Day Trading

[SandyD]

Anyone does day trading with their company's money?
I would like to do that, anyone recommends training school/course ?

[northernladuk]

Not my thing as I don't believe it's something you can learn the basics and just dabble but might be something useful here..
https://www.google.co.uk/search?q=da...pvd=1&ie=UTF-8

[ChimpMaster]

Anyone does day trading with their company's money?
I would like to do that, anyone recommends training school/course ?

So the saying goes: 90% of traders lose 90% of their funds in 90 days.

And my question to you is, how will your company pay its tax bill after this?

[BlasterBates]

Get a demo account and run it for 6 months.

Spread Betting, CFDs, Stockbroking and Forex | Trading | IG UK

That's the way to find out it's a mugs game without losing any money.

When you make a trade to get a profit you have to earn more than the spread that's what the banks pocket. Bankers can earn on day trading but it's very difficult for a mug private trader.

If you have a good source of information trading shares over several months is a better bet, because if it goes sour you just keep them until they go up again, i.e. you turn a trade into a long term investment.

[centurian]

WHS - the clue is in the name Spread Betting

All gambling is weighted in the favour of the bookmaker - you might get lucky over the short term, but over the long run, the odds mean it's impossible to win, unless you are extremely well knowledged.

[raphal]

Anyone does day trading with their company's money?
I would like to do that, anyone recommends training school/course ?

As far as I know, the first thing to check is the Trade classification under which your company was registered (you will find this on the VAT certificate). If it says "Business and Domestic Software Development" then you will have to amend it to include forex trading or whatever the appropriate class is. Check with your accountant.

I did it for a month or two with my personal money, only to realize the saying 90% in 90 days is true.

[erwinwen]

Caution

Anyone does day trading with their company's money?
I would like to do that, anyone recommends training school/course ?

I would check with your accountant first but I don't think it is tax effective to trade from your company account. The most tax effective way to trade is via a self-traded stocks and shares ISA which has to be a personal account.

A word of advice – be cautious - it is exceptionally hard to succeed at day trading as you will always be on the back foot with every trade because of transaction and trade spread costs.

[hydraulicwave]

Twitter is useful for info/tips.
Google finance is a decent platform with all the technical analysis features available to use.
Try following Zak Mir - he does a pre market YouTube video most mornings, which is technical. AIM mainly.
Have a look at IAE, a stock with a long term upward trajectory
Cheers

[SimonMac]

WHS - the clue is in the name Spread Betting

All gambling is weighted in the favour of the bookmaker - you might get lucky over the short term, but over the long run, the odds mean it's impossible to win, unless you are extremely well knowledged.

WTS!

Never bet with something you can't afford to lose

[sirja]

Anyone does day trading with their company's money?
I would like to do that, anyone recommends training school/course ?

You REALLY must do paper trading for a reasonable period ( I would say no less than 6 months) to thoroughly test out whatever trading strategy it is you intend to use. The odds are really stacked against you in the trading game which is why so many end up loosing money. Best to also discuss with your account about trading via your company, but I can't see how that would be more beneficial from a tax perspective.