Member Info for Rr101

Thanks proxtrader.

Great advice again, I’ve now come to realise this and hopefully will not cost me this time. Worst case on Monday I can always reduce my size on the rolls trade and then will be able to lth on that hopefully. In future I’m going to look more long term and not go for gold too quickly.

I think my bank have been emailing me regarding investments. I may explore what the have to offer.

So regarding your investments, how long do you usually expect to be in a trade for, until you hit a certain profit? A certain amount of years and see where it’s at? Or very long term ready for later in life?

Do you put in one lump sum or do you continually top up your shares?

Feel free not to answer if I’m being intrusive, just interested to know the mindset behind the trade. Charts, research, sentiment etc is enough to open the trade but it’s interesting to know peoples exit strategies.

Many thanks :)

Some great points again in the last 2 comments posted.
I thank you all for your advice and knowledge, you are all clearly experienced traders. I’m going to do some soul searching and see what/how I want to invest my money. It’s definitely something that interests me in general hence why I started.

At the moment I’ve definitely been impatient and arrogant in thinking that it’s a get rich quick during this pandemic which for some it most probably has been.

I’m now stuck in Rolls Royce so hoping this coming week will be great otherwise I this could be my learning curve that I need. Albeit at a cost but I can only assume it’s probably what most traders have gone through.

Is this a common oocurance of ‘now investors’ starting out by trading either cfd or spreadbet then transitioning into physical stocks.

At the moment it feels like I’m at a junction with multiple different paths not knowing which one to take :)

Wow! One hell of a ride and a lot of quick learning to be had. I’m glad you didn’t lose all your money, I can understand how people can lose everything with stocks and shares. Especially pre Covid there will be a lot of investors who may never reclaim their loses.

I think I’m going to look into monthly investing and select maybe up to 5 stocks. As you say selecting ones that pay dividends is a good choice. I suppose anything that returns more than 1-3% annually is probably better than any isa account.

I’m currently on IG index. Are there any recommendations for other platforms that may be better for investing in shares?

Hi LordZion,

Thanks for your very constructive comment, it’s very much appreciated. You are exactly right and I couldn’t agree more. Due to full time work I don’t have the luxury to study charts daily/hourly and so on during the day. Only after the event has happened.
I think I could it but, I’ve traded probably over 300 trades and have remained in the black, so there is potential. I just don’t have anywhere near enough capital to do this full time.
My trades weren’t based on hunch and impulse, I have knowledge of charts and keep up to date with info etc but I think the key feature you mentioned is attitude. And my attitude to taking potential profit on limit stops has been poor as I feel that as long as I don’t lose anything il just leave it in there. But then with that attitude I will always break even (unless you get lucky with a one in a million stock) but that still wouldn’t change my attitude I suppose.

So that leads me into now deciding that I should look into investments instead for the future. Possibly looking at investing a percentage of my wage each month into my selected company’s I wish to invest in.

How do you invest, do you do it monthly or save and invest in lump sums. What is your main goal from investment? A retirement fund possibly?

I hope I’m making sense ??

Tymers.

Thanks for the comment. That’s definitely given me some perspective. The head would definitely take the 1p but the emotional heart would take the million. I think my struggle is detaching emotions from what should a strategical investment. The trouble emerged from investing too much.

Then it doesn’t help when you see comments like speculation of 65p etc seems unlikely that’s the emotions telling you it could do. I think that’s where the difference is between doing this full time and not.
As well as many others factors of course but I think this plays a large part of it.

For me anyway...

Your quite right, it’s something that I haven’t been doing and I should. Accept what potential profit I would like and set it at that regardless if it goes higher or not.
I think sometimes I have the fantasy of buying at its lowest and selling at its highest which lets be honest would be a miracle when realistically it never happens like that.

So as I’ve posted on here today, I’ve definitely learnt a lesson this week and now need to ride this out until I see a potential profit again.

I wouldn’t like to ask what storms you’ve had to ride out.

But what I would like to ask is, what would you say was your biggest mistake/learning point. Example, mine being this week.

Moneyinmalta.

That’s very interesting, I work full time it’s very hard to trade as tradings finished when I return home. I feel if I had a day off on Tuesday I probably would have seen the spike and taken it, or at least at 116. But then it probably would have gone somewhere else.

When trading isn’t your full time job it’s very hard to set limits. I feel as long as I at least break even then il just leave it in there. Where as if I had a strategy I’m pretty confident from the start of Covid I could have achieved a fair amount.

I’ve definitely learnt a lesson this week that’s for sure, although no lost anything yet it has been a wake up call to strategise and be a lot more patient.

Oh wow, yes I can see why you would be under some pressure. I’m only a fifth of that and already uncomfortable. So have you set a stop loss/ target you would cut your losses? You may have the capital to ride it out but I don’t think I would be the first on here to admit that I don’t have the capital to ride it out if it dropped to 98. It would put me at a loss that would annoy me.

So yes, here’s to hoping for a good week next week. Charts suggest it but we all know charts contribute about 10% at this time.

I must say, I do think thanksgiving hasn’t helped this week.

Dinvesotoy.

Cheers for the reply, I agree on it being a great starting point. It’s kind a clean slate for rolls in the sense of streamlining the business and looks like a complete restructuring all round.
Like a start up company only with free cash flow, various contracts in place and of course a great reputation.

The way I see it now is if I was to lose say (x) amount affordable to myself then it would be in the knowledge of it being a pretty educated investment rather than on hunch and impulse.

I believe that the shorts are day traders taking profits rather than LTH believing the companies going down under.

Hope Monday bears some good news all round.

Usernames...

Hi, yes I understand exactly what you mean. The unknown unknowns are the ones that nobody has any intel in and is completely unforeseen.

So what exactly are we waiting on from RR. Was it theirs figures that have been delayed, I may be confused with the delay of brexit deal.

Dinvesotoy.

Nice article to read with some very valid points. The only thing I can argue is that since this was posted, on November 6th on the 1D chart as article shows, we are now seeing higher highs and higher lows so the trend is looking to an upward position. Although we are still in muddy waters but one would think with vaccine roll out imminent the upward trend could continue.

Only thing that could damage the trend is brexit non deal and vaccine production/roll out issues.

Would you agree with this?

Larkinjersey

I thought I could turn a profit with rolls, which I did but didn’t take. Was offset from profits in other trades so was kind of covered until now.

Spread net meant I didn’t need to tie up a vast amount of money which I may need access to so thought I’d delve into this. Bad move I know. I’m not an experienced trader by any means whatsoever as I work full time.
I’ve traded over 400 executions and still remain in profit. Biggest issue is I work full time so this hinders it massively. Which is why I should only stick to share dealing.

In terms of ‘covering short’ as you mention. Are you meaning to force an opening on a sel position to offset the current lose?

The main thing is that I’m not in the red so thankful for that. I can imagine some on have had some to forget over the years.

Feel free to hate, but I’m not one of these who will post fake stuff or hinder anybody’s else’s views. Just here to learn and read up on others valued experience. ??

Red-inky.

I joined this forum to read comments from the likes of yourself who provide good advice to the less experienced.

What I’m struggling to understand is why although it’s still had a good week, why the big drop since Tuesday afternoon. No bad news, or nothing that nobody is already aware of.
Is it purely down to brexit deal. Or the wait of the roll out of vaccination.
It kind of just stalled, for it to fall 16p in 3 days is fairly substantial so must have been some big investors pulling out?

Dillon,

I like that! Made me feel a bit better over the weekend now. Roll on Monday. Be nice if it opens ‘up’. Seen there was a lot of buys towards the end.

My biggest trouble is when I think it’s going good I think it will keep going rather than actually taking anything. I need to set some targets lol.

Sometimes I think, well unless it’s going to pay my house off it’s no worth taking a couple of thousand profit. Which is completely wrong! Lol

ARSENAL.

Yes, I hold my hands up and fully admit it’s now become more of a gamble than an investment. I’ve set my stop losses at around 102 and if it hits that then il call it a probably. Tuesday I was up which has just vanished. (Greed got the better of me).
I normally only trade little for pocket money etc so I suppose the excitement got the better of me.

I’m wondering, do most people here work full time or are full time traders.

Thanks for not hating!

Red_inky.

Thanks for your comments, makes me feel a little more at ease. Said on another feed I’ve now gone beyond my comfort levels but too late now I suppose.
I’m on spread betting but wish I had just put it into actual shares as I can’t help but constantly take a quick peek.

Sometimes you’ve got to take that plunge from pocket money to substantial amounts, probably don’t get many chances to have this amount of potential.

Not sure if I’m making sense, glad it’s the weekend anyway.

Peronifund...

Yes your definitely right. Don’t get me wrong I’ve settled my losses previously on rolls pre rights so thankful for that but hate seeing profit vanish.
Im not sure what others are trading at but I started at 50 per point which has now increased to 205.

I’m normally a little small time trader on less volatile stocks that’s gone a bit mad. Never mind, have to go downstairs and print some more.

I hope so. I pulled out of all my other trades this week and went bullish on rolls. Let’s see how this pans out.
Il say this, if we hit any kind of magic next week at 118 levels I’m definitely cashing out and will just put it into a shares rather than spread betting.
It’s pretty volatile at the moment due to brexit I would assume.

Fingers crossed aye!

Yeh not good, I’m in way over my head now. Wish I’d just bought shares instead of spread bet. Lol.

Wish I’d taken the profit Tuesday morning. Was looking good up until then lol

Anyone else annoyed the missed the dip today. Was busy working and couldn’t get in. Had to settle for the late entry at around 108.

I bet a lot of people were pooing there pants.

LTH are fine but I can imagine there are also many day traders on the forum.