Beginners - Introduce yourselves!

[RocketGirl]

What has this got to do with NOT be successful. It is the only thing that WILL give you a chance.

That's why I had successful in inverted commas What I'm doing at the moment is making me $$, but to implement these strategies to ensure real success, will slow down the $$ in comparison. Ok, I know what I mean. LOL.

It's just hard to pull back the reins on something that feels like it's working.. even tho I know it's not really.. I've just been lucky.. but geez - to suddenly put all these rules in .. it's hard. Maybe I need to cop a huge loss to fully appreciate it

 

[CAB SAV]

Beginner

Hi, Just joined after being a site voyeur for month or so.
Live in Adelaide, Luv life.
Who needs drugs with the stock market. Been trading since 1987, Got in 3 weeks before October Crash. Lost ****e lode on paper, didn"t panick and it paid off.
Use Citi, Comsec & Pro, Macs & others. Longest trade, 21yrs & still holding, shortest, under 1 min. Do my own research, Don't trust brokers, Have great group of mates to discuss market with.
Hope to contribute

Favorite saying- Life is too short to drink bad wine.

 

[westcoasteagle]

Hi all, new to the forums, and have been reading much of your threads for a couple of weeks now, and learning a lot! Cheers!
I've been heavily researching CFD's for about 12 months now, and getting to understand what they are all about more and more each day. Looks like the way to trade for me....

cheers all, i look forward to reading more of your expertise and wisdom each day.

 

[Family_Guy]

New to trading but been following them for 20 odd years. Recently (3 days ago) finished working and will sit back and go on the dole for the first time in my life. 30 something, married, 3 kids, i like model aeroplanes and country dancing, bourban and coke, Melbourne Storm and a walk in the sand with the missus.........and if anyone PM's me about the model aeroplane thing, i was kidding and i will out you.

 

[David123]

Hello All!

I Aint no beginner but i thought i may aswell introduce myself. I been around stockmarket since i was 14 years old when school ask me to be part of ASX trading competition...It interested me that much that i saved up sum money and found a broker and bought bank stocks and Wesfarmers...But found it to be a slow way to make money, especially when everyone you hear talk about stocks says its quick easy money...so thats where my interest in trading began..I started dabbling in speccys and lost $5000(Ouchies) in one day and made $15000(WooHoo) in oneday...I started to realise this is high risk and high reward...since then ive found a trading method that allows me not to sit in front of a screen allday (there was a period i would watch market everyday) now i would rather spend my time elsewhere...I have now Focussed more on lower priced stocks and have found theres a period of patience required..at end of the day how simple it was...buy an uptrend stock and have stops in place...
Thats how it all started for me and im still at it...

David

 

[johenmo]

Hi. Am new to stock market, though have father-in-law who has made quite a bit from long-term holding over the years. So have finally got to a position to have a go (challenge was more mental than financial).

Have found that even if the fundamentals "look good" you have to dig deep to find the background news (bought small parcels all of which are in expectation with my long term view except the one risk which didn't - BNB!!! But the lessons I have learned form this one stock has been amazing, and i have found where to dig for more information and opinions. This forum being one). The paper trading I did first up went well.

Have also learned that a public broker recommendation is to be taken with a large dose of caution. DYOR is the best recommendation I've had - especially when I'm not considering a short/medium trading stance at the moment.

Have reformed my strategy and look forward to any opinions on the value of "paid information" such as Eureka site.

Any newbies like me will find the post from hangseng interesting - forum "new to the game".

Cheers

 

[David123]

...

 

[Trembling Hand]

Have reformed my strategy and look forward to any opinions on the value of "paid information" such as Eureka site.

What the Bull market experts that said 2008 will see new record highs then PUKE up their holdings at the bottom of a meltdown and charge you for the privilege. You gotta be kidding as to their value.

 

[johenmo]

What the Bull market experts that said 2008 will see new record highs then PUKE up their holdings at the bottom of a meltdown and charge you for the privilege. You gotta be kidding as to their value.

Thanks Trembling Hand. I have been collecting some of this for re-reading it later on and couldn't see myself spending the money for what is offered. Especially when I found the opposite views being offered a month later AFTER the fact by the same sources.

I'll build on my TA/FA skills and resist the "temptation".

 

[Trembling Hand]

I'll build on my TA/FA skills and resist the "temptation".

Xactly. Learning to fish is always better.

 

[Naked shorts]

Hi all,
I been reading the forums for a while and I thought I might join up. I am going to start day trading and I would eventually like to move into value investing.

 

[prawn_86]

I am going to start day trading and I would eventually like to move into value investing.

Personally i would suggest the other way around just to get a feel for the market. So many ppl think day trading is their ticket to freedom, when really it can be the opposite.

Oh, and welcome to ASF

 

[MRC & Co]

Personally i would suggest the other way around just to get a feel for the market. So many ppl think day trading is their ticket to freedom, when really it can be the opposite.

Oh, and welcome to ASF

Yeh, agreed.

It's how I started out too.

Though, not sure how you would fare as a fundamental analyst in this kind of market!

Maybe better to stick to the commodity area if you are going to F/A invest. Everything else remains in complete chop territory!

 

[Naked shorts]

I have been following the stock market for the past 4 years and have been into long bias stocks for the past two years. I have learnt so much. Made some good gains, and some losses. I see day trading as a way to get up to a certain point, then from there long bias stocks and go up infinate.

 

[nq6]

Hi Been reading forums for 12 months or so , been investing in mainly iron ore stocks [speculative] for 3 years now. Am here to learn,learn learn......NQ6

 

[alfaracing]

Hello Traders

I have just registered, yes i am another beginer. I have a small portfolio started about 14 months ago. Started with what i thought was a nice safe stock, Mac Bank MBL bought at $80 thought i was going great when it went over $90. Anyway i'm hanging on for the ride it's now $52.30.

Thats just one my storie:

 

[alfaracing]

Sorry,

Macquarie Bank is now MQG

 

[Rockety]

Hellos!

Well been reading the forums for almost a year or so now but didnt post at all sort of, being a passive one in forum"ing" i guess.
Male 25, Europe, Hungary

Here goes my little story:

Was working as a sales manager in an computer store, was really fed up with my situation of not going anywhere in my life financialy, not being in a long-uptrend so started out making "Big Plans of escape" like going abroad for example.: Sweden to get a better job, new life and such. Even started a swedish course at one point, tack tack. Anyhow one day a friend of mine came into the shop and told me i should visit a course which is about a different type of trading (as in he knew that at some point i was good at the bid/ask trade part at the shop management). Which he said might interest you, he was in the middle of his lessons at the course that time. Well as i was looking at alternatives, i visited an open day where the school was represented.
First positive thing was that it wasnt about a new multi-level marketing mania which is the favorite of the year in our country atm but still it was too highly marketinged, i thought it's a waste of time but my curiosity didnt leave me be so I have signed up for the first lesson, which had money guarantee if you dont like what you have seen (which counted becouse it took half of my monthly salary). This was in January 2007. The course was mostly about trend-trading technicaly on a bull a market, but at that time I had no idea of the stock market at all so the first glance it was highly attractive! By the end of the spring of 2007 I was paper trading options and stocks when i had the will after work, was (and is!) in love with the concept of being a trader. Dreams were forging about being a stock/derivate trader, driving a new M3 BMW and so
As my job was holding me back from having a full time go at stock trading (australian market is 0:00am to 6am winter time, 02:00am to 08:00am summer time here i gave in my resign in june, quit in september and focused 100% on trading. I didnt have a capital at all so took up credit from a bank, but didnt touch it yet so wanted to test myself for 3 months atleast. Luckily witnessing bearish stuff in 07-july-august, i was game for put options and shorting stocks, not been an optimist that much (mainly traded banks and bhp on paper, being too pessimist later on hurt me on bhp some though ). At the end of october it turned out later the leaders of the school started to form an Investment Fund Managing Company and they were looking for people, so i have applied for it and started my carrier there in 2008.So a dream came true at some point .

Unlucky part of the story was learning fundamentals on a hard course, "this train has left, dont jump on it" was also a moral story to get used to, risk-management, siding market is the worst, not having my trade account up and ready in the "what ever your shorted you made money 13 days of asx going deeper and deeper", not having enough margin for oil future, ppl who were long for 5 years not believing your story about a changing world and a must change point of view or get sucked in by the market etc
Making loads of % on paper account, especially on ZFX and bank put options didnt really make up for the fact. Opened my eyes and started trading on US markets 3 months ago aswell, my biggest success was catching the fertilizer mania at the start, mostly on fundamental call was cool and not jumping on the small-midcap oil-energy-coal wagon was the worst call.
The funniest thing about getting hot on fundamentals is that, i had a look at Minamakers when Kennas posted it at the breakout plays thread mainly becouse it had a funny name (in my language atleast) so i have gone after it by TA first then i started to wonder what is behind the chart

Well anyhow, sorry if I annoyed/bored anyone with my story, have a nice day!

Foster rox (not the share but the beer more )

A.

 

[rub92me]

New to trading but been following them for 20 odd years. Recently (3 days ago) finished working and will sit back and go on the dole for the first time in my life. 30 something, married, 3 kids, i like model aeroplanes and country dancing, bourban and coke, Melbourne Storm and a walk in the sand with the missus.........and if anyone PM's me about the model aeroplane thing, i was kidding and i will out you.

Please tell me you weren't kidding about the country dancing

 

[MRC & Co]

ha ha, great story Rockety!

So you are working for a fund manager now?

What attracted you to the ASX?