If you are new donāt be buying individual stocks. Buy an index fund like the S&P. If you are worried about a loss of less than Ā£6 you will not last long. You need to build a risk tolerance, donāt be afraid of fluctuations. Stonks only go up.
This is a great chance to buy more. The stocks are on a flash sale! See it as great news.
Yep I had a great shopping spree this morning
Think of it as a SALE for stocks! It happens every now and again and it is the best time to buy those stocks you have in your watch list that you couldnāt afford before . For example, legal and general looks good right now
Haha I know right? I was eyeing up p2,700 sort of range⦠oh well
ESPO and FCSS ETFs on a nice sale. Arguably more risky ones but BP and HSBC too.
You should be prepared for stocks to fairly regularly correct by 10% or so, and they can crash 30-50%. I personally only invest in companies or indices that Iām prepared to hold for the next 10-30 years, as they can be red for a decade. Look at Microsoft after the dot com bubble, I think it was red for 16 years, excluding dividends.
Of course the stock price is only one aspect, I think itās more important to focus on the underlying business.
Just because itās pennyās to you it could be a lot for someone less fortunate than yourself. Never look down on someone!! And donāt belittle them on a public forum offering a donation to make yourself feel like a bigger person. Hereās hoping you donāt have a red day
Sometimes harsh words have better impact then sweet talk.
This is real money involved and if people donāt get mentally equipped, serious damage can be doneā¦
Harsh words or not the guys new and getting belittled and spoke to like heās a nobody for worrying about his investment. A sore jaw wouldnāt go a miss where Iām from
Thanks for your support mate.
I will just wait and see how things turn out. I can actually see itās going back up now so fingers crossed.
Itās the right thing mate.
People want to get off their high horses at times because they never know what tomorrowās going to bring
And please avoid keeping an eye on your account it will give you indigestion and possibly a heart attack When you buy, forget about it for a while and only do regular checks at reasonable intervals like quarterly or bi annually.
I think thats actually the mistake Iām making
Iāll try not to keep checking the app!
Just look at FTSE general trend, just hold. The stock market cant be allowed to stay too low long term itās influence on the economy and pensions is too intertwined.
Spend 7 months heavily in the red before turning a profit will make this all look like a fun ride.
Have you been through that?
@Richard.W The person has the word āTRADERā in his username, he clearly knows better then others what heās doing.
One of my long positions took a 70% dip averaged down over 7 months and made a 18% profit in the end. Had I held it the 2weeks I planned on after that point and not needed to transfer funds it would have been about 40% profit.
Your first major dip helps you worry less about the small ones
And you have lonely in yours. You must be a lonely person and has no life.
Well played