Hey there! Sign in to join this conversationNew here? Join for free

TSR Trading Society- future millionaires unite! Watch

    Offline

    2
    ReputationRep:
    It's going crazyyy!

    Posted from TSR Mobile
    Offline

    17
    ReputationRep:
    (Original post by A47)
    It's going crazyyy!

    Posted from TSR Mobile
    Indeed it is, but lots of opportunities.

    Trade safely though!
    • Thread Starter
    Offline

    21
    ReputationRep:
    I am so glad that I didn't buy anything yesterday.
    Online

    15
    ReputationRep:
    Really thought Remain would win. Even went long GBP/USD on the initial Sunderland drop. Managed to turn it around during the GBP freefall, redeeming my initial losses somewhat, ended the night +£845. Was expecting way more but not bad for a salvage I guess.
    Offline

    0
    ReputationRep:
    I had money in my trading account (which trades in dollars) I deposit when the rate for cable was 1.47. I did not trade the referendum. Cable fell, withdrew my money for profits I did not expect.

    Literally the best trade I've ever done because really, how long would cable have gone if the UK remained? It traded at 1.50 after YouGov poll at 10pm. 1.55? max. Big banks would have cashed out.

    Exciting times now.

    FTSE100 is higher than it was while the UK was in the EU? Please. With no article 50 triggered it is like another day for everyone. Once they triggered it, those shares will be hit.

    Currently, profits are expected to be high due to cheaper export = higher profits for MNC's. Once the Article 50 gets triggered (which should happen by Nov, and if not we should at least know it is about to happen soon at that point) investors will be expecting these big companies to loose on profits due to higher import costs and god knows what will really happen to VAT and other tax involved.

    I am heavily looking into buying ftse100 options with december/jan expiry, not to mention cable option and possibly some more mining shares.
    Offline

    17
    ReputationRep:
    (Original post by JayPolo)
    I had money in my trading account (which trades in dollars) I deposit when the rate for cable was 1.47. I did not trade the referendum. Cable fell, withdrew my money for profits I did not expect.

    Literally the best trade I've ever done because really, how long would cable have gone if the UK remained? It traded at 1.50 after YouGov poll at 10pm. 1.55? max. Big banks would have cashed out.
    I don't think it would have gone that high to 1.55 tbh. At least, not in the short term.
    The market had already built in expectations of "Remain" winning so once it was confirmed that the UK would stay, it's likely there would have just been a lot of profit taking which would have pushed the Cable back down.

    If you had a look at the Scottish Referendum and its aftermath, once it was confirmed that Scotland would remain with the UK, the Pound fell.
    Offline

    0
    ReputationRep:
    (Original post by nucdev)
    I don't think it would have gone that high to 1.55 tbh. At least, not in the short term.
    The market had already built in expectations of "Remain" winning so once it was confirmed that the UK would stay, it's likely there would have just been a lot of profit taking which would have pushed the Cable back down.

    If you had a look at the Scottish Referendum and its aftermath, once it was confirmed that Scotland would remain with the UK, the Pound fell.
    You are forgetting the fact that cable was priced differently at that time. Run-up to the referendum has seen cable dropping consistently. This time around we have saw a consistent increase, which is why I believe it would have been pushed and only then sold off, not straight away. Winners add to winners.

    Also, cable was falling months prior to the Scottish referendum. It was just being priced to its true value.

    Don't focus too much on Mr Patel, after all, he got it all wrong.
    • Thread Starter
    Offline

    21
    ReputationRep:
    BoE rate announcement coming up at 12:00. Economists expect interest rates to be cut to 0.25%.

    Pound fell against the dollar during early hours but is currently rising as of 11:54
    Name:  image.jpeg
Views: 128
Size:  245.9 KB
    • Thread Starter
    Offline

    21
    ReputationRep:
    Expectations are that no extra QE will be deployed. Possible that pound could fall further if any extra QE announcement does happen.
    • Community Assistant
    Offline

    18
    ReputationRep:
    Community Assistant
    hellllloooooooooooooooo
    Offline

    1
    ReputationRep:
    lol, I don't trade as I know that whatever I buy, it will crash and go down in flames
    Offline

    3
    ReputationRep:
    guys, I'm new and I would like to know like what age are you guys trading at because I'm struggling to find a broker that lets a 16 year old trade
    Offline

    15
    ReputationRep:
    I'm 16 as well and I haven't found any broker that would let me trade. Therefore, I have paper trading accounts with Interactive Brokers and Investopedia (though the latter isn't realistic, whereas the former is).
    Offline

    15
    ReputationRep:
    Excuse my double post, but are you guys systematic (algos) or discretionary?
    Offline

    15
    ReputationRep:
    bump
    Offline

    17
    ReputationRep:
    DeGiro is a decent broker. And dont listen to any of these guys lol trading212 is not trading atall its CFDs, u never actually own any stock you just bet whether its going up or down. but its a good way to start
    Offline

    15
    ReputationRep:
    I don't think that being low cost is equal to being decent. Now, something of a different caliber. Do any of you know the theory of reflexivity in financial markets? If so, what's your view on it and have you tried to apply its principles to your trading/speculation/investing? For your information, the aforementioned theory was developed by George Soros.
    Offline

    5
    ReputationRep:
    How is everyone doing since this society has been active , hows everyones trading doing.... Before I joined this society I was studying and implementing new strategies and could confirm that I am on £1,980 through binary options!!

    Hows everyone else doing
    Offline

    3
    ReputationRep:
    Binary options are extremely high risk. Wouldn't advocate anyone touch them with a bargepole, let alone for an amateur. A lot of binary options companies are outright scams that have dodgy policies to make it as hard as possible for you to extract cash once deposited. Beware.

    Nothing against you A*, but wealth warning needed
    Offline

    15
    ReputationRep:
    My trading activities are going quite well, so far never ended a month with losses. I am mainly focused on commodities and indicies. Sometimes FX comes into play, however I am usually less profitable at it. My trades usually have a time horizon of a few hours.
 
 
 
Reply
Submit reply
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Updated: November 17, 2017
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    What's your favourite Christmas sweets?
    Useful resources
    How much money do you spend a week?The ultimate guide to tax!Guide to student bank accounts

    Sponsored features:

    Web Legend

    Win a Macbook Air!

    Blog about setting up a website for a chance to win in our Web Legend competition.

    Quick link:

    Unanswered money and finance threads

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.