Beginners - Introduce yourselves!

[bumclouds]

If anyone wants to know any of the "inside dope" about the industry from one of those "evil, greedy,dodgy" advisers, let me know.

Cheers

Would love to hear "chronicles of the greedy advisors". Do share your stories with us sometime.

Anyway I'll take this opportunity to introduce myself.

I'm 21 years old. I'm studying my 4th (and final) year of B. Electronic Engineering, and I have a part time job as a lighting technician in a nightclub.

Lately I've been finding myself with a little bit of spare cash, and so I've decided to use this opportunity to give the stock market a bit of a whirl. The reason why I do this is because 1) I want to start practicing early, so in the future, when I have *real* money, I'll be a better investor 2) I have nothing to lose! I don't need the extra money, and I'm not living off it (im living with my parents still).

I bought my first ever stock, SPL on 19/02/09 for $0.185c and sold them a couple of days ago for $0.250c (a profit of 35.1%). After I sold them there was a trading halt on them.. Hmm...

And I just bought myself a second stock AVX, at $0.090. This may or may not go so well. A much riskier stock.

 

[greenie]

Hi Bumclouds, I like your gumption and your motivation... Wish I had started back when i was well, your age. I am early 40s now, an Aussie living in Thailand and have the real money to invest now but am only in my third month trading. Much to learn, much to see, and at this stage, not too much to lose (its all icecream money for now). I am learning so much and at this stage, just sucking it all in. Sucking up the mistakes and trying to learn from them. Trying to increase profits and now looking to reduce the trading fees. I look forward to learning from everyone here and appreciate any support and advice you all can offer.

 

[Sir Osisofliver]

Just around 3 weeks ago I made my first buy and I have been reading these forums anonymously for the past few days, especially Sir O's beginner thread, which I very much appreciate him doing.

Awww :thankyou: and you are welcome - hope you find it valuable.

I really should go back and do a bit more on the thread but I'm just so under the pump at the moment. Maybe I'll get some time this afternoon

Cheers
Sir O

 

[mech81]

Hi everyone,

I'm a 27 y.o. working health professional that until recently realised how important it is to learn about investment and the different ways to do so. My dad has always been reluctant to share his experiences with me about the stock market - he feels that its not time for me to learn about it...

Obviously I dont agree...u can teach me now and then I can be ready when the opportunities arrive.

Anyway enough whinging....

Want to say hi to all and hope to learn and also give back what I'm learning as well to this forum...

Cheers

 

[cafall1]

A big hello to all
Am also a newbie here and in the world of shares and stocks. Read a few posts already and it looks like a great place to be involved in. Hopefully I can make a few bob on the back of your advice and give out some advice like the rest of you! Cheers.

 

[bumclouds]

My dad has always been reluctant to share his experiences with me about the stock market

Don't ya hate that..!

I just argued with my dad until he did.

 

[matty2.0]

Hello All.

I'm not new to investing (I work in finance).
However I'm new to this board.
Found it by looking for reviews on Comsec vs. IB.
I was just wondering what the minimum account balance is for Comsec. I currently use Optionsxpress.

Hope you all make me feel welcome and that I can contribute.

 

[Dowdy]

I've been on these forums for a few months but i'm still a beginner to the markets.

I'm 24yo and I've made a few good calls but just don't have the balls to invest in the market.

I said to invest in crown when it went below $5, NAB when it went to $15, CCP when it was at .40c, CNM at .12c

They say be patient but i feel like kicking myself

 

[Wysiwyg]

I've been on these forums for a few months but i'm still a beginner to the markets.

I'm 24yo and I've made a few good calls but just don't have the balls to invest in the market.

I said to invest in crown when it went below $5, NAB when it went to $15, CCP when it was at .40c, CNM at .12c

They say be patient but i feel like kicking myself

Don`t be too hard on yourself. We`re all good traders in hindsight.

 

[snowking]

Hello
Im a newbie both here and in shares. I joined a month or so ago but I was traveling overseas, now im back im hoping to be a bit more active here. Ive done some extensive reading of threads both new and old and there seems to be a lot of great information with a lot of knowledgeable people around. Im not so much seeking to trade as to invest, especially with some seemingly well priced shares out there.
dont be too harsh

 

[matty2.0]

Hello
Im a newbie both here and in shares. I joined a month or so ago but I was traveling overseas, now im back im hoping to be a bit more active here. Ive done some extensive reading of threads both new and old and there seems to be a lot of great information with a lot of knowledgeable people around. Im not so much seeking to trade as to invest, especially with some seemingly well priced shares out there.
dont be too harsh

I'm more of an investor myself as well ... but will trade if the price is right.

 

[jrobbo]

Hey all,

My name is John, live in Melbourne. Been investing for 10 years or so, mostly in property which has worked out well for us. I have a fair bit of money tied up in shares, mostly bought as a Buy and Hold proposition, but have recently decided to get more hands-on with my trading, and so have been lurking around here and other sites to learn as much as I can. Starting to pick up a few basic principles, but have a long way to go.

Have subscribed to a few services lately, some good, some not, to get access to tools and advice. I've been trading only through Commsec so far, originally because my wife works for the CBA, but now mainly because that is who my margin loan is with. I plan to set up an IB account this week just to save some of the money i'm throwing at Commsec in commissions and fees. I've been using CommsecIRESS for the past month, which is OK. No doubt there are much better platforms out there, but at least I get IRESS for free (more than 8 trades/month), that's hard to beat at this point.

The 2 most important things I have learnt so far:
1) Turn trading into a process, ie take subjectiveness and emotion out of the equation
2) Capital Management: manage those potential losses

Funny thing is, neither of those things are foreign to me, I used to study gaming as a hobby and applied both of those principles, and yet I had never done so with my trading account, as I was buying shares in Set and Forget mode.

One more thing, I found a set of videos on YouTube by the user "InformedTrades" which I have found very helpful in understanding the basics, hopefully this helps someone else too.

Cheers

John

 

[toolman_the_1st]

Hello my name is Tim

i am 33 and totally new to investing, i own a business in the Riverina area of NSW 1 wife, 2 kids, 2 dogs and a cat(was talked into this one).

i have one investment property that we used to live in before we moved out here and bought the business.

I am slowly learning about the share market, one thing i am learning that there is sooooo many of these "courses" offered, i am sure quite a few people out there have done them and got something out of them but i have decided to go the other way and treat this whole experience as an apprenticeship (if anyone needs an apprentice I'm here). However if there is a course that wont cost me 4K plus i am ears (or eyes).

Tim

 

[investorpaul]

Hello my name is Tim

i am 33 and totally new to investing, i own a business in the Riverina area of NSW 1 wife, 2 kids, 2 dogs and a cat(was talked into this one).

i have one investment property that we used to live in before we moved out here and bought the business.

I am slowly learning about the share market, one thing i am learning that there is sooooo many of these "courses" offered, i am sure quite a few people out there have done them and got something out of them but i have decided to go the other way and treat this whole experience as an apprenticeship (if anyone needs an apprentice I'm here). However if there is a course that wont cost me 4K plus i am ears (or eyes).

Tim

check out the asx website, www.asx.com.au under the education tab there are online courses that will teach you the basics. There are also guides/summaries that you can print out to read through at your own pace.

The asx also puts on seminars so you could look into those to.

 

[matty2.0]

"I Live And Breath On Trading"

 

[Bolle]

Hi all, I've been trading for around a year now, before that i was just putting money in a managed fund... before that, i knew NOTHING about finance whatsoever. Money came in, i spent it, that was about it. One day i realised that was an insane way to live, but nobody had ever taught me different. All's i knew was "save money" but that's not very specific (or helpful). So i started reading. And reading. And reading some more. I'm not a maths-geek nor a financial advisor, I'm not studying a business degree or anything like that. Just an average suburban slob really. But I started buying blue chip stocks, being nervous about risk and so on, and having no idea what I was doing. A year on (and OMG what a year it's been) i feel a bit more confident in what i'm doing, but i'm still very much learning. There is still so much that i don't know. Which i guess is what brought me here...

 

[Mr J]

There is still so much that i don't know.

Don't worry, none of us know much. The first step on the path to wisdom is realising how little we know .

 

[Jack Payback]

But I started buying blue chip stocks, being nervous about risk and so on, and having no idea what I was doing. A year on (and OMG what a year it's been) i feel a bit more confident in what i'm doing, but i'm still very much learning. There is still so much that i don't know. Which i guess is what brought me here...

The more you learn, the more you will find out there is to learn, even after 20 years!!

If this is your first year in the market, WOW, what an introduction, you've seen things you will probably not see for a long time. But it is a good introduction as to what can happen in the markets from time to time. Call it a good lesson on risk. I doubt there are too many active traders who have lived through a year like 2008.

 

[JKA]

Hi all,

John from Adelaide here, though originally from Scotland.

I'm completely new to all of this and haven't got a clue what I'm doing but I'm looking forward to learning and hopefully making a few $ along the road, or, at least not losing my capital.

My first venture into the market was to buy some Leighton shares. Don't really know why, just felt right. Guess that's not really the way to do it but you've got to start somewhere I guess.

Cheers
John

 

[Mr J]

If this is your first year in the market, WOW, what an introduction, you've seen things you will probably not see for a long time. But it is a good introduction as to what can happen in the markets from time to time. Call it a good lesson on risk. I doubt there are too many active traders who have lived through a year like 2008.

Is it really that different? Seems to me that it's just been the inverse, although over a much shorter timespan. I'm sure some strategies became untradable or marginal, but I would have thought 08-09 would have been a great opportunity for many traders.