Stocks

dee · Jul 13, 2020

Just as a random thought.... I think we're due another big crash very very soon. Earnings results start to come out this month and previous were as pandemic was new. In the US , cases are spiking through the roof (as lots are being muppets ) S&P and NASDAQ have continued to recover consistently for no real reason. Be careful if anyone is up to the top of their waders.

JMI · Jul 13, 2020

I only buy physical Gold at the moment. Everytime I sell something digital (e.g. a domain etc) I buy some physical Gold and stick it in a vault with Brinks in London. One would be crazy to put anything in stocks or anything paper based at the moment, the only reasons S&P and NASDAQ have continued to recover consistently is due to the shameful QE measures introduced by our moronic governments. There is no free market any more as the govs can control and decide who gets saved, who gets some money, who goes into lockdown and there's no chance of a proper decent old school recession (obviously due to all the QE) which is a natural cycle to clear the deadwood out which was long overdue before the scamdemic hit. People are still borrowing beyond their means and I really think negative interest rates are not far off to get the hoarders to start pumping some cash. Literally my neighbour who was on furlough has just been binned today, we're only a few months away from mass credit defaults. The UK population is only about 40% overweight/obese so why worry about any of this because we can get 50% off a meal we don't need and wash it down with 10 pints of lager... maybe buying some stocks in breweries would be sensible.

Murray · Jul 13, 2020

I still think stocks are there to be played, in the short term anyway

Either way, buy/sell

Might be a good time to buy a volatility etf with a lot of big bank Q2 results coming out this week

I don't see anything wrong in putting some money in a gold/silver cdf on leverage either as long as you time it right when it's bouncing off a strong support level

Bitcoin seems ready to break out too

I don't know enough to benefit from it but I bet if you're a savvy day/swing trader you're going to make a killing off the Q2 results coming out in the next 2-3 weeks

Murray · Sep 11, 2020

Murray said:
I currently only have money in one stock: greatland gold (GGP) - they're a gold exploration company who recently found a large deposit at a site in Australia called Havieron

They're still drilling and discovering just how much gold/copper is at the site, the more they find the higher the stock price is likely to be

They're working alongside Newcrest Mining - It's currently a 70/30 profit split in Newcrests favour because they're putting up the money for the expanded drilling exploration and have a mine called Telfer nearby which can process the gold and copper. Working with Newcrest should take a lot of the risk out of it, having their knowledge and infrastructure already there to mine/process

The price of Greatland has already gone from 2p in January to 12p today based on the current drilling results, but as said above depending on future drill results (released every 6 weeks, next one due in couple weeks) and the price of gold then 12p seems a safe/low entry point with a lot of potential upside short and long term

In the short term I think it's getting ready to breakout to 14-15p with the next drill results

I've put a decent amount of money in them so fingers crossed it goes the way I'm picturing it

I know no one could invest money based off a forum post but this has gone well

My average share price is 12.14 and it's now 20.20 - I'm up about 65% in 14 weeks

newguy · Sep 12, 2020

Murray said:
I know no one could invest money based off a forum post but this has gone well

My average share price is 12.14 and it's now 20.20 - I'm up about 65% in 14 weeks

Good call! My shares have also gone up... not sure whether to let them ride or not. They're within a Lifetime ISA that i'd put 8k total into (just before and after tax year). GVC is up 31%, William Hill 114%. With the government bonus factored in and invested at the same time my 8k is now 15k+. I consider myself fortunate to have got involved when I did!

newguy · Sep 12, 2020

I also placed some money in a Vanguard index fund, and that's up 10%+ but it feels like much more hard going. With this stock market, there's the concern of what I might wake up to! I pulled my money out at one point and sod's law a rally then occurred that meant that I missed out on decent gains! I feel more comfortable with investing in specific companies really as there's the opportunity to assess how they might traverse these high seas!

Summary: I have no idea what I'm doing but it hasn't (yet) ended in disaster!

Murray · Sep 12, 2020

newguy said:
Good call! My shares have also gone up... not sure whether to let them ride or not. They're within an AJBell Lifetime ISA that i'd put 8k total into (just before and after tax year). GVC is up 31%, William Hill 114%. With the government bonus factored in and invested at the same time my 8k is now 15k+. I consider myself fortunate to have got involved when I did!

Wow you've done amazing there, seems like it should be illegal making so much money tax free, god bless isa's

I've been learning about macro stuff lately, the tightening of commercial bank loans, lower imports to the US, less dollars held in foreign banks, low oil demand etc it all points to contraction and deflation in the short term and I'm worried about another stock market crash

For that reason I've taken some profit, removes a lot of the risk whilst still having a good sum left in to run

newguy · Sep 12, 2020

Murray said:
Wow you've done amazing there, seems like it should be illegal making so much money tax free, god bless isa's

I've been learning about macro stuff lately, the tightening of commercial bank loans, lower imports to the US, less dollars held in foreign banks, low oil demand etc it all points to contraction and deflation in the short term and I'm worried about another stock market crash

For that reason I've taken some profit, removes a lot of the risk whilst still having a good sum left in to run

Yes, I've been very fortunate so far, but envy those who got involved in early March! A crazy trajectory since (see attachment!).

I share your concerns. I'm not so worried with specific shares, but do feel like it might be the right time (this time!) to think twice about the vanguard investment. Of course people say "time in the market not timing the market" which is likely right long term, but I'm not sure that I intend to leave these funds invested long term (other than the lifetime isa) anyway, so it might not be the worst time remove some of the risk. Decisions, decisions!

3gmedia · Sep 12, 2020

I thought i'd give an update on my sons new career in trading with currency pairs.

He asked me a couple of years ago what sideline he could have to put a few pennies in his pocket? I suggested he should try currency trading as i had a little success with that hobby, wind forward 2 years and his hand was forced because of redundancy through the virus affecting the business he worked for.

My son has for the last 3 months been trading in currency pairs as his main job. He's making on average £350 a week, well I say a week, he does approx half hour of work a week and generates £350 !

He has a working capital of just over £9k and only ever uses between 2 to 3.5% percent to make his profit and then reinvest most of it, so pretty much increasing his working capital weekly.

Some may think £350 a week isn't much but he has very little outgoings at this stage of his life. I'm really pleased for him and his future looks bright.

It goes to show that anyone can trade in currency pairs from anywhere in the world and have a nice income depending on the working capital and lifestyle.

newguy · Sep 12, 2020

3gmedia said:
I thought i'd give an update on my sons new career in trading with currency pairs.

He asked me a couple of years ago what sideline he could have to put a few pennies in his pocket? I suggested he should try currency trading as i had a little success with that hobby, wind forward 2 years and his hand was forced because of redundancy through the virus affecting the business he worked for.

My son has for the last 3 months been trading in currency pairs as his main job. He's making on average £350 a week, well I say a week, he does approx half hour of work a week and generates £350 !

He has a working capital of just over £9k and only ever uses between 2 to 3.5% percent to make his profit and then reinvest most of it, so pretty much increasing his working capital weekly.

Some may think £350 a week isn't much but he has very little outgoings at this stage of his life. I'm really pleased for him and his future looks bright.

It goes to show that anyone can trade in currency pairs from anywhere in the world and have a nice income depending on the working capital and lifestyle.

Impressive stuff! Isn't it funny how a little suggestion like that or just asking for a bit of advice can lead someone down such a fruitful path. Be sure to let us know how things are going for him down the line

Murray · Sep 13, 2020

3gmedia said:
Some may think £350 a week isn't much but he has very little outgoings at this stage of his life. I'm really pleased for him and his future looks brigh.

To be consistently profitable is very impressive

If he continues to have sustained success he should think about selling a tutorial/course on his methods, I would buy if for the right price

I haven't touched currency pairs yet but when gold and silver had a strong 3 weeks July/August I did some leveraged buys

I took profits way too soon and didn't let them run enough but I guess making a little money is a better way to learn than losing it

I think when the dollar decides if it's going to make a move up or down I will try and play that. I've been watching the EUR/USD for a while and I think I feel most comfortable starting with that pair

What pairs did you like to trade in the past?

3gmedia · Sep 13, 2020

well I use traded in a few pairs, £$ Australian $, yen but lost when trading on obscure pairs. The problem was I didn't know how to read the charts, you have to know your stuff. My son used to follow trading gurus at a monthly cost but they weren't consistent so my son decided to learn the craft himself. At the begining he used to chase his losses but soon learnt he was wasting his money as emotion destroys profit.

Its funny if he used 20% instead of 2% as investment he'd be making average £3,500 a week but he is steadfast on his rules.

dee · Sep 13, 2020

3gmedia said:
Its funny if he used 20% instead of 2% as investment he'd be making average £3,500 a week but he is steadfast on his rules.

thats the bit that usually take years and lots of losses to learn.

newguy · Sep 13, 2020

3gmedia said:
well I use traded in a few pairs, £$ Australian $, yen but lost when trading on obscure pairs. The problem was I didn't know how to read the charts, you have to know your stuff. My son used to follow trading gurus at a monthly cost but they weren't consistent so my son decided to learn the craft himself. At the begining he used to chase his losses but soon learnt he was wasting his money as emotion destroys profit.

Its funny if he used 20% instead of 2% as investment he'd be making average £3,500 a week but he is steadfast on his rules.

Sounds like he's got his head screwed on and with 2% instead of 20% he can no doubt weather a good few storms, even if it is a longer road to riches

.

Murray · Sep 13, 2020

3gmedia said:
Its funny if he used 20% instead of 2% as investment he'd be making average £3,500 a week but he is steadfast on his rules.

I guess stop losses are the problem making higher % trades

If you over egg it and get unlucky hitting a few stop losses in a row it could get bad quickly

3gmedia · Sep 13, 2020

Murray said:
I guess stop losses are the problem making higher % trades

If you over egg it and get unlucky hitting a few stop losses in a row it could get bad quickly

Yes, he sets his start/entry & stops/exit. He used to bottle it instead of waiting for his exit, he's learnt from that and just waits for his exit.

I went through with his trades for the period of 1st Jan 2019 to 1st Jan 2020 and he had made a net profit of 45%

Not bad compared to banks & savings

3gmedia · Sep 18, 2020

Ok, Ive just had my weekly update from my son.

So this week he decided to do two trades, he made £620 profit this week, he set up a 3rd for today but didnt place it as he decided he made his money for the week.

He said Wednesday & Thursday was a bit turbulent so didnt place any trades.

Keep you updated next week.

newguy · Sep 20, 2020

3gmedia said:
Ok, Ive just had my weekly update from my son.

So this week he decided to do two trades, he made £620 profit this week, he set up a 3rd for today but didnt place it as he decided he made his money for the week.

He said Wednesday & Thursday was a bit turbulent so didnt place any trades.

Keep you updated next week.

Happy for him and nice to read something positive. Long may his success continue

.

3gmedia · Sep 20, 2020

newguy said:
Happy for him and nice to read something positive. Long may his success continue .

I'm going to try and update once a week, I'm also going to mirror his trades. If everything goes well I'll post his opening and closing targets for currency pairs.

Grant · Sep 20, 2020

3gmedia said:
I'm going to try and update once a week, I'm also going to mirror his trades. If everything goes well I'll post his opening and closing targets for currency pairs.

Mirror him here...gets others doing the same, he can make a bit on top

https://www.etoro.com/en/popular-investor/. I don't trade currency, but my assumption would be they can't match FXCM and the likes on spreads...but if he does well and gets recurring income...who cares!