Australian (ASX) Stock Market Forum

Beginners - Introduce yourselves!

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cynic said:
Welcome to ASF!
I do hope, that amidst the inevitable frustrations, that will almost certainly lie ahead for any aspiring derivatives trader, that you do gain some joy whilst riding a somewhat accelerated learning curve.

Please don't be afraid to post some of your experiences, no matter how glorious or inglorious they may be!

Other aspiring members, can often gain valuable insight from others' experiences, and ,depending upon your level of exerience, some of ASF's more seasoned market warriors, might potentially, be able to offer some useful insights of their own,in the hope of aiding you in travelling the challenging road that lies ahead.

Anyway, one important thing to keep in mind about securities market derivatives trading is, that with only a small minority of exceptions, it is essentially a zero sum game. That is, whilst a derivatives trader seeks to profit at the expense of the derivatives market, that same market seeks to profit at the expense of the trader, hence my reason for referring to the more experienced derivatives traders, as "seasoned market warriors".
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Hi cynic, thanks for the welcome...i do indeed enjoy the process. I will have to make sure i dont surcome to the belief that i have special abilities beyond those of the average trader. I hear that most are not succesful in their endeavors to pull money from the market.

For me it will be a long journey that has many tangible benifits. I simply enjoy the process of learning.

Thank you for the note on the zero sum game. I have come across this before yet i have somewhat rudimentary understand on the business models of these brookers. Im learning all the time so thats the important thing. I enjoy listening to trade related podcasts also. They are a great way to get info whisllst on the road ect.
Cheers
 
Hi all,

I am not much of a poster but I have enjoyed reading many of the posts here and I am amazed that you have many members spending so much time and effort educating others so thankyou.

I have a SMSF and a few individual holdings that will hopefully do well this year, but basically a beginner with a lot to learn.

Cheers

Trav
 
Hi all,

New to the forum and trading. Ive just completed reading a book called 'The Monthly Income Machine' and was making complete since and I couldn't wait to start the practical. But this is when it all started to get a bit strange. I opened a IB paper trading account and tried to do some trades and then figured out that you can only do this when the US market is open (thats how new I am :)) but even trying that it was so easy to put the theory from the book into practice and then started doing further research and found how different wanting to trade from Oz is. I guess the book is more aimed at those in the US or even other parts of the world who have less restrictions.
So what I have learnt thus far is:
  • There are two trading platform contenders: Schwab and IB (still cant work out which one is better)
  • The only viable market is the US
  • Tastytraders is a great page to get the basics
  • If it was easy, everyone would be doing it.

So my quest continues and I will battle to find my way around.
My one question I do have to fellow members (and I'll create a separate post for this one) is, does anyone trade option on the LSE, as this would obviously be an easier timezone.

Thanks!
Drew
 
Lithium said:
Heya guys, new stock investor here from Sydney.

Just came across your forum and hoping to learn and grow! Excuse my newbie questions :)
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Welcome to ASF Lithium! :)

You'll probably find that a lot of your newbie questions have already been answered in other threads, so I recommend getting familiar with the forum search as it will help you track down useful threads from the past. There's lots of great content in the ASF archives. Of course, if you can't find what you're looking for then feel free to start your own thread.

If you have any questions about the website, or how things work, please don't be afraid to ask.
 
Hi though i would add my bit ,I'm a part time trader (hobby) trying to turn it into a business.Been trying for so long i think i should have quit. But here i still am reading books and such but i am slowly getting there, just didn't know it would take so long.
 
Welcome willoneau.

It does take a while to get a good grip on trading, just like any other trade/profession.
There is lots of information here, much of it better than what you might find in a book!
Use the search function and don't be afraid to ask questions.
Good luck continuing your journey.
 
Thanx dutchie i have been around awhile , used to follow Radge in his forum untill it was made members only and i was a member to it for over 5 yrs
 
willoneau said:
Thanx dutchie i have been around awhile , used to follow Radge in his forum untill it was made members only and i was a member to it for over 5 yrs
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Welcome to ASF willoneau! It's great that you found us.

Please enjoy the forums and if you have any questions, don't be afraid to ask.
 
Great to see so many new members. It will be interesting to see how far the market retraces on this correction. It could be a good buying opportunity.
 
Purchased a few shares in two junior miners and one AI company a few weeks ago through my super account. I did a fair amount of researching beforehand, but now realise I know nothing about trading and appreciate how risky those buys are. So here to trawl through posts and links to glean what I can
 
RedDirt said:
Purchased a few shares in two junior miners and one AI company a few weeks ago through my super account. I did a fair amount of researching beforehand, but now realise I know nothing about trading and appreciate how risky those buys are. So here to trawl through posts and links to glean what I can
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Welcome to ASF RedDirt! It's great to see you have jumped right in and started posting in some stock threads. I look forward to more of your contributions. :xyxthumbs

If you need any assistance or have any questions, please let me know.
 
Good afternoon, I have finally built up the courage to begin my new path of successful trading (currently optimistic). I don't know where to begin but I do know I need guidance and mentoring from those who do. I ask sincerely and trustingly does anyone have any specific steps to start?

I am endlessly reading/researching/watching listening to everything I can but am struggling to establish a solid start point. The information overload has almost been detrimental to me starting.

Can anyone recommend hands on seminars or good hands-on experiences for a beginner?

Thanks,

Cunno
 
cunno said:
Good afternoon, I have finally built up the courage to begin my new path of successful trading (currently optimistic). I don't know where to begin but I do know I need guidance and mentoring from those who do. I ask sincerely and trustingly does anyone have any specific steps to start?

I am endlessly reading/researching/watching listening to everything I can but am struggling to establish a solid start point. The information overload has almost been detrimental to me starting.

Can anyone recommend hands on seminars or good hands-on experiences for a beginner?

Thanks,

Cunno
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Welcome,

There's plenty of old and current threads where experienced users talk through there trades and trade management. TBH trading will take a lot of time. I have underestimated this which is why I haven't done as much trading as I would like.

Depending on your trading experience a lot of the information in many of the threads may seem too "advanced" or not relevant but I think with time you will begin to realise the wealth of information shared here.

Good luck with your journey!
 
jjbinks said:
Welcome,

There's plenty of old and current threads where experienced users talk through there trades and trade management. TBH trading will take a lot of time. I have underestimated this which is why I haven't done as much trading as I would like.

Depending on your trading experience a lot of the information in many of the threads may seem too "advanced" or not relevant but I think with time you will begin to realise the wealth of information shared here.

Good luck with your journey!
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Evening jjbinks,

Appreciate the advice. This forum and various threads definitely have been very inciting in the limited time I have used.

It awesome to have the ability to share ideas with other members who are on the coal face of modern stock investing.

Just need to stay in check and be careful not to be emotionally enveloped.

Regards,

Cunno
 
RedDirt said:
Purchased a few shares in two junior miners and one AI company a few weeks ago through my super account. I did a fair amount of researching beforehand, but now realise I know nothing about trading and appreciate how risky those buys are. So here to trawl through posts and links to glean what I can
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I prospect for gold and have done a couple if extended trips to the WA gold feilds. There is a good series on youtube designed to help investors understand the nature of gold deposits. Its from sprot and should be able to be found ysing the search term gold deposits 101. Probably about 10 hrs of video in the series. I enjoyed it as i like geology and gold. Cheers
 
Howdy Folks. Total newbie here. 35yo in Perth and trying to be a sponge and connect with other traders locally and online with plans of putting together a solid business/trading plan and making the career change in the near future!
 

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