Laptop, every time someone posts on this thread, I check in, read the above post, and stare in amazement at the date. 50% growth in 9 months! That truly is the best call of the year! Consider that even in a bucket shop that would have made almost £3k at £1pp with a deposit of £500!
Success stories? Did anyone buy £1pp in a bucket shop and forget about it? Who went to the IPE and bought 10 lots? Did anyone get in later, but enough to make a profit, for example $60 or $70? Where did everyone get out?
On a more interesting point, and I'm going to start a seperate thread on this, but how about we get our heads together and come up with other interesting ideas. I have a plan. I am quite dissatisfied with the level of interest the banks pay given the inflationary problem. I plan to take a few thousand, and stick it in a new bucket shop. Then, I intend to look to take a few £1pp positions in forex and commodities, with clearly defined targets and reasonably wide stops, and hold these positions for several months, perhaps years. As we are doing futures rollover at the moment, I'm thinking of taking positions in far quarters quite soon (not even thinking about paying overnight financing on positions). I wish to diversify and keep the risk low, but the plan is to outperform the risk free rate by a small margin while only dealing once or twice per instrument per year. Would anyone else be interested in this as an investment strategy, and if so should we have a thread?
Naturally, these positions would need to be taken in the direction of the primary trend, with wide stops and a pretty clear entry point. For example, the buy crude at 51.00 could have had a safe enough stop three or four hundred pips away, yet would have returned 3000 pips over the year. I'm quite dissatisfied with the performance of
this (which I picked up for 100p/share in June) and am considering if I could do better myself. Thoughts?
