Day Trading Shares as a UK Individual inside a Stocks and Shares ISA.

[BlasterBates]

There certainly appears to be more FX traders out there than pure stock traders. A guy I know knows loads via various groups (but only knows one pure stock intraday trader) and is really into attempting to make his FX trading hobby in to a career.

The bottom line is if you can read a chart (with the usual caveats), you should be able to trade anything.

I considered FX trading but felt there were too many question marks regarding platforms, fills, over night risk, macro news stories etc etc. Plus once you are comfortable with a style of trading or an instrument why go looking for something else.

So do you simply trade stocks on a short term basis, over several weeks ?

Do you short or just go long ?

and what return do you get on your capital ?

[bulltraderpt]

So do you simply trade stocks on a short term basis, over several weeks ?

Do you short or just go long ?

and what return do you get on your capital ?

Hi BB, I answered it in post no.9 on of thread so I don't wish to repeat what I have already stated, however to answer your other questions, I only trade from the long side, I do have a spread bet account but use it currently only for alerts, I only intra-day trade and will not enter into swing style positions, psychologically it doesn't fit me.

[Ebenezer]

There certainly appears to be more FX traders out there than pure stock traders. A guy I know knows loads via various groups (but only knows one pure stock intraday trader) and is really into attempting to make his FX trading hobby in to a career.

The bottom line is if you can read a chart (with the usual caveats), you should be able to trade anything.

I considered FX trading but felt there were too many question marks regarding platforms, fills, over night risk, macro news stories etc etc. Plus once you are comfortable with a style of trading or an instrument why go looking for something else.

I think the reason FX is popular with the amateurs is that you need very little capital to get started, most of the heavily advertised platforms will allow you to start losing money with as little as £100 in margin. "Trading forums" exhibit massive survivor bias; you never hear from the ones who deposit £100, get wiped out, and never go near it again. IME, FX is a bit of a shark tank even at the institutional level, it's much less regulated than e.g. equities, there's no reference source for prices, etc. etc.

[bulltraderpt]

I think the reason FX is popular with the amateurs is that you need very little capital to get started, most of the heavily advertised platforms will allow you to start losing money with as little as £100 in margin. "Trading forums" exhibit massive survivor bias; you never hear from the ones who deposit £100, get wiped out, and never go near it again. IME, FX is a bit of a shark tank even at the institutional level, it's much less regulated than e.g. equities, there's no reference source for prices, etc. etc.

Yes when I quizzed the guy I know about it and when I watched numerous youtube vids plus watching EZtrader on TV with his platform there did seem to be large discrepancies regarding prices and fills, hence I think you've nailed it regarding the regulation issues.

Numerous people got wiped out IIFC when the Swizz franc I think it was appreciated 30% in 10 seconds.

From what I can gather, shares appears to be the easiest to master if you stay with liquid stocks etc, those which are the hardest are currencies bonds and commodities although you can get good exposure with shares which are commodity plays.