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Beginners - Introduce yourselves!

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Hi guys,

Great to be on this forum. There are more resources and help for trading then I could have ever dreamed.
I've been on the very steep learning curve for a few months now and it's still pretty steep!

Did a bit of trading in my younger years which didn't end too catastrophically. This time I'm doing things properly by taking the time to educate myself as much as time allows for the next couple years and foreseeable future.

Thanks heaps to the contributors for giving so much time and information to those of us keen to learn.
Sir Os newbie thread might be a few years old now but has heaps of great lessons for newbies.

@tech/a your advice and countless posting of charts has been an amazing resource for a technical analysis focused trader like myself.

@Skate your "dump it here" thread has been an amazing read, and I'm working towards in the near future, emulating the rigid trading systems you have been posting, with the help of amibroker. Your ebook is a good read for new traders as well ?

@ducati916 the endless charts, stats and commentary about the US markets and otherwise have been an invaluable help in getting a grasp of a very complex system.

I'd love to buy a beer for any of you guys on here contributing so much valuable information ??????

My goal is to one day contribute to the ASF community myself, help some newbies and pay it forward!
 
Hello All,

Greetings!

I have joined this very informative forum to learn from your adventures and investing journey. I am 36 year old and have been investing in property since 2011. I have done really well out of AUS and USA market and crossed over 7 figures in profit. Happy to share my knowledge to fellow forum members.

However, I have very minimal knowledge in share market. I have made decent money in trading shares with someone’s advice in past. It was very vanilla investing. I bought bhp, RHs, Telstra, APT, etc and sold them when they hit 10% above purchase price .

I am happy to start with $100k as seed money in stock market.

$50k In Aussie/ US long term investing (circa5% yield and 8% growth annually)
$50k In day trading with a view of making $1000 a month and grow from there on.

i have IG account and thinking to join IB.

any advice/ pointers would be a help.

Thanks.
 
Welcome DellRosa

We live in interesting times. Only a few years ago you could do OK sitting back and enjoying your fully franked bank dividends, especially if you could claim franking credits (retiree) for an effective post tax yield of over 10%. That was all thank to the never ending ponzi scheme of importing people to sustain an unsustainable never ending property boom. Telstra became a dividend paying cash cow because of the absurdity of NBN being made to purchase their valueless last hop copper funded by the tax payers by idiots voted into government by idiots.

As far as I am concerned, money is there to be made by actively investing in companies that are doing something worth backing and that represent good prospects of making money. Which companies they may be depends on your risk profile and interests. By active investing I mean managing your risk, adjusting your exposure, cutting your losers early but holding onto the winners after prudently taking some profits along the way (keeping something in the bank for the cyclical opportunities that arise from time to time and for the new exciting stock you want to take a punt on).

I think to be an active investor you need to have some interest in the company you are investing in. This might be because you have picked certain themes as an investment thesis ort it might be because of your own domain knowledge and experience of certain industriess. For me my current themes are Gold [SAR, NST, TBR, DEV, MOH, HMX, MKG] Copper [HCH, OZL, CYM], Nickel (electric vehicles theme) [MCR, WSA, SGQ, ARL, PM1, GAL], Additive Manufacturing (3D metal printing) [3DA, AL3], Biotech [PNV, EMV, MEP, LGP, VTI, AT1 (currently not held)], Oncology Drug Discovery [KZA, REE], Other drug discovery biotechs [ANP, PTX, ACW], Other sustainable energy transition technologies (especially around electric vehicle battery technology ) [NVX, REE, IXR], including electric motorbike maker VMT, and other infotechs like BID, XRO.

As you might guess from looking through the holdings I list above (which are most but not all of my holdings) I am focussing at the moment on trying to identify early opportunities. I'm not the only one; small/micro caps are in season; finance is cheap; investors are being forced into taking on more risk in seeking returns.

Some people invest by the charts. I prefer to find businesses the I think represent genuine opportunity; that is, ones that seem to me to have prospects of succeeding. I then look at the chart to look for signs of market sentiment; whether the market knows something I don't know; or if I have conviction, to time entry, profit taking or topping-up opportunities.

When looking at businesses I like to look research the MD/CEO and the chairperson. What is their bio? What other directorships have they held and currently hold. I like to look at their remuneration (are they lifestyle managers/directors or are they on the same journey as the shareholders in terms of risk/reward). Whether they have skin in the game. How generous their incentive scheme is. Especially in the case of junior mining explorers look out for shareholder dilution traps such as convertible notes. In the case of all small and micro caps and start ups research what options (listed and unlisted) are on issue and what their exercise price and expiry date is.

Always read the most recent company announcements, most recent investor presentations and skim over the most recent reports.

And of course, seek information from the many available online sources such as ASF.

Good luck.

PS: I think day trading is very high risk and not worth it when you can more than double your money over the course of a year on some of your better stock picks if you have more patience.
 

@tinhat a well-detailed response & a great read.

Skate.
 
Hi All,
Only very recently have been educating myself on share trading - have always wanted to invest, but never have! After many years of being an accountant, no less!
I've never been a 'risk taker', but looking to do some light trading as a hobby and bit of fun.

IG seems to be a good online broker tool to use - happy to hear other opinions on how to trade, but I don't think I will delve into paying a broker or management funds. This is probably my next step before I start researching and analysing companies as potential investments.

Cheers!
 
Welcome mik.e, A lot of experienced traders on this site, "Tech.a" is excellent on trading chart analysis as just one of many. I watch charts but prefer to trade or invest on fundamentals myself. The breadth of experience here could be a bit overwhelming to define for a start but take a month or two and you will be fine.
 

@mik.e welcome to the forum.
Gal1leo said:
@Skate your "dump it here" thread has been an amazing read, and I'm working towards in the near future, emulating the rigid trading systems you have been posting, with the help of amibroker. Your ebook is a good read for new traders as well ?
Click to expand...
The "Dump it here" thread
After reading your introductory post I'm convinced the "Dump it here" thread is the best thread to start with. I've covered most topics that new members should find of interest. The "Dump it here thread" is an educational thread steering you in the direction of being a profitable trader. All my posts have been written in such a way to encourage you to read another post.

Help is at hand
New members join our community looking to learn how to trade or invest successfully. I know there are many members who are willing to help you with this. Make the search feature your friend, use it to get answers quickly.

Listen to everyone & read only the post that interest you
From my experience, it pays to listen to everyone & then you decide if it’s relevant or helpful to you. You get to decide what to keep & what to discard. If you don’t listen to the advice you'll forgo the right to learn. Education is the key when it comes to trading. As the saying goes, if what you learn leads to knowledge, you become a fool - but if what you learn leads to action, you can become wealthy. In the meantime check out my educational thread. Overconfidence, lack of attention to details & excessive trust in the judgments of others can bring you undone quick smart in this game.

The “Dump it here” thread
If you read a few of my posts I’m sure you’ll want to keep reading a few more
https://www.aussiestockforums.com/posts/1005967/

Enjoy looking around
If a thread interests you, read it slowly, don't fall into the trap of "speed reading" as it doesn't give you time to fully understand the post let alone the time to memorise all the important stuff. Also, don't rush the learning process, your financial future may depend on it.

Free eBook - Trading Fundamentals - Skate's Beginners Version eBook
https://www.aussiestockforums.com/posts/1014728/

Enjoy looking around.

Skate.
 
Hi Folks,

I've been 'thinking' about investing for several years now, however, have not quite taken the leap yet, for numerous reasons.
Instead of investing in stock market, i have squirreled money into a savings account; and, as an earner of around $38k per year, I'm happy with my savings.

However, since my son has been born, and my health is not as it once was (i am 36), i would like to work towards a legacy that can be passed on.

After reading literature on investing, i would say my mind set is one of long-term (not a get rich quick), and letting stocks smoulder and re-investing back into the business.

The following concerns i have, and hope that some of you folk may kindly answer:

- What to look for in a contract with a broker (online) when your monthly minimum investment budget is 200.00-300.00AUD after initial 5-10k investment;

- how easy is it to migrate to a different broker (is there exit fees, transfer fees, etc) and can migrating cost you a loss.
I don't wish to sell shares just to migrate to a new broker;

- what tools are folks using for reporting purposes, so that can be packaged up to be lodged;

- what research tools do folks use when obtaining insights into established and emerging businesses;

- what, if any, fees (subscription, licensing etc) be claimed as deductions when carrying out the work of investing;

Thank you and i appreciate your time.

Kind regards,
 
If investing a substantial amount,consider the benefit of the 50% discount on your capital gains tax liability.Of course you'd need the patience to hold the stock for at least a year,to claim it.Trading is not so easy as it appears,although a few,do put a lot of time and effort into it and do spectacularly well for themselves.Investing for the longer term ,on the other hand,is whole lot easier and just about anyone with a modicum of education,can learn and over time,make a good living and create wealth out of the sharemarket.
 

@pythagoras welcome to our community, you have come to the right place.

Well done
After reading your post it seems you have done everything right to secure your future, so well done so far. When we start out we tend to be nervous with a bit of apprehension thrown in. Being a low-risk taker "Licenced Investment Companies" (LIC's) maybe your starting point to get your "foot in the door" when it comes to trading. LIC's trade like shares.

LIC's
LIC's compared to "actively trading" forgo outstanding returns because of the way they are structured "but" it's a safe (as can be) passive way of investing, they are dividend investors for a better word. "Licenced Investment Companies" (LIC's) are long term holders of the big low volatility companies (they play it safe). Low volatility shares normally go hand in glove with low returns. Investing your initial funds in licenced investment companies (LIC's) has the ability to give you a greater sense of stability, security & peace of mind. Also knowing your funds are professionally managed, it's a perfect vehicle that would get you started in the markets. As I previously said - "LIC'a trade just like any other share". Establish a CommSec "CDIA Account" & you are ready to go. Add more shares as funds become available.

Do some research
Argo (ASX: ARG) https://www.argoinvestments.com.au/ and Australian Foundation Investment Company (ASX: AFI) https://www.afi.com.au/ are two funds that have been constant dividend performers & prices at the moment indicates capital growth could be on the cards as well.

Set & Forget Investing
This investment strategy, investing for dividends, is a simple ‘set-and-forget’ style of investing, it’s easy and stress-free, over time there is a double whammy, dividends and capital gains. The "dividends can be reinvested" through their dividend reinvestment plan (DRP) or you can have the dividends paid into your bank account for living expenses, it’s up to you to decide how the dividends are dispersed.

Investing can be scary
No investment strategy is safe, but this style of investing is on the safer side, on the lower scale of risk. LIC’s are safer than most other investment vehicles because they have pooled funds that are professionally managed and they aren’t affected by member withdrawals as they are ‘closed funds’.

Help is only one post away
The Aussie Stock Forum is chock full of members who are only willing to help if you have any questions.

Read my 'Dump it here' thread
In the meantime check out my educational thread. Education is key when investing. The 'Dump it here' thread starts here: https://www.aussiestockforums.com/posts/1005967/
Investing is what you have asked about but if you want to know what's trading is all about it can be found here: https://www.aussiestockforums.com/posts/1040134/

Just for you - a free eBook (to get you started)
Trading Fundamentals - Skate's Beginners Version eBook
https://www.aussiestockforums.com/posts/1014728/

All the best...

Skate.
 
bdvwork said:
Good day! I'm very happy to find this resourse. Hope it will be useful in learning
Click to expand...

@bdvwork welcome to the Aussie Stock Forum. I'm positive you will find the information that you are seeking as this forum is chock full of knowledge members who are willing to help if you have any questions. In the meantime check out my educational thread & read a few posts.

Education is vital when investing or trading
The 'Dump it here' thread starts here: https://www.aussiestockforums.com/posts/1005967/

Just for you - a free eBook (to get you started)
Trading Fundamentals - Skate's Beginners Version eBook
https://www.aussiestockforums.com/posts/1014728/

Enjoy looking around..

Skate.
 
tigo13 said:
G'day, long time lurker of the forum, and I've only recently managed to get things sorted to start trading full-time. Excited to join the community to learn and share.
Click to expand...

Welcome to the community @tigo13. If you need any help finding your way around, just post in the ASF 'How do I do it?' thread with your question and either me or someone else will answer you over there.

The key to exploring the vast amount of content here at ASF is to use the site search. If you are searching for keywords that you might expect to find in a thread title, such as "technical analysis" or "gold price", then be sure to check the box that says "Search titles only" and the search results will only return threads where those keywords are contained in the thread title.

Other than that, it is advisable to review your account preferences to ensure that you have everything set up the way you want it. You will see various other options and settings on the left of the account page that you can customise.

I hope you enjoy the forums!
 
tigo13 said:
G'day, long time lurker of the forum, and I've only recently managed to get things sorted to start trading full-time. Excited to join the community to learn and share.

Kudos to everyone

cheers,
Click to expand...

@tigo13 welcome in joining our community ("formally"). Getting things sorted to start trading full-time is a big personal commitment. No matter what stage we are at in our trading journey we all have something to share.

Help is only one post away
The Aussie Stock Forum is chock full of members who are only willing to help if you have any questions. As Joe suggested, make the search feature your friend, use it to get answers quickly.

All the best.

Skate.
 
Greetings from the USA!

I found this forum when searching for info about Nick Radge's Weekend Trend Trader system. I have been looking through the WTT thread and also Dump it here thread. I have been running the WTT strategy since the beginning of 2020 and it gave me a return of 24.04% last year.

I was interested in AmiBroker and skate's tutorials on coding a strategy encouraged me to buy it this past Saturday. By Tuesday I had coded what I believe is very much like the WTT strategy as I read it from his book. [I made liberal use of skate's template, which was very educational.] I look forward to interacting with you smart guys.

I had been running my WTT strategy against the SPX400, SPX600 and the NASDAQ100. From backtesting in this universe I noticed that the returns were OK, but not really great. So I went back to the WTT book and saw that for Nick's published backtest he used the Russell 3000 and only stocks between $1 and $20. I ran the test. Boy what a difference! It gets very good returns in that space.

I look forward to learning more from this community and I hope to share my WTT strategy in the near future. I was new to AmiBroker but have been a programmer for 40+ years, let's just say.

Greetings, and many happy returns!
dpong

PS. I used to be gpond, but I changed.
 
Hi All,

Only just stumbled on to ASF today. I have previously been learning some technical analysis methods but have found the discretionary decisions that need to be made don't fit well with my personality. That led me down the path to seek more mechanical methods that provide clear signals.

Being incredibly green im looking forward to learning more about the developing and coding trading systems. It seems like the "dump it here" thread is probably the best place to start?

Hopefully at some stage I can start giving something back to the community

Handles
 
Guime is my handle. I have been using AmiBroker, on and off, for several years. I have learnt a lot of syntax, logic and coding in general, but I an stuck on the latest idea where I want a specific trailing stop loss. Where/how can I attach my question and sample? Thank you. I just found this window, so I hope that it works.
 

Attachments

  • Trailing Stop Loss charts and comments Jan 2021.pdf
    165.9 KB · Views: 11
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