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ISF.L and the likes of VWRL global tracker are huge and have billions in market capitalisation. They are physically replicated that's what I look out for. Not all ETF's are like that so I keep off them. I know I've just arrived on the RR board but I thought there would be more activity on the FTSE board for general chat and opinions. I would help many posters I would imagine.
Onthecoast : You are very welcome !
I actually never traded ETF , I did read about them, and my understanding at the time that they are half share/half funds
ore a fund traded as share .
So what you doing is quit interesting, and maybe I will look into it
As I said, I trade shares now, and I use IG as platform, they are quite good and reliable.
I also use ii (Interactive investor) , I think it is useful to have more than one platform, just in case one goes down.
Yes, I fully agree, it is a game, although it can be stressful some times :)
GL
Roydon1 thanks for the reply. I trade ETF's in an ISA as you can get instant quote just like shares. Investment Trusts also. No point trading with funds if you can't get a quote. I like trading FTSE ETF ISF.L and basically use a mechanical system of Slow Stochastics etc and a 10 day moving average on the daily chart. There's plenty of waves to go at. All a game at the end of the day and takes years to grasp. As I said most people should stick to funds. Multi asset funds etc and leave well alone for at least a decade.
Onthecoast: I used to trade in funds in my SIPPS & ISA , but they are very slow, and sometime expensive to buy and sell
I think shares are much better if you either have a good FA , or know what you are doing.
I say that , but I can tell you that I won some and lost some, so what I found after many tries and experiments , that it is a simple numbers game, as long as you win more than you loose.
I see many people say "Hey, I will double my money on this one" , yes sure, maybe you can do this once ore twice, but not more.
For me 5% - 10% profit , and also as a stop lose is a good formula , if I can do it 6 - 7 times out of 10 .
RR at the moment are just on the line for my stop loss , if they cross it next week, then I sell and move on.
How many share do I have ? few LOL
GL and all the best
Roydon1 how many RR shares do you own ? Obviously you don't have to answer but it helps to understand where posters are coming from. I had nearly 8000 at one point but sold a fair amount over the years. Also as I posted last week worked for the company 30 years so I 've got a bit idea what is going on.
Private investors who hold shares in SIPPS and ISA's etc I would think buy a share because it has good long term prospects. Some not all research before they buy. Judging by what I read on various forums many just take a punt because it has fallen out of favour. You can see that on here and a fair few are suffering.
Its not hard to look at brokers websites and see the last 5 years results and the profit forecasts for the next 2 years. It gives you something to work off if you can't read company accounts. I can't imagine many reading accounts.
Buying shares because they are cheap ? What's cheap ? Better off buying into a company with a decent forward earnings forecast. Look at the PE ratio and ask yourself is that in line ? Don't buy a share after a profits warning that's when you start trying to catch a falling knife. Sticking with RR they got to a PE of 18 around £12. Profits warning then down. In my experience many FTSE 100 companies have done the same. Tesco springs to mind and they traded around PE 20. Profit warning then half. At the end of the day most people should stick to funds such as VLS and the global tracker VWRL. Saves all the bother.
The worst thing is to try and time the Market, I did read few articles warning people to try to be cleaver and sell to buy cheaper later on, because in most of the cases, they missed the rally when things turned suddenly, which often happens.
The best example would be the COVID crash, no one believed that it was going to be a V shaped recovery after the intimal bounce .
Many people , even provincials , advised people to get prepared for a "Re-visit" of the lows
But guess what ?, it didn't happen, and the Market just kept rising
So, all those who sold to buy cheaper missed out on the rally.
That's the Market for you, just stay calm, keep your positions, don't try to chase your tail , and you will get there, !!
Most people are swing traders, actually. Investors or venture capitalists probably don't frequent these forums - they make their purchase of shares and literally forget about them for years. The majority of people claim to be investors when the share price goes against them, as it is a) psychologically comforting to say that time is on your side, and b) it takes away the need to act now [be that selling all, half, a third, or even averaging down]. Claiming you are an investor when a share goes against you is just a delusion. Most of us are swing traders (mid-long term) who want a high return within a few weeks or months, knowing that staying in shares longer than that which are stagnant or bleeding, is costing us money in opportunities elsewhere.
If you are a trader, then you are expected to go in and out with profit of around 5% , and also more importantly, a Stop Loss and you repeat that again and again
The idea is that you are working on a percentage of success , say 6 out of 10 trades will make money, 4 trades will get stopped out.
Investors is a completely different story, you just need to buy what you think is cheap, and don't worry about few percentages up or down after buying , then you sell when you happy with price and profit , a year , 2 year, 3 years later, it doesn't matter, as long as you keep the shares and sell when the price is right.
I see people here getting confused and misunderstanding the difference .
I personally think that most people here are investors , so for the share to go down to 150 or lower, it doesn't matter at all, because in 5 years time I would say it will be about £5 - £8 .
Simple
So those who are crying "SELL SELL SELL" , you need to say that to Day Traders and Swing Traders, not to investors
GLA