Markets are getting a 'we won, we won' lift (from both sides today) but should S&P reach 3520, which it might on Friday, good time to lock in some gains.

Definitely stay away from penny stocks, you will get into trouble with that. I've found it best to buy full lots (100 shares) which makes affording the bigger names difficult. I always like to play the long term game, find a company that has fallen out of favor because some higher up made a bad personal decision or news leaked that the company is involved in bad things, let it dip down and then ride it back up the next few months. 

Yeah is just watching stocks that are either going to withstand lockdowns in theory, the thing is UK launched stimulus via the Bank of England, EU will/have done the same so is always gains.  Senate going republican also means Biden will have a harder time hitting taxes on some companies which would have had an adverse effect on some stocks.

I would also say the more the election result in the US hangs in doubt, the more future instability.



 

I agree Carlo_Brescati, plus 4 days of +1% is pushing for some consolidation. It pulled a bit at the level I mentioned a few days ago, but I think the magic number is going to be 3565 on Friday, start low, end high to shake out the weak hearted. I'm shorting market Friday into close buying SPXS which triples opposite direction of market. But, I feel confident in this one. The world is shutting down and they have been pricing a Biden win for days. What's that saying, buy the rumor, sell the news. Once announced his Biden win on weekend, there will be the realization that even Jesus would be screwed leading Americans through their mess of hate and debt.

Another one to put some easy cash is VIXY, it loves uncertainty and believe it or not, it's at lows.

Market is so rigged :)

Yeah, I am UK and is the usual Glaxo, Legal and general, just eat for up to a month with a lockdown in England and more expected.   If your looking for bargains here on a longer-term bet, Diageo and BAE systems are massively undervalued caused by the lockdowns and brexit, so is money to be made long term as both down about a third.

Is the same with companies like national express is half the price on stock thanks to corona, so long term is big money to be made.   The surprise for me has been gained for compass which could be ongoing, as is hospitality.  Ashtead will continue to grow as long as construction is allowed to continue as they basically hire equipment out to people.

Restaurants, pubs, clothes shop will continue to take a hit especially Whitbread with premier inn losses so if a vaccine appear, suddenly these may look attractive.

ive been thinking about getting into stocks, does anyone have a book they would recommend to someone just starting out?

sorry I mainly use the internet for any research that way, as when markets change, the internet counters it quicker.  Is plenty of videos, pages, etc to view, and some banks will do all the leg work for you if looking for something more relaxed.

I would be very cautious with bitcoin, buy (no more than 20% of your nest egg) when it's low and no one wants it and they think it will turn to shit, then on good days you will feel like a genius

Massive movement this week, never seen a movement like that before. Worked out favourably for me!

Wow, when I started this thread, I didn't think it would get this much attention! I love all of the replies and advice! Very conflicting at some points but it is all insightful! I have had some good luck a couple times with the penny stocks.

Understand this is an outside thread but maybe this could fit in somehow to how the game operates? I'm not clever enough to think how but there is maybe an opportunity there.

wow I day trade everyday 

I never knew people here also did!