Lloyds Banking Share Discussion Threads

[minerve 2] 26/3/2020 10:45

cheshire

CFDs and spread-betting are not shorting. :)

[diku] 26/3/2020 10:34

Morale of story is not to over trade in market/shares...

[crossing_the_rubicon] 26/3/2020 10:32

"They" being the naysayers who say this is just a bad case of flu.

[cheshire pete] 26/3/2020 10:31

Just had a quick look Alphorn, plenty of stuff there. Seems a combination of psychology and being savvy with trading techniques.
Some comment about trustworthiness of brokers which is a bit concerning. Looks tricky enough without the wheel being rigged. Presumably an online platform gets round this?

Minerve: No-one likes seeing companies going under or employees losing their jobs. However shorting the indices seems a good strategy for protecting a portfolio. An index reflects the value of the 100, 250, 350 constituent shares and therefore trading an index is not targeted at a single company.

Average Joe can long/short using CFDs, don't need extended credit lines. Not easy to make money, agree with that, as c70% lose.

[ladeside] 26/3/2020 10:28

The problem with sharedealing is that many develop an emotional attachment as opposed to seeing a share as merely a means to an end.

Don't get me wrong, I've done this myself in the past and got badly burned like everyone else, however the best advice I could ever give anyone is do your research (obviously), set limits on your expectations and make them achievable and don't become too greedy or emotionally attached to any share, as after all we're all just small private investors who matter not a jot in the wider picture and the company and their board certainly don't care about us.

[kenbachelor] 26/3/2020 10:23

CP - I only use FX trading these days, because currencies seldom lose all their value and companies can go bust. Please be aware of what happened to me on virus Monday, when my account with £5k was wiped out. I had to refinance it and I've recovered about £1,500 so far.

[mikemichael2] 26/3/2020 10:22

An rare uptick from me for that Min.

[diku] 26/3/2020 10:15

What time is Chancellor's next bazooka announcement for the self employed?...

[minerve 2] 26/3/2020 10:08

"If making money with upward momentum is ok what is wrong with making money where there is downward momentum?"

Because downward momentum kills share prices and thus constrains and limits the company to raise capital when needed, that is if they can raise any capital at all. Many companies hit market turmoil or make mistakes which results in them having to come back to the market.

Why should companies go under and employees lose their jobs so that the few can benefit? As I have said before: 20 billionaires will not prop up the economy whereas 2 million better off pensioners/investors will.

And before you make any further comment: spread betters are NOT shorting! They are placing bets against others who think the other way. So shorting is NOT an opportunity available to the average Joe. You need to be extended credit lines by brokers and they will generally only do that with persons of very deep pockets.

[alphorn] 26/3/2020 10:05

cp - you will need to take great care but the rewards can be very high. As you know I have been consistently bearish GBP and still have large allocations/positions open. None are leveraged.
Start with virtual positions?

edit: risk/reward is amplified.

[cheshire pete] 26/3/2020 09:59

Thanks Alphorn, maybe time to try and get my head round forex though it will mean stepping out of my comfort zone. Perhaps mug up on it during lockdown. Will google 'Forex for Dummies' and see what comes up.

[alphorn] 26/3/2020 09:53

cp - uptick for that. Same goes btw for forex.

[cheshire pete] 26/3/2020 09:50

So where does it say investors only allowed to make money in rising markets? There are many fans of momentum investing in shares that are rising. If making money with upward momentum is ok what is wrong with making money where there is downward momentum?

Truth is there aren't many smart or brave enough to do it, and when a few manage to pull it off and spout on a BB then no surprise it winds people up.

Think there will be plenty of scope for trading LLOY in the coming days/weeks/months perhaps all the way back up to recent highs.

[toon1966] 26/3/2020 09:42

Who are you referring to when you say ‘they’?

[crossing_the_rubicon] 26/3/2020 09:28

Young are more or less immune,just the elderly get it they say.
Inspiring complacency in young people, obviously

"Briton, 21, with no apparent pre-existing health conditions dies after contracting COVID-19"

[gnik] 26/3/2020 09:19

Anyone using T20 trading if so what stockbroker.

[maxk] 26/3/2020 09:01

Good cartoon if one of the blues can post it up.

[extrovert] 26/3/2020 09:01

Shorting and lending stocks to each other is one of the USA's main money earners imo.
Don't forget that they are one of our special friends!