Leslie

Think I'll just hang on to what I have got!

Les

Chip

I hope so.

Chip

Chip

FTSE finished down 3.5 %

dpb

Im down below all the profit i made over the last year

- but i hear this is about average

GlesgaKiss

Dow down around 5.2%. S&P down about 6.3%

Chip

Over £20k down now but it'll be nice watching it come back up as I will have forgotten about the losses then and just think I am making money

Chip

dpb

Double up , its the only way

TelBoy

Renewed hammering, Dax down 6%, FTSE another 4%.

Any bargain shares will be an even bigger bargain tomorrow.

alloy

FTSE futures traded as low as 4700 as we all slept, rally to 5100 this morn (8.5%) and then offered all the way back down to 4770 (6.5% swing) in just over an hour....since rallied 2% off lows.....i've never seen the markets this volatile!

alloy

Good day for you though!

cookstar

iTrader: (6)

So, I seem to have taken a battering on my cherry popping shares.

Would it be a good idea to buy some more tomorrow if they keep sliding, or sit it out?

TelBoy

Ask me on Thursday

alloy

IMO sit out....wait for the markets to settle.....you may not catch the low, but at least you aren't going to be sitting there this time next week with your head in your hands....

cookstar

iTrader: (6)

I guess you have to learn to hold your nerve fairly quickly with this game, I kept refreshing the screen every 5 minutes yesterday, feeling a little bit sick.

alloy

Fear is an exceptionally strong emotion....this is a big unwind trade, people are deleveraging, pricing in unknowns......few of the big houses saying this is short term volatility and the long term impact is insignificant, others view it as a world re-weighting with consequence to all western society......perhaps if you are looking at stocks or maintaining a portfolio that you think will outperform the wider market over your time horizon, sell some FTSE contracts against it to hedge your risk (obviously reduce your return as well) or if you understand them, use options to reduce risk. The only other option is return to cash and wait for the volatility to subside before re-entering.

The VIX yesterday closed at 48, highest level since May 2010 when the FTSE shanked by some 18%, interesting to note.

Also Platinum trades below price of gold, could be a spread trade here...

dpb

Slightly less horrible i suppose - i have them from 280 !

More fool me for believing their hype

Chip

Yeah me too

john banks

Time to buy RBS?

john banks

Can't log on reliably on my trading accounts. Damn intarwebs never work when the markets go crazy and I want to trade.

I was hoping this punt might pay for a new bathroom too

TelBoy

I reckon RBS looks cheap, i was looking at it a week or so ago. If you have spare cash, i think you could do worse. Go for it.

cookstar

iTrader: (6)

I bought more about an hour ago, only way to learn I guess.

alloy

Banks are the most exposed institutions to the catalyst behind this market crash. Since the last crash they have lagged the wider market something rotten as the indices have rallied. The school boy mistake is to buy something because its down, usually they are down for a reason!

As a punt, arguably they look attractive, but that's exactly what "they look cheap" reasoning is....a punt

TelBoy

There's more to the RBS story than that.

john banks

I'm banking on political intervention to produce a rally. Then I'll sell.

alloy

Bank Of America ML.....down 20% yday....AIG again from the grave strike to potentially shake the tree again....banks are too incestuous, you can't play them as individual constituents anymore they are a sector play.

UK Banking sector is down 21% from this months highs to lows, RBS is down 35%.....if you want a "good" banking stock there are lesser burdened constituents available for selection IMO

alloy

best of luck there then!

Chip

Dow has opened up 125 points higher. Fingers crossed

alloy

VIX down 10%

Chip

Been quite a good day , lets hope it continues throughout the week.

Chip

cookstar

iTrader: (6)

Back up to what I put in, in the last 10 mins.