Shares? Any a bit of Help?

adewalton

Hi there friends,

Need a little help / advice with this one:

Was thinking of investing a little of money in shares?

This is a two part question?

1. Has anyone heard / used SVS Securites http://www.svssecurities.com/
They seem to be very resaonable with the commission rates and the prices are live before you click the deal button....... looks like pretty much the normal online broker to me
What do you guys think?

2. Is there any softwear / programe etc etc that will run a trailing stop loss.
What I mean is say you buy at £1.00p per share and the shares go to say £1.50p in a day then starts to drop off and ends at 85p (I know, I am just using these figures for easy).

I want to be notified and sell at say 5% or 7% off the top price of £1.50p - I would sell out at £1.35p if using 5%.
The only way I can see how to do this is to watch the stock all the time and move the stop loss up myself......there must be an easier way than this though????

Just trying to lock in the profit but allow for a little movement if having a bad day or two...... I'm sure your with me on this???

Anyone help with this?

All thoughts and comments welcome?

Thanks for now!

Ade.

Loughton_Monkey

adewalton wrote: »

All thoughts and comments welcome?

1. Sorry, can't help on SVS. Never heard of them.

2. Judging from your other posts, you are relatively new to investing and direct stock trading is both very risky, very complicated, and requires a lot of expertise to do well.

But by asking about a fairly technical issue of trailing stop losses, you seem to be saying "Thinking of buying a Jag XK. But can anyone tell me a car that has a 15:1 compression ratio?"

adewalton

hi there loughton monkey,

thanks for the reply.
i have done a little bit of investing before, not posted much on here, did post a few things but that was questions someone else wanted help with you see.

i am not going to invest lots just having a small go at it...so to say!!!

can you help with the part 2 of my post?

cepheus

I have used Sharescope to run a trailing stop loss, I think most software will do this. ADVFN run free web based software which will also allow you to set these on any share with an alert system to your Email or Mobile, see the tabs at the top of the page

Strangely enough I can't find it on ADVFNs charting system though. They have a Donchian channel which is similar, and used to work well in the past.

In practice, nowadays it rarely works, at least with the large capitalisation shares unless you are prepared to wait for the big winner with a lot of smaller losers which is psychologically difficult to do.

turbobob

Do you mean you want the software to actually put in the buy and sell orders for you? I.e. automatic trading.

adewalton

Hi Cepheus,

Thanks for the reply.

Do this cost with ADVFN?
I guess I need to register then it will allow me to do this?

Thanks again,

Ade.

adewalton

Hi Turbobob,

Well I just want an alert of some kind....it needs to track the highest price the share reaches?
Maybe a text to my mobile so i can then log onto a pc or via my phone sell the relevent share?

You got ideas?

Thanks,

Ade

Loughton_Monkey

adewalton wrote: »

can you help with the part 2 of my post?

If you go CFD route rather than actual shares, iii does trailing Stop Loss. I never use it.

Reaper

SVS is a new one on me, and the cheapest real time one so far.

If you go with them I would be interested to know what you think of them as the range of options seems comprehensive. The only odd thing missing is the option of using a S&S ISA unless I am looking in the wrong place.

adewalton

Hi,

I want to keep with the shares rather than CFD's.
I may hang on to the shares a while if they are doing ok?

I have a CFD account with CMC.

Thanks again,

Ade

cepheus

Yes just register with ADVFNs free option. There will be an SMS charge though your mobile operator.

You can set such orders with some companies, particularily the spread betters because they know it will 'stop you out' and increase trading 'costs'.

Doubt if you can do this reliably with anyone cheap such as SVS. Yes they do look cheap but remember you still pay half a percent stamp duty on any trade, that's why professionals use Contracts For Differences or other instruments to avoid this, although for long term trading it probably doesn't matter much

http://www.money.co.uk/share-dealing/online-share-dealing.htm

You can avoid stamp duty on unit trusts by the way, stuck in a time warp as far as prices are concerned but OK long term.