£500 to invest in shares today (First timer)

UKresident1234

Baldytyke88 said:

If your logic is that they have gone down and they will come back up, Astrazenica is today's top faller in the FTSE 100, or are you wanting a USA stock

As per post looking at apple and nvidia 

UKresident1234

fwor said:

UKresident1234 said:

should've have gone with my gut 

The problem with that way of thinking is that the decision which caused the partial recovery in the US markets (the decision to "pause" the extreme tariffs for 90 days or more) happened long after you initially posed the question.

So you are crediting yourself with anticipating an event that you couldn't possibly have known would happen. It generally doesn't help to look back like that.

actually quite predictable he would pause, not today but at some point, many made a killing today if they bought stock past couple of days according to skynews, yesterday T said "it's great time to buy" now look at what happened

masonic

UKresident1234 said:

fwor said:

UKresident1234 said:

should've have gone with my gut 

The problem with that way of thinking is that the decision which caused the partial recovery in the US markets (the decision to "pause" the extreme tariffs for 90 days or more) happened long after you initially posed the question.

So you are crediting yourself with anticipating an event that you couldn't possibly have known would happen. It generally doesn't help to look back like that.

actually quite predictable he would pause, not today but at some point, many made a killing today if they bought stock past couple of days according to skynews, yesterday T said "it's great time to buy" now look at what happened

So what happens next?

Hoenir

UKresident1234 said:

fwor said:

UKresident1234 said:

should've have gone with my gut 

The problem with that way of thinking is that the decision which caused the partial recovery in the US markets (the decision to "pause" the extreme tariffs for 90 days or more) happened long after you initially posed the question.

So you are crediting yourself with anticipating an event that you couldn't possibly have known would happen. It generally doesn't help to look back like that.

actually quite predictable he would pause, not today but at some point, many made a killing today if they bought stock past couple of days according to skynews, yesterday T said "it's great time to buy" now look at what happened

Last week we were told that  foreign Governments were going to be queueing up to kiss his ****. Seems even the Joker has to bow and backtrack to placate the international bond markets. 

SneakySpectator

UKresident1234 said:

Hi,

Have never bought a share in my life. Looking at the market I want to put in £500 today .. will add funds into the Trading 212 app as I have an account with cash isas there.

So what to buy? Thinking Apple and Nvidia (which if tariff deals are worked out might surge)  .. but am clueless.

Also I want to cash them out quick once they rise, not a long term thing.

Any tips for a newbie. What would you do if it was your £500?

Thanks in advance!

If you're into gambling I recommend roulette or online slot machines.

SneakySpectator

eskbanker said:

UKresident1234 said:

Thinking Apple and Nvidia (which if tariff deals are worked out might surge)  .. but am clueless.

You'd have had some beginner's luck that might have (misleadingly) convinced you of it being a viable strategy - Apple was up 11% in the four hours since you posted that!

Trading involves being lucky twice.
1. Buying at the right time
2. Selling at the right time.

I know many people who either bought at the right time but failed to sell at the right time, or vice versa.

In fact I had a friend who sold during covid and he was bang on with his sell and the market dropped like 20% from when he sold. But he was convinced it would go lower so stayed out of the market. He never did end up buying back in because as prices started rising he become even more stubborn. 

I've not spoken to him in a few years but the last time I spoke to him the SPY was around $400, so yeah I'm guessing he's probably still waiting 🙄

k6chris

SneakySpectator said:

eskbanker said:

UKresident1234 said:

Thinking Apple and Nvidia (which if tariff deals are worked out might surge)  .. but am clueless.

You'd have had some beginner's luck that might have (misleadingly) convinced you of it being a viable strategy - Apple was up 11% in the four hours since you posted that!

Trading involves being lucky twice.
1. Buying at the right time
2. Selling at the right time.

I know many people who either bought at the right time but failed to sell at the right time, or vice versa.

In fact I had a friend who sold during covid and he was bang on with his sell and the market dropped like 20% from when he sold. But he was convinced it would go lower so stayed out of the market. He never did end up buying back in because as prices started rising he become even more stubborn. 

I've not spoken to him in a few years but the last time I spoke to him the SPY was around $400, so yeah I'm guessing he's probably still waiting 🙄

I know people like this too, it's wealth destroying!

Baldytyke88

SneakySpectator said:

Trading involves being lucky twice.
1. Buying at the right time
2. Selling at the right time.

I know many people who either bought at the right time but failed to sell at the right time, or vice versa.

I have bought Speedy Hire 4 times, I hope to be lucky for a 4th time.

jimexbox

If you want to trade for a quick profit which I've done this week, I would advise not to be greedy and wait for an even greater return. Be happy with a nice profit and walk away. 

boingy

UKresident1234 said:

Hi,

Have never bought a share in my life. Looking at the market I want to put in £500 today .. will add funds into the Trading 212 app as I have an account with cash isas there.

So what to buy? Thinking Apple and Nvidia (which if tariff deals are worked out might surge)  .. but am clueless.

Also I want to cash them out quick once they rise, not a long term thing.

Any tips for a newbie. What would you do if it was your £500?

Thanks in advance!

So did you buy yesterday?
What did you buy?
Are you selling it today?