Recession

**DylanBaxendale** · 15 October 2009, 9:46 am

This morning I saw the extreme affect that the recession has had on the banks and it is very scary!

I went to the cashpoints of all the major banks in the UK, RBS, Barclays, Lloyds, Abbey and HSBC

Every single one of them said insuffient funds!

**Webzcas** · 15 October 2009, 9:52 am

**Chalkie** · 15 October 2009, 10:37 am

Very Good!

I chose to hold on to my shares in HBOS!

BAAAAAAAAAD mistake!

£30k's worth in HBOS is now worth about thrupence h'penny in Lloyds group!

**DylanBaxendale** · 15 October 2009, 10:42 am

Originally Posted by Chalkie

£30k's worth in HBOS is now worth about thrupence h'penny in Lloyds group!

I wish you luck and hope that it recovers for you Chalkie!

**Shaun O'neill** · 15 October 2009, 12:19 pm

I have to say that I have been trading RBS and Lloyds shares for the last 4 months I am currently £xx,000 up.

Always money to be made in a recession.

Shaun

**Chalkie** · 15 October 2009, 12:45 pm

Originally Posted by Shaun O'neill

I have to say that I have been trading RBS and Lloyds shares for the last 4 months I am currently £xx,000 up.

Always money to be made in a recession.

Shaun

Good luck to you M8

Not a trader myself just happened to have them, forgot about them and realised when it was too late so just hoping that they one day return to their original value or i will be eternally out of pocket compared to how i could have been.

**Shaun O'neill** · 15 October 2009, 1:09 pm

I am thinking about open a thread in the comming weeks to show people trading ideas right now if you have any free cash it is a great tikme to invest but not all people know how do it and where to start I might be able to help a few people.

I would invest with real money and i could explain each trade with the profits and loss of each trade.

What do you think? would people just think i am turd for doing that?

Shaun

Originally Posted by Chalkie

Good luck to you M8

Not a trader myself just happened to have them, forgot about them and realised when it was too late so just hoping that they one day return to their original value or i will be eternally out of pocket compared to how i could have been.

**GamTrak** · 15 October 2009, 2:25 pm

I think it's a great idea. How much capital do you need or should you start with?

Originally Posted by Shaun O'neill

I am thinking about open a thread in the comming weeks to show people trading ideas right now if you have any free cash it is a great tikme to invest but not all people know how do it and where to start I might be able to help a few people.

I would invest with real money and i could explain each trade with the profits and loss of each trade.

What do you think? would people just think i am turd for doing that?

Shaun

**Chalkie** · 15 October 2009, 2:30 pm

Yer, why not give it a go!

Perhaps we could have a weekly comp to see who makes most with their suggested trading even!

**Shaun O'neill** · 16 October 2009, 5:11 am

I am just about to close a trade and my bank roll is £23,000 which is $37,591.16 , i will also be showing a legal way to avoid capital gains tax

.

I think i will open the thread today seems as good as another day.

Shaun

**Chalkie** · 16 October 2009, 7:24 am

Erm, why are you wanting to close the thread that you opened?

You not wanting to educate us now?

**Shaun O'neill** · 16 October 2009, 7:38 am

I am putting it on hold, i will come back to it soon.

Shaun

Originally Posted by Chalkie

Erm, why are you wanting to close the thread that you opened?

You not wanting to educate us now?

**slotsngames** · 19 October 2009, 2:53 pm

Wow, sounds like great fun if you know how...maybe I'll try my hand at it.

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