Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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That's the reason I've been so worried about placing out of hours orders I suppose? Just doesn't sit with me but I'm so worried about pulling the trigger after being burnt on my first day, maybe Im looking for an easier way even though I know in my head that there isn't one...
just keep learning cautiously I suppose and don't trade what I'm not willing to lose.
Good advice though, thank you.
3o mons. Dam phone.!! Lol
I know exactly what you men though! First lot I bought here I did in the last minute of trading, thinking I was being clever. When I clicked buy it was on 94 I think but as I clicked it jumped to 97 and then dropped straight to 90 but I got the buy at 97! So serves me right I suppose. Got another couple of buys in at 84 and 81 so not all bad...little minnow stuff but a profit is a profit.
Living and learning but not this time of night and especially after a little night cap! ??
I definitely take on board what you, @Investroid and @faustus say about the spread and cfd's... I'm here to learn after all so thank you all for the help and advice.
Jega, there's nothing wrong with placing an order out of hours but always set a limit price. Otherwise you could be exposed to a wide spread on opening. If you place an open buy you get the open price. There will be limit sell orders out there and if its an illiquid stock you could get wacked. If fact its so dangerous I'm surprised an account would allow it. I don't know, not something I look at.
I often use limit orders but only when the market is open and valid for the day. It's a good discipline. I've heard people on these sites posting their buy in price (as if anyone cares) without actually placing the order, then bottle it when the price is crossed, only to cry when it runs from them (again as if anyone cares). Whether you're a trader or longer term holder you should understand what represents a suitable price based on your assessment of the stock. If you cant make that assessment you shouldn't get involved.
Correction 3o mons. Dam phone.!!
Faustus,
Good point on the first 3mins, personally I have a rule that I dont buy before 9am unless it is a stoner Waller on the charts. But good tip. Stocks in first hour can be so volatile.
@jega - welcome - Have you tried the 'share fantasy game', which this site offers ? CFD's as a newbie myself I wouldn't touch them. There are some excellent posters on here - one I recall advised to 'wait and see' what happens in the first 30 mins of the day. If you're going to buy now - then good luck, as you've got to have brass b***s - imo. If you're investing in AIM - I no longer put stop losses on, as the share price can fluctuate wildly in a day, as the MMs have the financial clout to push a share px down or up, to sweep up PIs. Don't forget - only invest what you can afford to lose... DYOR - IMO
Agreed, that spread is ridiculous, especially since the buy price at close was just below 89p so you should be able to buy on the open market for that price.
I'd open a Stocks and Shares ISA with a reputable broker such as Hargreaves Landsdown or IG Index and execute buy and sell trades for Cineworlds shares.
Jega,
I would ditch what your doing and stay well clear of CFD's you have to know what your doing with them. Very risky.
I would open a shares isa and just learn to chart shares and understand how they work.
Spread of 5% is ridiculous, surely this cannot be right.! Were you betting per pip or long and short.? Either way I would ditch it. Just stick to simple buy and sell.
Welcome and GL pal
Hi everyone, I'm new on here and new to trading so be gentle!
Already got burnt in Oil cfd's after following advice from someone close to me 'who knew what they were doing' on the day of the negative prices!!! so you'll understand that I'm rather cautious now.
I've bought bit in cine so I've been happily stalking here for a few week or two to see if I can pick up any tips :)
I do have a newbie question if anyone cares to help? I've wanted to open a position a couple of times recently when the market is closed but wasn't sure how it works. I'm using a Plus500 account and it's currently showing a closed buy rate of 90.19, if I want to open a buy position the lowest I can buy at is 95.55 and I understand that it's to do with the spread ect. but my question (eventually) is if the price opens say 98 will my position open at 95.55 or at the starting rate of 98??
Just worries me if it opens with a huge jump and then rebounds back as it often does because on Plus500 there's a fixed spread of 2.68 so your position always opens with quite a large loss right from the start!
Hoping for another good day tomorrow, good luck everyone :)