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

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.

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.

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

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.

It gets worse

Finally lost the lot AGAIN, right down to £30.57, had to withdraw £200 from bank to start again

Did i say all good, that was yesterday

True to form managed to take my funds from £400 plus down to £80 today, not only very bad judgement again i only have myself to blame because i didn't follow any of the simple rules i gave myself i just went on gut instinct and the day just snowballed in to a massive loss.
Not making excuses i do find it funny that it seems if a stock is climbing for a long time the minute i trade on it it goes in the opposite direction and not just a bit in the opposite direction a hell of a lot. Sometimes i change the trade to go with that opposite direction and then it flies back up against what i have traded, this has happened a lot in the past and does make me wonder if anything is rigged.
Lets see if i can do anything with my £80 tomorrow.
I would put the whole of todays losses down to not sticking to rules i had set myself and being too keen to want to trade when there was nothing there for me.

All Good at mo

First day back from bank May Day Bank Holiday and after building shares up from the £200 i put in a few weeks ago i have decided to withdraw the original £200, so what ever i lose now will only be what i had made anyway. I am currently back to £420 which is twice as much as i first put in a few weeks ago so i can't grumble, but i am very wary this could all go in less than a minute if i am not careful, i will just stick to the new routine and keep fingers crossed.
Next target is to try and get back up to £600

Here we go again

Started off again with no where as much as I would like to, just because I don't have it. I have stuck £200 into account during the week and finished week at £350.00 so not a bad start, I am trying different methods by watching utube videos and from lessons I have learnt in the past, hopefully I should get better only time will tell, it would be nice to still be trading in 2 weeks or should I say have some money left to trade with.
The main things I am trying out now that are different is to trade on short spreads, try to go in and out quickly if possible and aim for a 3 to 1 gain and then pull out. I have found plotting trend lines very useful to. Like I said only time will tell if I am doing it right or if I just had a lucky week.

Not given up yet

Still nothing exciting happening here, in fact since my last post i did get around to saving £800 and investing it, i think it was on one of the worst days/weeks the stock market had had in years and guess what i watched my 50p transaction fall to minus £800 yes i lost the lot in one afternoon, proving i still have a long long way to go.
I still am of the thinking i need at least a grand to play with and an extra grand or 2 to keep the transactions flowing when the price of a share falls. When i lost the £800 if i had had the extra it would have kept me afloat until the share price raised again a few days later. The only thing that worries me is would it have taken all the spare money to keep me afloat as well.
I will be trying again as soon as i get another grand together or even better 2 grand to invest, after watching a Tim Sykes youtube video i do have i little more insight and things to try for next time round.
He has explained that it's best to trade when stocks are volatile also to look at stock as bouncing ball and ignore trading when ball is at end of bounce. He also suggests collecting money once you have made 3 times as much ie a 3 to 1 risk reward so if it goes from 10 cents to 35 cents a share you pull out making a 30% profit.
The only thing i am nervous about with Tims advice is that he says you should invest half your money to get a better reward, ie if you have 2 grand you invest one grand to make bigger profits, as i am struggling to make anything off 50p shares and losing £800 from them i don't see this working.
I really need to learn how to set a lower closing limit.