20i Domains

Stocks

Discussion in 'General Board' started by Murray, Mar 26, 2020.

  1. dee

    dee Well-Known Member Acorn Supporter

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    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.
     
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  2. Domain Forum

    Acorn Domains Elite Member

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    articles.co.uk
     
  3. JMI

    JMI Active Member Acorn Supporter

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    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.
     
  4. Murray

    Murray Well-Known Member

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    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
     
  5. Murray

    Murray Well-Known Member

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    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
     
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  6. newguy United Kingdom

    newguy Well-Known Member

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    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!
     
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    Last edited: Sep 12, 2020
  7. newguy United Kingdom

    newguy Well-Known Member

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    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!
     
  8. Murray

    Murray Well-Known Member

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    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
     
  9. newguy United Kingdom

    newguy Well-Known Member

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    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!
     

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  10. 3gmedia United Kingdom

    3gmedia Active Member Exclusive Member

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    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.
     
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  11. newguy United Kingdom

    newguy Well-Known Member

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    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 :)
     
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  12. Murray

    Murray Well-Known Member

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    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?
     
  13. 3gmedia United Kingdom

    3gmedia Active Member Exclusive Member

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    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. :cool:
     
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  14. dee

    dee Well-Known Member Acorn Supporter

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    thats the bit that usually take years and lots of losses to learn.
     
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  15. newguy United Kingdom

    newguy Well-Known Member

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    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 :).
     
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  16. Murray

    Murray Well-Known Member

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    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
     
  17. 3gmedia United Kingdom

    3gmedia Active Member Exclusive Member

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    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
     
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  18. 3gmedia United Kingdom

    3gmedia Active Member Exclusive Member

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    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.:cool:
     
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  19. newguy United Kingdom

    newguy Well-Known Member

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    Happy for him and nice to read something positive. Long may his success continue :).
     
  20. 3gmedia United Kingdom

    3gmedia Active Member Exclusive Member

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    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. :rolleyes:
     
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  21. Grant

    Grant Active Member

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    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!
     
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