Lyx Uk Qual Div Discussion Threads

[Abuse team] 17/3/2006 20:33

Post removed by ADVFN

[maestro.] 15/3/2006 22:11

cheers wig..will do

[wiganer] 15/3/2006 22:04

maestro- check out Resposible Lad's thread. Don't blame me for any consequent losses.

[maestro.] 15/3/2006 21:58

not really mate...only pick my own stocks these days

[Abuse team] 15/3/2006 21:57

Post removed by ADVFN

[maestro.] 15/3/2006 21:56

Heard that there are a few guys making serious money doing this so want in on the action...any info gratefully received

[wal footrot] 31/1/2006 16:18

LOL!

rgds

maestro

[scuba doo] 31/1/2006 16:16

You're coming on a bl00dy treat, TOPINFO .... keep it up mate -

......................................

TOPINFO - 31 Jan'06 - 16:14 - 9966 of 9968


LAST CHANCE NOW TO GET OUT BEFORE THE REAL SLAUGHTER STARTS TOMORROW WHEN INSTITUTIONS CUT THEIR LOSSES AND SELL THE STOCK BIG TIME....YOU WILL NOT GET MORE THAN 25P FOR THESE THIS TIME 2MORO...!!!!!!!

TOPINFO - 31 Jan'06 - 16:14 - 9967 of 9968


LAST CHANCE NOW TO GET OUT BEFORE THE REAL SLAUGHTER STARTS TOMORROW WHEN INSTITUTIONS CUT THEIR LOSSES AND SELL THE STOCK BIG TIME....YOU WILL NOT GET MORE THAN 25P FOR THESE THIS TIME 2MORO...!!!!!!!

[samg99] 30/1/2006 15:46

TOPINFO - glad comments were helpful. Feel free to ask anything you like on this thread - it's on my Favourites list now so I'll generally reply promptly if it's during UK trading hours! A lot of the time I may just point you to other threads/books etc. as otherwise there's a degree of reinventing the wheel going on ;-)

In the meantime, you might want to tell us a bit more about yourself - e.g. what kind of trading style you favour, how much you can afford to lose, whether you've got a mortgage, what other commitments you may have (e.g. kids!) and anything else you don't mind making public! - when framing questions, because many of the answers to them will depend heavily on such factors.

Regards.

[topinfo] 30/1/2006 14:54

Mad4IT.
Just out of interest what is your stated profession, i.e your business that you use as an unbrella to trade full time.Thanks.!

[topinfo] 30/1/2006 14:52

Mad4It and SamG99....Just read your posts and they are very helpful indeed. I get what you say about regsitering a small business and not really doing much on that and avoid income tax on trading by utilising capital gains tax allowances/ISAS etc...I have just read Robbie Burns Naked Trader book and must admit Its brilliant reading. I will shortly be parting with some hard earned cash and attach myself to the Premium BBs and get level 2, one I get to grips with reading it and charting.
It would be great if we could keep this thread open for any further questions I may have or any questions from other traders or novices like me.
Regards Chaps.

[maximoney1] 29/1/2006 14:17

Good thread topinfo...

Question for the pro traders...... if you were a full time spreadbetter, would there be any tax to pay at all? Would you still have to make an 'NIC' contribution to cover for NHS, pension etc etc ?

cheers maxi

[topinfo] 29/1/2006 14:02

Thanks for the advice on here Guys...I will digest what has been said so far and ask questions later on today if thats okay. I didnt reply earlier as I thought this thread was dead and buried with no interest. It will really help me to speak to someone who has done it and knows how to operate as a full time trader..legally and paying all correct taxes etc...

[samg99] 29/1/2006 13:04

TOPINFO - only just seen this thread.

IMHO, you are jumping the gun talking about trading as a business. First you need to see if you can hack it as a full-time trader. Better to try being a full-time trader first, then if you're successful beyond your wildest dreams, investigate the "as a business" stuff later.

I have been a full-time trader for over 9 years now, and can truthfully say I've done pretty well. I have never contemplated doing it as a "self-employed businessman" however, mainly because it sounds like a big hassle. There are plenty of ways of reducing your tax bill as a trader anyway, including full use of ISAs and/or spreadbetting.

As for your point 3, about level 2 and reading charts, there are loads of threads on ADVFN that cover these and many other topics. My personal favourite is the Naked Trader thread (PBB), but there are plenty of other good ones, e.g. the FAR5 (FBB) threads that are lively and informative. Many of these threads will lead you to other sources of information about courses and recommended books.

Have a look at Robbie Burns's website



for a list of the latter - he's also giving courses on trading in March; there are still spaces available for the one on 24th March. His book, THE NAKED TRADER, is well worth reading: it covers all the kinds of topics (e.g. Level 2) that you want to find out more about.

In other words, have a good look round and you can learn a lot!

Anyway, good luck, and let us know how you get on.

[mad4it] 29/1/2006 12:49

TOPINFO - 19 Jan'06 - 21:47 - 6 of 8

I really expected sone good advice on here but it looks as though I will have to go elsewhere as no-one seems like they want to talk on here.
------------------------------------

!!

Can't have been that important to you then, eh!

[mad4it] 20/1/2006 12:57

1. No, not as a sole trader, but yes, if you wish to avoid paying income tax on ALL your profits, see 2 below:
2. This is where it gets tricky: It's better to have/create some kind of (part time) business that is your official business (it can be anything you like), that way you can avoid registering as a full time trader as your main source of income and you can continue using your capital gains allowance rather than immediately be forced to pay income tax on ALL your profits, this, obviously, will make a big difference to the level of tax you pay as the capital gains allowance is far more generous than going down the income tax root.
3. There are lot's of courses you could go on, but they usually aint cheap, you can learn a lot by reading the traders threads on this bb. This site has some of the best traders in the country chatting on it. I learnt a lot by asking questions and continually reading informative threads that the pro-traders inhabit. There's a wealth of info on this site.
You could also put some of your questions into a Google search.

NB: If you want some help on charting and L2 there are several threads on the bb (notably fingers charting threads), but if you'd care to use this thread as a question and answer forum, I'll do my best to help you with charting and L2.

[mad4it] 19/1/2006 23:18

TI - Just seen your thread, but I'm off to bed now ( us traders need our kip ;).
I've been a full-time trader for 7 years (this month). I'll pop on here tomorrow and give you some advice (for what it's worth).

[topinfo] 19/1/2006 21:47

I really expected sone good advice on here but it looks as though I will have to go elsewhere as no-one seems like they want to talk on here.

[topinfo] 16/1/2006 11:04

.. Advice please.

[topinfo] 15/1/2006 22:30

And I thought there were loads of full time traders on ADVFN...Maybe I was wrong judging by the lack of response.?

[topinfo] 14/1/2006 08:35

Many of us on these BBs will only trade in our spare time, and that includes me. Sometimes it may feel like we are working full time dashing backwards and forwards to see how our stocks are doing and waiting for the "next big thing", but how do you go from that to full time trader.
I have started this thread as I am seriously contemplating working for myself as a full time equity trader, working from home. There are just loads of questions that I need answering and probably equally as many from other guys who are thinking the same thing.
I am hoping that this thread will attract many different traders including those who currently work for themselves as full time traders.
I will start some questions off that I need answering and please then just add to these and we could end up with a very informative discussion group.

1. Do you need to register as a company name.
2. How do you register for tax. Is any profit calculated as normal income tax or capital gains.
3. Are there are courses to go on that could assist you setting up as a full time trader, and also educate you in things like reading charts and understanding level 2