I wish I could say the same, but I can wait

 

RH up 48% today

 

Genius!!!

If only AIG had not massively overexposed itself to RMBSs in 2008 it wouldn't have lost $180bn; same for UBS but $55bn; if only Lehman had held more capital; if only Border Books hadn't bought low and sold lower; if only HMV were actually any good; if only Gerald Ratner had never eaten an M&S sandwich...

...business is full of "if only's" that's why the good make money and the rest fall by the wayside!!

 

Thank-you, cheques in post i hope

I checked earlier and im actually in at 256 , only 46 to go lol

 

@ Trout - Exactly ^^^. And "if" things take a turn for the worst again, RBS, Lloyds and co will be the first to go bankrupt, I'm sure. Zombie bank may be too strong a term but they've clearly got by on government support of the economy (very obviously in the case of the bailouts). Without that in a bad situation they will fail. What would happen tomorrow if rates starting spiking and they've got all these mortgages fixed at these low rates for a few years?

I can't think who would want to own part of something like that. A punt, fair enough, but big investment, no way. Although obviously, with a lot of people thinking that, it would get to a point where it might be worth owning. Even though a lot of big companies would possibly verge on bankruptcy in the worst case, surely at least it would be better owning something that isn't certain to go down straight away?

 

Isn't a lot of Lloyds debt what they inherited from HBOS where they were stiched up by Brown?

At least they are dealing with the PPI farce although I don't believe they shpould be paying out £billions to people who put their name down for it.


Chip

 

10 year Treasury yields hitting a low of 2.03%!? How much lower can they go and when is this bubble going to pop!

 

Dow up 3% .

 

Not before it went down another 3%, another crazy day

 

Closed up 4% , as you said , crazy!

 

I think RBS and LBG are different animals.

RBS has weak fundamentals and is going nowhere fast.

I think LBG has strong leadership and is doing the right things - however it is the largest retail bank in the UK (miniscule investment and asset management) and around 33% of the UKs retail economy flows through LBG. A recession will hit is hard in terms of flow and it will hit it hard in terms of the fragile recovery in it's mortgage book.

It does seem to have mostly sorted the ludicrous lending practices of BoS SME division and the mortgage book is healthier.

RBS is going to be very susceptible around the ring fencing of capital market activity; same for Barclays.

Banking is not a sector to play at the moment.

 

At the moment yes , but in the long term I would think now is the time to invest.

Chip

 

Centamin


iv let a grand slip thro my fingers all ready this morning on this one , f******K


Confidence seems to have returned

 

With the Fed saying what they said last night, interest rates low and potential for further stimulus while other asset classes trading rich at the moment there is little choice but to buy back into equity

 

Do you guys tend to have an increase in mind that you will automatically consider selling off at, for example if you bought shares at 100p and they increased by 20%, would you just sell and bank it, or just "go with the flow"?

 

Iv been doing this a year and never bothered with the automatic stuff
- if it rises a few hundred for me i sell

unless im greedy , and then more than often i live to regret lol

you can always buy back in if its sill rising




This al takes a lot of time of course

Dont ever buy in the last half hour of trading/overnight

 

Knock yourself out - what is the worst thing that can happen, other than losing all your money!!

 

BTW - the time to invest in RBS was when it was 10.5p. And that wasn't an investment at that time, it was a gamble.

 

Everything i do has an entry plan, a target and a exit plan should things not work out.....plan the trade, trade the plan....this way there emotions such as fear and greed can't consume you

there is no right and wrong, just what works for you....

 

Why's that?

Oh and thanks.

 

Thanks.

 

The most exciting way of losing money as a trading novice is to sit in front of the ticker!!! Even if you have a trading plan!!

Use a stop loss and trade your plan; don't watch the wind blowing through the market otherwise you will get blown away. I speak from experience of burning through some 'learning' money!!!!

 

+1...screen watching only ignites emotional reaction, there is no emotion in successful trading, there is infact no excitment in trading at all it is a boring job as once you're good at it and found the formula that works for you its a case of sitting there and just taking your setups as they fire off....at least you have time to troll SN

 

I have taken advice, I have closed that tab down and will maybe check every hour now instead of five minutes.

 

...and have a dream that you drive a really fast car!!!!

 

Ain't no dreaming here Trout.......one day i will have a TTRS

 

dont know at all - i would have thought this means you need to thoroughly research every co you buy , sounds like work

a few iv regretted - when iv bought near the top of a surge of activity - and been left high and dry , a couple for months

wont be doing that again

 

"sounds like work"

Buying in a surge is classic trait of retail investor who get gripped by the fear of missing out....gold anyone?

 

Funnily enough I started off disciplined and ended up screen watching. What's that all about! I'm convinced it wasn't just luck in my first 6 months or so, but for some reason I lost the discipline and couldn't get it back. When I was successful I used to have the mentality that I couldn't lose long term and that what I doing was just mechanically finding any way to make money on a trade. Emotions started getting involved later when I took a couple of big losses I should have cut MUCH earlier. From there my mentality and my trading decisions went down the pan.

I'm sure this is a story that has been repeated many many times by others.

 

You are right alan, the problem with being an active trader is it kind of flies in the face of general social acceptance. For example if i take a loss on a trade i have lost money, when you tell people this is good they don't understand, but the reality is losses are natural in trading the right thing to do is cut them at a disciplined and accepted level.

When you plan a trade and you have an exit strategy you know what your loss is going to be so it also helps you attribute the right capital to the trade in question.