Stock market collapse in October

[SantaClaus]

They're meant to be tulip hot though. So we will probably get a bounce

Moight be worth a little flutter ...

CNBC are touting them as tulip hot, which means it will sink

Could also be a case of buy the rumour, sell the news.

[Money Money Money]

Sounds like a gamble to me!

I've bet on a bounce, so sit back and watch the bugga sink!

[SantaClaus]

Sounds like a gamble to me!

I've bet on a bounce, so sit back and watch the bugga sink!

Well I've made 150 pips on a FTSE short so far, I'm just holding for now.

[Money Money Money]

Well I've made 150 pips on a FTSE short so far, I'm just holding for now.

Well do me a favour and tell me when you're Buying/Selling will ya. My trades are going about as well as a wet fart!

Do you trade full time?

How many shares do you trade at a time?

[DimPrawn]

Well do me a favour and tell me when you're Buying/Selling will ya. My trades are going about as well as a wet fart!

Gambling

[sasguru]

Day trading is a mugs game. Most rational people undersatnd that the stock market is a random system at that level of time.
So while I have a long term portfolio of shares which I don't touch (stock markets usually go up), I have a "playing fund" (dating from the late 90s) that I amuse myself with. But make no mistake, I am prepared to lose everything in the playing fund - I don't fool myself that I can predict a random system, although I think you cna predict to some extent mass human psychology.

[Andy2]

I agree. I am 20% up this year using day trading, much better than 3% offered by the banks.
however if I had only bought and hold dow index from march I would be up 50% and much less risky but then hindsight is 20/20

[Money Money Money]

Day trading is a mugs game. Most rational people undersatnd that the stock market is a random system at that level of time.
So while I have a long term portfolio of shares which I don't touch (stock markets usually go up), I have a "playing fund" (dating from the late 90s) that I amuse myself with. But make no mistake, I am prepared to lose everything in the playing fund - I don't fool myself that I can predict a random system, although I think you cna predict to some extent mass human psychology.

How do you pick what goes in your portfolio?

[Money Money Money]

I agree. I am 20% up this year using day trading, much better than 3% offered by the banks.
however if I had only bought and hold dow index from march I would be up 50% and much less risky but then hindsight is 20/20

What a beautiful thing!

[sasguru]

How do you pick what goes in your portfolio?

Reading the press and making up my own mind.
One thing I did very well out of was getting banking shares when they fell to ridiculous levels. That was a no-brainer as it was clear that the govt would never let them fail.
I always hold some pharma stocks - theye are a good long term bet as people get older. I didn't predict swine flu but glad I had GSK now.
Also when the economy improves, mining and commodities .

Basically it ain't rocket science and is better than letting some stupid spotty oik in the City manage for you.