thanks ann I intend to besides you cant fish everydayWelcome John!
Day Trading always seems like a full time job to me whenever I have spoken to traders. I knew one trader fairly well and he only traded BHP all day for one and two cent rises. He carried a massive margin loan which he closed off each close of trade. He made a comfortable living as I understand. There is a host of information tucked away here and plenty of people to offer you good advice and a kind word. Please stick around and enjoy!
Welcome Mimpe and good to hear that you have some investing/trading experience. I like your top down method for selecting stocks. Do you use fundamental analysis or macro economic factors in this type of stock selection?Hi
Close to retirement. Self employed with SMSF. Survived 2007 reasonably well. Many years with a full service excellent broker, but we are wondering about costs and perhaps freeing ourselves from the subtle conflicts of interest. I enjoy swing trades on Large Caps, and good risk management, as well as quality education. Interested in CFD’s and shorting but havent got around to it. My current systems include channel trades with straightgorward enties and exits. We do multiple screens from macro to industry to stock to set up. I like back testing indicators that are suited to a specific stocks, and we occasionally do “ washout trades” on long term oversold stocks that are recovering well. . Lots to learn. Not particularly high volume.
Sound good, like given for your reply. Just one more question about institutional support you mentioned above. Do you just stick to the top companies e.g. ASX200 or ASX300 which are generally owed by the institutions or do you have another method for working out which companies have institutional support?We try to take to long positions , even when swing trading, in sectors that combine favourable macro aspects, as well as the companies in those sectors with good cashflows and institutional support. Its most as part of risk management, as the trading part of the portfolio is never more than 20-15 % of the total.
Hi
Close to retirement. Self employed with SMSF. Survived 2007 reasonably well. Many years with a full service excellent broker, but we are wondering about costs and perhaps freeing ourselves from the subtle conflicts of interest. I enjoy swing trades on Large Caps, and good risk management, as well as quality education. Interested in CFD’s and shorting but havent got around to it. My current systems include channel trades with straightgorward enties and exits. We do multiple screens from macro to industry to stock to set up. I like back testing indicators that are suited to a specific stocks, and we occasionally do “ washout trades” on long term oversold stocks that are recovering well. . Lots to learn. Not particularly high volume.
Hi All,
I'm a 31 year old male living in Sydney.
I have two houses, my PPOR in Sydney and an investment in Brisbane.
I currently have an managed fund with about $7500 based mostly around tech stocks, it has taken a hit in the last week or so but that is all part of the market right. I put in $400 to that every month and it has grown quite well considering i only started it in may last year.
I have recently started researching stocks a bit more and i am thinking of moving out of the managed fund into index funds, i am looking at Vanguard funds but don't really know where to start.
I am looking to pull $16000 equity out of my bank loans and add this to my $7500 I should have a little under $24000 to start off with.
My strategy so far is to use the Vanguard high growth index fund and maybe put the $7500 straight into it and use a dollar cost averaging strategy for the rest.
Any advice would be much appreciated, in the meantime i have plenty of reading to do.
Hi Everyone.
I am self employed electrical engineer have traded in Aus for about 18mths traded back home in Sweden but that was 12years ago. Just started an account with IB, bit slow to get moving. Following Aussie stocks now, liking the SmallCaps web page. Intentions are full time day trading.
Good point GG, especially with a house it's hard to let go of. Hard for an investment property and near impossible if it's your own home.I'm not trying to dim anyone's dreams but many of the preceding posts do not seem to have a stop sell option in them.
That is if the market whether it be housing, funds or stocks turns against you, how do you get out.
e.g. If you have a house in Bne worth $700,000 rented for $30-35000 pa and the property market drops 40% which I've seen it do, and your lease is up, how do you manage the multiple gearing of other assets such as funds and stocks around this property?
The banks will value your house at 50% less ( they always do), the renters know it is a rental market and you maybe rent it for $18000 pa to less desirable tenants and then your stocks and funds fall.
Where to from here?
gg
Hey everyone, I’m pretty much just learning how to trade at the moment getting my feet wet and the likes with paper trading, I feel like I’m young for a trader (18) but I don’t really have a clue tbh I reckon the earlier I start the more chance I have of getting ahead. Looking forward to sharing and learning with/from everyone here.
Sound good, like given for your reply. Just one more question about institutional support you mentioned above. Do you just stick to the top companies e.g. ASX200 or ASX300 which are generally owed by the institutions or do you have another method for working out which companies have institutional support?
Hi Aaron welcome! Perhaps you might like to join the Tipping Competition next month as a bit of practice with trading without the $$ risk!Hey everyone, I’m pretty much just learning how to trade at the moment getting my feet wet and the likes with paper trading, I feel like I’m young for a trader (18) but I don’t really have a clue tbh I reckon the earlier I start the more chance I have of getting ahead. Looking forward to sharing and learning with/from everyone here.
Hi Aaron welcome! Perhaps you might like to join the Tipping Competition next month as a bit of practice with trading without the $$ risk!
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