Hi All,

I am new to stocks and shares. I invested a small amount on Oil around a month ago when it was at $15 a barrel with 10x leverage on it  courtesy of Plus 500 and sold at various stages but the most recent sale was for my remaining amount at $34 a barrel. I have now paid for Stockopedia and have been fully engrossed in videos, discussions, stockranks etc. and have invested my profit from Oil in around 25 different companies with varying risks to diversify including Royal Mail, Halfords, Ferrexpo, Smith and Nephew, Nio, Barratts, Persimmon, Rio Tinto, BHP etc. I have, however, still purchased these shares with 5x leverage on Plus 500 and Trading212 as I still only have a fairly  small 4 figure amount.  Would you guys all avoid leverage or do many of you use it? I am just trying to figure out the best way forward for me as I don't have huge sums to put on so the leverage system is riskier but more fun! Would you still follow the StockRanks even though I am using leverage? What are the best ones to look for when buying with leverage? Obviously Plus500 and Trading 212 don't have too many companies on them so I have to only pick the StockRanks that are on them. 

I have just bought some books including The Naked Trader so apologies for all the questions, I am just trying to learn as much as I can.


Thanks a lot in advance,

Matt

Unlock the rest of this Article in 15 seconds

or Unlock with your email

Already have an account?
Login here