dmedin

Sorry chaps but all I've got is my own experience and academic and statistical research versus your word. I've never once seen any 'day trader' prove that they made decent returns over a sustained period. Why is that? You'd think they would be eager to show people how good they are so that people would pay to get their 'tips' and 'training courses'.

At least you're only losing £1 a week. Practically all day traders lose considerable sums of money. And when I say practically, it is about as close to all of them as you can get statistically (there will always be a few flukes). Buy and hold a diverse portfolio of ETFs/index funds is your only chance of making ANY returns over the long run, pal. That is the ONLY thing that's been proven in over 100 years of stock market research.

It's more like 99% or even 99.99%, and the number who can turn £2000 into £100,000 from spread betting in a single lifetime is probably as close to 0 as you can get. It's a total mug's game.

Well, it already looks like I'm about to lose my money. Just goes to show that TA is garbage and you might as well toss a fking coin.

Anyone who has this aim would be better advised to spend £1 a week on playing the lottery, because they have a better chance of becoming a millionaire based off a random draw than making that much profit from spread betting.

We've got a bounce off the Fib, Wall Street looks bullish. Boeing rebounding yet again - it's just too **** big to fail. Never mind several hundred people dead because of the company's negligence. My stop is below 23.6% and my limit is at 27,403.

Reminds me of back in 2000 when a UK company was offering 'free' internet domains (.co.uk, .com etc). When I asked them why their 'free' domains cost £2.99, their response was 'well, it's so cheap it's practically free.' That's how we do business in Britain ... by claiming to be something that we're not! Of all the industries in the UK that has the most incentive to play by the rules and clean up its act, surely it's got to be the financial services industry. Unless they are hoping to resume their swindling, cheating, fraudulent ways after Brexit.

Nope ... I just couldn't believe that it would keep falling so much. lol. I've been long on it twice and lost money both times.

Yes ...

My 2 cent's worth: I am not concerned about 24/7 trading, in fact I think it's a silly idea, but you shouldn't claim 24 hour trading seven days a week when six hours of the sixth day are not available to trade. I would however like you to improve the speed and reliability of your platform, and if that means taking it offline for an entire weekend, or 12 hours etc, then I would be happy with that.

Anybody fancy going long on this dead duck? 83% of IG client accounts with open positions in this market expect the price to rise JFC ... 🤪

In addition to the above, IC do a free email service called 'Daily outlook' by the IC Trader where you get a 'trade idea' along with a bit of bumf and a chart. They do spam you with other **** too though. Yes, good luck trading - you are going to need it.

I'm beginning to feel depressed (anxious, guilty, hopeless) and also the more I read about investing and trading, the less faith I have in it. Ignorance is definitely bliss. Hopefully after Brexit we will go back the glory days of the British Empire when poor people were kept in their place, and not given too much education for their own good (thus giving them unrealistic expectations).

Maybe ...

Big losses on Boeing the other day, dragging down DJIA with it. But only temporarily

It might have topped out now, my bonnie loon 🐻

It varies ... lol @ claim of 24/7* trading, with this footnote: * 24/7 excludes the 6 hours from 10pm Fri to 4am Sat, and 20 mins just before the weekday market opens on Sunday night. Do IG understand what 24/7 means?

Fund manager Mark Denning, who was part of a team running more than £229 billion of assets at Capital Group, has been forced to resigned after allegedly breaking investment rules. A BBC Panorama investigation – set to air tonight at 8.30pm – will accuse Denning of investing in shares which were also held by the funds he worked on. This is seen as a conflict of interest within fund management as a manager could potentially profit at the expense of his clients - the fund manager could use the significant assets of a fund to push up the share price of a company, benefiting his other investments. https://www.morningstar.co.uk/uk/news/196565/fund-manager-resigns-ahead-of-damning-bbc-panorama-investigation.aspx And how do his fellow financial professionals react to this? Well they call him a 'uniquely talented' colleague. Seems that his only fault was to get caught screwing the dumb retails clients over. Let's face facts ... if you're 'little people' then you aren't safe ANYWHERE in the financial markets. You WILL get screwed over and eaten alive.

Good luck trying to keep up with all that 🤣

Boeing has just made a big smelly doo doo in the bed! 😮

Almost blown through my cash. Pretty much given up now. It's pointless. I'll spend what little I've got left on booze and hookers.

Not even the 'best minds' or the best breeders of Wall Street can time the markets, follow the trends up and down or estimate the 'intrinsic value' of firms. What makes us think we can, when all the evidence shows that 99% of 'day traders' lose all their money

How's that 'rally' in Brent crude coming along?

So ... anyone managed to make any money off this lark yet? Didn't think so

Well, according to Darwin the 'great success' in life consists of nothing more than continuous breeding. That Darwin fella had a lot of experience with excessive breeding. A bit like that Rees-Mogg ****.