Beginners - Introduce yourselves!

[Grason]

Howdy Gang

Found this forum while trying to get info for croesus mining. I purchased these shares when a friend advised me to get on board a long time ago. As you are all aware I am very new to this and to start off with croesus mining, not a brilliant start.

If anyone could point me to more info on Croesus I would greatly appreciate it.

Look forward to learning about shares as opposed to taking a blind punt from the advice of a mate.


Cheers

 

[nighteyes]

hi

New to the group. Posted to several discussions and came across this whilst browsing.

I am Melbourne based.

Been trading sporadically for the last few years and was looking for information on some vendors when I stumbled onto this.

Great forum

 

[drlog]

Hi all,

I am an Adelaide n00b. I will be getting into the market in the next month or so - just looking right now.

I am interested in these 10 stocks: CBA, CSL, BHP, BBG, ORG, RIO, WOW, QAN, SGM, COH. I mostly picked them so I would have some diversity but other than that, I just like the general businesses.

This forum looks pretty good so far, will have a read.

Anyway, HI!

 

[trade2live]

Hi all,
New to forum, in the process of learning how to trade futures ( and taking a full time approach). Lots of reading, studying, listening and examining.
Thanks for the insight I have gained already, hope to get plenty more.

 

[grantk]

Hi All,

Long time reader but finally got off my **** to register and post. I figure there are not enough posters based in Germany so I'm making up the numbers:alcohol:

 

[Schmuckie]

Hello everyone:

I'm from Toronto, Canada, and am a new investor. I found this forum after investing in an Australian stock that's also traded on the TSX. Great site and a far cry better and more helpful than anything I've found on the homefront.

Right now, I'm in the very lucky position of having a reasonable amount of "fun money" that I can afford to lose and learn a bit along the way (the rest of my money has been invested exceptionally well by my spouse who is an accountant with 30 years of business experience). The fun money is being invested in a basket of high-risk stocks that have good underlying fundamentals that I anticipate are under priced now and will pay off over the longer term, rather than simply flipping a coin (two distressed stocks with experienced turnaround teams at the healm; a potential takeover target; and a recent IPO for a company filling a gap in a growing market).

Have already learned one lesson: wait a bit after a block of reserved shares are issued to the public. The brokers will support them at the issue price and then move onto other new issues. The price can drop so that you can pick them up cheaper.

Schmuckie

 

[mnfard]

curious mo

Hi everyone. I have been introduced to the subject of trading a couple of weeks ago and am interested to know more. I found this site yesterday. Very helpful so far, that is why I decided to join the forum. I hope to educate myself by reading treads and hopefully find people with similar interest to talk to. By the way I am in Toronto, Canada.

Cheers

 

[bvbfan]

I found this forum after investing in an Australian stock that's also traded on the TSX.
Schmuckie

You should've mentioned the stock, I follow quite a few of the dual listed ones

 

[Schmuckie]

You should've mentioned the stock, I follow quite a few of the dual listed ones

BMN (trading as BAN on the TSX).

 

[bvbfan]

Thanks Schmuckie

Was holding EXT a while back when it dual listed. BMN was looking tempting at 1.50 or so but its run a bit lately.

EQN, MOL are the other two I track & hold that are listed there as well

CNT (CEE for you) I'm also following

 

[Schmuckie]

Thanks Schmuckie

Was holding EXT a while back when it dual listed. BMN was looking tempting at 1.50 or so but its run a bit lately.

EQN, MOL are the other two I track & hold that are listed there as well

CNT (CEE for you) I'm also following

EQN is dropping like a stone on the TSX on Friday morning trading after articles coming out about increased supply in Chinese warehouses and new copper producers coming onstream. It looks like the fundamentals are good over the long term, so I might pick up a handful of shares. Once U.S. housing picks up, there will be more demand for copper (and forest products). Since I've used up most of my "fun money", I'm looking at a handful of different stocks but being very, very choosy. On an interesting note, foreclosed and boarded-up homes in the U.S. are being broken into and copper pipes stolen.

There's been a large increase in short positions lately on EQN, so I think it will drop further. Here's a link to a list of Canadian short positions, but be advised it's not real time (at least you get a bit of a view of recent psychology):

http://www.financialpost.com/markets/market_data/market-short_pos.html

EXT is virtually illiquid here: it will go for a week or more without trading a single share.

I agree, BMN has had a run so I would never treat it as a trading stock. It reached recent lows before making a modest climb, so I picked up some shares on the near-low because it was still far below its highs. I don't expect it to pay off for a while, until either a bigger producer or a sovereign country or that country's utility companies buy it out (or there's a joint venture between the utilities and a large producer).

BMN is going to require patience for day-to-day volatility, but I knew that going in. It's at $CDN 1.68 on low volume. I'm up a few cents.

Schmuckie

 

[Mike Of Hobart]

Hi. My name is Mike. I'm 32 and I live in Hobart, in case you hadn't guessed!

I'm interested in trading as a part-time sideline to my existing online business. I have read alot of books but so far haven't made any real trades (paper trading doesn't count!). Trading would be an ideal venture for me as I have my own office, lots of computers, lots of screens and I'm in front of them all day anyway! I also think like a robot

I'm interested in trading the mini sized futures markets (probably YM and ES, maybe aussie futures too) and possibly some commodities. I'm only interested in swing trading at the moment. Day trading seems a bad idea for a n00b like myself. Basically I just want to learn and not screw up my P&L. Maybe one day I can do it full-time, who knows!

I plan on using Tradestation (still working out how I should set that up) and John Carter's proprietary indicators, in particular The Squeeze (a bollinger band/keltner channel based tool). I only intend to trade one futures contract at a time on a small trading account (maybe start with 5-10k). Need to find an online broker I guess, the integrated Tradestation service gets a bad rap around here in relation to fills. Guess that means I need to pay for Tradestation, get a proper broker (probably in the US) and run third party software to place orders (does anyone use Ninja Trader?). Still so much to learn!

Hope to meet a few like-minded newbie traders with interests in the same areas. Maybe we can share the love and swap some ideas around!

 

[vanman]

Hi

Name is Paul, I'm 4cough cough... from Adelaide

I'm not done a trade, am researching as I want to invest well, so that if I make a mistake it will not because I was ignorant.

Will be taking over my super in beginning of financial year as super fund charges around 7% and has performed at 2.35% pa for last 5 years.

I reckon I could do better.

Paul

 

[Julia]

Hi


Will be taking over my super in beginning of financial year as super fund charges around 7% and has performed at 2.35% pa for last 5 years.

I reckon I could do better.

Paul

Are you serious! The super fund charges fees of 7%?????

 

[vanman]

yeah did not realise until I pulled all the statements together and worked out the performance and charges for the last 5 years.

They have admin fees, member fees, billing fees, statement fees, investment fees, insurance fees and protection fees.


The insurance and protection value was for only 75% of the capital.

 

[PolarBear]

Hi guys,
I'm new Too... great site - thanks for all the info... I sorta already introduced myself in my first post (https://www.aussiestockforums.com/forums/showthread.php?t=10405&page=9), so i won't worry about it here.

Just wanted to repond to Mike Of Hobart

Does anyone use ninja trader

YES!! Check out my post here:
https://www.aussiestockforums.com/forums/showthread.php?t=10972
Where i've summarised some of the things I like about it and what I use it for.

cheers
Daniel

 

[chopper]

Hi everyone, and thanks for all the nice welcomes. I've been trading for around 10 years, as a chartist, and really enjoy it. I have found it very interesting to see people's opinions on this forum, what an excellent source of information. I recently traded on LNC which was spectacular, but I have had my fair share of losses too. I enjoy the junior exploration companies the most, recently got into DIO and AXT and am currently looking at CSE. Is there a place on this site where people specifically discuss the up-and-coming stocks (ie. recommendations) etc, or do you just look through the general forums? Smiles, Chopper

 

[Gomaz]

Great Resource for new traders

I've done a lot of reading of the work of WD Gann. He always talks about time and price. Basically saying that everything that goes up must eventually come down....(or go sideways, sometimes with quite a lot of volatility as we are seeing at the moment)

If a stock, option currency or indices moves quite rapidly up in price over a period of time then that stock option currency, indices or whatever must go down or at least go sideways for a similar amount of time. So it is time catching up.

How many times have we seen a strong break out bar on a stock, and by strong I mean a larger than average size bar in strong opposite thirds only to find that the stock has retraced rapidly over the next few days before the move decides to take off again.

I know I use to always get caught by that.

Similarly he...(WD Gann) also talks about what he calls form reading and that is the size and placement of the open and close on a bar. He says that as a move comes to an end the bars become weak showing that the move is coming to an end basically the buyers are no longer prepared to raise their prices. All this in conjunction with direction and angles of moving averages that measure the overall momentum of the particular stock or what ever.

Anyway for what it's worth there is a free website that has video tutorials on this at www.tradingslingshot.com

 

[uhu]

Hello, I am Istvan from Hungary,

I have some ASX shares and I have a question about tax of dividend.

In ZFX's website I can read this:
"Announced a dividend of 35 cents per share, fully franked payable on 21 April 2008. The record date for entitlement to this dividend is 7 April 2008, and the ex–dividend date will be 1 April 2008."

So, earlier I thought it means I don't have to pay tax after the dividend. "Fully franked"

But, my broker firm says I have to pay tax, so the tax is deducted.
My broker firm attached something (maybe from an australian firm) to the email, this:

""Dividends on which corporate taxes have already been paid, are called fully franked or partially franked. If the company has not paid the corporate tax, the dividend is called unfranked. Fully franked dividends are not subject to withholding tax. The unfranked portion of a partially franked payment and unfranked dividends are subject to withholding tax."


So, do I have to pay tax or my brokerfirm is "a bit creative"?

(I am sorry, my English is not correct and I am not a tax-expert.)

 

[rob]

Are you serious! The super fund charges fees of 7%?????

hi i am new only been trading a few weeks hahaha it happened by mistake, was asked to put a trade on so opened up account and here i am as green as grass but having a ball.

Did'nt know you was allowed to pull super out could you tell me how to do it think i might have a go to with all those charges. thamks nice to meet you all Rob