Stock trading for complete beginners

bowlhead99

bulltraderpt wrote: »

BTW, I'm up today by 0.20% (and having paid some dreaded stamp duty), with the ftse down 0.2% as I type how did that happen?

I didn't bother selling my entire portfolio last night to try to start again this morning.

So, for example, my mainstream emerging markets investment trust has gone up over 0.3% this morning without me even doing anything.

Likewise my internationally-facing investments with exposure to USD have had a 0.2% boost because of a strengthening of that currency.

Measuring yourself against the FTSE, which is not a very diversified pool of assets nor a very high bar in terms of performance, is probably futile. Most of us invest internationally rather than limiting ourselves to the most easily tradeable UK stocks on LSE.

bulltraderpt

Malthusian wrote: »

Why don't you tell us? You're the guy who successfully foresaw which shares were going to buck the market.

In fact, why didn't you tell us yesterday?

As you know, I can only trade as opportunities arise on the day, but the clue was in the chart. I bought 'fear' and sold 'greed'. A contrarian play, but it was calculated and it paid off.

I'd share it with you but, as you know, I am not going to because we have know it all ignoramus's frequenting this board.:(

bulltraderpt

bowlhead99

"So, for example, my mainstream emerging markets investment trust has gone up over 0.3% this morning without me even doing anything.
Likewise my internationally-facing investments with exposure to USD have had a 0.2% boost because of a strengthening of that currency."

I don't care what you do, why should I?

Mind you, you've not answered my question regarding how well your fund has done so far this year, so I think we can safely say put that down it isn't up 40.52% today banked.

"Most of us invest internationally rather than limiting ourselves to the most easily tradeable UK stocks on LSE."

Hang on, so because you give your money to someone else to invest outside the UK, you consider you are most sophisticated and more knowledgeable than I? That may or may not be the case, but until you step into the arena you'll never know, will you, and any results your fund makes is from his hard work and not yours, comprendi?

Then you call UK stocks 'easily tradable', but then you've been carping on about how difficult it is to beat the indexes, I'd wish you'd make up your mind about this trading business..

bowlhead99

bulltraderpt wrote: »

I don't care what you do, why should I?

You just boasted that you bought fear and sold greed on some clever trade to make 0.2% in a morning. I gave some examples that also made 0.2% or more overnight.

You are the one blowing your own trumpet. Seems a bit ridiculous that you don't care about simpler ways to make the same return.

Mind you, you've not answered my question regarding how well your fund has done so far this year, so I think we can safely say put that down it isn't up 40.52% today banked.

I have 100% record this year betting on the result of UK political referenda and NFL games hosted at Wembley. In both cases seeing relative value in putting money on the least popular expected outcome.

This endeavour yielded several hundred percent on the amount invested. My system might not deliver more than 40% next year though, and neither might yours.

Hang on, so because you give your money to someone else to invest outside the UK, you consider you are most sophisticated and more knowledgeable than I? That may or may not be the case, but until you step into the arena you'll never know, will you, and any results your fund makes is from his hard work and not yours, comprendi?

I have a global portfolio invested across asset classes to generate good quality returns over the long term with minimal effort, and don't need to be monitoring a screen at 10am or 3.30pm to catch a killing winner trade.

My garden is pretty and my car is fast and comfortable and I ate I nice piece of steak yesterday. I didn't build the garden or car - or breed the co, slaughter it and get it down to London in useful sized chunks- with my bare hands. It was all someone else's hard work and not mine. Im fine with that.

Then you call UK stocks 'easily tradable', but then you've been carping on about how difficult it is to beat the indexes, I'd wish you'd make up your mind about this trading business..

You are using stocks which are relatively easy to trade, being listed in UK with decent liquidity. Trading foreign exchanges is less easy and more expensive. So, you ignore those markets and I employ someone with access to do that, via a collective investment scheme.

bulltraderpt

bowlhead99,

OK, so you won't answer a simple little question, but your silence speaks volumes as to the answer.

I am not gaining anything interacting with you and not sure anyone else is reading this tbh, I am more than happy to debate and toss around differing pov as I have done but anyway, I think it's time to call it a day with you.

bowlhead99

That's me told then. Thanks for the education. I had better take a few years out of my life to become a trader before being qualified to talk about shares.

I'll update this thread at the end of the next economic cycle once I have done that. Meanwhile I don't recommend that others do it, but they should probably disregard that lack of endorsement because I have not served my time as shark bait and therefore wasn't qualified to pass comment on the merits of being it.

Thrugelmir

bulltraderpt wrote: »

BTW, I'm up today by 0.20% (and having paid some dreaded stamp duty), with the ftse down 0.2% as I type how did that happen?

Hardly the way to make a living out of day trading though.

What's that. £200 on a £100k..........

EdGasket

You are getting a hostile reception here bulltraderrpt; rather unfairly I think. Obviously some posters have polarised views and are a bit OTT defending their position.

Personally I would be very interested to hear how you are getting on and accept your results at face value; I mean what's the point of making out you're a good trader to a complete stranger who you'll never meet if it isn't the case?

As previously posted I am sceptical that anyone can repeat your success, and maybe you can't either due to reasons I already mentioned however I am open to the possibility that one/ you can. Let me know who it goes; by PM if you like,

Ed

ColdIron

bulltraderpt wrote: »

I am not gaining anything interacting with you and not sure anyone else is reading this tbh

I'm enjoying it enormously

bulltraderpt

EdGasket wrote: »

You are getting a hostile reception here bulltraderrpt; rather unfairly I think. Obviously some posters have polarised views and are a bit OTT defending their position.

Personally I would be very interested to hear how you are getting on and accept your results at face value; I mean what's the point of making out you're a good trader to a complete stranger who you'll never meet if it isn't the case?

As previously posted I am sceptical that anyone can repeat your success, and maybe you can't either due to reasons I already mentioned however I am open to the possibility that one/ you can. Let me know who it goes; by PM if you like,

Ed

Thanks Ed, but I suppose it was only to be expected.

Regarding the polarise views, I see this day in day out with investors / traders either trying to talk up their position or defend it, try advfn for size. But at least with them, like you, they've done it or are in the process.

I'd be interested in your style of trading, i.e. are you purely FA based or technical / patterns / sentiment. There are plenty of FA types but most appear to have an accounting back ground which would bore me to tears.

I'll PM you later, cheers.