The FTSE

Gaudion M said:
Are you telling them to sell now? (Its at $240)
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Probably sage advice. Price action is on relatively very low volumes, looks like it’s hard to buy? might well have some legs in it yet but this thing is unfathomable.

Very skewed market. Oct implied vol at 200%? Now if I was an pro equity trader I’d be desperately trying to sell (write) Oct 250call options with that vol and that amount of time until expiry and these fundamentals; you’d be getting paid a premium of $125 if you can find a buyer mad enough, which I’m not sure you could. Risky trade but this thing can’t keep up this price action surely...
 
Gaudion M said:
Are you telling them to sell now? (Its at $240)
Click to expand...
I've said that I would sell if I were in their shoes (they bought at around $90) but I think they are prepared to lose it all if needed rather than miss a big pay day because of the shorts situation...

The current rise I believe is due to the announcement that GameStop will launch e-Commerce platforms and not because of the shorts.....
 
I started about a year ago with approx 70k, buying shares in the hardest hit sectors, oil, cinema, automotive and speculative shares in pharmaceutical companies looking to break into Covid testing. Lots of ups, downs and missed opportunities. If I’ve learnt one thing it’s patience. As of today my 70k is now worth 63k, not great. If I’d stuck with the courage of my convictions and believed in why I invested in the first place and not sold when mm’s triggered stop losses etc my portfolio would be worth over 100k, all tax free as in ISA’s. Too many rainbow chasers and I was one of them. You learn the hard way and should never risk more than you can lose. My test now is if I have to keep checking the share price every 5 minutes I’m probably over exposed!
 
Tricky17 said:
I started about a year ago with approx 70k, buying shares in the hardest hit sectors, oil, cinema, automotive and speculative shares in pharmaceutical companies looking to break into Covid testing. Lots of ups, downs and missed opportunities. If I’ve learnt one thing it’s patience. As of today my 70k is now worth 63k, not great. If I’d stuck with the courage of my convictions and believed in why I invested in the first place and not sold when mm’s triggered stop losses etc my portfolio would be worth over 100k, all tax free as in ISA’s. Too many rainbow chasers and I was one of them. You learn the hard way and should never risk more than you can lose. My test now is if I have to keep checking the share price every 5 minutes I’m probably over exposed!
Click to expand...

Not great, but could have been worse. I’ve heard some right horror stories off people blowing their whole accounts. Quite often it seems to be those that start of well and think they can replicate it, so do the same thing with higher stakes but with different results.

“The stock market is a device for transferring money from the inpatient to the patient”
 
DenisLawBackHeel74 said:
Nio and Tesla rebounding ...

I hope folk held or bought back in
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Yep, held my NIO. I'm in it for the long term though - 5+ years - and I can't access my SIPP until April 2025 at the absolute earliest so it would've been stupid to sell my holding at a loss of thousands of pounds. Can't deny my arse has been twitching while it's been falling these past couple of weeks or so!
 
Tricky17 said:
I started about a year ago with approx 70k, buying shares in the hardest hit sectors, oil, cinema, automotive and speculative shares in pharmaceutical companies looking to break into Covid testing. Lots of ups, downs and missed opportunities. If I’ve learnt one thing it’s patience. As of today my 70k is now worth 63k, not great. If I’d stuck with the courage of my convictions and believed in why I invested in the first place and not sold when mm’s triggered stop losses etc my portfolio would be worth over 100k, all tax free as in ISA’s. Too many rainbow chasers and I was one of them. You learn the hard way and should never risk more than you can lose. My test now is if I have to keep checking the share price every 5 minutes I’m probably over exposed!
Click to expand...
Ouch, this time last year markets started to go down mine at 1 point was down to what I invested but I stuck with it and now its more than it was before

I only buy funds though as I feel shares are too risky
 
Bluemanc100 said:
I've said that I would sell if I were in their shoes (they bought at around $90) but I think they are prepared to lose it all if needed rather than miss a big pay day because of the shorts situation...

The current rise I believe is due to the announcement that GameStop will launch e-Commerce platforms and not because of the shorts.....
Click to expand...

Just hit $330
 
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