Thread: Do you dabble in stocks and shares?

Originally Posted by malmomike77

by the time news on s stock hits the media its already too late, the market makers hsave already taken positions and traded, an individual investor will nearly always lag. Stocks are medium / long term bets, drip feed and cost average.

Precisely.

Originally Posted by harrybarracuda

If he was in it for the long run he wouldnt be browsing the daily price nor worried about a dip during a single day.
1. Why not? Do you think it's a straight upward line on a graph you dumb twat?

Harry, you're full of and

Originally Posted by malmomike77

by the time news on s stock hits the media its already too late, the market makers hsave already taken positions and traded, an individual investor will nearly always lag. Stocks are medium / long term bets, drip feed and cost average.

Why I said Mike that to do this you have an active real time account and are up at 3 or 4am every day looking at prospects. You put in your stops, sell or buys before the market opens. It takes a ton of work. The average securities buyer works with a broker and they see lag information.

^ Oh JPPR i know, i understand day trading, should be call All day trading


I did quite well on an ETF, 3OIL in 2019 when oil nearly went negative at the start of COVID, it was a 3x leverage daily long on Brent, bought at £0.42p, sold at £65 in 2022. they did climb more but i bottled it

Originally Posted by malmomike77

should be call All day tradin

Amen to that. My daughters were always hearing me up early morning and a few monitors lit up my office area. At night I would put tuck them in bed and go fire it all up again checking out latest info. You can make some good money if you have the commitment and resources to play.

Originally Posted by Stumpy

Amen to that. My daughters were always hearing me up early morning and a few monitors lit up my office area. At night I would put tuck them in bed and go fire it all up again checking out latest info. You can make some good money if you have the commitment and resources to play.

Can't be arsed with all that.

I'd rather just ride a stock upwards and pocket a profit when it's appropriate.

Originally Posted by harrybarracuda

Can't be arsed with all that.

I'd rather just ride a stock upwards and pocket a profit when it's appropriate.

Well back during the tech ride, there was a lot of money to be made. Playing the market paid for both my daughters college tuition and few bucks in the bank. Nothing comes easy unless you are like Edtard the trust fun baby.

After I stopped "All day Trading" I invested in securities for the long run and now do not check them often. Same with my IRA portfolio. It's medium risk but linked to the mag 7 so it's doing well. To me it's all funny money until you actually exercise the security or ask for distributions from my IRA. Then let the tax games begin.

Originally Posted by harrybarracuda

Can't be arsed with all that.

I'd rather just ride a stock upwards and pocket a profit when it's appropriate.

That’s quality advice right there. Mad skilz

Originally Posted by Stumpy

Well back during the tech ride, there was a lot of money to be made.

Indeed, there was, and I rode that wave myself, but a lot got bitten. Now days I do my day trading in the form of crypto. Constantly going from holding certain coins to retreating to a cash position to retain my gains. That has worked out quite well for me over the years. Stocks for me are long holds.

Agree Snubs. Back during that Era stocks could be had at $15 to $30 and they would soar to $100. Stocks nowadays are a long hold. But if you buy in the Mag 7 and others just outside, it's a serious cash outlay for your individual buyer. Of course if you are a 1%'er, you can buy mad quantities.

I haven't played in Crypto and doubt I will. No need to buy but I do see opportunities if you play it right.

Originally Posted by Stumpy

To me it's all funny money until you actually exercise the security or ask for distributions from my IRA. Then let the tax games begin.

That's the fucking problem innit.

35% tax if I read it correctly.

Originally Posted by harrybarracuda

That's the fucking problem innit.

35% tax if I read it correctly.

Yep. Always looks good on paper. Tax rate can vary depending on how long you have owned the securities. IIRC, after 2 years capital gain tax is reduced about 10%. I'd have to go look. But as capital gains, it also counts as income so depending on your tax bracket you could end up bumping yourself up into another group and tax will be higher. Like I said, it's all funny money.

In general I always subtracted my purchase price,. The gains I divided by half and that's about what you will net. It's why a lot of people never sell their stock. They can't stomach giving it to the government.

Originally Posted by Stumpy

Yep. Always looks good on paper. Tax rate can vary depending on how long you have owned the securities. IIRC, after 2 years capital gain tax is reduced about 10%. I'd have to go look. But as capital gains, it also counts as income so depending on your tax bracket you could end up bumping yourself up into another group and tax will be higher. Like I said, it's all funny money.

In general I always subtracted my purchase price,. The gains I divided by half and that's about what you will net. It's why a lot of people never sell their stock. They can't stomach giving it to the government.

I'm talking about Thai tax of course.

While it's in eToro it's untouched.

Climbed back up to 126 today which is nice.

Originally Posted by harrybarracuda

I'm talking about Thai tax of course.

While it's in eToro it's untouched.

Climbed back up to 126 today which is nice.

Ohhh. I don't mess with stock here in Thailand. I have an account in the US and buy securities through them.

Yeah it recovered a bit, but I think it might be in for a roller coaster cyclic ride near term. Watching it every day will give you headaches. Best to look once a week or so unless of course you have a huge cash outlay and might want to cut your losses and move on due to its volatility. If not, as we say at the craps table....."Let it ride"

VW have just spunked $5Bn on a stake in Rivan

Originally Posted by Stumpy

Ohhh. I don't mess with stock here in Thailand.

I'm not talking about stock in Thailand. I'm talking about taxable income where you are tax resident.

Ohh well that gets a bit complicated. Depends on what Tax ID you use when you purchase them. I always use my US Tax ID. While I have a Thai Tax ID number and pay taxes here however I still don't buy stock here primarily because I really plan on the securities transferring to my daughters when I bite it. To buy here would make it extremely complicated for them later.

Originally Posted by Stumpy

Ohh well that gets a bit complicated. Depends on what Tax ID you use when you purchase them. I always use my US Tax ID. While I have a Thai Tax ID number and pay taxes here however I still don't buy stock here primarily because I really plan on the securities transferring to my daughters when I bite it. To buy here would make it extremely complicated for them later.

That's not how eToro works.

Originally Posted by harrybarracuda

That's not how eToro works.

Good Luck HB.

Originally Posted by harrybarracuda

That's not how eToro works.

Didn’t think you could use eToro in Thailand

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Originally Posted by harrybarracuda

That's not how eToro works.

Oh look, harriet's being a cock.

Who'd uv thunk it.

Well Rivian and Amazon did a run up today. Rivian was infused with some big cash by VW.

Originally Posted by Iceman123

Didn’t think you could use eToro in Thailand

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You can't open a new account from here.

Added: And you can't cash out to a Thai account either.

Originally Posted by cyrille

Oh look, harriet's being a cock.

Who'd uv thunk it.

Sybille, I know this stuff is a bit out of your league and all, so I wouldn't worry if you don't understand how it works either.

Originally Posted by harrybarracuda

You can't open a new account from here.

I did, during Covid. Took my virtual 100k up to 250k. Then lost a shitload of it on Etherium.

Just had a scan for the first time in over a year, sitting at 96k.