It would depend on which trading house you were clearing your money through and what size of trades you were wanting to put on(also which kinds of trades i.e. outright or butterfly spread etc). You could probably get away with putting down 250k, but you would want to be hitting the ground running, as, if you had a few bad days at the start or there was a blow out you would be almost fighting a losing battle. To be honest, there is too much stuff happening at the moment to have a good go at it, unless you are Paul Rotter or somebody like that. (look that **** up, known as the "eurex flipper", makes about £20M per month and has been for the last 10 years or so!)
Stop talking ****, I've not got £250k to start with. I've been doing some research on shares and trading, I was thinking of starting off with £5 each way spreads.... no, I was thinking about £5k to £10k to start off with, maybe buy Lloyds shares as they've been low for a while and are starting to climb. When are you back in the UK, we should meet up <barrowman>
Haha, I'm not talking ****, firstly, I am talking about bonds, not shares(not that it makes much of a difference), secondly, I'm not talking about putting on a ****ty £5 each way bastard spread. I'm talking about having 2 PCs, 5 screens and a squawkbox(so you get instant info about what is happening araound the world and you know the figures of the CPI, non-farm payroll etc). Anyway, I did day trading, very seldom did I have a position on overnight, as 99 times out of a 100 if you needed to hold your position overnight, it would mean you were wrong anyway, unless you get lucky on the open in the morning. When I first started off working for myself, I only put down 25k, but I still had to pay the trading house about £1,500 a month for using their software etc and I gave them 10% of my profits, also you still need to pay for roundtrips(trades). If I went now with 25k I would get about 1lot, I used to have 130 lots on. Trust me, there is no way you could do it with that amount now. If you are just doing it on your iphone or whatever, then yes, but not the way I was doing it. Impossible.
Well, I'm not going to start it on a mega scale, I've lost enough money in the past year and a half, I'm down to my last £100k and I'm trying to fund a business too, I was more thinking about trading as a hobby to make cash while you relax at home kinda thing. Anyway, we should do lunch <powerpasta>
You should look at www.igmarkets.co.uk, I have a few mates who do it on that, you can trade on just about anything I think. Haven't a clue when I'll be back, so will have to make a raincheck on the barrowman powerpasta lunch date for now!
Nope, the last tip I got was over a year ago, it was Solomon Gold, it was at 11p at the time and it was expected to treble in 3 weeks or so, within 3 days it had spiked at 85p, you couldn't have got out at that price, but you could easily have got out at 65p or so. Another site is www.lse.co.uk, it is just really a forum, but you can get all the prices of **** on it. Some of the peopleknow what there are talking about and it also shows the last 5 trades on that particular stock, so, there are 5 big buys, you know somebody knows something.
Working for a living really is a horrible way to measure out your days. I'm thinking of re-mortgaging, raising all available funds, and trying to get the lot down on Frankel at Ascot in October. Bit worried that French filly might give him a race on really soft ground, but f***it, Frankel is the horse that won't be beat. If ever there was an animal worth going sh!t or bust on, he's the boyo. Meanwhile, got reports to write.
Haven't got £250,000 - then try applying to go on Deal or No Deal---- and stop putting letters after the money inyour pocket !
