My first trade - Shell / BP

[HighlandTiger]

Just now, Derv said:

If people lose on the CFD's who gets the money ?

the 20%-30% of accounts that don't lose?

[Stacktastic]

3 hours ago, Derv said:

If people lose on the CFD's who gets the money ?

Good point. Other users perhaps, but probably people outside of the platform that know what they are doing. 
Not ever looked at this section or have any idea what it is?

Anyhow, it seems that they are moving away from CFD by the looks of things. 
They are looking at lending which I assume Freetrade is doing?

I would be interested to see their profits this year, assuming they have made some.
I think they suffered from over advertising, especially on YouTube! Spending more than 50% of thier income in 2019. 
They have however gained a ton of new clients this year! 

They have issues with Chinese stocks, but Freetrade apparently sold a few chinese stocks without notice some time back. 
Glad I did not buy any NIO stock now. 

Money is protected also up to £85,000 by fcs. so if they do go down then it should be OK. 

App is solid, I have only had a problem they other day when the NASDAQ sold off, but I was still able to make purchase, just not see the graphs. 
I ended up going on percentage loss. wish I had not set the stops to my buy in price as that wood have made me quite a few thousand in profit, especially as I bought Fiverr at a 28% loss. 
Oh well I still have Phziser - I should be able to extract £30-50 out of that before it goes south again as they are shipping the vaccine this week. 
 

 

Edited December 2, 2020 by Stacktastic

[HighlandTiger]

58 minutes ago, Stacktastic said:

Good point. Other users perhaps, but probably people outside of the platform that know what they are doing. 
Not ever looked at this section or have any idea what it is?

Anyhow, it seems that they are moving away from CFD by the looks of things. 
They are looking at lending which I assume Freetrade is doing?

I would be interested to see their profits this year, assuming they have made some.
I think they suffered from over advertising, especially on YouTube! Spending more than 50% of thier income in 2019. 
They have however gained a ton of new clients this year! 

They have issues with Chinese stocks, but Freetrade apparently sold a few chinese stocks without notice some time back. 
Glad I did not buy any NIO stock now. 

Money is protected also up to £85,000 by fcs. so if they do go down then it should be OK. 

App is solid, I have only had a problem they other day when the NASDAQ sold off, but I was still able to make purchase, just not see the graphs. 
I ended up going on percentage loss. wish I had not set the stops to my buy in price as that wood have made me quite a few thousand in profit, especially as I bought Fiverr at a 28% loss. 
Oh well I still have Phziser - I should be able to extract £30-50 out of that before it goes south again as they are shipping the vaccine this week. 
 

 

If they are going into lending, then I'm definitely keeping away. I was lucky to not get burned in the lending P2P disasters of the  previous years. 

[Roy]

18 minutes ago, HighlandTiger said:

I was lucky to not get burned in the lending P2P disasters of the  previous years.

Still waiting for resolution ☹️

[HighlandTiger]

1 hour ago, Roy said:

Still waiting for resolution ☹️

I've just got £100 sitting in limbo in Lendy (Saving Stream). Never going to see that again. Also have £400 stuck in Uk Diversified Property, aka Property Moose, I feel a bit more confident that I may get that back eventually.

I was lucky, there were many who lost fortunes.    

[Kman]

8 hours ago, HighlandTiger said:

No-one with even half a brain has any excuse today for not making themselves rich.  

I used to think that now I'm not so sure

some people have a natural talent for entrepreneurial and investing activities the same as some people are naturally good at maths, music etc

Maybe because you're inclined to it you're judging everyone by your own standards but it's the same as if you ask a random person to sing they're most likely going to be bad

I think most people are doomed to buy at the top sucked in by momentum and sell on the way down, but for there to be winners there have to be losers so I appreciate everyone who does that and hopefully I can avoid that pitfall myself

[Stacktastic]

7 minutes ago, Kman said:

I used to think that now I'm not so sure

some people have a natural talent for entrepreneurial and investing activities the same as some people are naturally good at maths, music etc

Maybe because you're inclined to it you're judging everyone by your own standards but it's the same as if you ask a random person to sing they're most likely going to be bad

I think most people are doomed to buy at the top sucked in by momentum and sell on the way down, but for there to be winners there have to be losers so I appreciate everyone who does that and hopefully I can avoid that pitfall myself

Its a to easier to earn a profit I think he means, compared to calling a broker & paying fees etc. 
Let alone no access for the average joe to interactive charts, youtube experts and all. 

If you combine your analytical skills with some gut and reasonable risk you would formidable in time.
Its only your first year trading.

Edited December 2, 2020 by Stacktastic

[HighlandTiger]

4 minutes ago, Stacktastic said:

Its a to easier to earn a profit I think he means, compared to calling a broker & paying fees etc. 
Let alone no access for the average joe to interactive charts, youtube experts and all. 

If you combine your analytical skills with some gut and reasonable risk you would formidable in time.
Its only your first year trading.

What he says

My point was that we now have opportunities, to make our savings work for us, that just didn't exist 20 or 30 years ago. I had so much spare cash in my 20's and 30's, I wasted it on drink, (I'd go into town by taxi, on a Friday with a couple of hundred quid in my back pocket, and wake up in the morning with a handful of shrapnel), fruit machines, and buying collectibles, (trading cards, signed memorabilia etc), I just frittered it away, because i didn't see the point of it sitting in a bank for just 4 % interest, (yeah, I know, we'd bite the hands off for that now), so I spent it as soon as I got it.

If I'd been pointed in the direction of share dealing apps, and the ability to buy PM's online then, I would easily be a millionaire by now.  I was earning more money 20 years ago than I am today, and gold prices then would have meant I could have bought Sovs, (ideal for a collecting addict like me) for under £50. But I had no idea they were a thing, or a way of making money. The info just wasn't out there. 

Kids today have no excuse in preparing for the future, It's all there in front of them, they just need to take the opportunities as they come along with both hands.

[HighlandTiger]

31 minutes ago, Kman said:

 

I think most people are doomed to buy at the top sucked in by momentum and sell on the way down, but for there to be winners there have to be losers so I appreciate everyone who does that and hopefully I can avoid that pitfall myself

That's why I have the Warren Buffet quote on the top of my excel sheet, that logs my share dealings.

 "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."

I will not try and chase my losses, (as an ex-bookie, I've  seen how that works out for people), I will hold until I can either make a profit, or the company goes bust. I aim to hold all shares for around 8-10 years minimum. I'm not interested in day trading. My heart couldn't take the stress. 

My aim is to invest £500-£800 a month, and hopefully, along with my medium sized pension pots, I should conservatively get to at least £300k in total by the time I retire in 8 years time. Although if I keep up my current monthly % increase of  3.69%, (I know this won't happen, but I can dream  ), my freetrade account on its own will have nearly £500k in it by the end of the 8 year period. (Although not sure how S&S Isas, cope with having that sort of money in it, especially with the FCA only protecting £85k). But it would be a nice problem to have though.

 

   

[HerefordBullyun]

Ive read the comments above. One thing I've learned and I'm a rookie. Is be grounded. Be prepared to take a risk but do it with balance. Emotional trading will kill you. I've caught falling knives from doing it.

Research is key. And that underpins the trade you excute. I only have minimal Holdings in a portfolio. If you have multiple holdings then you can't track them. Why? Because I target them specific. You have to go granular.

Being all over the place in all different sectors is crazy. You are a jack of all trades master of none. I am staying with metal miners. When I pull out of that. I will look at green energy. 

I spent 23 years in the military and one thing I learned is have a plan and make sure it's viable and realistic.  Again this underpins your trade.

But don't be afraid to cut your losses and exploit. 

Trading takes focus. 

I work in the corporate world now.

They have designated traders in one sector, that's for a reason.  If you are looking at multiple markets you are taking your eye off the opportunity.

If you stay in lane you will be good.

Going mad on multiple sectors is bonkers.

The quickest thing I've learned also is patience over emotions.

Lastly have a strategy and plan and stick to it - discipline is key with patience.

Edited to add look at simply wall st as they have analysts that give that granular view.

 

 

 

Edited December 2, 2020 by HerefordBullyun

[HerefordBullyun]

1 hour ago, HighlandTiger said:

That's why I have the Warren Buffet quote on the top of my excel sheet, that logs my share dealings.

 

I get your post. But and remember this buffet has 100s of marketing analysts working for him.

We are on our own. There are players on the market that will spoof and swindle you. Short selling is part of that. Over inflate a market purposely to sell you off in a long term loss. A classic example is the film the big short by selling a load of bs to another bank and then betting big on that short on the rubbish they sold them. Every sector has it. If you haven't watched the big short it's a must watch for someone whose trading as it was part and parcel of the final crash of 2008.

[Stu]

1 hour ago, HighlandTiger said:

That's why I have the Warren Buffet quote on the top of my excel sheet, that logs my share dealings.

 "Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1."

I will not try and chase my losses, (as an ex-bookie, I've  seen how that works out for people), I will hold until I can either make a profit, or the company goes bust. I aim to hold all shares for around 8-10 years minimum. I'm not interested in day trading. My heart couldn't take the stress. 

My aim is to invest £500-£800 a month, and hopefully, along with my medium sized pension pots, I should conservatively get to at least £300k in total by the time I retire in 8 years time. Although if I keep up my current monthly % increase of  3.69%, (I know this won't happen, but I can dream  ), my freetrade account on its own will have nearly £500k in it by the end of the 8 year period. (Although not sure how S&S Isas, cope with having that sort of money in it, especially with the FCA only protecting £85k). But it would be a nice problem to have though.

 

   

Hi HT

Some advice if it’s not been considered already? 
Put your savings into a SIPP instead of a dealing account or ISA. Benefits are, you get 25% automatically added to your account as tax relief. 40% if a higher earner. I look on this as my margin for error. You can also just sit this money as cash with no cost until the right opportunity comes along. Or just hold acertain % as cash as part of your asset allocation. 
Ypu can access SIPP from age 55 and take 25% tax free. You can drawdown or take an annuity if worthwhile or a combination of all.

Ive not been saving in SIPP for long but it soon adds up. Also, you take the longer term view and make more considered investments. I like the fact it’s locked in until a set year although I hope to “crystallise “ it a few years later than the earliest opportunity. 
Put a reasonable amount into bonds a and tracker funds with very low dealing and ongoing costs. Moneyvator website is excellent in this regard https://monevator.com/category/investing/passive-investing-investing/

[HerefordBullyun]

6 minutes ago, Stu said:

Hi HT

Some advice if it’s not been considered already? 
Put your savings into a SIPP instead of a dealing account or ISA. Benefits are, you get 25% automatically added to your account as tax relief. 40% if a higher earner. I look on this as my margin for error. You can also just sit this money as cash with no cost until the right opportunity comes along. Or just hold acertain % as cash as part of your asset allocation. 
Ypu can access SIPP from age 55 and take 25% tax free. You can drawdown or take an annuity if worthwhile or a combination of all.

Ive not been saving in SIPP for long but it soon adds up. Also, you take the longer term view and make more considered investments. I like the fact it’s locked in until a set year although I hope to “crystallise “ it a few years later than the earliest opportunity. 
Put a reasonable amount into bonds a and tracker funds with very low dealing and ongoing costs. Moneyvator website is excellent in this regard https://monevator.com/category/investing/passive-investing-investing/

Freetrade is also offering a SIPP soon @HighlandTiger✔️

[HerefordBullyun]

9 hours ago, Stacktastic said:

Good point. Other users perhaps, but probably people outside of the platform that know what they are doing. 
Not ever looked at this section or have any idea what it is?

Anyhow, it seems that they are moving away from CFD by the looks of things. 
They are looking at lending which I assume Freetrade is doing?

I would be interested to see their profits this year, assuming they have made some.
I think they suffered from over advertising, especially on YouTube! Spending more than 50% of thier income in 2019. 
They have however gained a ton of new clients this year! 

They have issues with Chinese stocks, but Freetrade apparently sold a few chinese stocks without notice some time back. 
Glad I did not buy any NIO stock now. 

Money is protected also up to £85,000 by fcs. so if they do go down then it should be OK. 

App is solid, I have only had a problem they other day when the NASDAQ sold off, but I was still able to make purchase, just not see the graphs. 
I ended up going on percentage loss. wish I had not set the stops to my buy in price as that wood have made me quite a few thousand in profit, especially as I bought Fiverr at a 28% loss. 
Oh well I still have Phziser - I should be able to extract £30-50 out of that before it goes south again as they are shipping the vaccine this week. 
 

 

Also I believe you can use leverage on trades with 212 which can lose you lots of money. It can be a very dangerous game. 

[HighlandTiger]

10 hours ago, Stu said:

Hi HT

Some advice if it’s not been considered already? 
Put your savings into a SIPP instead of a dealing account or ISA. Benefits are, you get 25% automatically added to your account as tax relief. 40% if a higher earner. I look on this as my margin for error. You can also just sit this money as cash with no cost until the right opportunity comes along. Or just hold acertain % as cash as part of your asset allocation. 
Ypu can access SIPP from age 55 and take 25% tax free. You can drawdown or take an annuity if worthwhile or a combination of all.

Ive not been saving in SIPP for long but it soon adds up. Also, you take the longer term view and make more considered investments. I like the fact it’s locked in until a set year although I hope to “crystallise “ it a few years later than the earliest opportunity. 
Put a reasonable amount into bonds a and tracker funds with very low dealing and ongoing costs. Moneyvator website is excellent in this regard https://monevator.com/category/investing/passive-investing-investing/

I have looked into having a SIPP. I already have a company pension, so I'm already benefiting  from "free money". And although I can have both, a company pension and a SIPP. I decided to currently go with a S&S ISA. I look at it this way. With a S&S ISA, you don't pay any tax on any profits, but with a SIPP although you get an extra 20% on the money you put in, you pay 20% 75% of your profits.

I think of it as similar to going into a bookies a few years back when you had to choose do I pay tax on the stake or on the winnings.

With a SIPP, if I put £10k into it, I immediately get an extra £1250, if I increase the pot 10 fold, that will be  £112,500. If I withdraw it I get 25% tax free  which is £28,125, leaving  £84,375 which is taxed, I cant take it out in one hit as I'll end up paying a higher tax rate. So I'd have to stagger it, but even at 20% tax that would mean a tax bill of  £16,875. So from my £112,500 pot, I will receive back £95,625.

With a S&S ISA, if I put in £10k, and if I increase the pot 10 fold, I get £100,000. I can take this out at any time, without any tax bill. 

The government, is either taxing your savings at source, (the S&S ISA, by not giving you tax relief), or taxing you on your "winnings" (the SIPP) 

 

[Stacktastic]

 

13 hours ago, HerefordBullyun said:

Going mad on multiple sectors is bonkers.

This is the biggest thing I have learnt this year, you just cant keep on top of it all, especially in different markets (ie Nasdaq VS S&P). 
Im gonna stick to mining, energy & commodities I think, but go in on safer plays if the markets take a tumble (Scottish Mortgage for example) - they can then do the hard work for me. 

1 hour ago, HighlandTiger said:

With a S&S ISA, if I put in £10k, and if I increase the pot 10 fold, I get £100,000. I can take this out at any time, without any tax bill. 

Is it not capped at £20k pa. 

Edited December 3, 2020 by Stacktastic

[Kman]

21 minutes ago, Stacktastic said:

Is it not capped at £20k pa. 

I hope I'm right in saying it's you can put up to £20k into the isa p/a but you  don't pay any tax on money made

 

 

[HerefordBullyun]

7 minutes ago, Kman said:

I hope I'm right in saying it's you can put up to £20k into the isa p/a but you  don't pay any tax on money made

 

 

Yes that's correct you can fund 20k per tax year and any profit margin from that year is not taxable

[HighlandTiger]

1 hour ago, Stacktastic said:

 

 

Is it not capped at £20k pa. 

Yes, but I was using the figures of £10k as an mathematical example

[Kman]

Don't you guys find it interesting the S&P500 got to record highs on the first volume highlighted, then this massive volume since September has only gotten it a few % higher

Who is selling and who is buying

[HighlandTiger]

9 minutes ago, Kman said:

Don't you guys find it interesting the S&P500 got to record highs on the first volume highlighted, then this massive volume since September has only gotten it a few % higher

Who is selling and who is buying

It's all the silver forum members that are newly into share dealing. 😂

[Kman]

 

 

[HerefordBullyun]

I've had a nod from a good friend that uranium is now looking good it's starting to perform well. I may have to start opening another account as freetrade isn't listing any except yellow cake. 

 

Platinum miners also I am strongly looking at its the best performing metal this week.

[HerefordBullyun]

Also Rick rule mentions platinum and uranium in the weekly wrap up in the sprotts podcast.

https://open.spotify.com/episode/253s4DsLusgxD56fg4I76A?si=pehM4TOUQsmf8lCLm70NDA

[HGr]

1 hour ago, HerefordBullyun said:

I've had a nod from a good friend that uranium is now looking good it's starting to perform well. I may have to start opening another account as freetrade isn't listing any except yellow cake. 

 

Platinum miners also I am strongly looking at its the best performing metal this week.

Kazatomprom, Yellow Cake, NexGen and UEC are all on 212 (and in my watch list). 

Do you have any platinum miner reccomedations?