Recent content by Boon Trader

It sounds like perhaps I should wait until I have a bigger 'pot' before day trading so that my risk is reasonable and potential returns better able to accommodate running costs.

This is exactly why I joined the forum, it just *seemed* to easy, which made me think I was missing something...which I was, a lot :)

Great advice, thanks for that. The old addage of 'throwing good money after bad' seems especially relevant here...

This is pretty much what I had heard but confused myself with the assumption that penny stocks = day trading.

Greatt stuff, thanks for the info and links, I'll get on top of those... You bring up a question I just asked in another post re CFDs and Spread betting (I thought they were roughly the same thing). Can I ask you what I asked in the other post? What is your experience with using these? Cheers

Great, thanks for all the info - learnt more on here with your replies that trying to get my head around the more formal explanations on wikipedia et al. Regarding the tax issue, I believe spread betting is not declared as income, just SD and CGT - is that right? From what I can see CFD and...

7 Thanks for your reply, will take a bit more reading to get a handle on all of this... but you are saying that you can manage the risk of day trading by making more, smaller value trades? What would you base reasonable stops and limits on, i.e. how would you calculate this? When you say...

Your assumptions are correct, just for my own understanding, why is it impossible to day trade with this account? Is swing trading possible with this kind of account? With CFDs, do you have to leverage? Or is what you are saying, the only way to make it profitable is to leverage? Also, I...

Hi Tim, Thanks for that, and the welcome, I'll add that to the 'to read' list :)

Thanks for the reply. Sounds like leveraging carries a similar risk to shorting - i.e. you can get into a lot of trouble very quickly if you don't know what you're doing (or even if you do...). I will read those other two posts when I get a second. Just to clarify, trading at a 2% level -...

Hi, I have made a decent return on some shares (150% over 12 months or so). I am now looking to withdraw my initial investment and continue investing or trading with the profit. I have a few questions relating to day trading and swing trading. Everything I read about day trading is that it...