Making big and quick money on stocks and shares.

Startup1985

Hey everyone :j

I just wondered if anyone here uses the strategy of holding shares for really short periods of time until a profit is made then sells up and moved onto the next one?

I started last week with a small pot that I am not to afraid to lose with the hope of building it up as quick as possible.

I know your supposed to invest in shares for the long game with the aim of 10 years quite adequate but I want something more hands on and well... Exciting I guess?

I am now spending all my spare time ( while she watches the soaps) researching and reading up on the markets and individual companies and sectors looking for anything that may be promising.

So basically I was just wondering if anyone else does this and have they had any luck or is it just a waste of time and resources?

So far I am up £120 from a starting pot of £1300 in a week, hopefully this will continue.

Thanks in advance for any comments

brendon

There's nothing wrong with setting aside a bit of cash to play around with, but don't think of it as investing. It is a form of gambling. Nothing wrong with gambling, but it can often lead to gambling addition for many people (and, yes, this stock buying behaviour is recognized as problem gambling).

As long as this isn't part of your savings and investments, it is fine. But don't throw good money after bad.

Thrugelmir

Startup1985 wrote: »

I just wondered if anyone here uses the strategy of holding shares for really short periods of time until a profit is made then sells up and moved onto the next one?

What's plan B if the share price falls rather than rises.

Startup1985

brendon wrote: »

There's nothing wrong with setting aside a bit of cash to play around with, but don't think of it as investing. It is a form of gambling. Nothing wrong with gambling, but it can often lead to gambling addition for many people (and, yes, this stock buying behaviour is recognized as problem gambling).

As long as this isn't part of your savings and investments, it is fine. But don't throw good money after bad.

I must admit I didn't look at it from that prospective, thanks for the comment

Startup1985

Thrugelmir wrote: »

What's plan B if the share price falls rather than rises.

Plan B is to hold them until they eventually do rise again (if they do). As said this is spare cash so I won't miss it too much but would love to grow the pot. I don't mind holding the shares longer term if there is a drop with the hope of thins turning around but if the future looks dire I will offload and retry with others, hopefully once I build a bit up even a loss on one particular share will not take me below my starting point.

Also with all the researching I'm hoping it to be less of a gamble and stab in the dark and more a well judged choice.

Pincher

You mean, checking the share price every five minutes, just in case it goes up?


Don't have a day job, obviously.


Well, Shanghai taxi drivers are reputed to trade while they drive.:eek:

Startup1985

Pincher wrote: »

You mean, checking the share price every five minutes, just in case it goes up?


Don't have a day job, obviously.


Well, Shanghai taxi drivers are reputed to trade while they drive.:eek:

Haha

No I work full time 7-4, the joys of modern technology mean I can set alerts for when the price reaches what I would accept as a reasonable profit. Being the factory foreman means I also get shown a bit of leniency when I am caught with my feet up, phone in hand :rotfl:

bigfreddiel

In answer to your title, become a stockbroker

AnotherJoe

Startup1985 wrote: »

I just wondered if anyone here uses the strategy of holding shares for really short periods of time until a profit is made then sells up and moved onto the next one?
.........

So basically I was just wondering if anyone else does this and have they had any luck or is it just a waste of time ....

Do you really think it's that easy? I'm sure some people have had some luck doing this.... ... until it ran out.

DrSyn

Yes I have tried it for a short time and made a profit. I found it time consuming and boring so gave up. It did not fit my personality.

It is not investing, it's gambling and you can lose money even more quickly than you can make it.

It sounds to me that what you are describing is a form of "day trading" which is normally popular just before markets crash.

Those that do this sort of thing normally use charts ( technical analysis), with moving averages, support and resistance levels etc. There is information about it on the internet.

A basic introduction which I found an easy read and simple to understand is:
Timing the financial markets by Alex Kiam

Be careful & really only use money you can afford to loose!

El_Torro

The higher the return, the higher the risk.

I have known some people who have made a good return doing this. One friend of mine made about £20k in about 6 months. He got out while he was ahead and used the money to travel. I've never known anyone to do this for extended periods of time and get a good outcome out of it though.

Remember that fund managers do this for a living (admittedly with restraints on what they can and can't do with other people's money) and there's very few of them that consistantly and persistently beat the market's performance.