Buying Selling shares question

[rhinochopig]

Is there a limit for the amount of time an individual (i.e. hobbyist) has to hold shares for?

The current volatility of the markets has seen some fairly consistent start low, peak mid-day, finish low prices, which would be worth a punt.

[shadowninja]

If you're going to scalp, you might as well try spreadbetting with www.igindex.co.uk. Cheaper unless you go big. But you said punt so I assume you're not gonna buy £25k of Barclays. Expect to lose, mind.

[digger_R]

If you want to scalp by all means try with some form of spread betting account and you may well make reasonable profits, until you are caught offside by a big swing when you will be royally badgered...
good luck

[rhinochopig]

Funnily enough that site came up when I was googling for an answer. I have even less of an idea about spread betting than nuances of buying and selling shares. At least the companies I was looking at I am familiar with they - have all gone up between 10 and 16p from the start of trading, so even with a fairly low starting pot it is not a bad return for 30mins work.

ETA. Goes of to have a read of Wiki to find out what scalping is.

Edited by rhinochopig on Wednesday 29th October 14:43

ETA Wanders back Scalping is illegal.

Edited by rhinochopig on Wednesday 29th October 14:46

Edited by rhinochopig on Wednesday 29th October 14:46

[trimbo]

digger_R said:

If you want to scalp by all means try with some form of spread betting account and you may well make reasonable profits, until you are caught offside by a big swing when you will be royally badgered...
good luck

[shadowninja]

Problem comes with the commission charges unless, as I said, you go big.

[shadowninja]

rhinochopig said:

ETA Wanders back Scalping is illegal.

Not that kind of scalping. I mean quick trades. And no, not that kind of scalping... I am not talking about um white man take our land, Big Chief Running Fox defend land.

Edited by shadowninja on Wednesday 29th October 14:47

[2something]

Look up VW shares and think about whether you really want to be involved in trading individual shares ...

[shadowninja]

http://www.trade2win.com/traderpedia/Scalping

Sign up so we can take the piss out of you for asking stupid questions, go on.

[shadowninja]

PS the volatility is a good reason to not start trading now.

[rhinochopig]

shadowninja said:

http://www.trade2win.com/traderpedia/Scalping

Sign up so we can take the piss out of you for asking stupid questions, go on.

I can get that here thanks. My yikes comment was slightly tongue in cheek though.

[zcacogp]

digger_R said:

... you will be royally badgered...

Great phrase!

Thanks!


Oli.

[rhinochopig]

shadowninja said:

PS the volatility is a good reason to not start trading now.

Excuse my naivety here, but why is that? The companies I am looking at traditionally do well in the sort of market conditions currently being experienced. They have previously been overvalued (IMO) and are currently fluctuating back to a more realistic level. They are robust companies, have no single market exposure so surely it would be a good time to buy. This is an area I know nothing about so please excuse me if I'm being stupid (or rip the piss as appropriate).

[rhinochopig]

anonymous said:

[redacted]

[shadowninja]

rhinochopig said:

shadowninja said:

PS the volatility is a good reason to not start trading now.

Excuse my naivety here, but why is that? The companies I am looking at traditionally do well in the sort of market conditions currently being experienced. They have previously been overvalued (IMO) and are currently fluctuating back to a more realistic level. They are robust companies, have no single market exposure so surely it would be a good time to buy. This is an area I know nothing about so please excuse me if I'm being stupid (or rip the piss as appropriate).

That's not due to volatility. That's due to a worrying and uncertain economic situation (which has resulted in this volatility). The panic in the current economic climate will have you stop out more often than a drunk nursing student at Freshers' Ball. Or you'll be staring at a loss for days if you let a trade turn into an investment, as they say.

It's easy enough to see on yesterday's graph when the bottom is but trying to pick the right bottom with live prices will result in a face that's redder than... oh, you insert your own euphemism here.

Edited by shadowninja on Wednesday 29th October 15:26

[shadowninja]

anonymous said:

[redacted]