Share tips thread (Vol 2)
Discussion
Etoro weren't quick enough to catch the initial dive - they don't get the prices right away. They have improved a lot - I remember waiting 10, 15 minutes when I started, on a stock which had shifted loads. Funny that, the stocks that had rocketed or dived after and pre market were always slow - the ones which were just plodding along as normal - 2 minutes...
Condi said:
Ok, so why did you think you wanted to be short and then take a long position - presumably ahead of earnings release? What made you change your mind?
I thought I wanted to be short? I was undecided. Mind made up mainly by increasing interest and high volume buys throughout the day.
I bought in at $286.20, and sold after the peak (after the dive!) at $307.62.
Like I have stressed umpteen times before, I am happy to reveal losses as well as gains - I've dropped $40k straight on opening, $20k, $10k - numerous times.
Yes, I lose. Big time.
But I come out on the right side more often, and with larger amounts at stake, and that's what got me out of a miserable job (which I could get back into at any time I want - I keep my eye in by doing some Mechanical Engineering design to keep me up to date), and where I am now - from a job that was depressing, dull, and after 18 years, repetitive - and with virtually no savings, to where I am now - a couple of year's worth of living costs at my usual lifestyle and more, even if I did absolutely nothing for those two years.
p1stonhead said:
Internet bragging points? 
Is that jealousy I smell? How's the mortgage going now?People who get jealous when others do well for themselves are bell-ends. I don't want to be a millionaire, I am happy doing what I do at the minute and making what I make at the minute.
My lifestyle isn't a "rich" one - another fella on here, who might want not want to post but we keep in touch via email, could tell you that I had told him yesterday before closing that I'd bought at that price, come what may. I still live in a 3-bed semi, do my own painting and DIY - from replumbing the whole house to rewiring the whole house and having it NICEIC certified by an independent spark before I went to Canada for 3 months, so I could rent it out.
guindilias said:
p1stonhead said:
Internet bragging points?
Is that jealousy I smell? How's the mortgage going now?People who get jealous when others do well for themselves are bell-ends. I don't want to be a millionaire, I am happy doing what I do at the minute and making what I make at the minute.
My lifestyle isn't a "rich" one - another fella on here, who might want not want to post but we keep in touch via email, could tell you that I had told him yesterday before closing that I'd bought at that price, come what may. I still live in a 3-bed semi, do my own painting and DIY - from replumbing the whole house to rewiring the whole house and having it NICEIC certified by an independent spark before I went to Canada for 3 months, so I could rent it out.
p1stonhead said:
Internet bragging points?
guindilias said:
Going to be a bad day tomorrow on opening - I had $15k as a CFD short on Nvidia, and they just bounced up 5% after hours on their earnings call.
At 5x leverage, that's a good big loss, unless some fluke sends it horribly down tomorrow.
Ah, some you win, some you lose... that'll likely be £4000 out of the equity tomorrow at market open...
Was that bragging as well? This one happened to be a $40k CFD, not a $15k one - because Nasdaq has been so completely random of late that I miss the thrill - and the money. At 5x leverage, that's a good big loss, unless some fluke sends it horribly down tomorrow.
Ah, some you win, some you lose... that'll likely be £4000 out of the equity tomorrow at market open...
Paypal and Ebay next week's earnings, I'll almost certainly be in on them, and it will almost certainly be more $40k "gambles".
Happy?
I think it’s because posting after the trade always seems a bit easy to present a win, especially as you showed indecisiveness as to whether you were even going to go short or long and in those circumstances it seems more of a coin toss than an educated ‘trade’ or even a hint as to where you saw it going.
If you’re going to email posters on here with what way you are trading, why not just post it here for all to see?
You have admitted to wrong trades but historically, why not just pin your colours to the mast and folk here can learn from it themselves and if you call it wrong/right it’s no different to giving historic references to calling it the right/wrong way?
If you’re going to email posters on here with what way you are trading, why not just post it here for all to see?
You have admitted to wrong trades but historically, why not just pin your colours to the mast and folk here can learn from it themselves and if you call it wrong/right it’s no different to giving historic references to calling it the right/wrong way?
Because when I post on here about CFDs, the "I buy shares and am bitter" crew descend on me like it's paedophilia, roulette, and slave trafficking all rolled into one.
The loss above - that wasn't quite historic, that was after I was asked to post losses as well as gains because it was all "Internet bragging". I would be more than happy to post on here regularly - but CFDs are the Great Evil, because the majority of people lose money on them. So do the (much vaster) majority of day traders, swing traders - around 93% don't succeed, was the last figure I heard.
The loss above - that wasn't quite historic, that was after I was asked to post losses as well as gains because it was all "Internet bragging". I would be more than happy to post on here regularly - but CFDs are the Great Evil, because the majority of people lose money on them. So do the (much vaster) majority of day traders, swing traders - around 93% don't succeed, was the last figure I heard.
Shnozz said:
Not sure I’ve seen such vitriol levied at you but fair enough - albeit can’t quite see how you saying you will be putting on a CFD will avoid the moans from long term investors simply by omitting to say which way you had traded.
To be fair, he has posted his losing trades too. I havnt noticed vitriol. guindilias said:
marky1 said:
The problem is it's not rare enough that it won't eventually happen. Out of interest do you think they will come after you for the loss? Not at all having a go at you here by the way. I've been trading futures and options as a career for 20 years. Just as someone else said it sounds a bit like you are not fully aware of your downside. A lot of good knowledge on here, someone may be able to help you work on the downside risk....
I keep enough in my Etoro account to more than cover any losses I could possibly make, unless the entire stock market dropped to zero overnight - my portfolio changes on a daily basis, so if Amazon happen to plummet - I may not even have an active CFD on them. And if I do, then my equity in Etoro (Active CFDs and available funds) drops - I have plenty of available funds, and even if I lost the lot by some ridiculous coincidence, I have plenty banked as well.It isn't a worry for me...
R8Steve said:
If the stock market dropped to zero you would be in a world of pain if you were leveraged 5/10x.
Greshamst said:
To be fair, if the stock market dropped to zero, every single person in the developed world is going to be in a world of pain, and a leveraged CFD debt isn’t going to be the most immediate concern...
Apoligies, not you, Burwood - a case of mistaken identity! But probably the most stupid quote I have ever seen on this thread, by someone who lists his profession as "finance" - processing cheques at the Natwest, while the wife earns the money and buys him fancy cars? 
And I enjoy making them... some do track days, I do CFDs - the same adrenaline rush without the "Oh God, I'm going to die in this crash" bit - I was barred from our local RWYB for driving too aggressively, and rightly so!
It's all about the thrill of the chase - and TBH, I think I'd still do it even on a "virtual" account, as most CFD companies provide - all the risk, no actual money involved.
But, I prefer the lifestyle (do what I want, when I want), the money, and the whole sense of freedom of not having to report to anyone more senior than myself, because I am the only person to report to...
It's all about the thrill of the chase - and TBH, I think I'd still do it even on a "virtual" account, as most CFD companies provide - all the risk, no actual money involved.
But, I prefer the lifestyle (do what I want, when I want), the money, and the whole sense of freedom of not having to report to anyone more senior than myself, because I am the only person to report to...
guindilias said:
Etoro weren't quick enough to catch the initial dive - they don't get the prices right away. They have improved a lot - I remember waiting 10, 15 minutes when I started, on a stock which had shifted loads. Funny that, the stocks that had rocketed or dived after and pre market were always slow - the ones which were just plodding along as normal - 2 minutes...
If you're in the UK then why not do this via spread betting with IG index or A N Other. I doubt someone like IG will take 10 or 15 mins to update. It is also tax free which is the biggest benefit.Ah, that was years ago when there were 10 or 15 minute delays - normally now it might be a minute or two max, normally seconds.
As far as I remember their only servers used to be based in Cyprus, but they now have UK and (I think) German servers as well.
As for changing to spread betting - I'm happy with Etoro, I know the ins and outs of it very well, and to be honest, the tax bit doesn't bother me! I make enough for myself that I'm happy with the way things are... I am a stubborn cu
not and I know it!
As far as I remember their only servers used to be based in Cyprus, but they now have UK and (I think) German servers as well.
As for changing to spread betting - I'm happy with Etoro, I know the ins and outs of it very well, and to be honest, the tax bit doesn't bother me! I make enough for myself that I'm happy with the way things are... I am a stubborn cu
not and I know it!guindilias said:
Look a few pages back for both vitriol and stupidity - in fact, without even looking back, I think it was you, Burwood, who set the guy straight... Suggested that if the whole stock market collapsed, I would be in a whole world of trouble... will flick back and find it now...
I wouldn't say it's vitriol - more just pointing out the risk. Which is fair enough, and presumably you know - but others might not. As you have said it works for you but not for most people, and I think that's what people are fine enough to see. It's the same with the AIM stocks on here - a lot are against them personally due to the huge risk, but if you can work the system then it's of course a way to make money. Doesn't mean they're hating the person doing AIM trades - just pointing out the dangers for most people.Gassing Station | Finance | Top of Page | What's New | My Stuff