Thurs of week 4

Still  long way from making money at this game and very close to losing the lot again this morning, it still could happen i am sat holding shares in the UK100 being worth minus £14 which is a god send considering they went that low an hour ago i had to transfer another £100 from my credit card to keep hold of them, i can't remember the figure but i had close to £50 left in my shares account and very nearly lost everything if it wasn't for the £100 top up.

In total now i have used £200 that i need to pay back to my credit card if i was to be playing with just profit money, ie no loss to myself. My Equity on the shares account is £323.77 with £215.51 being available to withdraw if i wished.

So after 4 weeks out of the £323.77 i have in shares £100 was given by the broker and £200 i have put in which leaves a profit of £23.77 in 4 weeks, not  really what i was hoping for.

Being off work again this week with a chest infection has given me time to look at how to invest and i must say the time it takes isn't worth it along with all the worry ect, however i have learn't there are simple rules you must stick to to have any fighting chance, but   even then you could soon lose everything you have invested in minutes.

End of week 3

After being up mid week i bought  shares that i didn't know had a high margin and as usual the second i bought them they shot down, i am not happy with myself because i was up i wanted to be up more and in thinking that i ended up on weds eve with just £66.

Having got £66 i couldn't buy anymore shares Thursday because i didn't have the required margin, so in order to carry on i have had to put in £100, this leaves me £100 down until i pay that back

The good news is that i have now received back the £200 i withdrew from the share account which made it possible to take the £100 out again.

Currently my share account is at £166.34 but i do owe the bank £100 of this so i really have £66.34 and if you take into account the broker gave me £100 to play with i am actually £33.66 down.

My goal is to try and reach £300 over the next month (end of Nov) so i can put the £100 back into my bank and then have £200 to play with 

Half way through week 3

Being off work ill this week has given me chance to look into how things work a bit better. I have managed to hopefully pay back what i borrowed off my card to start buying penny shares, i say hopefully because i haven't received any money from the broker yet, but iam told it usually takes around 21 days, i won't be investing anymore until i do receive the £200 back.

Iam currently £28.76 better off from when i first started two and a half weeks ago, the money i have to play with now is the £100 the broker gave me for joining but this can't be taken out and i had to put £100 of my own in to get this but have now withdrawn that back

So as it stands midday through the middle of week 3 i have £103.76 to buy penny shares with of which i can withdraw £28.76 to my bank if i wish, so far it is looking better than this time last week.

Week 2 maybe not for me

After what i felt was a good week (last week) i have realised you really do need money to make money, i feel i don't have enough at the moment to be playing the stocks and shares game, not only do you have to invest you also need cash ready in case you share price drops as one of mine did this week and to be honest i managed to only just get through the week and hold on to my shares by investing yet another £100 pounds on weds, if i hadn't have done so i would have lost the lot.

It was my fault by not knowing anything firstly i made the mistake of buying by impulse without looking what was going off and thinking the UK top 100 was a safe bet, what i didn't know among other things was that the Goverment had just sold off the last Post Office Shares leaving me in a bit of shit. I was actually in a position where i had to stick another £100 in and hope i could at best make a penny if i was lucky.

I held out and on Friday morn i could have pulled out and sold shares at just a £7 loss, but no i knew better and held on through the day knowing the may climb and i wouldn't have any loss, i waited until closing at 8pm and decided to sell at £30 loss. You may think why didn't i carry them over the weekend, i figured it was worth £30 not to worry the whole weekend after i spent the whole week worrying and nearly losing £200 at one point and nearly having to put another £100 in.

I am not sure i can justify the time wasted and the stress over making a few pence or losing hundreds of pounds, i know it would be a different game if it was thousands i was playing with because it justifys my my time, but i don't know if i could cope with the stress of watching thousands of pounds going down and not just hundreds or less.

Bare in mind i borrowed the £200 from my credit card so it isn't money i should be playing with, i have now transferred the £200 back onto my card and am left with abt £100 or just under that i got for signing up (this can't be drawn but can be used to make money), i may play with this for a week or until it runs out.

I needed to share this because i would hate anyone else going in thinking it is easy to make money, i nearly lost £200 in one week through picking the wrong stock at the wrong time.

Week one 24.47 up

Started off investing £100 this week and made £24.47 profit