Newbie thinking about getting into shares.

cheerfulcat

Pocketsaver wrote: »

I decided to dive into shares (went with SVS). However, there was one thing I had no preparation for that wiped £700 from my balance - Day traders. I researched a company (VAL) I liked and was happy at their potential and what they had so far achieved. What I didn't gamble on was the existence of day traders (what a horrible lot). It seemed I had put my money into this company at a time when their buying had pushed the share price to its peak, and when I went in, they began selling! Needless to say, I was devastated at my loss in a little less than an hour ( I expected the sp to drop a little to consolidate, but nothing like this). I took my money out of the company and have now put it into another company I think has a lot of potential - CDC.
I now use iii's bb to see whether there are day traders. Shareprice is now closely followed to see if there has been a boom (to indicate an inevitable drop following it).

I hope others learn from this.


Also, for fellow SVS clients - I asked them via email whether or not they were going to going to open a S&S ISA, and their answer was that there would be one available in the very near future!

I posted this the other day, on another thread here.

I'd suggest avoiding AIM shares in future.

Pocketsaver

I like the look of aviva, but they've risen so much recently that I fear another price drop. Or am I just getting paranoid from VAL?