Daytrading Stocks and Futures from Ireland.

Re: to lose money

Yes, you're right Nick. The point I was trying to make badly is that the government stamp duty and the charges that Irish Stockbrokers add on hurt you more with lower amounts of money if you are trying to day trade. On larger amounts of money it is easier to recoup this loss in a lesser amount of time.
 
Remember you are the last to know...

If you are making a profit you are not making a loss. The market is far to volatile to stay in for any length of time. My own view is to make a quick in and out and take your profit. Even if you only make €50 it will pay for a pint in Cafe Insane. Most of the websites such as www.iii.co.uk will let you view the daily trades in a particular share on a 15 minutes delayed time. They also show an intraday trading graph. If you have a look at the RNS news you can look back over the various trading statements/announcements/results you can also view the fundamentals of a company. While you can make money trading on rumour and sentiment or by trading around results or ex dividend dates you are far better trading on good fundamentals and good management. No one can predict a Sept 11th though.
 
Re: Daytrading on the Irish Stock Exchange

In addition to the 1% stamp duty the Irish Stock Exchange is too small to daytrade on. The size of the xompanies and the volume in most cases is too small and the spreads are too large.
 
daytrading on the Irish Stock Exchange

Of course, I am not happy with the ridiculous 1%
stamp duty too, and that is not covinious for the
daytraiding, but we have do nothing with this,
however we can trade one time in a day or in a week.
Irish shares are not volatile in compare to US/UK,
but they are much predictable.

Are there any opinions ?

Thanks for any replies

Nick
 
Re: daytrading on the Irish Stock Exchange

but they are much predictable.

I don't agree at all. If they were so predictable we'd all be millionaires!
 
Re: daytrading on the Irish Stock Exchange

I think Nick's point may be that Irish shares are more predicatble in comparison with say Nasdaq shares, which is quite true. Shares on the Nasdaq (& not necessarily the NYSE) fluctuate greatly.
This is the not the case with most shares on the ISEQ.

You'd only be a millionaire if you were regularly investing large amounts of money (sensibly) in Irish shares.

Piggy.
 
Irish shares

Thanks Piggy. That is what I meant.
Many shares on the Nasdaq Stock Market
are overvalue at the present and trading on it
is dangerous without deep researches.At the same time
Irish market is quite quiet and we can deeply find out
any information about any companies.
I have found the Ryanair's shares is
quite volatile for regulary trading ( not daytrading)
and house builders' company are good potential
for the rising until the house prices are so high.

Thanks

Nick
 
Re: Irish shares

I think Nick's point may be that Irish shares are more predicatble in comparison with say Nasdaq shares, which is quite true.

No offence but can you point to some authoritative information on this so?

I have found the Ryanair's shares is quite volatile for regulary trading

I don't understand the significance of this particularly since Ryanair trades on both the ISE and NASDAQ.
 
Re: Irish shares

"No offence but can you point to some authoritative information on this so?"

I don't know about Nick. I can't provide you with hard facts on this...at least without doing some research, but the Nasdaq is a tech-heavy market and has always been the more volatile of the American markets. From reading books on the subject, listening to the guy who started the Investment Clubs in Ireland and from some relatives of mine (one in particular) who day trade and/or regularly trade, the Nasdaq is a lot more volatile than our own market. In the same vein, most traders view the NYSE as being more stable, investing generally for the longer term with these shares.

Piggy.
 
Re: Irish shares

OK - I accept that NASDAQ for example may be more liquid than the ISE but that doesn't necessarily make either more predictable than the other in my view. For example, some ISE shares don't trade at all for days/weeks on end and one could argue that the lack of intermediate activity actually makes predicting the next trades of such shares more difficult than if they were more liquid. Either way, nobody can predict the future with any degree of accuracy so maybe it's all a moot point?
 
Re: Irish shares

That's a fair point Clubman.

I don't know all that much about the ISEQ, bar what few shares I've invested in, but just on the point that some shares don't trade for long periods of time...that's quite true. One thing I have noticed about those shares...and I won't mention any particular companies, is that most of the Brokers, Davy's and Goodbody's in particular are pretty good at telling you that the share is going to move today/tomorrow. They usually stick some comment in their news and comment section about such and such being a good buy right before the share price goes up.
Obviously the above is anecdotal feedback at best...just something I've noticed.

Piggy.
 
Re: Irish shares

No matter how authoritatively they dress up their comments, brokers are no more able to predict the future than me or you or Mystic Meg! :\
 
Re: Irish shares

Absolutely, I totally agree. My point was, from a purely anecdotal point of view, that wherever I have seen them put in BUY advice for a certain share that has not traded in a long while, it usually moves that day or the next...generally in conjunction with some news concerning the company or the market.
 
Re: Irish shares

If this can be shown to be the case then the only explanations that I can come up with for this are:
<!--EZCODE LIST START--><ul><li>Illegal insider trading which obviously no reputable broker would engage in</li><li>Self fulfilling prophesies (brokers predict a fall or rise so the punters trade in such as way as to make this come true)</li><li>Pure luck/coincidence</li></ul><!--EZCODE LIST END-->
 
Re: Irish shares

Well, I think if it's any of the three it must be self-fulfilling prophecy. If a broker learns of some financial report coming out for a company which is forecast to be good...and they advise people to buy...then it would probably be classed as self-fulfilling prophecy.
I don't think pure luck is involved, as I'm talking about shares that may not have traded for months and I doubt it's insider trading for the same reasons you've given.

I assume though that it's just as likely to be the broker providing it's customers with relevant financial information pertaining to a particular stock which they feel will prompt buyers in the market.
 
Goodbody's forecasts

Hi Piggy,

You are right, Goodbody's suggestions to buy or sell
have been made according to financial reports and
that is nothing wrong. For example, if Ryanair gets
pofit why there is not to be an advice to buy it?
Financial reports are the main piont to make advise
to costemors buy, add or sell for Goodbody broker.

With respect

Nick
 
Re: Goodbody's forecasts

If such information is public then the fact that a broker makes a pronouncement one way or another on it is irrelevant since somebody will have seen the report and acted on it by the time that the broker makes such a pronouncement. This is simply the Efficient Market Hypothesis at work. There is no magic here folks. Nobody can predict the future full stop.
 
Re: Goodbody's forecasts

No one is saying that brokers are predicting the future or that they're magicians Clubman...I was just passing on some anecdotal points on the predictability and calmness of some shares on the ISEQ which are rarely traded.

Piggy.
 
How to calculate the P/E-ratio

Hi all,

Could anyone explane me, please how to calculate
the P/E-ratio and give me an example?

Thanks for any help


Nixk
 
Re: How to calculate the P/E-ratio

Hi Nick,

According to the


P/E Ratio (Price/Earnings Ratio)
A stock analysis statistic in which the current price of a stock (today's last sale price) is divided by the reported actual (or sometimes projected, which would be forecast) earnings per share of the issuing firm; it is also called the "multiple".

Regards,

Piggy.
 
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