Beginners - Introduce yourselves!

[RoszkoRR]

Hi all,

Just recently joined ASF and have been amazed and interested by the degree of valuable knowledge tossed around. Like a few others, am aspiring to become a trader in the near future. I have just turned 21 and am entering into my 4th year B Commerce (Actuarial Studies +Finance)/ B Economics combined degree at UNSW. I hope to learn as much as I can from here.

 

[greg5752]

am very new to trading and wondering if anyone had any current information on support/resistance lines for asx major stocks

 

[zegna]

Hi All - I'm new to trading and looking to put together some sort of trading plan. I have Metastock v9 with end of day data feed, and a Commsec account. I've read Elder's Trading for a Living and Welcome To My Trading Room, and also seen some of Jim Berg's publications.

With the vast array of indicators and theories out there, it's hard to know where to start. I'd welcome any tips on putting together a plan.

I'm also interested in thoughts on whether a newbie like myself should try position trading before atempting day trading.

Oh yeah, and I'll look through this site, and make use of the search function

Located in Perth WA.

 

[Sean K]

am very new to trading and wondering if anyone had any current information on support/resistance lines for asx major stocks

You can google the terms and get a bunch of sites providing education on this.

I've found this a good start.

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:support_and_resistan

Once you know the theory, plot your own S&R.

 

[Trembling Hand]

I'm also interested in thoughts on whether a newbie like myself should try position trading before attempting day trading.

Hi Zegna investigate/learn/practise/test whatever interest you. Don't take the line that there is one style you have to learn before moving onto another.

The only thing you have to do is survive long enough to find an edge. The only way to do that is by finding something that will keep you interested long enough to get through the tough times. (Oh and not blowing up)

 

[Lone Wolf]

G'day

Let me start by saying thanks to all the people who contribute to this forum, sharing your knowledge, experience and opinions. Because of you this place is loaded with great information. Ok, so with the brown nosing out of the way....

I'm 27 years old and looking for new ways to invest and make money. A couple of years ago I had saved up some cash and was looking for the best place to invest. I thought to myself, "I'm no financial expert, I studied electronics and telecommunications, not finance. I should hire someone who did study finance to show me the way." Sounded reasonable to me. So I went to a few seminars and signed up with a financial planner who did the whole 'buy and hold' method, invest in an ASX200 index fund, don't try to beat the market by picking the lows or the highs, just make money from the franked dividends and average yearly growth of 10%. Sounds ok, and for two years it did great... enter 2008.

The trouble with 'buy and hold' is there's no stop loss. The trouble with paying someone else to manage your money is that no one cares as much about your money as you do. So now I'm looking to take charge of my own investments and better protect myself from future market drops. My ultimate goal is to become a full time trader. But first I need a business plan, the required capital, and a well tested trading plan with positive expectancy. It'll be a long, probably bumpy road, but I look forward to the journey. I hope that someday I too will be able to contribute something worthwhile to this forum.

 

[fapturbo]

Hi all,

Just joined. Hope I can learn alot by being here.

I'm 36ys old and I live in Adelaide. Married with 2 Children.

Not sure what else there is to say.

I currently trade FX and have been trading FX for about 6 Months.

Still lots to learn and earn

 

[roofa]

Hello all,
Back again after dropping the lot in the tech boom, interested to see if i learnt anything from that experience!

 

[Julia]

Suggestion to all new people:
Read the Brisconnections thread.

 

[noirua]

Suggestion to all new people:
Read the Brisconnections thread.

Listen to Julia, she's a head screwed on person.

 

[dit1]

Hi everyone, I'm completely new to trading.
Im 25 from Adelaide.
Am learning about forex trading at the moment and am looking to start up a real account soon. Have done really well on the paractice account.
Any advice would be greatly appreciated, this forum is great. I posted in the beginners to forex before i found this, if anyone can answer that post I'd really appreciate it.
I'm still not confident enough to know whether I'm doing well trading or it's just been luck!

Thanks for all the great information in this forum guys!!

 

[Old Mate]

Hi all,
I'm Brad, only just joined but have been lurking for a fair while. I started buying shares at the start of 2008 when I was 17. Mostly just buying and holding but am now playing around with a bit of money to make a quick buck and gain experience. I have learnt quite a bit from this forum and have to pass on my thanks to everyone who contributes their experiences and knowledge to this forum.
Regards, Brad

 

[Jackpot]

Hi guys

Been loittering around ASF for the past 6 months. Finally took the effort to register today. This is a great site with lots of valuable information.
Oh ya...supposed to introduce myself.
I am Jack. Just started trading for the past 6 months although I have been working in the financial sector for years. Not sure if I have chosen the right time to start given the market condition. Was thinking that stocks are cheap now so might be time to get in the market. Hmm...newbie thinking I guess

Hope to learn more from you guys

cheers

 

[Shtav1]

Hi people. I'm new to this site but not new to trading. Was a strong passion of mine when I began in 2000, and have had a few different positions in that time. Have been out of the market for awhile, (bar the bottom draw stocks) and have just entered into some new positions. My view and money is typically on the spec, but once the cash accumulates more I'll start getting into more safe, (but boring positions.
I am tired of phoning execs at companies for news so look forward to hearing yours and maybe learning a stack in the process.

All the best

Shtav

 

[hobo-jo]

Hi all, been loitering for around 18 months only recently started posting. Been learning a bit from here, thanks for that so far . I have spent the last 12 months reading, reading, reading. Recently I have bought some shares in TRY and physical PM. Looking to ride the next commodity move by taking positions in oil/agriculture/gold related stocks probably later this year. Looking to buy with a longer term view as opposed to day trading. I believe we will see further drops this year and plan on furthering my portfolio when I believe there are good value stocks available (without trying to catch the bottom as such).

 

[gwillson]

hi guys
yes I'm keen as mustard after 3 months of tuition from some experienced traders I met last year. got my feet wet when the market was turning so my trading records are all red. have only learnt some basic techniques [momentum mainly] and have only a small bank but feel positive about the market later this year. I think I will enjoy this forum.

 

[Julia]

This is now my mantra for all new investors.

Read the Brisconnections thread.

 

[cuttlefish]

This is now my mantra for all new investors.

Read the Brisconnections thread.

Good idea Julia, and to be more direct ... do not *ever* buy BCSCA stock *unless* you have read the product disclosure statement in intimate detail and are *fully aware* of the significant liability you are creating for yourself if you purchase.

 

[It's Snake Pliskin]

hi guys
yes I'm keen as mustard after 3 months of tuition from some experienced traders I met last year. got my feet wet when the market was turning so my trading records are all red. have only learnt some basic techniques [momentum mainly] and have only a small bank but feel positive about the market later this year. I think I will enjoy this forum.

Wow I would be happy with owning a bank. Some serious income opportunity there.

 

[rensenin]

Hi all,
Its a great forum you all have here. good to join you..

Iam from india and was doing trading(not fulltime) for a year or so in NSE. My trading pattern was not entirely thru TA. It was thru TA/news/rumor based. Made some money and lost as well.

As I had to concentrate more on my profession, had to stop trading. hence was out of the recent crash. now am in china and getting up some time to dedicate to learn TA and trade again.

I have ODIN trading terminal and Ami for TA analysis. I had written some basic formulas on Ami. Wish to learn and contribute as well here..

regards
ren