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, 23 May 2016
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.
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.
Thursday, 5 May 2016
It gets worse
Finally lost the lot AGAIN, right down to £30.57, had to withdraw £200 from bank to start again
Wednesday, 4 May 2016
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.
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.
Tuesday, 3 May 2016
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
Next target is to try and get back up to £600
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