I need to lose money on the stock market asap! - Contractor UK Bulletin Board

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woody1 replied

15 December 2023, 19:33
Originally posted by Spoiler View Post

Well, seems HL JISA fees are rather competitive - no commission, and didn’t get charged stamp duty either on a trade (not sure why yet).
Just bought/sold £3,000 of FEVR - overall i lost £3 …

Just trade a penny stock with a big bid-ask spread.
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Spoiler replied

15 December 2023, 16:31
Originally posted by woody1 View Post

Just keep buying and selling the same share. Shouldn't take long for commissions + stamp duty to gobble up £600.

Well, seems HL JISA fees are rather competitive - no commission, and didn’t get charged stamp duty either on a trade (not sure why yet).
Just bought/sold £3,000 of FEVR - overall i lost £3 …
Leave a comment:
woody1 replied

15 December 2023, 16:01
Originally posted by JustKeepSwimming View Post

Looks like you can't.

Not to worry. There are plenty of ways to lose money without using derivatives.
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Spoiler replied

15 December 2023, 16:01
Did a few trades today - ended up about even.

Must do better Monday to lose some £££
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Spoiler replied

15 December 2023, 15:48
Originally posted by vetran View Post

Legal Aid is means tested and your child's assets are included. The Junior ISA's holdings would be most of the allowance even though the parents can't touch them.

This
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JustKeepSwimming replied

15 December 2023, 14:07
Originally posted by woody1 View Post

Can you do derivatives like options in an ISA?

Looks like you can't.
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woody1 replied

15 December 2023, 13:38
Originally posted by JustKeepSwimming View Post

Can't you just do an absurd out of the money call/put to expire today? Like Microsoft to double in price by COP.

Can you do derivatives like options in an ISA?
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JustKeepSwimming replied

15 December 2023, 13:23
Legal aid rules are a joke.

I want the finer details!

Can't you just do an absurd out of the money call/put to expire today? Like Microsoft to double in price by COP.
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vetran replied

15 December 2023, 12:51
Originally posted by BlasterBates View Post

Why do you need to lose money, wouldn't be cheaper to pay some extra tax?

Legal Aid is means tested and your child's assets are included. The Junior ISA's holdings would be most of the allowance even though the parents can't touch them.

https://www.gov.uk/guidance/civil-le...oss%20monthly% 20income,child%20and%20each%20further%20child.

Joe Pesci says it best NSFW...
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BlasterBates replied

15 December 2023, 12:33
Why do you need to lose money, wouldn't be cheaper to pay some extra tax?
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woody1 replied

15 December 2023, 12:23
Buy and then immediately sell a stock (eg. small cap, AIM) with a big bid-ask spread.
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BlasterBates replied

15 December 2023, 11:47
You could buy some put options.
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courtg9000 replied

15 December 2023, 11:23
MGN buy quick and sell before close!
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woody1 replied

15 December 2023, 11:17
Just keep buying and selling the same share. Shouldn't take long for commissions + stamp duty to gobble up £600.
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jamesbrown replied

15 December 2023, 11:12
Well, duh, ask scootie.
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