Really useful that one, just for you, it gave you something to moan about. It means you can save energy right there and discount the whole list.
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One of the classic technical charting indicators points to BTC top at $320. Another, around $100.
There are billions waiting to sell at $100, which could crash the price - for a while anyway. It would make sense to sell some at $99.
Remarkable day today. 150% in the trading account, and ~about 70 in the S&S ISA.. I didn't get it all, but even so...
- Strange you were looking at NuScale - so was I, because it shot up. I've been playing with MACD and its settings, which I thought indicated the stock was going to dive where it did. That gave a good trade to start the session, about 12%. (x5 per usual).
I don't know if you'rve used macd a lot or none, but the difference shows the lower one is better for scalpy trades.
It helped the decision to get in early, I closed when the trace cut the green trend line, near where I guess you entered. You didn't go short, did you? I remember thinking it would probably grind its way back up, when it was clear it wasn't going to make a V, so I left it. I was elsewhere after that.
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ANdy - you'll probably see nothing on those macd lines, it's a bit subtle. Basically they indicate a change in the rate of rate of change. A double derivative, if you can remember your maffs. The slight differences in the wiggles above "11" are signficant
Brokers/platforms,
For a start use a practice one - those are free and you lose no money at all. It's imaginary money so you don't make any either.
I'm looking for a better platform for daily stuff. The ones I'm using are crappy!
I've looked at a few of the "free" ones, they're generally rather noddy, or dire to use.
Mosty I've used eToro and Trading 212.
I can give you a list of faults with both of them.
Each does things the other doesn't.
You can't trade cryptos on T212, but they have a range of ETFs , which I prefer to use anyway. EToro's ETF range is more limited, but that may not bother you because you shouldn't be using the fancy ones yet - you'll lose your shirt.
It's too late to muck about with Bitcoin, perhaps, it's at 88991 as I tap, and will be doing odd things at 100k.
You don't want to buy at a peak.
T212 is better set out, eToro is very odd, many think. You get used to them of course but to my mind eToro's is stupid.
EToro DOES have both take-profit stops and stop losses,, on the part you'll use.
T212 only allows one not both.
eToro also allows trailing stops.
T212 has those on its CFD platform, but stay away from that for a while.
On eToro it's free to go short over night if you're not leveraged. You can't do that free on T212.
I expect you're confuddled by now.??
FOr long term stuff I use T212 a bit, Hargreaves Landsdown a bit, a couple of banks a bit, and Interactive Investor. You can have shares at all those but most are slow/ too few fancy features,
I still use banks because I wouldn't trust T212 not to evaporate. Many like them are East European run. They are "EU/FCSA" regulated, but .....
You're right, if you have a squillion quid somewhere not only does the rate of fees drop, but having them easy to get along with is more important, plus the range of funds.
You can have several brokers - it's free for the beginners' ones.
The easiest half-ok one to start with I would say is T212, if you want to buy and sell a few shares.
Their help people are equally useless. I asked someone at eToro if I could have white on black instead of b on w, and they didn't know!
If you want to do what I do, using leverage at 5:1, you can wait until you think it's going up - based on a few things.Atthe monet it's usually a no brainer - it's likely to go up most days. For Bitcoin you would use one of the ETFs, which go up faster. MARA is one I use a lot, sometimes MSTR or COIN or HUT8. You can do this at either eToro or T212.
Then with say £1000 you "open a position". which can be (nominally) up to £5k
using your £1k.
MARA often goes up 8% if bitcoin goes up not much. So your £5k goes to £5k + 8% = £5400.
Then you close the position.
You have made £400 on your £1k. which is 40%. (also 5x 8% = 40% of course.)
Most days there's a stock from a predictable few which rises or falls significantly. Often a bitcoin one. At the moment we're spoilt for choice - bitcoin relateds or Tesla or a chip stock, often Nvidia. Or Google or Meta or Palantir.. Or stock afer good earnings results, or Elon gurned or a Boeing door hinge was faulty or someone got sick in McDonalds or an orange clown got elected.
Work the numbers - if you get 20% of change, spread between a number of stocks, (up or down doesn't matter) then at 5:1 you've doubled your money. I don't want to make it sound easier than it is, but when you're getting free advice what stocks to be looking at...??? How many days....?
