Anyone deal in stocks and shares online?

[Deleted Member 1156]

Does anyone do a bit of dabbling in stocks and shares online? I have recently started investing a small amount of money using one of the online platforms but trying to understand some of the terminology and concepts can be a little confusing. If anyone else does this would you be interested in forming a 'help group'?

 

[fundy]

Does anyone do a bit of dabbling in stocks and shares online? I have recently started investing a small amount of money using one of the online platforms but trying to understand some of the terminology and concepts can be a little confusing. If anyone else does this would you be interested in forming a 'help group'?

Not overly active currently but used to trade regularly previously, happy to try and help if I can Gordon

 

[Deleted Member 1156]

Not overly active currently but used to trade regularly previously, happy to try and help if I can Gordon

Thanks Steve, currently using etoro and trying figure out how to set stop loss, take profit etc. Biggest headache is some shares doing badly so I want to set a price that they will hopefully recover to then ditch them.

 

[User62651]

I still have an account with Hargreaves Lansdown. I think they are trustworthy. Generally used for an ISA but occasional shares purchase too. I have done ok with ISAs and the odd fund but my individual shares purchases have never been very good.

I read The Naked Trader book a few years ago and it was a useful guide for the newbie.

If you are a thrill-seeking gambling type looking for quick gains and not a stone cold level headed analytical type whose pulse never goes above 55 and in it for the long term I think stocks and shares are best avoided.

I would be of little use in a help group!

 

[fundy]

Thanks Steve, currently using etoro and trying figure out how to set stop loss, take profit etc. Biggest headache is some shares doing badly so I want to set a price that they will hopefully recover to then ditch them.

Do you mean how to process it on etoro or what levels to use etc? If the former there should be an edit trade on shares youve bought where you can do so, the latter a bit harder

 

[Deleted Member 1156]

I initially opened an account with HL but then realised that other platforms don't charge any fees hence the switch to etoro. I would describe myself as medium risk, mainly looking at stuff that will do well over the next 2 or 3 years rather than instant gains.

 

[Deleted Member 1156]

Do you mean how to process it on etoro or what levels to use etc? If the former there should be an edit trade on shares youve bought where you can do so, the latter a bit harder

Yeah, basically bought some shares around the 60 cent mark that have dropped. Want to set a price back around the original purchase price so when they get back to that they will automatically close for me

 

[fundy]

I initially opened an account with HL but then realised that other platforms don't charge any fees hence the switch to etoro. I would describe myself as medium risk, mainly looking at stuff that will do well over the next 2 or 3 years rather than instant gains.

Slightly misleading the dont charge fees from sites like etoro etc, they just have slightly wider spreads on the stocks to cover the fees you would normally be charged

 

[fundy]

Yeah, basically bought some shares around the 60 cent mark that have dropped. Want to set a price back around the original purchase price so when they get back to that they will automatically close for me

why?

not a huge fan of that strategy (youre basically limiting your upside whilst having full downside) but you should be able to go into the trade on etoro by edit trade and then take profit then set take profit

 

[Deleted Member 1156]

OK thanks, I'll give that a try. Understand what you are saying but I don't think the shares will live up to predictions so I want to ditch them and use the money for a new trade

 

[fundy]

OK thanks, I'll give that a try. Understand what you are saying but I don't think the shares will live up to predictions so I want to ditch them and use the money for a new trade

Then ditch them at their current price, take the hit and start in a new share (imho). Price target really shouldnt be derived from purchase price

Not sure if you have my number if so feel free to whatsapp me (or message me on here)

 

[fundy]

Far more too it than that as well JB, big boys all rallying round each other trying to aid the hedge funds against the little guys


Several shares involved, GME the main one but theyre also targetting a few others that have a high amount of shorts on them

Several brokers stopped people buying and even closed positions without consent

Google and Apple pay removed all negative reviews against the brokers like Robinhood from their platform (apple reputed to removed over 500,000 1* reviews!)


Feels like this is the start not the finish, could be a fun few weeks up coming on some of these smaller heavily shorted shares but theres definitely some momentum behind the "fight against the big boys"

 

[Fade and Die]

Read this on FB

If you guys haven’t been following the GameStop Stock poop-Show, you really need to look into it. This is chuffing hilarious.

Allow me to catch you up.

So this hedge fund called Melvin Capital wrote out some douchey article about how the smart investment move would be to short-sell GameStop stock. To put it simply, short-selling is essentially gambling that a stock’s price will drop. If it does, you make money. If it doesn’t, you end up paying out money for however much it goes up.

Well, this little article that Melvin wrote pissed off a dark, dank corner of the internet called Wall Street Bets. WSB is a hive of Ritalin-addled lunatics who treat the stock market like a chuffing casino. These dudes will regularly gamble their life-savings on a single trade. It’s a glorious thing to watch.

The WSB crew has a weird fascination with certain stocks. They call them “meme stocks.” Tesla is one, AMD is another, and GameStop, arguably, is the most weirdly beloved meme stock. So for reasons that make sense only to the degenerates on WSB, Melvin trying to short-sell their meme was a declaration of war.

Yes, this is dumb. But it gets so chuffing hilarious.

WSB decided to do a “short squeeze.” This is when you see people trying to short a stock, so you buy up that stock, and you get a bunch of other people to buy up that stock. With each purchase the price actually goes up. Since Melvin was trying to short the stock at a price of $20 per share, WSB wanted to get it as high above that price as humanly possible.

They got it up to $200 per share.

This means Melvin has to cover over $180 per share they bought. This came out to billions. chuffing. Billions.

Melvin Capital, over night, was suddenly facing bankruptcy. Think about that. A bunch of self-identified degenerates on a chuffing website were able to tank a chuffing hedge fund. That’s hilarious.

Well, the rich and powerful don’t like seeing us plebeians chuffing with one of their own. So Point72, another hedge fund, teamed up with a few other little funds, and they injected around THREE BILLION into Melvin Capital to keep them from spiraling. Essentially this meant the billionaire hedge fund crew were banding together to fight back against Wall Street Bets. And WSB just said “okay, no problem.”

Today the stock for GameStop is at $320 per share.

Melvin Capital lost all of that three billion they were given. It’s gone. They’re still chuffed. Point72 gave a little over a billion of that injection, and that means that fund dropped from 17 billion to 16 billion. That means in less than 24 hours WSB managed to all but ensure one hedge fund will die and drop the value of another by 6% so far.

And remember, WSB are just a bunch of jackasses on the internet. They aren’t hedge fund guys, they aren’t millionaires or billionaires. This is literally being done by morons with a phone app coordinating to ruin billionaires’ lives because they can.

What we’re watching here with GameStop stocks is a bunch of rich people who are getting chuffing wrecked, purely for entertainment, by the kind of middle-class and poor people they regularly lobby against and treat like this. This “eat the rich” via phone app. It’s “damn the man” with a meme-stock.

It’s chuffing beautiful.

And because whoever is writing our reality lost all sense of subtlety after 2020, the icing on the cake is that the app the WSB crew are using to pull this off is a stock-trading app called Robin Hood. Yeah, as in steal from the rich and all that jazz.

Goddammit, I truly love living in the future.’

It’s a good article and if you had cleaned it up it would not get deleted!

 

[fundy]

Far more too it than that as well JB, big boys all rallying round each other trying to aid the hedge funds against the little guys


Several shares involved, GME the main one but theyre also targetting a few others that have a high amount of shorts on them

Several brokers stopped people buying and even closed positions without consent

Google and Apple pay removed all negative reviews against the brokers like Robinhood from their platform (apple reputed to removed over 500,000 1* reviews!)


Feels like this is the start not the finish, could be a fun few weeks up coming on some of these smaller heavily shorted shares but theres definitely some momentum behind the "fight against the big boys"

love replying to a post that disappears

 

[Lord Tyrion]

love replying to a post that disappears

It was a really interesting post, a good explanation of what is going on. Hopefully he will repeat it without the swearing so others can read it.

As someone who doesn't dabble this is a really interesting happening.

 

[USER1999]

It was a really interesting post, a good explanation of what is going on. Hopefully he will repeat it without the swearing so others can read it.

As someone who doesn't dabble this is a really interesting happening.

You might need to wait a while, say, about a week.

 

[BubbaP]

love replying to a post that disappears

I was reading about Gamestop the other day - was it about this?

 

[fundy]

I was reading about Gamestop the other day - was it about this?

Yes was a commentary on the Gamestop situ

 

[brendy]

Sorry guys I never saw this one, Ive sanitised it and restored a few posts.
I have not long begun buying a few shares, currently have around 6,000 TRX (Tron) coins that I bought last week before it started to ramp, sat around 40% profit at the moment but hoping that goes into the hundreds of % as I think its due.
Also have some Shell, Litecoin, Bionano Genomics (watch out for these guys, come the 21st Feb they have some FDA approvals due, if they get it, it could be lucrative, in my opinion of course) and a small interest in Gamestop as I don't think that story is over yet. All in all this week or so I am up around 15%, never getting that kind of interest from the bank and when I think the time is right will skim off the profit each while and bank it in cash again.