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ShareSpeccy
@ShareSpeculator
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Short-term trader of UK small & mid caps. 25+ years in the markets…. and I still love it. DYOR.
UK
Joined March 2013
@andrewdc208 All longs. Mostly calls, some shares. Probably over-use of options as some gone up but not enough to get the option in-the-money, so have been losses.... but then again the safety of a limited loss still appeals. Tricky.
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@andrewdc208 Tried a quite a few this week. $DD $LDOS $ALAB $SHOP $FRSH $LYFT $WELL $CAMT Not good. 2 gains, 6 losses. Obviously still tiny test account so net result only -$311. Still very much trying to work out what I'm doing. Beginner's luck has run out though 😂. Persevering.
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Going to leave it there with Warpaint London #W7L. Backed out at 399p. Minuscule loss. I'm not sure and it's not really a situation I should be trading anyway.
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@GumpyInvestor I'm not targeting 1.5% gains. I'm just happy to get out and watch if I'm not sure.
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Thank you, yes I did know. It's an early punt. Looks to me like it could have just made a little W shaped bounce off a possible support line on the daily chart, so having a little go. I kept tying to but sub £36. It shows it went there recently on the chart but it was just scraps in the auction. They it just went higher. Frustrating. I would be happier if I got in a bit lower but it's one of those where you don't want to run away without you. I may regret chasing the price though!
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Hi. I learnt through textbooks, studying for a qualification with a previous employment (although can't remember most of it!). There's masses of ridiculously complicated stuff on options with complex strategies using combinations of options simultaneously. I wouldn't bother with all that. If you can just learn about buying Put and Call options and have an idea about how they're priced, then you can get use out of them. It's probably wise to know also about selling naked options, which is incredibly dangerous (it brought down Barings bank!), so that you know to avoid it. There are rampers on X saying how they make $50,000 a day selling options which I suggest you ignore! Options can be used to limit risk but, used incorrectly, can leave you exposed to unlimited risk. As I learnt from textbooks, I don't really know about online resources. However, I remember seeing that IG had an app called IG Academy and I had a quick look out of interest. It's free online courses with questions to test your knowledge along the way, to learn about shares and options. That might be a good one to try.
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