Tuesday 21 June 2016

LOST EVERYTHING

You can imagine why it has taken so long to pluck up courage to even post this, i need to though to not only she others how hard it is and not make my mistakes and for me to look back on in a few years time and think WHY.
Well i finally did it and put in £3,000.00 the funny thing is if i had put another £500 to a £1000 in i would be ok because the minute i lost everything the market changed in my favour.
WHAT WENT WRONG
 Well i knew better of course and got greedy by not sticking to any rules i had learn't in the past, i was ok in the fact it was nice to buy multiple shares in different companies some gained some lost and the gains out did the losses so i was up.
The problem started when the UK 100 wasn't going my way and i just held on and on with a sleepless night and before i knew it i was a few grand into this share with no sign of getting out, there was too much tied up for me to just close the account. When the share started coming back in my favour i thought this was it and placed a couple more hedge transactions trying to get my money back fast, the result was that the shares then turn against me and this time because of the henge transactions it was losing more.
I may have been ok in the long run with this UK100 but for the fact i had also bought shares in a couple of other companies which were both minus £200 each, i think if it wasn't for them i would still have been in the UK100.
At some point i had to nip off from my pc for half an hour and after closely watching for two days i came back to find everything had been closed due to no funds, if only i had topped funds up before i went away.
What i have learnt is by having more cash i stayed in longer but still lost the lot i am now thinking i need £4,000.00 to £5,000.00 in minimum to keep afloat and not 2 or 3 as i have been saying. Even with this amount i still need to obey simple rules like only buy 50p stakes and don't go silly by getting £10 stakes, i was doing well having about 10 different companies with 50p stakes and should have stuck to that.
The end result after managing to lose nearly £3000,00 in two day is that i was left with about £300 on the Friday of which i took nicely down to about £140 by Friday eve and Monday morning, so that was it this time last week i was playing with 3 grand and on Monday i had £140.00
This week
I have tried to set a target from monday of trying to get just £9 or £10 a day with a view of getting a couple of grand in a year, i want to use this experience to learn how to handle money how to walk away after making a few quid and how not to buy expensive shares thinking i will get more in return. It's mad i made about £30 on Monday off 50p share having only £140 in account which is more than i made having 3 grand and nothing to show for it..
I will keep going as long as i can and try my hardest to keep things simple ie 50p on UK100  and draw out small amounts until i reach my £10 a day. Up to now (7am weds morning) i have £211 and it's so far so good but then again it's only day 3

Wednesday 15 June 2016

A reason i decided to invest big now

The reason i have made such a rash decision as to invest £3,000.00 out of the blue next week is the Euro 2016 referendum where i would expect the stock markets to go very volatile apparently a good time to buy and sell, i am actually banking on the UK Markets to dip for a period, it's what i do that could make or brake me, i may even do nothing, but i figure the best time for me to make anything is next week. I know for the next week i will be very nervous in trying to decide the right choices to make, i wish i knew more about stocks and shares to make better decisions

Biggest investment yet and very worried

After having a couple more hundred pound loses, i have finally decided to put more in £3,000.00 more to see if it makes any difference, the money has gone in not to get more out but to keep me propped up when prices fall. I am still going for small investments ie 50pence as i know i can lose up to £800 or more even off 50p because i have done it.
I am hopping by having more to start with it also allows me to buy several shares with different companies just so if some go down with a bit of luck the ones that go up will cover my losses. When i have been buying in the past with just a few hundred to play with my maximum being £800 i have found it is just not enough to keep me in the market for long if prices dip, i have always thought by having a bigger buffer to cover the prices dropping i could do ok.
I just hope i was correct i have never felt so worried about investing so much, my first goal is to still be dealing in stocks this time next week, i never seem to go beyond a few days without losing everything and this time i really can't afford to lose so much.

Monday 23 May 2016

Another £250 lost

I have a confession about 2 weeks ago i managed to get another £250.00 together and managed to lose it in a couple of days, i did't want to post it just because of it showing how bad i am at this, it isn't really bad it's beyond that. The worst part even though i have earned the money i feel awful thinking about what i could have treated my girlfriend to with the money, but i keep telling myself if i can make this work or learn how to trade then i will be treating the girlfriend later on in life, by treating her or us i just mean days out or more than a 4 day holiday each year, i am not talking about fast cars and big houses, that just isn't us. My main goal was to just make this trading work so we have a steady trickle of income when we retire, but i can't see any light at all in that respect. Sometimes i want to quit but at the same time i don't want to give up all i am trying to do is make money from money and not have to work for it like i have done for the past 34 years.

What went wrong this time? Well as usual the minute i traded one direction it went in the other i think it went to minus £60 straight away, i decided to cut my loses and trade in opposite direction and guess what you guessed it, straight away i start losing again, it seems funny i could watch the direction of shares for a few hour but the minute i buy shares it doesn't just crawl it shoots in the opposite direction nearly every time.

I am still convinced i need two to three grand to be in this game and just by shares for 50p or a pound at a low spread, i just need to find a way of getting 2/3 grand, yes i could borrow it but i really don't want to be paying a loan off if it all goes wrong.

My other worry is the EU referendum is in about a month and there is a chance the UK could pull out of the EU, if this is the case then stocks and shares could go mental, but which way?? There is one sure thing which ever way the shares go you can bet i would have traded in the opposite direction.

Monday 9 May 2016

All Done

By 11am this morning bar about £25 it had all gone, will have to wait now until I can get some cash together to try again

Sunday 8 May 2016

I actually have £130 to play with

Just checked account and i did have £60 left on Friday so topping that up with what is left in bank this month it would be interesting to see what i can do with £130.00 next week or if i can make it last to pay day at the end of the month, it would be nice to still have it on Weds night let a lone pay day

Skint again

Should have posted this Friday, not that it makes any difference, basically stock went wrong way as per usual i tried to top it up with more funds but still lost everything again. What really hurt is the stock changed direction not long after and if i had topped it up a little more i would still be trading on Monday, it's the same every time i just don't have enough to keep me in the game or stay afloat when the stock changes direction. Two to three hundred just isn't enough you need at least two to three grand to stand any sort of chance to trade, my problem is i keep thinking maybe i could earn the few grand off the few hundred but i keep failing, i must admit that it is not just the lack of money i found myself yet again ignoring my simple rules, this time i invested a £8 trade instead of 50p or a pound and lost a good few hundred on Friday by doing so.
I know what i need to do before i start again and that's either save or borrow 3 grand as it is a lot of money to pay back i don't like the sound of borrowing it just in case i lose the lot straight away. Need a few weeks off now to rethink, i feel i am so close in knowing what needs to be done but just need that first lump of cash to start me off.