What is going on today? - Megathread

That’s pretty much Scottish Mortgage’s & Edinburgh Worldwide’s investment philosophy.

Almost everything I own is down today. Not a good day.

:joy: :joy: I feel your pain Xenor… I started out this morning nicely in the green and once the US market opened… Boom and down ibe gone :person_shrugging::sob:

Does anyone know if buying out of hours usually works out worse or better? By this I mean is the price higher as there are many orders at the same time? I tend to wait and send orders manually but not actually sure if it is necessary.

Out of hours there is less liquidity, so the spreads are higher, so the prices you are getting are worse. Potentially much worse

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I’ve read that prices tend to bounce around more near opening (and closing) time, so if you place a market order for opening time, you’re more likely to get a surprise than if you wait until half an hour after opening. I couldn’t tell you from personal experience, as I also always wait until trading is in progress so I have a sense of what’s happening.

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@Brap_the_younger but I thought you actually get the live price at 9 or 10am when FT send the order through and not the time you place the order.

@FailedTuringTest yes that is what I was guessing happened but FT place the orders an hour after opening I believe, at least that is what the app implies.

My thought process is I may actually be wasting my time being on the app to place an order if the price can be just as random as me being on manually.

@Big-g Oh i see, with FT you cant actually buy out of hours.

It merely schedules your order for when the market next opens.

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Interesting read

It can be a bargain first thing in the morning though.

I bid the minimum Ā£75 for an ETF and it bought in at Ā£73, which made me very happy. That was just the one share though, and that would be a pain in the butt if you’re going for a big order I’d imagine. I tried to do the same for another ETF but the bid was rejected, and that particular one went up so I had to pay when the price updated. :frowning:

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still ballzdeep in the red overall but individual stocks like AAPL seem to be recovering gradually…

Flying away rapidly in the green atm, so much so, I’m just waiting for the inevitable dip.

I’m being hammered by ARB’s decline this week. But at the same time I have a new investment (RMM) making up for those losses. You win some you lose some I guess. Investing can be stressful.

Thanks Freetrade for the £3k made in about 2 months!!!

Main contributors were VUAG, Scottish Mortgage and Apple. Would have been even better if I didn’t loose money on a few meme stoncks…

Buying a flat so had to sell everything!

Farewell fellow investors, and best of luck to you all :wave:t3:

Brap the younger

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Investing for just 2 months is quite risky. The market could have crashed and you could have lost a significant part of your flat money (deposit?).

You have been very lucky!

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Yeah, imagine if he invested in February 2020 for two months.

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I would have delayed the purchase, and kept renting, didn’t have to buy at this specific time.
But yes, I did get lucky.

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Good luck fella

Good luck, come back and invest again soon.

Terrible day by the looks of it. It’s all because of the new European super league, I’m telling ya now! :joy:

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