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Beginners - Introduce yourselves!

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Hi all

I am 49 yrs old, have been day trading for about 3 years
Doing ok. Still waiting for one powerball. Concentrating on energy and base minerals.
Currently in the maintenance and project planning game.
Just hoping to pull off a big win, like everyone else
 
Hey all, just found this site in a google search so going to give it a go!
Im a 21 year old uni student who works part time, looking to get more into the markets.
Currently looking into trading Index CFD's using technical analysis. Does anyone else use GFT and if so do these guys have both cash and futures data for the main indicies, UK100, DAX30 SPX500 AUSSIE200 etc.
But yeh basically looking for other trades to share some tips or trading strategies with!
Cheers
 

Have you done any previous trading before? Starting straight into CFD can be dangerous!!
 
jono1887 said:
Have you done any previous trading before? Starting straight into CFD can be dangerous!!
Click to expand...

Shares, thats about it, but ive been using trials for a number of months, and now am getting ready to trade using more real cash. CFD's really only get dangerous when you have no set trading plan or no PPT and you let your emotions drive your trading. In my case the main thing i have to focus on is patience, just being able to wait till the market gives me the opportunity and not trying to create one. I guess as long as you are aware of the structure of a CFD and the risk its ok.
 
Gooday Everyone,

Basically I've been interested in day trading for a few years but decided to take the plunge in December 2008 with $54K that was sitting in my home mortgage account. I took out Etrade and Commsec accounts. To-date my account is worth close to $88K. However it wasn't smooth sailing and I did lose $15K in March, but was able to trade back up to my present level.

I do have a day job so I can only really look at it in the first couple of hours in the morning. I mainly trade in bank shares and other blue chips with a couple of strong secondary shares. I come from a profession that utilises risk management principles, so I don't use leveraged funds and generally I cash up by the end of the day, and try to never hold shares over the weekend.

I looked at my account statistics recently and I'm turning over about $800K per month in trades. I guess Etrade and Commsec must be happy with the brokerage I pay out.
 
Hey guys, welcome aboard!

Hope you find some good info here.

Don't be afraid to post any question!

 
Hello all

I truly am a beginner. I'm managing my own super fund and using it to trade. Down a tad at the moment, appear to be choosing the right stocks but selling at the wrong time
Oh well, we all start somewhere and I'm willing to look listen and learn.

Regards
 
Hi all, I am a 25yo and am only just trying to get my head around day trading now. Had shares since I left school but have normally held them for quite some time. Even the ones I turned around quicker were still a few days (normally when going just for the dividend). Anyway, seeing as I am here to learn I better stop writing and start reading!
 
Hello All,

Glad I found this forum as my friends and partner were getting sick of my market analysis over dinner! Have been trading for some time but was fortunate enough to sell my business in November '08 and suddenly had the money to fund the plays I could see.
I manage a Resort but that only takes up part of my day the rest is spent either by the beach or watching the market. I generally trade on small % moves with large holdings but recently have looked for stability (is there such a thing) as I believe a correction is due.
Holding LGL, JML, WDS, FMS, NDO & BLY.

Thanks to you all for your info and opinion.

James
 
Hi all

First off, great forum! Especially for us beginners.

I plan on trading in the evenings to generate a second income stream (I am a software developer by day) and eventually, possibly working part time and trading part time. Using Technical Analysis (TA) and daily/weekly charts, I plan to ride the short term swings in prices, holding stock for days/weeks.

I've been paper trading for the past 3 months and things are going good so far. Starting with a $25k account, I've managed to increase it to $31k in 3 months. It's still early days of course and I would want more time to find out if it's luck or skill. So if things remain rosey in another few months, I'll be opening up a real account. I've also been reading up on TA and trading in general. Really like the books by Alexander Elder so far.

Any advice/constructive criticism welcome
 
Good evening All.
I am only new to this business, about 20 something years, full time for some years
AND STILL
I think I am new to all this !

The above is not meant to be smart or silly, just plain hard facts about the market.

A suggestion to some,
don't forget or don't spend the money you will have to pay in CGT, as it could burn some people that think they are clever.
The CGT is a factor too many just don't see till there is a bill to be paid to the ATO.

Kind regards,
UB
 
Hello All,

I'm new to the sharemarket game, started about 8 months ago and so far have made a massive 0.02% overall gain for 8 months worth of work

However i'm not complaining because i'm only trading with a small account (approx 15K) and despite many mistakes (including losing $2.5K in 2 days with a bad trade into FMG) i've managed to claw back those losses to come back with a 0.02% gain .

I can honestly say I wouldn't have been able to recoup my losses if it hadn't been for the valuable advice that has been provided by the users of this forum.

So I would like to say thank you to all members who contribute to this forum - especially the regulars and the administrators who devote so much of their spare time to provide everyone this fantastic source of information.

I hope you are all successful with your trades and reach the goals you are aspiring to achieve!
 

lol, i was down 7k on my 20k account form MQG a few months back... however im still up ~65% this year (also started about 7 months ago) so very happy with that...
 
Hi all,

I'm a 39 year-old with 11 years' experience in shares. Just started a bit of day trading recently (this year), so I'm feeling like a beginner all over again. I'm interested in healthcare stocks (being a pharmacist) and the energy sector. I currently hold stocks that are supposed to be okay, but some have copped a kicking recently!
 
Hi all,
I just start my trade in the end of last October, should have doubled my capital if i made some right decisions before (e.g. BNB). Now earning 35% two months ago but been dragged the back leg by AWB, lower my earning to 20% atm.
Still thinking to whether cut loss now or hold it for long
 
Hi All,
My name is Kiong. I have been investing for 2 year, mainly using fundamentals. I need to learn more about trading & technical analysis, currently trying to learn Amibroker.
 
Hello,

I'm very new to trading! I joined this forum cause all my internet searches was still leaving me with a few unanswered questions. Hopefully you guys and gals will be able to help to answer them!!

Cheers,

Seiko
 
Hey all!

I'm 21 and just beginning to dabble in the stock market, joined up ASF for some more education and information.
 
Hi All,

I'm 26 and relatively new to the game... My previous investments have been in property, but 2 years ago I made the mistake of putting all the proceeds from the sale of my house into managed funds when the share market was at it's peak. I've since learnt that you shouldn't investment money that you aren't willing to lose. I've been investing in the market for the past 6 months, trying to make a bit of $$ so that I can get another investment prop while the market is still low.

Current holdings are:

FLX - Felix Resources
IIF - ING Industrial
ILF - ING Real Estate Community Living
KBC - Key Bridge Capital (fingers crossed it comes good)
PBG - Pacific Brands

Eventually I'd love to be able to make larger investments and trade on a smaller % increase.

Sorry for waffling! Good luck trading Tranquility
 
Welcome once again to all the new members.

Please make sure you read the site guidelines which can be found in a link at the bottom of every page.

Also have a play with the 'Advanced Search' function, becuase if you have a question, there is a high chance it has been asked and answered before.

Happy investing/trading/learning
 
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