Share tips thread (Vol 2)

Share tips thread (Vol 2)

Author
Discussion

ATM

10,069 posts

167 months

Friday 25th October
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guindilias said:
I appreciate the advice, Donkeyapple, and I know you really know your stuff - but I don't need "more" money - I don't want to be a millionaire.
I'm single, live alone in a modest 3-bed semi in a nice area, spend a lot but make a lot more, and that's all I need. I still take on the odd engineering job to keep my eye in, so could slip back into a higher paid private sector job than I had before in the private sector fairly easily.
I know it's not the "best" way of doing it, but it's the "best" for me - I'm used to it now, I accept the losses that come with the gains, and I'm happier than I have ever been - work a few hours a week, do my own thing the rest of the time, things I enjoy - I really am perfectly happy the way I am!
Get yourself a bird. Then you'll always need more money.

guindilias

2,902 posts

68 months

Friday 25th October
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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!

ATM

10,069 posts

167 months

Friday 25th October
quotequote all
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.

guindilias

2,902 posts

68 months

Friday 25th October
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She's pretty independent - I don't think she would ask me for money even if she was on benefits, though I would happily give! biggrin

Nerdherder

1,648 posts

45 months

Friday 25th October
quotequote all
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.
laugh Good laugh to to kick off the weekend this. laugh

shopper150

769 posts

142 months

Friday 25th October
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AMZN seems to have almost fully recovered

guindilias

2,902 posts

68 months

Friday 25th October
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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,

Groat

4,132 posts

59 months

Friday 25th October
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guindilias said:

I don't need "more" money - I don't want to be a millionaire.
Why? What's wrong with being a millionaire? Anyway, it's usually not 'a choice'. It just.....happens.

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

guindilias

2,902 posts

68 months

Saturday 26th October
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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.

Condi

8,810 posts

119 months

Saturday 26th October
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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.

guindilias

2,902 posts

68 months

Saturday 26th October
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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.

ATM

10,069 posts

167 months

Saturday 26th October
quotequote all
guindilias said:
I just bought a crashed Audi S5 Coupe which rolled badly but didn't burn

I'm going to mount that engine on a custom chassis & frame in a Mk1 VW Caddy pickup
Excellent

Get a thread going on that and post a link on here please

guindilias

2,902 posts

68 months

Saturday 26th October
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It should be here on Monday, first thing - the insurance will be insane for it because the Caddy only weighs less than a tonne, this will probably make it a two tonner...

guindilias

2,902 posts

68 months

Monday 28th October
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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!

g4ry13

8,120 posts

203 months

Monday 28th October
quotequote all
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.

guindilias

2,902 posts

68 months

Tuesday 29th October
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Nope, no massive increases or drops, which is unusual for the FAANG group - this id normally the worst earning season for some reason.
I expected 10, 15% moves on at least one or two of them...

guindilias

2,902 posts

68 months

Tuesday 29th October
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Not much interesting on tonight, so I put a large chunk on AMD to BUY, at 5x leverage. It's either going to bomb on revenue (likely), but I think they will have some good future guidance which should push them up.
Results at the closing bell, in one hour's time... whistle

Jambo85

1,644 posts

36 months

Tuesday 29th October
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I haven’t looked at what happened but was your order to buy at a lower price if they bombed?

guindilias

2,902 posts

68 months

Tuesday 29th October
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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...

guindilias

2,902 posts

68 months

Tuesday 29th October
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Hmm, seems they met expectations, but didn't beat them - the consensus was $0.18 per share, the earnings whisper was $0.18 per share, and the conference call isn't until 9:30pm...