Share tips thread (Vol 2)
Discussion
ATM said:
guindilias said:
I have one, but she has her own place and doesn't live here full time - her flat is literally 2 minutes walk from her work, as opposed to 15 minutes drive. Not a big earner, does no shares/CFDs, but is good with her money and doesn't ask for or need much of mine!
Now I know you're full of sheet.
Good laugh to to kick off the weekend this. guindilias said:
I don't need "more" money - I don't want to be a millionaire.
Plus it's hardly an exclusive thing:
"There were an estimated 46.8 million people with a fortune of $1 million plus around the world in mid-2019, according to the latest edition of Credit Suisse's Global Wealth Report".
Edited by Groat on Friday 25th October 19:38
To be honest, at this stage, I really just get the same sort of thrill out of it as I imagine really serious footy supporters win the match, the league, anything. Money isn't an issue any more - every goal against an opposite team is a good CFD result, if your team win the league of whatever then it's like a £50k CFD profit.
I like to win, like everybody does, and I like to do better than others, like everyone does.
I wouldn't say I see money as immaterial now, but I certainly view it very differently.
I get just as much pleasure in getting an ancient, seized engine up and running again, as I do earning 10k in a minute - they both give a dopamine rush. I won getting the engine going, I won getting the CFD sold and cashed out. Same thing.
Like racing - I just bought a crashed Audi S5 Coupe which rolled badly but didn't burn - it starts and drives , the roof was cut off, driver was OK, just hit slurry on a bad bend, and quattro does no good when you're sideways...
I'm going to mount that engine on a custom chassis & frame in a Mk1 VW Caddy pickup, right there in the bed. The Caddy weighing nothing, it should go well alright - it won't be a year long project or an 18 month project - but I know I can do it. And it won't be a chore, but a pleasure, because that's what I like doing.
I like to win, like everybody does, and I like to do better than others, like everyone does.
I wouldn't say I see money as immaterial now, but I certainly view it very differently.
I get just as much pleasure in getting an ancient, seized engine up and running again, as I do earning 10k in a minute - they both give a dopamine rush. I won getting the engine going, I won getting the CFD sold and cashed out. Same thing.
Like racing - I just bought a crashed Audi S5 Coupe which rolled badly but didn't burn - it starts and drives , the roof was cut off, driver was OK, just hit slurry on a bad bend, and quattro does no good when you're sideways...
I'm going to mount that engine on a custom chassis & frame in a Mk1 VW Caddy pickup, right there in the bed. The Caddy weighing nothing, it should go well alright - it won't be a year long project or an 18 month project - but I know I can do it. And it won't be a chore, but a pleasure, because that's what I like doing.
guindilias said:
Aye, I lost big but the guidance wasn't bad - think I am going to hang on to this one for a while. I think it'll probably rise most of the quarter. Only 10% down from over 40% down first thing,
How big is your pot compared with your trades? If you're on margin and have a big loss you need a huge pot to ride that out without having it closed by the exchange. As for money, meh, people dont trade for the mega bucks, not really. Someone once told me you could halve everyone's salary in the city as long as you did it to everyone equally. Money is just the metric of success, ie, a good day is £X, a bad day is £Y, and being paid more than someone else is just the market showing you're worth more than him, and it's that competition which is why people trade. Its not the absolute figure, but more how that relates to other people.
My pot is around 10x my trades on any given day - sounds massive, but a massive loss could throw that right down. I have plenty banked to cover it, but prefer to keep it where I can use it to trade (and it isn't taxable until I withdraw money), rather than take a load out and have an enormous tax bill.
As I said, I am happy doing what I am doing, it covers everything I actually want and more, and I know most people think it is like betting on red or black with $40k at a time - and to be honest - I can't play poker for money, I am hopeless at it and always have been - snakes and ladders is about as far as I get!
Draughts, I am OK at, but scrabble, dominos, anything more complicated than that - my mind does not work that way, at all.
As I said, I am happy doing what I am doing, it covers everything I actually want and more, and I know most people think it is like betting on red or black with $40k at a time - and to be honest - I can't play poker for money, I am hopeless at it and always have been - snakes and ladders is about as far as I get!
Draughts, I am OK at, but scrabble, dominos, anything more complicated than that - my mind does not work that way, at all.
Four buys tonight, the remainder of the FAANG stocks, and Microsoft.
Big chunks on all of them except Facebook, because it is a very random stock with big movement at the closing bell.
I was going to put a chunk on BYND, shorting them, but I have a real feeling they may pull out some unexpected results, so that would be a complete coin flip. So nothing at all on them.
Big chunk on Microsoft, on Google, and Apple - a medium chunk on Facebook. Watch the charts LIVE at 8pm!
Big chunks on all of them except Facebook, because it is a very random stock with big movement at the closing bell.
I was going to put a chunk on BYND, shorting them, but I have a real feeling they may pull out some unexpected results, so that would be a complete coin flip. So nothing at all on them.
Big chunk on Microsoft, on Google, and Apple - a medium chunk on Facebook. Watch the charts LIVE at 8pm!
guindilias said:
Four buys tonight, the remainder of the FAANG stocks, and Microsoft.
Big chunks on all of them except Facebook, because it is a very random stock with big movement at the closing bell.
I was going to put a chunk on BYND, shorting them, but I have a real feeling they may pull out some unexpected results, so that would be a complete coin flip. So nothing at all on them.
Big chunk on Microsoft, on Google, and Apple - a medium chunk on Facebook. Watch the charts LIVE at 8pm!
Does look too exciting for the after hours trades.Big chunks on all of them except Facebook, because it is a very random stock with big movement at the closing bell.
I was going to put a chunk on BYND, shorting them, but I have a real feeling they may pull out some unexpected results, so that would be a complete coin flip. So nothing at all on them.
Big chunk on Microsoft, on Google, and Apple - a medium chunk on Facebook. Watch the charts LIVE at 8pm!
No, it was a buy before they released their earnings report and conference call.
I was expecting a lot of movement from them, up OR down, after hours - but very little so far. will have to stare at the numbers in the report and read their letter to shareholders to see what happened...
I was expecting a lot of movement from them, up OR down, after hours - but very little so far. will have to stare at the numbers in the report and read their letter to shareholders to see what happened...
They publish the figures first, then give guidance afterwards as to their plans and future earnings etc. That can totally flip thigs round. look at ASOS - completely dived on revenue and people were shorting them all the way- then they gave great guidance and they bounced up 17% - which would be close to double your stake at x5 leverage.
I put fu
cking £40k on them , and it looks like I might get 1% profit, even with leverage... this has been a rubbish earnings season. Tesla was a nice surprise though.
I put fu
cking £40k on them , and it looks like I might get 1% profit, even with leverage... this has been a rubbish earnings season. Tesla was a nice surprise though.Gassing Station | Finance | Top of Page | What's New | My Stuff