Savings Interest Rates Getting Worse

Froddy

Froddy

Member
Messages
1,072
rockits said:
Thought I would make another little update as it has been some weeks since the last one.

So still beavering away working my socks off on my day job but also with the trading as well. Just over another month gone by and another chunk of profit banked. Currently sitting at £42500 banked profit and sitting on an additional £30k paper profit if I sold all positions today. I have added another £10k of current tax year ISA cash to the pot as well to allow me to trade even more. Not far of getting the combined pot of ISA's and spreadbetting accounts balances up to £200k. I would like to think I could keep going to the end of the year and finish the year or 9 months of trading at circa £60k banked profit or around £6k per month.

If I can have this pot mainly in cash only leaving good solid long term positions left open at year end I will be ready to hoover up so cheap stocks when the markets implode Q1 or Q2 next year.

That has slightly bettered my expectations but just goes to show what a simple man can achieve with some time and effort. It has been a massively busy and hard going 9 months if I'm honest and not sure I can keep this pace up or time invested much longer. However hopefully the new work office and some full time help with the business will make a big difference soon. When I find some full time help that is!
Click to expand...
Congrats, Rockits - you're smashing it!

So, so pleased for you ...
 
Wattie

Wattie

Member
Messages
8,640
rockits said:
Thought I would make another little update as it has been some weeks since the last one.

So still beavering away working my socks off on my day job but also with the trading as well. Just over another month gone by and another chunk of profit banked. Currently sitting at £42500 banked profit and sitting on an additional £30k paper profit if I sold all positions today. I have added another £10k of current tax year ISA cash to the pot as well to allow me to trade even more. Not far of getting the combined pot of ISA's and spreadbetting accounts balances up to £200k. I would like to think I could keep going to the end of the year and finish the year or 9 months of trading at circa £60k banked profit or around £6k per month.

If I can have this pot mainly in cash only leaving good solid long term positions left open at year end I will be ready to hoover up so cheap stocks when the markets implode Q1 or Q2 next year.

That has slightly bettered my expectations but just goes to show what a simple man can achieve with some time and effort. It has been a massively busy and hard going 9 months if I'm honest and not sure I can keep this pace up or time invested much longer. However hopefully the new work office and some full time help with the business will make a big difference soon. When I find some full time help that is!
Click to expand...
That’s terrific.
Can you outline some of your positions for us?
 
rockits

rockits

Member
Messages
9,172
Wattie said:
That’s terrific.
Can you outline some of your positions for us?
Click to expand...

LOL.....I might PM you screenshots of all positions as I have a few! Around 100 or so open positions at the moment!!

If I am honest I am quite amazed how much can be made and reasonably easily. I have not been totally useless but have made a ton of mistakes so of course there is room to do worse but there is an awful lot of room to do even better as well. Goodness only knows how much a real pro can and does earn in modern volatile/changeable markets.
 
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