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      08-24-2011, 01:11 PM   #23
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No bikini but acceptable for these purposes!! What's next?? Are these guys still talking about shares
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      08-24-2011, 01:14 PM   #24
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      08-24-2011, 01:57 PM   #25
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      08-24-2011, 03:47 PM   #26
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I would prefer the long-term approach to dealing in shares. Personally I favour companies that I actually have an interest in, especially those I actually like and use their products. I do have some interests in odd companies but they are not randomly selected but from knowing someone who works there (therefore an indirect interest).
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      08-24-2011, 09:47 PM   #27
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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.
And it only takes a 2% drop to see a 1000 loss!!!!!
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      08-25-2011, 04:05 AM   #28
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Quote:
Originally Posted by kaishang View Post
And it only takes a 2% drop to see a 1000 loss!!!!!
So you hold for another day or two.

I have well over 50k tied up in Lloy at the moment. I didnt have a crystal ball, so didnt know the markets were going to crash, so unfortunately I have to hold these shares untill they reach 50p. But this hasnt stopped me day trading. I bought 5k RBS yesterday at 20p and sold this morning at 23.5p. Thats over 750 profit over night!!! Will buy Barc this afternoon now the banks are on the up.
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      08-25-2011, 04:18 AM   #29
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Quote:
Originally Posted by Nick999 View Post
So you hold for another day or two.

I have well over 50k tied up in Lloy at the moment. I didnt have a crystal ball, so didnt know the markets were going to crash, so unfortunately I have to hold these shares untill they reach 50p. But this hasnt stopped me day trading. I bought 5k RBS yesterday at 20p and sold this morning at 23.5p. Thats over 750 profit over night!!! Will buy Barc this afternoon now the banks are on the up.
There is a risk that the markets will settle at a new equilibrium about 10% lower than they are now. You will then be holding on to the shares for a lot longer than a day or two.

As they say, a share portfolio is a day trade gone wrong.
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      08-25-2011, 04:27 AM   #30
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Quote:
Originally Posted by kaishang View Post
There is a risk that the markets will settle at a new equilibrium about 10% lower than they are now. You will then be holding on to the shares for a lot longer than a day or two.

As they say, a share portfolio is a day trade gone wrong.
I do ok out of share dealing. Certainly paid for my 335i cash. Plus my last brand new MG ZT190, plus my daughters and Missus cars. Have been share dealing sinse 1988, and day trading sinse 2008. Have never lost any money yet, but I guess there is a first time for any thing!!
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      08-25-2011, 05:46 AM   #31
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Paul, just invests all your loot with me, I'll triple it in a matter of weeks .

caveat - this statement is purely for illustrative purposes and is therefore not guaranteed in any way
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      08-25-2011, 05:49 AM   #32
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Quote:
Originally Posted by Nick999 View Post
I do ok out of share dealing. Certainly paid for my 335i cash. Plus my last brand new MG ZT190, plus my daughters and Missus cars. Have been share dealing sinse 1988, and day trading sinse 2008. Have never lost any money yet, but I guess there is a first time for any thing!!
That is my share trading goal. There has to be a decent element of luck to day share trading though, buying on the lows is not easy in real time, neither is predicting market movement. I have a decent pot of money that I trade with and for example, I bought BP this morning at 397 thinking it was bottoming out, and have just watched it fall to 391. What's the betting I still have it in a weeks time! Likewise Aviva, I bought during last weeks turmoil, thinking it was good value. I bought at 355 and it is now sitting happily around 318-330 for the last few days.

As has been said, it would appear that my kind of day trading results in a share portfolio

Admiral Group announced impressive profits yesterday, the uninitiated would thing it must go up in value, it fell by nearly 10% - no logic at all!

So care to tell us what Companies you make your money on? and what ground rules you stick to?
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      08-25-2011, 05:54 AM   #33
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Quote:
Originally Posted by Nick999 View Post
I do ok out of share dealing. Certainly paid for my 335i cash. Plus my last brand new MG ZT190, plus my daughters and Missus cars. Have been share dealing sinse 1988, and day trading sinse 2008. Have never lost any money yet, but I guess there is a first time for any thing!!
You must be the only person in the UK never to lose money on the stockmarket. If I was that good I would be driving something a lot better than a BMW.
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      08-25-2011, 06:06 AM   #34
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Originally Posted by peterg1965 View Post

So care to tell us what Companies you make your money on? and what ground rules you stick to?
I just use simple logic. I watch the markets every day. Buy when prices drop below average! BP was an excellent example after the Gulf of Mexico spill.. I bought in at around 230 then sold a couple of months later at 430, Same with Banks after the Banking crisis 2008. I doubled my money several times with Lloy and RBS. Also made good profit with Barc, Mec, Tric, SOLG.

The last couple of weeks I have bought around 30,000 Lloy shares at 30p, but I have quite a large holding at the moment, so has only brought my Lloy average down to around 50p. I have my car for sale, so hopfully I will put another 20k into Lloy to bring my average down even more, and see a nice return in the new year. Certainly enough to order a new replacement 335i
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      08-25-2011, 06:14 AM   #35
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Originally Posted by JLR1969 View Post
You must be the only person in the UK never to lose money on the stockmarket. If I was that good I would be driving something a lot better than a BMW.
When I bought my 335i last September, I looked at several AM Vantage and DB9 models, plus a couple of 997 Carrera S. But I just couldnt bring my self round to spending 45-60K on a car.. Had a deal on an Alpine white 59 plate 335i M Sport Coupe at 28.5K cash with a private seller in Manchester, but that fell through because BMW put the delivery date back for his new X5. So I was very happy to pick up my Sapphire Black 335i with 5000 less miles, plus it is AUC for just 24k.. I felt a lot happier spending under 30k on a car.. Must be my working class upbringing.. But I will probably order a new 335i next year or even go for a DB9.. See how much more money I can make off the back of the latest crash!!
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      08-25-2011, 06:22 AM   #36
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Quote:
Originally Posted by Nick999 View Post
I just use simple logic. I watch the markets every day. Buy when prices drop below average! BP was an excellent example after the Gulf of Mexico spill.. I bought in at around 230 then sold a couple of months later at 430, Same with Banks after the Banking crisis 2008.
Fair enough and good luck to you. Small point, but the lowest BP got to after the GoM spill was 296

Last edited by peterg1965; 08-25-2011 at 06:37 AM.
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      08-25-2011, 06:24 AM   #37
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I'm pretty sure Admiral dropped because they gave 1500 worth of shares to every staff member. The expected influx of people cashing those in will have reduced the value. They will rise.

Nick999. Have you seriously never been stuck with a single stock that hasn't risen as expected? Sounds like you are doing really well, even the best traders make losses sometimes, the game is all about making sure the wins outweigh the losses.
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      08-25-2011, 06:40 AM   #38
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[quote=peterg1965;10294683]
Quote:
Originally Posted by Nick999 View Post
I just use simple logic. I watch the markets every day. Buy when prices drop below average! BP was an excellent example after the Gulf of Mexico spill.. I bought in at around 230 then sold a couple of months later at 430, Same with Banks after the Banking crisis 2008. QUOTE]

Fair enough and good luck to you. Small point, but the lowest BP got to after the GoM spill was 296
I knew it was 200 somthing. And 400 somthing I sold for. I know it was a nice earner, still some money to be made with BP!!

Quote:
Originally Posted by mowflow View Post

Nick999. Have you seriously never been stuck with a single stock that hasn't risen as expected? Sounds like you are doing really well, even the best traders make losses sometimes, the game is all about making sure the wins outweigh the losses.
YES.. I sold Barc back in March for a nice profit at 330 off the back of their end of year results. Lloy results were due 10 days later. Bought in at 68p thinking I would get another good result off the back of their expected good results.. But the world economy was about to go into frree fall.. Been averaging down Lloy for five months, but they still stand me at 50p.. Wont lose money though because I will average down some more, and wont sell untill they are above what I paid!!
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      08-25-2011, 06:56 AM   #39
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Nick, with your success at day trading haven't you tried spread betting? Much better leverage and no dealing fees, stamp duty or tax to be paid?
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      08-25-2011, 07:17 AM   #40
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Originally Posted by peterg1965 View Post
Nick, with your success at day trading haven't you tried spread betting? Much better leverage and no dealing fees, stamp duty or tax to be paid?
No I havent 'yet' Have been tempted to give it a try with a small amount!

Share dealing has only been a hobby to me, untill recently when I started to make some serious money.

I am a contactor (IT, EPoS) I have taken the Summer off between four and six months for the last five or six years, but have found I can make more money sat with my lap top day trading than working. I turned down a 48 week contract this mornig!!
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      08-26-2011, 05:04 AM   #41
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Quote:
Originally Posted by Nick999 View Post
Have been share dealing sinse 1988, and day trading sinse 2008. Have never lost any money yet, but I guess there is a first time for any thing!!
You can't tell me you have made all this money out of share trading and never sold anything for less than you bought it for in the last 23 years......
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      08-26-2011, 05:16 AM   #42
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Originally Posted by kaishang View Post
You can't tell me you have made all this money out of share trading and never sold anything for less than you bought it for in the last 23 years......
I have.. First trade back in 1988 was Stanley Lesiure.. Bought for 1000 and sold a year later for 4000.

Untill about three years ago I only dealt with cerificated shares. Only small amounts under 5k.

When the banks crashed back in 2008 I took a chance putting my savings into Lloy and RBS. Doubled these up several times. Have also taken a couple of chances on penny shares seeing three and four fold profit. Havent lost any money yet. Have been about 80k up the last couple of years.
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      08-26-2011, 06:23 AM   #43
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Quote:
Originally Posted by Nick999 View Post
I have.. First trade back in 1988 was Stanley Lesiure.. Bought for 1000 and sold a year later for 4000.

Untill about three years ago I only dealt with cerificated shares. Only small amounts under 5k.

When the banks crashed back in 2008 I took a chance putting my savings into Lloy and RBS. Doubled these up several times. Have also taken a couple of chances on penny shares seeing three and four fold profit. Havent lost any money yet. Have been about 80k up the last couple of years.
Sounds too good to be true.
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      08-26-2011, 06:33 AM   #44
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The guy (Nick999) has an obvious talent for this or is just plain lucky, but if what he says is true then luck doesn't last that long so good on you.

I dabbled a few years ago, backed an east European coffee chain (bit like starbucks) made a few hundred quid but never went back for more.....maybe I should have done!
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