My friend everyone is giving you good advise.You have 5k which you dont want to squader on a venture. Preserve your capital and do some quality researcing and paper trade.Profit or loss even on paper "IS a PROFIT OR LOSS" treat it like that and you are on the right path.

Use this analogy: If you want to DRIVE than you need to get some Lessons,the rules of the Road, the Do and Donts. Also the car size speeds your heart can take and what you can control.

I hope this helps but at the end of the day its your "money and u take your chances" but without sound knowledge you are better off putting it on number seven on the gigis.

rgds
zarif

Hi
Been reading your thread & very interesting. I asked a few questions when I started and certainly didn't get as many replies as you, so well done. I am also a novice so this is not 'advice', just my experience. I invested some small amounts off my own back from newspaper tips & did OK so got a taste....Bought shares mag and then found this site. As regards BGY...I started reading the threads and got carried away and bought these. As they went down I regreted it as everyone had been so positive and one of the comments made me feel a bit silly if I didn't buy. I believe long term still Ok but I want to trade short. So beware...noone seems to fill in their profile so you don't know who they are, keep reading all the threads and you will get to know who is reliable. I started carefully with slow growth, solid companies but decided I wanted to be more daring. As they say, if you want higher gains, take higher risks. I now invest more in riskier co. Petra diamonds and petroceltic, up & down but I've had good profit whilst keeping backup in big companies. (I'm still tempted to take out though as too slow for me!!) Best of luck.

Sorry off the topic:
Amberjane -Did you get my internal Mail??

Also back to the topic.
Try Trendwatch Publications- Its one month Free and has quite a lot of info in it regarding shares what to buy and what to avoid etc.

www.trendwatch.co.uk

have a look at it -nothing to lose and keep your options open.

rgds
zarif

Trading with a 5K pot will be very hard, because of the spreads/costs.
If you have a margin account the price can move against you very fast and you will have to close at the worst possible price and generally it will be the exact price the share will turn back in your favour. So if you do trade like that, make sure you keep plenty of available margin in hand.
Small caps are okay if you are not in a hurry to sell and do the research.

Zarif

Many thanks in advance for your reply. Have seen in index but trouble with AOL and can't open anything??

Putting my thoughts together now for a trade in the morning, something small (have u seen the 'tiddler' thread?) as I can't leave my money over weekend without it 'having a chance'. (I was going to say 'without it earning' but don't want to tempt fate..)

amberjane,
Have you worked out what price the share will have to achieve for it to breakeven on the costs (stamp, spread, brokers?) and is that a feasible target if at all?
There is always another bus another day if you miss it, so don't rush it.

This is all very sound advice. But lets assume I can afford to loose 5k.

When shares tips a share the next morning it goes up. How can I buy the share first thing in the morning at yesterdays closing price or can i pick it up so that i catch it on the way up.

For instance say joe bloggs closed yesterday at 6.5p. But jumps up to 9.5p in the next morning.

Now can I buy the share as it goes i.e at 7p or is the opening price the best i will get even if i put in a limit order

You shouldn't buy a share because it is tipped in a magazine. And if you wait, more than likely the share price will fall back anyway.

If you use CFDs you can buy in the opening auction pre-market, but not necessarily at the previous close price.

Thanks Jumpin, but no I don't work out little things like that. I know to you experts its possible but my experience is the market never does what you think so why predict. Didn't do anything this morning just research. Been looking at a new issue Central African Gold, Phil Edmonds is Chairman, is he same guy that launched CFM? If so that went from to 3.25 to 9.5 in a year. (I know, bit long for me). Appreciate any info if known??

ps. thesaurus - Assuming you could afford to lose 5k. My suggestion, go to option 1. of 38's thread, forget that you don't know me (and that love stuff) and buy me..........
Failing that, have fun 'playing' the market.

amberjane,

The company of which Phil Edmonds is Chairman is Southern African Resources (SFU). They were tipped as an accumulate in Shares Mag Oct last year at 4p, they are 33p today. Should have bought some. Never mind!!

Hope this helps

Rgds

PTH

tempting offer amberjane

Check out some details for DTC, Thesaurus. You could have lost a packet if you had held these early last year or before or take a look at TWT. It is very,VERY easy to lose your cash and your confidence if you try to make a quick buck (or Pound). Be cautious and always do thorough research yourself. Remember opinions are just that and even 'experts' get it wrong (remember Norman Lamont and our lost Billions!). Be careful.

You'll never know which was more exciting!! Oh well such is life. (told you I liked 'high' risk) Hope playing the market doesn't prove tooooo painfull. Good Luck.

ps. Although my 2 high risk shares are soaring...didn't tell you about the 6 that are down..time will tell, I still have faith.

Regards, AJ

ptholden

No it didn't help, it hurt! I didn't buy either. Still is it the same guy for this new company?

Regards, AJ

amberjane,

Out of curiosity, what attracted you to Petra and Central African? Was it Shares rag, or something else?

Hilary,

DAILY MAIL!! That's how I got started with their tips. Not been so succesful with the ones I've picked from Shares so far although I nearly went for Tadpole!!!

Interesting, amberjane, thanks.

Invest 2,500 in high risk /Cash 2,500 ?
rgds

Daily Mail! One of the members of the investment club i'm involved used to suggest tips from the daily mail - and every has done really badly including 4 wipe outs! I managed to stop the other members going along with tips for the last 18 months and the worse share is down 4%, the best is up over 40% and we have been able to take profit (through stop loss) on 2 shares. I should sit down and work out how much we are up overall............

Amazing, it's only been 12 months not 18 month and the portfolio is 40% higher than the cash added to the account (received a few dividends too!) Not bad for a very conservative portfolio based partly on high dividend return.