The FTSE

  • Thread starter Thread starter worsleyweb
  • Start date Start date
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!
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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!
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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
 
Hutchymcfc said:
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
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Depends what you want really. There are some excellent opportunities out there IF you do your research and don’t get too greedy. Sometimes the first profit is the best.
 
Wafty Cranker said:
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”
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Mine was solely down to impatience. I actually chose good stocks, balanced risk, some higher than others but if I’d just let it be and not pulled the trigger then I would have made a lot more.
No regrets though, just learn and move on
 
Tricky17 said:
Mine was solely down to impatience. I actually chose good stocks, balanced risk, some higher than others but if I’d just let it be and not pulled the trigger then I would have made a lot more.
No regrets though, just learn and move on
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Main thing is to spread it around. Keep your eggs in lots of baskets. Different sectors, different geographies, different asset classes. Get some for growth and some for income. You can still get stung but it will rarely be across the board. And you've already learnt the biggest lesson which is to not buy or sell for the short term. Making money out of day trading needs expertise that few people have - certainly not me. As an example I was looking at GSK the other week and topped up on them. They have risen since then, but today there was a RNS about a very promising Covid treatment with good trials results and anyone would have thought there would be a significant share price boost but the opposite happened. No idea why.
 
Tricky17 said:
Depends what you want really. There are some excellent opportunities out there IF you do your research and don’t get too greedy. Sometimes the first profit is the best.
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Mine is long term growth for old age , and dont have too much spare time

Maybe when my little 1 is older I'll do more on the stocks and house is paid for
 
west didsblue said:
Main thing is to spread it around. Keep your eggs in lots of baskets. Different sectors, different geographies, different asset classes. Get some for growth and some for income. You can still get stung but it will rarely be across the board. And you've already learnt the biggest lesson which is to not buy or sell for the short term. Making money out of day trading needs expertise that few people have - certainly not me. As an example I was looking at GSK the other week and topped up on them. They have risen since then, but today there was a RNS about a very promising Covid treatment with good trials results and anyone would have thought there would be a significant share price boost but the opposite happened. No idea why.
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I’m heavily invested in Avacta, averaged down to 1.22 but it’s been a rollercoaster. Now at 2.44 and could go much higher if and when they get the testing kit CE marked. Lots of other good parts to their business other than Covid especially Cancer Therapeutics.
Not suggesting any investment advice as should always DYOR but it’s been a profitable investment but has taken a lot of ups and downs
 
Well that was a rum old 3 weeks or so for the NASDAQ, I still don't think we are fully out of the woods yet, but it looks like a corner is being turned
Added to my NIO position couldn't help myself when it was in the low $30s, hopefully the rebound will see new highs

GEVO was also a steal in the $5s but used my spare funds on NIO, hopefully the correction is over, but who knows
 
Don't expect much today, I've just read that there are 150000 options in Tesla @$700 which will cost the big boys $10bn the Market Makers will ensure the Tesla SP doesn't close above 700

This will affect the whole EV sector as Tesla is the flag bearer in this sector as we know so a falling tide will in this respect drop all boats

And NIO has millions of dollars in calls at $45 so I don't expect NIO to close over $45, next week hopefully we see the march north continue
 
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