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[trowelhead]

Ok so assuming volatility/huge drop when US market opens (2:30pm uk time?)

How can i take advantage of this? S&P ETF?

[Burwood]

benign reaction. Asian markets have a lot more to fear but even then it's pure speculation that trade will suffer. China might be squirming a bit

[NRS]

Burwood said:

benign reaction. Asian markets have a lot more to fear but even then it's pure speculation that trade will suffer. China might be squirming a bit

Yes. However it looks like I have had a successful day, although it remains to be seen if my last trade will work out or not. Bought in at the start of the day and so made 6% in the company I bought. Was a bit late with the other company but it's up around 2% too. They'll probably be up more tomorrow too with the oil price rise. I also sold out of GDX now, as gold dropped back to the price it was yesterday, but GDX was/is still up a lot on the price it was compared to gold pre-Trump getting in. So my thought was to sell it and buy back in cheaper, depending on what happens with gold. Obviously some risk attached to that, but I suspect gold being below the important $1300-1310 zone may make some people nervous of getting back in too quickly.

dom9 said:

Holding USD (but living here and spending GBP) and being heavily invested in the markets... I suspect this could 'cost' me 10s of 1000s in the short term!

Will be 'interesting' to see how this all unfolds...

Looks like you're in profit,

[HarryW]

daniel1920 said:

daniel1920 said:

DSLiverpool said:

Serious question - will shares dive deeper than deep if Donald gets the vote ? should I at least part convert to £

Ill be holding onto my BAE systems...

Up a tidy 6.75% on the day...

[g4ry13]

Well I was expecting there to be total carnage this morning when I got in and i'd mop up some stocks which had dived down. I was majorly disappointed

[NRS]

g4ry13 said:

Well I was expecting there to be total carnage this morning when I got in and i'd mop up some stocks which had dived down. I was majorly disappointed

There was quite a lot - just it recovered to normal moves within approximately 30 minutes or so for most companies (at least in Norway). So meant you had to be very quick to benefit.

[DeadInside]

I admit to thinking that with Trump winning it would be carnage. I sold everything first thing and suffered as a result (although still up).

I then watched as many of the stocks - in particular Barclays - rose on the day.

Kicking myself but lesson learnt (i made most of my returns when people panicked after the brexit vote so I should have known better)

So - I now have a modest cash position and itching to get some skin back in the game.

[trowelhead]

g4ry13 said:

Well I was expecting there to be total carnage this morning when I got in and i'd mop up some stocks which had dived down. I was majorly disappointed

same here, was poised to strike

[Burwood]

DeadInside said:

I admit to thinking that with Trump winning it would be carnage. I sold everything first thing and suffered as a result (although still up).

I then watched as many of the stocks - in particular Barclays - rose on the day.

Kicking myself but lesson learnt (i made most of my returns when people panicked after the brexit vote so I should have known better)

So - I now have a modest cash position and itching to get some skin back in the game.

I wouldn't say a lesson learnt. You did the correct thing imho

The upside was limited either way (Clinton winning) as it was expected and baked in. It could have fallen hard, trapping many in positions they wouldn't sell down. Remember the predisposition to run losses longer and gains cut short. You live to fight another day!

[bmwmike]

DeadInside said:

I admit to thinking that with Trump winning it would be carnage. I sold everything first thing and suffered as a result (although still up).

I then watched as many of the stocks - in particular Barclays - rose on the day.

Kicking myself but lesson learnt (i made most of my returns when people panicked after the brexit vote so I should have known better)

So - I now have a modest cash position and itching to get some skin back in the game.

I was going to sell and then remembered the adage it's better to be in the market than try to time the market and I got stung in the past by fiddling around trying to predict outcomes. Better to always hold a good chunk of cash for down days and mop up more of the long term holds. That's my strategy anyway.

What exactly is pushing BAE anyone know? Seems to be some saudi deal and I guess the trump effect of countries needing more gear of his comments on NATO come to fruition ? In which case this could have a long way to go...

[klmhcp]

twinturboz said:

Yup bang on but possible let it dip further if Trump does get in. Not sure this is going to bounce back as quick as Brexit.

Quicker bizarrely!

[768]

[twinturboz]

klmhcp said:

Quicker bizarrely!

Yup, rip of a move. Must have been Uncle Carl

Let's see how much of it sticks over the next few days, there was a lot of hedges being unwinded too.

[Phooey]

I admit to calling my advisor yesterday morning and asking "what do we do now!!?"

http://moneyweek.com/a-valuable-lesson-in-investme...

"unless you’re a trader, then your portfolio is not there to be tweaked and tinkered with on the basis of uncontrollable news events"

[NRS]

Burwood said:

DeadInside said:

I admit to thinking that with Trump winning it would be carnage. I sold everything first thing and suffered as a result (although still up).

I then watched as many of the stocks - in particular Barclays - rose on the day.

Kicking myself but lesson learnt (i made most of my returns when people panicked after the brexit vote so I should have known better)

So - I now have a modest cash position and itching to get some skin back in the game.

I wouldn't say a lesson learnt. You did the correct thing imho

The upside was limited either way (Clinton winning) as it was expected and baked in. It could have fallen hard, trapping many in positions they wouldn't sell down. Remember the predisposition to run losses longer and gains cut short. You live to fight another day!

Obvious it depends if you are a long term trader etc. But would the "correct" strategy not to have sold out before the election, rather than the morning. Then buy back in on the day or day after, since there was unlikely much upside to Hillary winning and a big downside to Trump winning (at least predicted)? Therefore the risk versus reward was skewed. That's what I did, buying partly in at the start since it had already crashed a lot (also remembering the quick bounce from Brexit), but kept some money out if it continued down so I could reduce my purchase price and not get trapped with a bigger loss.

The sale of GDX seems to have worked out well too - I did think it would maybe head down again after failing to properly beat 1300-1310. I think gold will be testing $1250 again before it possibly heads back up.

I am allowed to think I am the world's best trader now and that I should give up my day job?

[twinturboz]

NRS said:

The sale of GDX seems to have worked out well too - I did think it would maybe head down again after failing to properly beat 1300-1310. I think gold will be testing $1250 again before it possibly heads back up.

Longer it stays below 1267 more the chance of 1200. I'm still expecting a Oil and Gold rip, but not looking so good on that count for now.

FANG should see capital rotate out and into biostock,financials, industrials etc everything Trump friendly

Edited by twinturboz on Thursday 10th November 15:32

[Shnozz]

I went to cash for about 60% of my SIPP about a fortnight ago as I was nervous. I was close to going into gold (hence earlier enquiry about filing the W-8BEN form). However, in honesty I expected Clinton to do it so held back and stayed largely cash.

Since the Trump win I have seen almost the exact opposite of what was predicted in terms of the markets, currency, gold price etc etc.

[twinturboz]

Shnozz said:

Since the Trump win I have seen almost the exact opposite of what was predicted in terms of the markets, currency, gold price etc etc.

Fade the crowd, we'll go higher by year end just need to shake some longs out here, not sure if we get a full retest of overnight lows from election but bigger picture wise this dip should be buyable.

Amazon almost buyable a bit lower would be nice.

[traxx]

Think I'll buy Amazon if it gets to $705 - thats a huge move down

[Burwood]

traxx said:

Think I'll buy Amazon if it gets to $705 - thats a huge move down

Jeff Bezos is wetting the bed and for good reason. A lot of people are now regretting the very personal attacks on Trump. So Jeff opens his mouth and it's cost him about 10B so far. Trump hates him and will start dismantling Amazons reach. Im not saying Amazon is going back to $500 yet but $700 is too soon in my opinion.