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Getbig Bodybuilding Boards => UK Getbig Bodybuilding and More => Topic started by: Skorp1o on September 22, 2014, 12:24:54 PM
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Documentary on BBC2 at 9pm tonight covering people trading from home and making a killing in the UK.
Should be an interesting watch
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Ive made a killing on oxo's since i ditched knorr
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skorp sits down with pop corn expecting a learning experience whilst watching beta participation in action ::)
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Documentary on BBC2 at 9pm tonight covering people trading from home and making a killing in the UK.
Should be an interesting watch
Any good?
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Any good?
One guy was very good, was an industry worker who went solo working from home investing his own money, guys like this can and do make a success of it (and BTW he was trading whilst dieting down to 4% bf and training, proper getbigger) drives a top notch Porsche and had just been entrusted with £50mil from a hedge fund to play with.
^Living the dream.
The others were muppets sold a dream....one NHS mum part time worker wanted to get into it, put in 6k....lost a 3rd already. Another doing it for 7yrs and always losing too, and a couple of guys who want the hiphop lifestyle and trade via rose tainted glasses, they seem to be doing ok though as the guy doing the trades is methodical in his approach and uses a more advanced approach than the other people just guessing it. an Oap group aswell lost 6k.
They covered day traders and spread betting...this is as high risk as it gets. they want to "trade" they get sold a packaged platform and given info on how to invest...but the latter is more complicated as they don't tend to give them right tools and access to really be at the front line and make decisions as quickly as hedge funds...etc.
I worked for a spread betting firm in the city, they arrange huge seminars and mock accounts for clients, I used to get complaints every week from people trying to state "unsuitable financial product sold"...etc to try and get compensation/recover lost money. Usually someone new to this, poured in 15k and in two weeks it disappeared, this was very common and the 15k loss amount also was very common.
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One guy was very good, was an industry worker who went solo working from home investing his own money, guys like this can and do make a success of it (and BTW he was trading whilst dieting down to 4% bf and training, proper getbigger) drives a top notch Porsche and had just been entrusted with £50mil from a hedge fund to play with.
^Living the dream.
The others were muppets sold a dream....one NHS mum part time worker wanted to get into it, put in 6k....lost a 3rd already. Another doing it for 7yrs and always losing too, and a couple of guys who want the hiphop lifestyle and trade via rose tainted glasses, they seem to be doing ok though as the guy doing the trades is methodical in his approach and uses a more advanced approach than the other people just guessing it. an Oap group aswell lost 6k.
They covered day traders and spread betting...this is as high risk as it gets. they want to "trade" they get sold a packaged platform and given info on how to invest...but the latter is more complicated as they don't tend to give them right tools and access to really be at the front line and make decisions as quickly as hedge funds...etc.
I worked for a spread betting firm in the city, they arrange huge seminars and mock accounts for clients, I used to get complaints every week from people trying to state "unsuitable financial product sold"...etc to try and get compensation/recover lost money. Usually someone new to this, poured in 15k and in two weeks it disappeared, this was very common and the 15k loss amount also was very common.
Skorp - you work on the sell side of the industry, right?
Most retail traders are using technical analysis - which is total nonsense. So no matter how 'advanced' you are in that skill, you will never make money. They are sold a dream by the "financial junk food industry".
As for spread bet firms. They are a rip off. The moment a customer starts making money, they stop getting quotes in a timely manner.
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Skorp - you work on the sell side of the industry, right?
Most retail traders are using technical analysis - which is total nonsense. So no matter how 'advanced' you are in that skill, you will never make money. They are sold a dream by the "financial junk food industry".
As for spread bet firms. They are a rip off. The moment a customer starts making money, they stop getting quotes in a timely manner.
Exactly, that's what they get sold and they stick with it. But the technical analysis although flawed, it is also only as good as the info you're acting on and this is where the non-clued up retail get caught out, you will never match a hedge fund who's allocating senior analysts to focus on one stock with direct access to info, most times these guys come in and come out based on strong probability of certain outcomes/announcements. By the time one single hedge fund buys or sells due to their sheer size the SP is affected...and that's when the retail end up coming in at the wrong time and getting burned, they hear the "good news" jump in, but by the time they're in price has already increased, they stick around hoping it will go up more, later the offloading starts and the SP drops and there you go a few hundred/few k's lost at the back of acting on good news.
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you are betting investing in property imo
as a long term investment its unbeatable
very low risk if playing the long game of peace
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Exactly, that's what they get sold and they stick with it. But the technical analysis although flawed, it is also only as good as the info you're acting on and this is where the non-clued up retail get caught out, you will never match a hedge fund who's allocating senior analysts to focus on one stock with direct access to info, most times these guys come in and come out based on strong probability of certain outcomes/announcements. By the time one single hedge fund buys or sells due to their sheer size the SP is affected...and that's when the retail end up coming in at the wrong time and getting burned, they hear the "good news" jump in, but by the time they're in price has already increased, they stick around hoping it will go up more, later the offloading starts and the SP drops and there you go a few hundred/few k's lost at the back of acting on good news.
I wouldn't say technical analysis was flawed. I'd more say it was total fucking nonsense with no basis whatsoever... ;D
So - are you on the sell-side of the industry?
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I wouldn't say technical analysis was flawed. I'd more say it was total fucking nonsense with no basis whatsoever... ;D
So - are you on the sell-side of the industry?
Yes spot on we are
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On a sort of related topic - can any of our Getbigger Zillionaire traders id this bit of paper & the link to Ceres?
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Yes spot on we are
I'm on the buy side. Well - I sort of sell to the buy side but not what the sell side sells.
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I'm on the buy side. Well - I sort of sell to the buy side but not what the sell side sells.
Is there a big financial centre in Thailand? (or was it Malaysia you're in/)
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Is there a big financial centre in Thailand? (or was it Malaysia you're in/)
I am based in Thailand but the business isn't. The stuff I do is almost exclusively related to futures markets. I did chat with a few firms here but the Thai Futures market just isn't competitive or attracting volume. The cost structure is prohibitive. I don't think they get that their exchange is competing for liquidity with other exchanges around the world. They seem to think they can open a shitty, expensive market and people will flock to it.
So for me it's mostly North American & European Markets and a bit of Aussie. More recently started doing a little in Brazil. Brazil have a good thing going there.
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I am based in Thailand but the business isn't. The stuff I do is almost exclusively related to futures markets. I did chat with a few firms here but the Thai Futures market just isn't competitive or attracting volume. The cost structure is prohibitive. I don't think they get that their exchange is competing for liquidity with other exchanges around the world. They seem to think they can open a shitty, expensive market and people will flock to it.
So for me it's mostly North American & European Markets and a bit of Aussie. More recently started doing a little in Brazil. Brazil have a good thing going there.
Same geographical coverage as our firm, we mainly do Bonds (high yield) and Equities and Trade Claims.
Are most of your clients (buyers) in the Europe and US as well or do you have a strong base in SE Asia?
I know traders worth are pretty much weighed by their business lines.
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Some sort of wipe clean trade blotter. ::)
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Some sort of wipe clean trade blotter. ::)
Wipe clean?
Wouldn't that hurt if you threw it across the floor and hit someone in the head with it?
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Interesting programme,better than last weeks,and you can now see why footballers end up bankrupt when they stop playing,as in the case of seeing Leon Best with his 350 pairs of trainers.Good to know that i`m in the 10% group of people who make a profit,i was surprised to hear that 90% lose money.
http://www.bbc.co.uk/iplayer/episode/b04jjjc2/traders-millions-by-the-minute-episode-2
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Interesting programme,better than last weeks,and you can now see why footballers end up bankrupt when they stop playing,as in the case of seeing Leon Best with his 350 pairs of trainers.Good to know that i`m in the 10% group of people who make a profit,i was surprised to hear that 90% lose money.
http://www.bbc.co.uk/iplayer/episode/b04jjjc2/traders-millions-by-the-minute-episode-2
Do you do day trading though?
I'm a long term investor, but as a city worker I'm not allowed to sell anything I buy into within 30 days. and so far everything I went into is up as I expected. I don't have the time or nerves to spare for day trading and I'm not greedy, I just want decent returns on my savings and as I have an interest in this field I enjoy the research and seeing my money on a phone app and knowing I could liquidate at any one time.
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Skorp armed with your new knowledge, have u considered applying for a job at Ebullio?
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Skorp armed with your new knowledge, have u considered applying for a job at Ebullio?
Why do you have to be an asshole all the time? don't you get tired?
It's not my fault you're burdened with 3 kids and drive a Merc the size of a caravan...go fix your problems, dump the wife, kill the children, take Tren, get ripped, fuck a young slut and you'll be as happy as me one day and realise that being an asshole to strangers on-line is actually boring when you have no emotional frustrations.
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Why do you have to be an asshole all the time? don't you get tired?
It's not my fault you're burdened with 3 kids and drive a Merc the size of a caravan...go fix your problems, dump the wife, kill the children, take Tren, get ripped, fuck a young slut and you'll be as happy as me one day and realise that being an asshole to strangers on-line is actually boring when you have no emotional frustrations.
Damn. Was only a joke. How about the venerable City Equities?
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Do you do day trading though?
I'm a long term investor, but as a city worker I'm not allowed to sell anything I buy into within 30 days. and so far everything I went into is up as I expected. I don't have the time or nerves to spare for day trading and I'm not greedy, I just want decent returns on my savings and as I have an interest in this field I enjoy the research and seeing my money on a phone app and knowing I could liquidate at any one time.
No Skorpio,i`m not a day trader,i`m the same as you a long term one,although i have had a few occasions when i`ve bought and sold within a couple of days,but theres nothing worse than selling and checking on the price a month later and to see its still kept climbing.I got interested in 2001 after talking to Peter Sage,but didn`t start till 2003.
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Tesco's crisis has seen their shares fall to £194 today.
They were £370 a year ago.
Take Two Interactive and Activision are worth a small punt.
Take Two has GTA5 for next gen coming out next month and currently in a lull, then the big Destiny game has sucked hard, so they have dropped a bit - but they have the true next gen Call Of Duty: Advanced Warfare and the kid's game Skylanders: Time Trap (or something) coming out for Xmas, so those shares will bounce right back 15% in a couple of months.
Your lucky to make 1% a year on an ISA. Get a share dealing account set up through your Internet banking account. Takes 5 mins if that and you just transfer money into it and then enter the company name and purchase away.
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Tesco's crisis has seen their shares fall to £194 today.
They were £370 a year ago.
Take Two Interactive and Activision are worth a small punt.
Take Two has GTA5 for next gen coming out next month and currently in a lull, then the big Destiny game has sucked hard, so they have dropped a bit - but they have the true next gen Call Of Duty: Advanced Warfare and the kid's game Skylanders: Time Trap (or something) coming out for Xmas, so those shares will bounce right back 15% in a couple of months.
Your lucky to make 1% a year on an ISA. Get a share dealing account set up through your Internet banking account. Takes 5 mins if that and you just transfer money into it and then enter the company name and purchase away.
yeah whats the worst that can happen? its not like we are 5 years into a supposed economic cycle or anything.
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Same geographical coverage as our firm, we mainly do Bonds (high yield) and Equities and Trade Claims.
Are most of your clients (buyers) in the Europe and US as well or do you have a strong base in SE Asia?
I know traders worth are pretty much weighed by their business lines.
US/Europe are about equal, then Russia, then Asia and South America.
It can be pretty brutal trading from Asia. I know prop firms in Singapore and Australia that are open 24 hours because traders feel most of the opportunities come from the time London opens till the New York close. SPI Futures on ASX is less liquid that the DAX on Eurex - I think that sort of market requires a very specific set of skills and is something that would tear apart newer prop guys. If you put interns on interest rate futures, there's limited damage they can do - and I think they just end up sticking with that.
So even though we have futures markets out here, it seems everyone feels that Eurex and CME/CBOT/NYMEX et al offer better opportunities. I rarely look at any markets until the London open. Even Eurex that opens an hour before the London is dead for the fist hour most days till the London boys have at it. That suits me because it means I have the mornings to take the kids to school, get a coffee, go to the gym and reflect upon my miserable existence as a married man whose only pleasure is leering at the moms when I drop the kids off in my second rate beemer.
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US/Europe are about equal, then Russia, then Asia and South America.
It can be pretty brutal trading from Asia. I know prop firms in Singapore and Australia that are open 24 hours because traders feel most of the opportunities come from the time London opens till the New York close. SPI Futures on ASX is less liquid that the DAX on Eurex - I think that sort of market requires a very specific set of skills and is something that would tear apart newer prop guys. If you put interns on interest rate futures, there's limited damage they can do - and I think they just end up sticking with that.
So even though we have futures markets out here, it seems everyone feels that Eurex and CME/CBOT/NYMEX et al offer better opportunities. I rarely look at any markets until the London open. Even Eurex that opens an hour before the London is dead for the fist hour most days till the London boys have at it. That suits me because it means I have the mornings to take the kids to school, get a coffee, go to the gym and reflect upon my miserable existence as a married man whose only pleasure is leering at the moms when I drop the kids off in my second rate beemer.
PMSL ;D
A true Getbigger at heart.
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I have a friend who trades oil from Europe. Has to get up in the night to watch singapore even though nothing usually happens
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I have a friend who trades oil from Europe. Has to get up in the night to watch singapore even though nothing usually happens
There's a man who shouldn't be trading overnight positions.
I know a guy who had his trading machine by his bed. When he woke in the night, he'd get up and check on his positions.
It's an addiction.
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Well he obviously feels the need to do it. He is quite tactical and trades prop for a german utility.
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One guy was very good, was an industry worker who went solo working from home investing his own money, guys like this can and do make a success of it (and BTW he was trading whilst dieting down to 4% bf and training, proper getbigger) drives a top notch Porsche and had just been entrusted with £50mil from a hedge fund to play with.
^Living the dream.
The others were muppets sold a dream....one NHS mum part time worker wanted to get into it, put in 6k....lost a 3rd already. Another doing it for 7yrs and always losing too, and a couple of guys who want the hiphop lifestyle and trade via rose tainted glasses, they seem to be doing ok though as the guy doing the trades is methodical in his approach and uses a more advanced approach than the other people just guessing it. an Oap group aswell lost 6k.
They covered day traders and spread betting...this is as high risk as it gets. they want to "trade" they get sold a packaged platform and given info on how to invest...but the latter is more complicated as they don't tend to give them right tools and access to really be at the front line and make decisions as quickly as hedge funds...etc.
I worked for a spread betting firm in the city, they arrange huge seminars and mock accounts for clients, I used to get complaints every week from people trying to state "unsuitable financial product sold"...etc to try and get compensation/recover lost money. Usually someone new to this, poured in 15k and in two weeks it disappeared, this was very common and the 15k loss amount also was very common.
Scary shit Scorpio
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There's a man who shouldn't be trading overnight positions.
I know a guy who had his trading machine by his bed. When he woke in the night, he'd get up and check on his positions.
It's an addiction.
paul jones apparently has a mirror in his bathroom with market prices on it.
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I kind of know a guy locally who made, well said he made, £20 million from one deal he brokered, although it did take him a year to sort it out. He def has plenty of dough, RR Phantom, house in Gerrards Cross, Bucks. House in Monte Carlo. Some vintage Ferrari. Etc.
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i know someone who is trying to arrange the financing of a top football club at the moment. if the deal goes through it will be worth a few million in commission for him and one other. if it goes through. it will be similar to emirates sponsoring the arsenal stadium, another mid east name, another uefa club.
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I just bought some NXP semi conductor shares.
Who the hell are they?
Well they make the NFC chip that will be used in transactions - the chip will be put in every apple and google handset in 2015 onwards, with the announcement of "Apple Pay" this is going to be a game changer in the way we buy stuff, there is also a new regulation that means all commercial retailers must change their payment till systems and all the replacement units will also be NFC enabled.
The days of a plastic, magnetic credit card are numbered - and apple will be charging Capital One, MBNA to use their services too.
Hence Ebay recently deciding it was finally time to spin off paypal.
$20 a share, now at $80 - but the explosion hasn't happened yet.
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Netflix shares also climbing, had about 3k worth in Oct and now jumped up to 4k in value.
They are rolling out from 50 or so countries to 200 in the next two years, still more growth to be had from them.
Especially now they are making their own shows (House of Cards, Orange is new Black - and recently Better Call Saul , the Breaking Bad spin off)
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Netflix shares also climbing, had about 3k worth in Oct and now jumped up to 4k in value.
They are rolling out from 50 or so countries to 200 in the next two years, still more growth to be had from them.
Especially now they are making their own shows (House of Cards, Orange is new Black - and recently Better Call Saul , the Breaking Bad spin off)
they will probably peak soon
every man and his dog is following that model now
amazon etc
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There is still a lot more markets coming yet bigmc, we are entering the chord cutter period and there is a lot of money to be made.
The only attraction left nowadays for existing cable & satellite owners, is the live televised sports. All other channels, programs and movies are not proprietary to sky and virgin.
A lot of people are paying almost £100 a month, more in some cases with telephone line rental and broadband to the likes of SKY - when all of it apart from sports, is available elsewhere for a fraction of the cost.
BBC, ITV, Channel 4 HD, Channel 5, news are on freeview or iplayer, 4OD etc for zero cost. All the big shows, like Breaking Bad, Sons of Anarchy, Dexter, Walking dead - are available for less than £7.00 a month on Netflix or Prime. You can have both for £14.00.
Considering Sky used to charge a tenner for an extra bedroom and the same again just to watch channels in HD - is just daylight robbery.
You could buy 4-5 blu rays a month of breaking releases, delivered through your letterbox on release day plus netflix and amazon - for less than what people pay Sky blindly every single month. All sky's movies are rom coms and rubbish - anything good is in the sky store.
They reached saturation a couple of years ago, and now people are realising how ridiculously expensive they are.
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Does Netflix make much profit for 7gbp a month? The rest I agree with.
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Does Netflix make much profit for 7gbp a month? The rest I agree with.
they will bump it massively like sky did when they have enough customers
they will factor in an atttrition rate of around 10 to twenty percent
they will try and get enough quality exclusive content to hook people in
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Does Netflix make much profit for 7gbp a month? The rest I agree with.
They have no install teams, no service teams, no infrasture or hardware development cost for sat or cable boxes - it's very profitable indeed.
They licenced the product, load it onto their site - and the only cost is really the cloud servers that host it. As time progresses and tech gets faster and cheaper, their profit margin increases.
Now they are making their own exclusive 9/10 rated shows, they are going to be a major force.
A year ago hardly anyone noticed or bothered about netflix, now everyone is trying their 30-day trial on their smart TV and many , especially those with kids, are keeping it.
If you have kids, the content for them is brilliant. And they can have their own profile and it will suggest things to watch based on their previous choices.
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They have no install teams, no service teams, no infrasture or hardware development cost for sat or cable boxes - it's very profitable indeed.
They licenced the product, load it onto their site - and the only cost is really the cloud servers that host it. As time progresses and tech gets faster and cheaper, their profit margin increases.
Now they are making their own exclusive 9/10 rated shows, they are going to be a major force.
A year ago hardly anyone noticed or bothered about netflix, now everyone is trying their 30-day trial on their smart TV and many , especially those with kids, are keeping it.
If you have kids, the content for them is brilliant. And they can have their own profile and it will suggest things to watch based on their previous choices.
that's what did it for me
my son loves it can load his own profile and comes up with age appropriate stuff for him
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that's what did it for me
my son loves it can load his own profile and comes up with age appropriate stuff for him
It v.good for kids.
If you fancy share trading, i think now you can do it via ISA savings, the benefit is that you wont pay capital gains tax up to a certain amount from your shares going up.
The death of sattellite and the emergence of people using their phones to pay for goods in retail, is opening up a lot of opportunities.
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It v.good for kids.
If you fancy share trading, i think now you can do it via ISA savings, the benefit is that you wont pay capital gains tax up to a certain amount from your shares going up.
The death of sattellite and the emergence of people using their phones to pay for goods in retail, is opening up a lot of opportunities.
Yup, most of my investments are in a stocks n shares ISA especially since the limit is raised to 15k now.
Now I've been leaning more towards my SIPP, as a higher rate tax payer I get tax relief of 40% which pretty much means a 40% top up into what I pay into it. So many people are unaware of this tax relief, e.g. my monthly 1k transfer turns into 1400 before I even start doing anything with it.
Investments wise I stick to 6/7 big companies, strategy is long term hold. Now and then I switch, top up or off load depending on what some analysts put out and my own research (when I have time)
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NXP semi conductors and SWIR (sierra wireless) getting lots of 'buy' ratings lately.
Supply bits for all apple pay devices and sierra do wifi mods for all cars, fridges and future online products.
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NXP jumped from $80 to $100 now in just 8 weeks.
These bad boys will fly soon.
Get yourself an ISA share account through your internet banking provider, and lump on folks.
Wheelbarrows at the ready.
Also stick any spare on Disney, the big mouse is also going to make good money: They have the pixar, star wars and frozen 2 on the way. Those toys and bed sheet sales are going to propel their shares upwards by a good 30-40% by year end.