
Originally Posted by peterg1965 View Post
It is not viable (or worth it) to 'dabble' with 100's, you need to be doing it with 1000's at the least to make it worth while.
Would disagree with the not viable bit, especially with money in the bank effectively deflating in real terms.

I dabble in the 100s rather than 1000s because:
a/ I'd rather lose hundreds than thousands
particularly as b/ i consistently have a bad track record with shares.

Being 15 minutes behind what's really happening on the markets you really are doomed to failure as a speculative day trader. But that's part of the attraction almost!
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      08-24-2011, 12:55 PM   #19
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Quote:
Originally Posted by rogerxp View Post
#1 - photo of cocktail/beer with bikini babe in the background



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      08-24-2011, 12:59 PM   #20
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Is that a cashew nut in your apple juice?
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      08-24-2011, 12:59 PM   #21
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Quote:
Originally Posted by themetz View Post
Would disagree with the not viable bit, especially with money in the bank effectively deflating in real terms.

I dabble in the 100s rather than 1000s because:
a/ I'd rather lose hundreds than thousands
particularly as b/ i consistently have a bad track record with shares.

Being 15 minutes behind what's really happening on the markets you really are doomed to failure as a speculative day trader. But that's part of the attraction almost!
Each to their own of course, and I also hate to loose money! I would say if you are building a portfolio for long term then 100s is great, but day trading with that amount simply is not worth it in my book.

Why are you 15 minutes behind on the markets? I have real time share price info on two apps on my iPhone (free) and more than that on my laptop. Shareprice and IG Index both have free apps.
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      08-24-2011, 01:09 PM   #22
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Quote:
Originally Posted by themetz View Post


Is that a cashew nut in your apple juice?
It's San Miguel i will have you know!!!
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