share trading question
#31
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I do a bit of playing with AIM stocks, amounts are £1k to £2.5k. Biggest success to date was 350% rise over a couple of months (MMD). I've also managed a number of 100+% gains. Most stocks I purchase are under 5.0p - many are around 1.0p.
Most of my research is done on ADVFN and I've learnt a lot about trading from the BB since starting. Like I say, it's not serious stuff but learning and gaining confidence all the time.
Most of my research is done on ADVFN and I've learnt a lot about trading from the BB since starting. Like I say, it's not serious stuff but learning and gaining confidence all the time.
#32
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Originally Posted by ProperCharlie
if i don't make any profit, i will either learn why not or give up. as you say, i am mainly looking at it as a learning experience at the moment.
However investing in a stock and keeping an eye on it on the net/ceefax etc may bring you a profit, albeit after charges a small one on £1000 stake.
Originally Posted by ProperCharlie
I am bored with my current line of work and am looking around as to what else i might be able to do. buying premium bonds is going to achieve f*ck all for me: no learning about anything, no excitement, no great likelihood of making much money either. even if i only achieve one of the first two objectives - that's better than nothing. i've got index tracking ISAs for my "safe" bet.
Share dealing is certainly exciting but it is also soul destroying at times and like anything it has had it's fair share of "get rich easy" press which is dangerous information.
Sure, it's easy to pick up the phone to buy and sell stock but that's where it ends.
Before you commit, start watching a small number of stocks only, their opening and closing price daily. You may be interested in intraday prices too although that's traders territory for now.
You'll also notice that a Stocks price year on year could well show very little change but had that same stock been "traded" several times a year you could have potentially made a healthy profit.
This can be said for daily price movements too, but as said requires serious commitment and data.
Give it a whirl and good luck.
#33
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thanks for all the input. So far I have £1,500 virtually invested in 3 different companies. I have virtually spent £37.50 on commission and £7.50 on stamp. The only stock that I bought yesterday closed today at the same offer price, so all i have lost so far is the spread, the commission and the stamp duty. :-/
i'll keep you posted.
i'll keep you posted.
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