Wello,
Well obviously this is a gaming orientated forum and I understand this but some people here might have some interest inside of the Stock Market. I just wanted to start of something as I'm quite new and there might be some people out there that can help myself and maybe start a group or something, I dunno.
For years, my father has always talked about the Stock Market and more to me and really it could be the reason to why I went into business and such. It's always fascinated me that the whole economic system is based somewhat around it.
For this reason, I have started looking into such things like IGindex and such services where you can do spread betting. Yes this might be deemed gambling but it's in your favour when you do you "homework" and have mathematical strategies.
This thread I would like to update my own positions and my theories about how things are going and what's going to happen. I have interest inside of the technology side of things but obviously as a day tradder I have to take account about the economic Indicators which can effect the FTSE and Wall Street.
People say why not get a Proper Job, here's why..
If your a gamer like me, your on the PC a good bit, enough to say that you play games more than the average gamer "Not person" therefore your on the PC for a good bit of time. This being said, people who are good at games, tend to play Poker and such and try to gain money this way "as it's and and such."
Now Spread Betting is pretty easily explained here :
http://www.igindex.co.uk/spread-betting/about-spread-betting.html
So really your own knowledge is really all you need but obviously grouped in with alot of people and you really could start something.
Example iPhone 4s has sold 200,000 units in 12 hours, fastest ever according to Reuters and more and Wall Street is predicted to go up "Is 130 points up in Wall St" which would be a good indicator that Apple could follow that.
My prediction is it would have to go up with this positive news and therefore I would put in a position that it would go up. I'll make an update to see if I was right.
This is a big forum and we all have opinions and such. If people are interested, make yourself known and yea, see how things go, i'll be posting once a day or maybe more in regards to this.
TLDR: Basically want to start Spread Betting Indices and such and would welcome the community who are interested to post your opinions
Video UPD ATE October 12th 2011
http://www.youtube.com/watch?v=3j0-WqAgeKk
12th October 2011 : This is MY prediction of what is going to happen for to day
http://uk.reuters.com/article/2011/10/11/markets-stocks-us-europe-idUKL5E7LB1FT20111011
The S&P 500 is showing a loss which would indicate the Wall Street is going to go down. This is because the ECB said the current issue could spread, no shit...
At this stage it's Earnings day and it was going pretty good @ 9pm but it starting to look like it's starting to not look so good and the IGmarkets is showing this information as a -77 loss already and the markets aren't even open.
It would be logical to believe at THIS current time of 2.30am GMT, the FTSE could go down by fears of the S&P 500 predictions (people do follow this and technically I am.) The FTSE is tracking Wall ST and therefore, if there isn't news that Slovakia has agreed to the ECB Bailout, then uncertainty will start to come around the Market.
Wall St and America need to throw in some good news and really the Earnings aren't cutting it at the moment. People are starting to look into new ways of investing money and it's coming to the point that people are investing in Wheat and Corn and other Commodities. Why? Cause there is always a demand for the Commodities like Gold because (It's shiny and looks awesome to wear because alot of people like to show of wealth.... picture it how you want)
I believe for this reason the FTSE will open down and therefore @ 7.59:45, I will be putting a 10 point Sell Order below the Current Price at the mentioned time because the Points are going to go UP or Down one way or another. If it goes up, I'm wrong but have loss nothing but if it goes down, then I should be all good, just watch out I guess.
Wall Street could follow the FTSE also which means if the FTSE doesn't show any good news in any form or way. I believe Traders will be selling of their stock out of fear therefore Wall St will fall down but it will go down too far and therefore a YO YO effect will take place, how many times it goes up and down , well that's a question we will find tomorrow.
It would be logical to believe that with the Uncertainty of the FTSE that Gold Prices could go up, but that's in the basis that in the next 6-12 hours, that the ECB don't agree on anything and also, Wall St don't gain great information, but I'm going to stay away from this but if I was able to wake up @ 7.45, if I saw no news regarding the ECB bailout, I would be buying Spot Gold.
edited 2011-10-12 18:06:00 
bwdcoldbolt on 2011-10-10 14:29:13
Apple went up 1000 points, if you had put in £0.24 per point, that was you up £240... meh.
I had talked to my dad that Alibaba (Chinese Portal for Wholesaler Site) was wanting to work with a company to gather 20 billion dollars to buy over Yahoo, thought it was going to go up. Position to open would have been setup to get me the best price possible. Went up 52 points but now as went down to 36 but as soon as you saw it open up higher than 40 points, you woulda sold just to gain a small profit.
£500 in the account now, lets research more news
FTSE closed, all banks up. If there isn't any bad news inside the next 16 hours, i'm nearly certain the Markets will rise again and the rally should continue. I'm tempted to set up an Open Order but I think i'm going to setup an Open Order at 8.29:30 10points above and below the FTSE as it stands, it will only go one way.
Talking to tRANCEuk atm and we're talking about Technology at this stage, suggesting that 3D Televisions are going to become the normal in the future, as they become more known, eventually it will only normal to have a 3DTV inside of the house, we had normal phones, now it's smartphones.
Regarding Computers, AMD has been talking about the Bulldozer range for a good while. As we can see, there are going to be processors as strong as the i7 990x in every way for only 260 dollars compared to 800 dollars, so the high end market may take this in. If they can get the CPU's out before christmas, this could be a break for AMD, watching currently.
If anyone has info on AMD, your comments are very welcomed or why Intel is going to spring back
www.risk.net/
Quite interesting stuff ^^
Well doing a little day trading and because of a mishap i'm really going for a demo account for a bit to see how I would do. Looking at the Eurozone, We're probs going to see all 18 votes but the FTSE is on a low because of Slovakia not being able to agree (4 parties) whilst some of the members don't want to agree on the Bailout. Thou Slovakia has signed a declaration of obedience to the agreement to the bailout, if they vote no, basically the Government could possibly fail.
How i'm understand it is after the fail, somehow a new party will be formed and will agree on the bailout therefore the bailout will pass, this will bring up the FTSE and with it, Wall ST, it's just when
edited 2011-10-11 12:45:11
ot, messing around on the stock market is pretty fun, i've been doing it for a while now. you can make moderate amounts of money pretty easily. a good company to go with is arm technologies, they're defo on the up
Wall Street
Basically just getting used to all the tools today, did some opens, made about £400 but by getting a tool wrong, it made me do an opposite position which made me loose £400, so potentially gaining £800 back to £400... great
Couldn't press 10 fast enough so just pressed 1, was well too low at the time and using charted information, it just didn't add up that people wanted the Wall ST to go down, this was trading in high scale and it paid, £41, if I pressed 0, another £400, meh
Now I thought at the next point, it was going to go down down and down but I put a stop loss of 100 points which saved my ass, I could have made £400 again but I got greedy so I waited and it ended up going 70 points the wrong way, nearly loosing £2000 but it never could get over it's high point which I was hopping it wouldn't, I should have shorted there but I guess I was nervous. it went down to -10 the wrong way for me and then at one point got me £250 but inexperience played and I didn't sell out, went to -£200 and I said fuck it, it's going to go back up.
Note: I believed a yo yo effect was playing and literally was punting on it doing a yo yo effect again, I clearly got this wrong but without the markets actually being opened, I couldn't see it going up amazingly high until 2.30. This is why I waited.
New Position in (going long) and my god if I waited I could have made £2000 quite easily, the position was save guarded 100 points the wrong way (Down) and it went down 75 POINTS, Nearly shat myself but went, no it's not going to go this low, Solvaki will have to agree one way or another and earnings aren't as bad as expected, I'LL BUY IN MORE, so bought in AGAIN and it also went down 15 points whilst my other position was down 90 points but stayed with my instints..... profit..
More earning reports came out and the tradders had left, it went up very well for me and I bagged in £700 and £1791. I am using a CFD account and was pretty much buying 100 contracts at one time, scary shit but i'm up £2,300 atm.
I'll update this everyday, scary shit, wouldn't advise it unless you do your homework, play with a demo account until your sure your ready. I will only use real money when a market is starting (Opening) as I believe I have something going my way which I have got right 8/10 times
edited 2011-10-11 16:34:52
Well I'm doing this all on IG Markets but I prefer IG Index but hell they won't let me have an account there so i'm having to trade CFD's :/
I would go onto IGindex, Apply for an account and then taking their Trade Sense Program. It's probably the best way of getting started. I also advise finding a FTSE website where you can read up on information regarding businesses and such (Moneyam, Bloomberg.) IGindex also gives out the Economic Indicators so you know when such things (Jobs Index and such) will be coming out which effects the Stock Market.
I advise finding a demo account to play with first and I'm doing this with IG Markets, my father says you can use IGindex but i've already setup. You start of with £10,000 and you don't have alot of restrictions. You just can't trade with America and such (AMD and Intel and Oracles is US absed)
After that it's really up to you to find out how interested you are, maybe you should find 3-4 other people and talk to them also, just enough to help :D
www.amazon.co.uk/Mastering-Derivatives-Markets-Step-Step/dp/1408221594/ref=ntt_at_ep_dpt_3
order that, read it, take up classes, and don't waste your student loan on something until your ready =]
Edit:
bwdcoldbolt, initially i was rejected from IG too, ETX are more relaxed though, just tell them you have a few grand in savings and they will accept you, but be careful ^^
edited 2011-10-11 20:48:02
Everything I'm doing, I am doing exactly the same to which I would do, I have lost money in my real account on my first trade of only £20. I then went, I need more practice and such but I wanna use the same Strategy and trust me, I have got real nervous, because this money is actually being given to me, therefore I have big incentives to do well.
This is why I'm using a Demo Account and trust me, I have been applying Strategies and such and looking to charts, the exact same thing I have been doing. But it's true, when it's down 80% I might go down but looking at the charts, I had enough confidence and actually put in more money in such a bad first position... which has worked out to my favor, this will be in my next post.
My father will be putting money back in but for now, I'm really just learning and maybe, just maybe I might be able to create money from the Stock Market.
btw best site for news that you wont get anywhere else: www.zerohedge.com
hf being hooked on it
I updated when I created £12,300 and thought 20% was going to be pretty dam good today. Whilst the FTSE closing and the Wall Street staying open, there has been a YO YO effect which I've literally been playing on. Been using very big stop loses to make sure I don't get stopped and trust me, it's been saving me. I feel the YO YO effect will be here alot of the night so for 4 hours I was playing with it, Shorting when it got at it's high's (looking at charts) and then putting something like a 50-100 point stop loss, could go completely the wrong way to a certain point but sometimes you have to believe in yourself.
So I think about 3-4 times this happened and made £300 here, £100 here and such. But in the last hour, I believed Wall Street was too low, therefore I bought, but about 20 points from it's LOWEST which played against me. I was at a loss of about £1,200 and went, no once again the Wall Street is not opened and tradders like myself will not allow this to go down anymore, bought another 10 points (100 contracts) and what do you know, it goes up after 20 mins, few.. great having friends.
My Second Position went up £1400 and I was really happy with this so I sold and then my intial Position went up £400 which was a nice save. I had to get my ready to go out tonight so I thought it's time to go and it actually worked out that it went up a little more but I was happy enough.
So I'm not up 50% inside of 12 hours. Go go go tomoz
Up £15,645
edited 2011-10-11 21:27:31
edited 2011-10-11 21:28:20
Interested or just passing by? :D
A person from Ireland, this could be interesting, I'm from the North so we're not to far!
Getting to the point, really start using a Demo account but do use some sort of tutorial system. You can use IGindex or IGmarkets and they have a Trade Sense Program which could help you.
Illustrated in the Video on my OP, really your going to know more than you think, example; are people going to be buying AMD Gear, Intel just brought out Sandy Bridge not so long ago or has the blunder of the Sata controller, really made people wait for AMD. My answer is people will buy AMD gear as it will be cheaper and it's coming up to Christmas, Intel really opened the doors.
iPhone 4s, we have seen in the last couple of days it going up and down and trust me I have been following it. People thought it was going to crash but do you really think Apple was going to let such a big business be swallowed up by the Stock Market, they were months ahead of the price and swiftly got the new CEO in. The price went down slightly as if Steve Jobs was still alive, then his input would still have been put in the company. Whilst watching the Live Blogs the day before hand, it was clear that the iPhone 4s was coming out and it was going to bring disapointment, price obviously went down.
But wait.... the iPhone 4s sold more preorders than any other iPhone ever made, surely the market was over reacting... yep correct. A correction basically was made as people still showed a demand for the product thou it has opened the doors to competitiors but in reality, it's not going to kill the company, it only mean Summer is going to bring out a new iPhone 5, just how good will it be... knowing Apple, it's going to be huge.
Now I never got a Degree in any of this, it's really thinking to yourself and going, what are other people thinking, will your family be spending money today, where and why? It's really taking the obvious things and building from it
TLDR : No matter who you are and what you do for a living, as long as you can think and build on those thoughts, there is nothing stopping you from doing well here
http://uk.reuters.com/article/2011/10/11/markets-stocks-us-europe-idUKL5E7LB1FT20111011
The S&P 500 is showing a loss which would indicate the Wall Street is going to go down. This is because the ECB said the current issue could spread, no shit...
At this stage it's Earnings day and it was going pretty good @ 9pm but it starting to look like it's starting to not look so good and the IGmarkets is showing this information as a -77 loss already and the markets aren't even open.
It would be logical to believe at THIS current time of 2.30am GMT, the FTSE could go down by fears of the S&P 500 predictions (people do follow this and technically I am.) The FTSE is tracking Wall ST and therefore, if there isn't news that Slovakia has agreed to the ECB Bailout, then uncertainty will start to come around the Market.
Wall St and America need to throw in some good news and really the Earnings aren't cutting it at the moment. People are starting to look into new ways of investing money and it's coming to the point that people are investing in Wheat and Corn and other Commodities. Why? Cause there is always a demand for the Commodities like Gold because (It's shiny and looks awesome to wear because alot of people like to show of wealth.... picture it how you want)
I believe for this reason the FTSE will open down and therefore @ 7.59:45, I will be putting a 10 point Sell Order below the Current Price at the mentioned time because the Points are going to go UP or Down one way or another. If it goes up, I'm wrong but have loss nothing but if it goes down, then I should be all good, just watch out I guess.
Wall Street could follow the FTSE also which means if the FTSE doesn't show any good news in any form or way. I believe Traders will be selling of their stock out of fear therefore Wall St will fall down but it will go down too far and therefore a YO YO effect will take place, how many times it goes up and down , well that's a question we will find tomorrow.
It would be logical to believe that with the Uncertainty of the FTSE that Gold Prices could go up, but that's in the basis that in the next 6-12 hours, that the ECB don't agree on anything and also, Wall St don't gain great information, but I'm going to stay away from this but if I was able to wake up @ 7.45, if I saw no news regarding the ECB bailout, I would be buying Spot Gold.
edited 2011-10-12 03:48:33
4am: Fall asleep
11am: Wake up and do a couple of things around the house.
1pm: Get the train to Glasgow. Wander the city for a bit, browse some shops and get some lunch. Head back to my flat and potter around for a while.
4.30pm: Go to 5-a-side league and performing quite fantastically.
6pm: Meet up with my girlfriend and head back to her flat. Stop at Tesco to buy something cheap and unexciting for dinner.
8pm: Sit eating my dinner in my girlfriend's flat while watching something rubbish on TV.
11pm: Get dragged to bed by her.
11.10pm: Try, and fail, to have sex with her.
11.15pm: Try to sleep.
11.30pm: Try again to have sex. Try again to sleep.
11.45pm: Fall asleep
12am: FTSE MAKES $1,000,000,000,000.
edited 2011-10-12 04:25:04
I suggest you make your sens higher because right now it's pretty low.
Oh if I was only awake, would there be more inside of my balance, o well life goes on.
Basically Solvaki actually said no to the ECB which in reality should have brought the Euro down but seeing as this sparks a new election for the country, this will mean they get another chance to say yes and the party which takes in charge will say yes to the Bailout which will then help to safe guard the EU.
This will be passed on to the Wall Street so i'm going to setup my Camtasia and show you what I at least do.
So the FTSE did go down in the start of the morning to -34 which meant I would have gained 22 points. Nice going and with the FTSE going down, Gold went up! O well..
Well i'm going to bet on the Wall St going up now, Earnings Reports looking good and Wall St will follow the FTSE, or so I hope.
Basically the idea is to use everyones mind to think if something is a good idea, like AMD, should people be buying into it now since Bulldozer has just come up or is that a bad idea, we never know :D
http://www.youtube.com/watch?v=3j0-WqAgeKk
Hope you like!
edited 2011-10-12 18:03:08