So excited about first trade!!!

Wobblydeb

Well, I have set up my first shares purchase using iii's portfolio builder. The shares are due to be bought tomorrow and I cannot wait to see it all go through and become an investor!!

The share price has held fairly static, and I'm only starting with £300, so the portfolio builder was the best option. I think the trade is free - there is £0.00 in the commission column and they have started advertising nil commission since I opened my ISA account.... happy days :rotfl:

p.s. Yes, I've done my own research, and like what I'm going to buy

halight

Well done mate really pleased for ya.
What shares you buying?

Wobblydeb

Can I tell you after they are bought? I would hate everyone to agree with me, buy shares, and push the price up before I buy them tomorrow!

ses6jwg

If its a FTSE share, I doubt it would make much difference.

Good luck to you, I started back in May, total exposure 6k directly into companies and £3,600 into funds ISA for long term.

I have made about £3,000 profit on the 6k thus far, and £1,800 of it has been banked as cash.

My ISA funds account is split between 3 funds and is showing 10% profit but I've held that only around 2 months.

Some early mistakes which I made for you to avoid:

1) Dont buy shares with market caps of less than 15 million especially when they are tipped as the market makers manipulate them to hell.

2) Do your own research dont go on the advice of bulletin boards.

3) Dont sell your shares just becase you get bored of them as they dont appear to be doing much - if you believe in the company and its long term prospects just keep hold of them

4) Similar to the above, dont overtrade.

5) You might find that shares bought through portfolio bulder take a few days to show up in your account - depending on how actively that share is traded. e.g. I bought some UMECO shares through it and because of the low volumes it took 4 days to show up in my account.

6) Dont buy shares just because theyve gone down a lot - UNLESS YOU SEE a VERY GOOD reason for them to go back up such as management efforts, selling assets etc.

e.g. I bought Syndicate Asset Management, Braemore Resources and Rheochem - and lost money.

BUT

I bought Uniq, Workspace Group, and Gulf Keystone, and did well.

So make sure you find a reason for every share you buy - being tipped or "having gone down a lot from a historic high" are not good enough reasons.

Wobblydeb

ses6jwg wrote: »

Some early mistakes which I made for you to avoid:

1) Dont buy shares with market caps of less than 15 million especially when they are tipped as the market makers manipulate them to hell.
2) Do your own research dont go on the advice of bulletin boards.
3) Dont sell your shares just becase you get bored of them as they dont appear to be doing much - if you believe in the company and its long term prospects just keep hold of them
4) Similar to the above, dont overtrade.
5) You might find that shares bought through portfolio bulder take a few days to show up in your account - depending on how actively that share is traded. e.g. I bought some UMECO shares through it and because of the low volumes it took 4 days to show up in my account.
6) Dont buy shares just because theyve gone down a lot - UNLESS YOU SEE a VERY GOOD reason for them to go back up such as management efforts, selling assets etc.

That's great advice - thanks ses6jwg

1) Market cap is >£50m and I didn't see it tipped. I was using a tool which finds companies with whatever characteristics you ask for. e.g. High EPS and low P/E
2) Research looks good. Not a company that is likely to experience high organic growth, but has a strong balance sheet, looks undervalued and a potential acquisition target.
3) That's going to be the tough one! I reckon sell next spring when the next set of accounts are released, if it hasn't been taken over before then.
4) Got ya! No overtrading.
5) Thanks for letting me know - I would probably have panicked. Do you know the trade has gone through because your cash vanishes? And did you have to wait the 4 days to confirm the price paid?
6) These shares (like virtually everything else in the last few months) are on an upward trend, which is making it harder to pick out those that are growing for genuine reasons. :cool:

ses6jwg

Wobblydeb wrote: »

That's great advice - thanks ses6jwg

1) Market cap is >£50m and I didn't see it tipped. I was using a tool which finds companies with whatever characteristics you ask for. e.g. High EPS and low P/E
2) Research looks good. Not a company that is likely to experience high organic growth, but has a strong balance sheet, looks undervalued and a potential acquisition target.
3) That's going to be the tough one! I reckon sell next spring when the next set of accounts are released, if it hasn't been taken over before then.
4) Got ya! No overtrading.
5) Thanks for letting me know - I would probably have panicked. Do you know the trade has gone through because your cash vanishes? And did you have to wait the 4 days to confirm the price paid?
6) These shares (like virtually everything else in the last few months) are on an upward trend, which is making it harder to pick out those that are growing for genuine reasons. :cool:

They will take the money, then they will appear between 2 hours and 4 days later, depending on the stock.

The price you get is a bit of a lottery, though if its FTSE shares, not AIM, they usually dont have very large intraday swings. So it will go through probably close to the closing price on the "order" day i.e. the day your cash goes out.

halight

Wobblydeb wrote: »

Can I tell you after they are bought? I would hate everyone to agree with me, buy shares, and push the price up before I buy them tomorrow!

Yes mate,
Let us know what you have bought them:rolleyes:

halight

All the best for today mate,
I hope that your trade works out well for you

isayhello

Hiya, well done on your first trade. I've thought about it a few times but just not really gone for it. Would you recommend any particular books or sites that you read which helped you understand the whole shares thing better? I've found a few sites but often found they go straight into the jargon pretty quick.

Also would you recommend iii as people to deal through?

Good luck with your shares

jimmyss1

isayhello wrote: »

Would you recommend any particular books or sites that you read which helped you understand the whole shares thing better? I've found a few sites but often found they go straight into the jargon pretty quick.

Try 'The Naked Trader' book. It's generally a jargon free book, and is a good book if you're just starting.

silentscream999

ses6jwg wrote: »

I bought Uniq, Workspace Group, and Gulf Keystone, and did well.

So make sure you find a reason for every share you buy - being tipped or "having gone down a lot from a historic high" are not good enough reasons.

Hope you're one of the lucky ones who made a fortune through GKP. I know many bought in around 10-15p and although many sold at around 80, currently its at around a pound!

Nice one