risky buying / betting

catoutthebag

atush wrote: »

The best way to make money on t he markets is to buy and hold long term. Drip feeding money in from income (instead of spending it).

Invest in collective funds that give a return which you reinvest.

I do that anyway. But it's not what I'm asking. I want to risk a few hundred for the potential quick returns several times over in a high risk gamble.

ColdIron

catoutthebag wrote: »

I want to risk a few hundred for the potential quick returns several times over in a high risk gamble.

Slot machines, should last longer than a few red or black punts

grey_gym_sock

Pincher wrote: »

So, you can pay say £15,000 a year for real time news and prices, to Reuters, Bloomberg, etc. and it will give you an edge over the people who don't.

and if you're not investing enough capital to make it worthwhile paying that much (i'd think you'd might need a few x £10m - and even then, it might not be worth it: it depends what you'd do with the info), this is a reason to trade as infrequently as possible.

because every time you trade, there's a risk that the other party (the buyer if you're selling; the seller if you're buying) has better info than you. and then even if everybody had reuters terminals, the other party might have some kind of inside info (which might or might not be info which it's legal to trade on).

so i'd always assume a bit is being skimmed off, in addition to the known costs of trading, when you buy or sell. the longer your holding periods, the less you can lose in this way.

Pincher

grey_gym_sock wrote: »

and if you're not investing enough capital to make it worthwhile paying that much (i'd think you'd might need a few x £10m - and even then, it might not be worth it: it depends what you'd do with the info), this is a reason to trade as infrequently as possible.

RTs are not really for day traders. For the professionals, it's a tax deductible business expense, so it's not as extortionate as it sounds. Fuji Bank would have a whole floor of traders, with a dozen RTs easily.


"Analytics" is not real time, but they also purport to brief you and provide you with something other people don't know.


I'm just saying there are people selling you "an edge", if you want to pay.

What people really want is a free gossip that somehow makes them a fortune. One in a hundred probably does, but which one.

Kendall80

Personally, I tried AIM - and lost. I tried IG - and lost. Both times I thought my research to be more than sufficient. If I hadn't made those mistakes this calendar year my total portfolio would be significantly above where it is currently (by roughly 6k). While market conditions arent exactly favourable right now I still see the biggest threat to my total wealth as being me! Of course i've made some good calls too but lets not dwell on the positive!

Flobberchops

Pincher wrote: »

The reason that some people get 15 minute delayed prices is because they are cheapskates who won't pay for real time. Reuters actually has a computer putting them in a queue, so they only get sent to the cheapskates when the time is up.

Flipping heck, is that actually the reason stock charts have "prices delayed by at least 15 minutes" disclaimers on them?

Broken_Biscuits

Im not allowed to buy myself anything this close to Xmas in case I ruin Santa's plan and double up .

I'm looking to buy the book, super forecasting by Philip tetlock. It may be of interest to the opening post

puk999

Kendall80 wrote: »

Personally, I tried AIM - and lost. I tried IG - and lost. Both times I thought my research to be more than sufficient. If I hadn't made those mistakes this calendar year my total portfolio would be significantly above where it is currently (by roughly 6k). While market conditions arent exactly favourable right now I still see the biggest threat to my total wealth as being me! Of course i've made some good calls too but lets not dwell on the positive!

I lost my way a bit this year. I pulled a bit of money out of my global equity tracker on the rationale that the bull market is probably going to come to an end and I can repurchase after a big drop (or series of drops). Mistake number 1: trying to time the market.

With the cash sitting there earning 0% in the SIPP cash account, I started to wonder about the FTSE constituents and was surprised at their volatility. What I noticed by looking at the heat map sorted by % change was that on one day a company would shed double digit percentages and then the next day it would be one of the leaders. I took the leap and bought £9,000 of shares and sold them the next day, profiting £270.

I wasn't going to repeat this, but kept checking the heap map and then purchased £15,000 worth of shares in a company that had fallen by 16%. I'm currently £4,000 down. I've received an expensive lesson to not buy individual shares that you haven't thoroughly researched, or don't really believe in. I've never been into gambling. This is probably the closest I'll get.

Back to timing the market, I am currently cash heavy in my SIPP due to a transfer-in which I wanted to do not in-specie. I am still thinking of waiting for drops before buying back into global equities, so not sure I've learnt from mistake #1. And with regards to individual shares, Tesco are the lowest they've been for many many years. I've been thinking about getting some and holding long term. They've got to pull it around somehow, haven't they? I suppose there's a possibility they won't, so maybe I should ignore the "opportunity".

snowqueen555

puk999 wrote: »

Tesco are the lowest they've been for many many years. I've been thinking about getting some and holding long term. They've got to pull it around somehow, haven't they? I suppose there's a possibility they won't, so maybe I should ignore the "opportunity".

You can't invest large sums based on analysis like that

Pincher

Flobberchops wrote: »

Flipping heck, is that actually the reason stock charts have "prices delayed by at least 15 minutes" disclaimers on them?

Reuters spends a lot of money to set up real time feeds, including little exchanges like Lima with backup systems up to their nose, to ensure continuity of service.


If Yahoo gives it away for free in real time, who is going to pay for an RT?