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Beginners - Introduce yourselves!

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BearCub said:
So this is me and i want to let you know that I love trading which as far as 'work' goes something that for a while i haven't been able to say. It's soooo important to love what you're doing, actually it's vital to everything else.
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Hi BearCub, I've never worked harder or put so much time into a 'job'/business as I do now as a trader. But at the same time I never consider it 'work'. I love what I do. I can't wait to get out of bed each day (well, that depends on how late I got to bed) to get back to it.

I think that passion for it is important. If one doesn't have passion they will be likely to quit at the first or second major obstacle....and trading offers many major obstacles.

I think you have to love it, otherwise admit it's a hobby and go find work that you love. Sounds like you feel that too.

Good luck!
 
Hi All,

I have been investing and trading for 14 months now. I had two years of savings from my full-time job and invested some and did CFD trading on the rest.

I have just about seen it all in 1 year. From the last days of the bull market in Jan/Feb 2008 when prices would spike like crazy, to oil going to $150 / barrel and then falling liking a shooting star, to the DOW Falling 300 - 400 points in a minute after the 700b bailout got a no vote, to it shooting up 900 points in a session after the Nov lows.

I am an addict. Well I was. I used to trade full time during my day job and then come home and trade on candlestick chart patterns. Got used to the FTSE shooting down or up in the first 10 minutes of trading to generate liquidity.

I wish I did economics and finance at school/Uni as it really does drive the world.

Last year was a baptisim of fire. Learnt the hard way. Some nights no sleep and switching off to life and work when money was at risk and lost. I read some books before I started about the importance of capital managment and stop losses. Funny thing is I didn't use stop losses when it counted - like after Lehman Brothers going under. Lost lots of money. Even the best trader of all time - Jessie Livermore didn't use stop losses. What happened to him in the end. He killed himself.

But I want to do this for another 30-40 years, so plenty of time to win it back - hopefully

Looking forward to learning and making a contribution to this forum.
 
G'day all,
I'm 37 and live in Batemans Bay with my wife and new born daughter (17th of Feb this year).
I've never had any experience in trading, and the only exposure to shares that I've ever had was a couple of de-mutualisations, NRMA & NIB (kept one lot and sold the other).
I've got a couple of friends at work who like to dabble on the share market and it piqued my interest enough to make some enquiries into doing it myself.
These forum's are a fantastic resource, but I when I'm searching through the old posts for info, I constantly find a new term or accronym that I've got to go and find out what it means .
Anyhoo, I look forward to gleaning as much knowledge as I can and hopefully, I can contribute something worthwhile back.
All the best,
Steve.
 
Hi, new to all this, just found the site & hoping to get HELP!!!. In Melbourne. Want to trade US/European ETF's. Is there any way people in Aust. can trade on the myriad of ETF's in US market from here??? Any sites/brokerage firms I can trade thru?? I see the ASX only list 14 ETF's.
Might post all this somewhere else to get a better response to!
Cheers
Cheryl
 
New

hey I'm new to the forums. I would like some advice on my portfolio, i am 17 and currently I have 14k invested( through my own part time job and saving, no help from my parents) I have invested in combank, Westfield, rio tinto, santos and macquarie group. I have another 2k that I want to invest but have run out of ideas, any suggestsions would be welcomed, and do u think I am on the right track?
 
Re: New

Congratulations on saving that much at your age. I was in a similar situation to yourself, with similar amount of cash. At 19, ended up cashing in my managed funds and bought a car (right before my funds crashed too). Car has depreciated less than the funds.

When did you purchase these stocks? All of them recently? I don't think I'd be wanting to hold Macquarie stocks atm.
 
Re: New

yes all were purchased in last 3to 4 months, I bought macquarie at 18bucks, it's only like 10% of my money I was thinking about just riding it for a little bit longer and then selling or do u think just get out now?
 
Re: New

Stl,

Firstly, welcome to ATF.

Secondly, unfortunately out members cannot give financial advice due to ASIC restrictions.

As you are a new member i suggest you read the site posting guidelines and learn to use the search function.

Thanks

Prawn
 
sorry bout that guess I should read up those rules shouldent get to ahead of myself!
 
Re: New


Hi Stl,

Firstly, no-one here can advise you on what to do with your shares. It's against the law. You have to pay a financial advisor to lose your money for you even though we could help you lose it for free.

Secondly, it's fantastic that you are investing at such a young age. Good on you! Good on you!

Thirdly, spend a lot of time reading this forum. After awhile, you will sort out the helpful contributors from the mere opinionated. There are lessons you should learn now when you're just starting that if you take to heart and apply, could see you reap big rewards over time as you learn more about investing. The first two things you should learn about are money management and stop losses. Search this forum for those two topics and you will find heaps of useful info.

Good luck with your journey. I wish I'd started that young. I was too busy buying brand name products. Luckily I grew out of that.
 
thanks, yes I've been on the forum almost all day, some helpful opinions and some very unhelpful opinions, also some very funny people. And I've allready learnt the stop loss lesson, after buying CBa at what I thought was a reasonable price but Its good to learn from your mistakes.
Thanks for the coments
 
oh and also is it possible to swith shares from one person to another. With out having to pay brokerage. I'll be 18soon and will be able to get my own account instead of using the old mans
 
stl_08 said:
oh and also is it possible to swith shares from one person to another. With out having to pay brokerage. I'll be 18soon and will be able to get my own account instead of using the old mans
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You can do off-market transfers but I've never done it so I don't know if it will attract brokerage. However, it will probably trigger a capital gains tax event for your father. You should get him to speak to an accountant about the situation.
 
stl_08 said:
oh and also is it possible to swith shares from one person to another. With out having to pay brokerage. I'll be 18soon and will be able to get my own account instead of using the old mans
Click to expand...

I'd personally just leave the existing shares in his account and do any new trades in your account once you have turned 18. That way he has to pay the tax when you finally close out the trades at a huge profit:
 
Hi All

Im a 32 year old chef and i have just become interested in the trading/investing game (doh! why didnt i start at 18 lol). Anyway have a family now and got me thinking about financial future etc. etc. So here i am.
Poor time to get into the market i know but thought i would use this down time to educate myself. Initially (3-5years??) i will look at some long term investments and then if i feel i have paid my dues would move to short term trading. How long did it take some of you guys/gals to make the move to trading? Any good books/education tools for beginners?

cheers
 
MS+Tradesim said:
You can do off-market transfers but I've never done it so I don't know if it will attract brokerage. However, it will probably trigger a capital gains tax event for your father. You should get him to speak to an accountant about the situation.
Click to expand...
This is good advice. And in the current circumstances, there may well be a loss rather than any CGT!
For that matter, this might be a quite relevant consideration in terms of when to do the transfer.
 
G-day to all... new to the stock market hope to learn something here been trading since October 2008 down 25%
 
Hi All
I too am new to this game. Actually this is my first post to any forum in cyberspace, so I should ask for your tolerance and forgiveness from the start as I am sure I will do something which could be taken either way. I am into construction not destruction.

I have been on this planet and this great continent for >45 but <75 years I am looking to learn and trade. I've read Weinstein, Guppy and Bedford and have yet to apply the knowledge and discipline. Only time will tell on the success of the of the application.

My selected Avatar is what I would like to be doing in retirement, hopefully sooner rather then later. My members tag is my financial goal with the speed and direction (North East X North) completely dependent on my decisions and emotions for the prevailing winds and seas.

:luigi: :luigi: :luigi:

To use a quote that a few people are using these days
" It's good to be with you."
 
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