What is going on today? - Megathread

Called it :stuck_out_tongue: (I’m joking)

Was in the green on everything this afternoon, and then boom, close out the day with huge drops. Is this still over the stupid bond yields? :frowning:

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Anyone who is an investor shouldn’t panic its how you lose money if you do. Day trading youve going to lose loads.

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Yes, never again. I made a mistake and paid for it, I got spooked due to the unprecedented nature of what was happening. I am glad it happened overall sometimes you have to pay for your lessons

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I’m a stubborn so and so, the stock’s I’ve brought are in growth companies and hoping for the real gains in 2023 and beyond. I have no plans whatsoever to sell, even if they drop 50%… Most of these will recover on the other side, just a matter of waiting it out. I’m simply trying to top up to help even out average.

Good luck everyone!

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@Xenor

Looks like a reversal pattern.
If you want to do day trading u need to learn the candles.

I could be wrong, but spend some money on the candle book I posted earlier. That is the base.
And then work on your strategy.

The previous session before today was a dojy, it indicates a change of Sentiment in the market.

@Xenor

But the trend can continue even after this doji.
It is an indicator not a predictor.

I am listening to this guy just now, he is a financial adviser.

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I agree, I do need to learn candles. I’ll do some reading over the weekend. I’ll give that video a watch as well.

That said, I’m not day trading with this one. I’m in it for the short to medium term as I think it will recover when they reopen. I’m in at 91p on my GIA and been buying more on my ISA this week. Got an average of 109p there, so buying more today was to bring my average down from 110p rather than day trading. I didn’t expect it to reverse almost all the gains it made on Wednesday or I would have held off buying more until Monday. Going to hold as I think it will hit 130-150p in the next few months. I could be wrong though but the upwards trend is good.

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And back

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Slowly fighting back.
Not a crash probably like what @Michael2535 said. A correction.

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@Xenor

All ayes in Monday session if it carries on with the negative as we saw after each green session.

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Imo Monday will be a big green day

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Ha let’s hope so! :crossed_fingers:t2:

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I’ll admit, I made a mistake today. I sold my S&P 500 shares at the start of a green day, taking a small hit. Then I bought those CINE shares that fell. I still think CINE will do me better in the short term however. Medium to longterm after this correction/crash/whatever it is, I’ll invest in ETFs like S&P 500 so I don’t have to keep an eye on lots of individual stocks. Stock picking has been very time consuming so far, and whilst it’s fun when you’re new to the game it’s not something I can keep up.

Listen to this

@Xenor

Like he says have your core and just a few individualshares

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I had a look through the biggest losers at about 5pm and plumped for SPCE. Up now but a bit of a gamble :joy:.

Those videos were a decent watch, especially the second one. I do agree however that ETFs are better overall than stock picking. I just don’t agree that now is the time with the way the market is going. If I had put most of my money into ETFs a few weeks ago when I started investing, I would be severely down right now because some of the ones I have been watching have fallen sharply in that time.

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@Xenor Yes I am also watching Clean ENergy ETF which has:

Ad VUSA which is the S&P 500

image

And VWRL

or IWDG - iShares World but this one is Hedged so if you think the pound will weaken in the future

NASDAQ100 - which is Invesco

image

And why not IITU

**

So there you have it everyone invests in AAPL and MSFT and the rest @Ralph.a

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I am like you watching at the moment and looking to buy.

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See, that’s the thing. So many ETFs with heavily weighted US tech stocks. Tech stocks are being hammered right now so I rather watch and wait. Tech is the sector I know most about because I work in tech so I do want to invest in it, just not at current prices. Apple is up 68% in the past year, was that value increase justified or are we going to see it fall further in a correction? Same with Microsoft, up 43%. These stocks aren’t attractive right now and nor are the ETFs that have big weightings in them.

Clean energy ETF is down about 20% since I first bought two shares in it. I bought into that ETF three times in total and each time sold my shares because it wouldn’t stop falling. I’m waiting for the bottom now and whilst I might not get the lowest price I’m sure I can beat the £11.36 price of the first shares I bought and sold off for £10.29. I see the bottom as being £6-7.

I’ve been watching Scottish Mortgage trust and Edinburgh World trust as well and they are both down about 23% over the past month after excellent years.

I think I need to look at ETFs in other sectors. Oil and financial stocks seem to be doing well right now. I have stock picked Lloyds, HSBC, BP and Shell in these sectors but ETFs may be better in the long run.

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