[SPECULATE TO ACCUMULATE]
Oi Oi. Well, a fairly boring day at college today so came home looking for some excitement. SEO did what I thought it would today, I guessed the price right each time I checked so fairly happy with that. When I came back.. well, I jumped on and spotted a ramp opportunity on ASG. I have absolutely no idea what they do but historically.. it looked like a great buy so I got in for 4.35 and then again at 4.5.
Monday morning will be the big one as far as I'm concerned. Perhaps I'm in way too deep.. seem to be spending a lot of time looking at charts and numbers and all sorts of stuff.. but oh well. Anyway, still deep deep in the red for SEO but next week.. we'll see. Exact same scenario with ASG, either I could double up next week or go totally bust. Anyway here's an interesting picture from just after I bought ASG and it went down a tad, I topped up, then it went up so here's the two sets of pictures of my portfolio - scary reading!
I'm not sure why I can't put them side by side but who cares. The point I'm trying to make is the same one I attempted to make to my classmates. They all consider this stuff gambling (it's worse than poker apparently! lol). But you have to spend money to make money, and you have to be willing to put it all on the line otherwise you should just buy a unit trust or a managed fund or dump it in a spank. £80 is a lot to some of them, but that was lost and gained back within 3 minutes. Potentially I could make £500 on Monday.. potentially I could lose my entire portfolio. Either way I wouldn't make the £500 without risking my portfolio. You don't win a hand at poker without betting, and you don't get anything out of life unless you put some effort into it.
I've also learned I'm entitled to £1000 travel expenses while at college which is good. I was thinking of offsetting that against any potential loss - or investing when I get it.. if it arrives. I sold RBS (what a dog of a share) today for a £80 loss to pump money into ASG and SEO. If these give me good profits I will be back in to RBS and maybe even SFR for long term. SFR is down to less than what I bought it now I think so good sell yesterday. If anyone is reading this and has a spare 2-300 pounds then buy some BARC, HBOS or RBS for a childs nest egg.
Monday morning will be the big one as far as I'm concerned. Perhaps I'm in way too deep.. seem to be spending a lot of time looking at charts and numbers and all sorts of stuff.. but oh well. Anyway, still deep deep in the red for SEO but next week.. we'll see. Exact same scenario with ASG, either I could double up next week or go totally bust. Anyway here's an interesting picture from just after I bought ASG and it went down a tad, I topped up, then it went up so here's the two sets of pictures of my portfolio - scary reading!
I'm not sure why I can't put them side by side but who cares. The point I'm trying to make is the same one I attempted to make to my classmates. They all consider this stuff gambling (it's worse than poker apparently! lol). But you have to spend money to make money, and you have to be willing to put it all on the line otherwise you should just buy a unit trust or a managed fund or dump it in a spank. £80 is a lot to some of them, but that was lost and gained back within 3 minutes. Potentially I could make £500 on Monday.. potentially I could lose my entire portfolio. Either way I wouldn't make the £500 without risking my portfolio. You don't win a hand at poker without betting, and you don't get anything out of life unless you put some effort into it.
I've also learned I'm entitled to £1000 travel expenses while at college which is good. I was thinking of offsetting that against any potential loss - or investing when I get it.. if it arrives. I sold RBS (what a dog of a share) today for a £80 loss to pump money into ASG and SEO. If these give me good profits I will be back in to RBS and maybe even SFR for long term. SFR is down to less than what I bought it now I think so good sell yesterday. If anyone is reading this and has a spare 2-300 pounds then buy some BARC, HBOS or RBS for a childs nest egg.
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