Hey I'm an FD which pays the bills and shares are where I'm trying to make some real dosh. I play with circa £10k on a CFD account and have a SIPP where I manage my own pension - I get my kicks this way and try to be diciplined about the pension so I do not move the whole funs in and out of one stock !
For my SIPP I divide the pot into 10-15 portions and these are my purchase sizes .As I do better and as I my fund grows from my monthly contribs so my punts increase in size naturally. I occasionally would put 2/3 portions into a stock for atrade but not very often. Keeping mostly cash as stll do not trust the mkt and am about 50/50 nvested.
I short mainly in my CFD account as longing is too expensiv to run . Got singed going back into the last rally too early and then took a break as everytihng I touched was going completely the opposite direction to what I expected. My timing has stunk of late . Short TPK at 1108 and got out at 1140 ish before erm it fell to £10. RTR closed a short flat at 230p erm 190p now ......
As for explaining what I do its easy enough, my wife and in laws know what I do and have no problem cos they know I am sensible and not likely to lose the house etc. Made some great money early this year having 8 bagged my margin account cash from its low - although I have given back a bag or two over last 3 months.
Having taken a break and hence why I have not posted here too much of late I have watched my favs be trashed and missed out on em ! But as every good trader knows there is always something to go at and chasing things despereately to make things happen is the worse strategy of the lot. Keep watching and waiting and strike when an oppo arises - they happen all the time just gotta be patient.
I would love to do it full time but I do not have enough capital to do it and pay a big mortgage, pay for a wife and two kids etc. You have to start with the right base whereby without being crazy you can make enough to live and slowly grow yer capital. Then it will snowball as you learn. However if you start off with too little you become desperate to maek big money and then take crazy punts and then its just a vicious circle downwards.
I have to say the last 3 months has been the hardest Ive seen for 2/3 years cos there is no direction and shares are all over the shop doin gthings at random and not reacting to news as you would expect - may as well toss it in on red or black and hope it moves your way is all I can say.
Anyway i have also been working hard at work with a new job and so cannot watch the screens as much as I would like and be truly in pulse with the mkt - hence my breather.
Still I have started shorts on DXNS and BSLA as i think the retailers are gonna get sold down further yet. shame I set up a whole porty of em to short about 2 months ago but never got round to shorting em then and the mkt rally just goosed my head and I forgot to look through the mist and see they were going to get tonked - would have been to nice to get DXNS and 160p odd .......
Sorry to rant but well its quiet at home .
Happy New year and Christmas one and all on here. Excellent thread which again i do not get enough time to read these days.
