Julia
In Memoriam
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Welcome Centaur. How did you select your stocks?
(No obligation to tell us, of course.)
(No obligation to tell us, of course.)
Beginners - Introduce yourselves!
- Thread starter jeromejf
- Start date
Thanks Julia,
Initially I sought high profile, diversified and dividend paying stocks primarily due to the portfolio being leveraged hence the banks, AGK and WES.
In more recent times I have been attracted to stocks that I either consider value or have a year in year out record of growth.
Now operate a non leveraged portfolio for TAP, BLY, TGA (trading account) with non negotiable stop losses. Have learnt from a big mistake I made a few years ago. Made a great trade on NMS in its heyday......unfortunately then went back in and chased it all the way to the bottom. Now extremely disciplined towards TREND IS YOUR FRIEND.
tech/a
No Ordinary Duck
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How do you define trend.
At what point do you determine entry to a trend.
How and when do you determine exiting a trend
What timeframe do you trade in?
Morning all!
Just poppingf my post cherry. Have been researching the stock market, reading mutliple books and playing stock market simulators (fake money - the joys!) for a few years now. I have been talking about and wanting to get involved with for a long time and have decided its time I do something about it! Have been reading the forum for a while, great resource! Look forward to all the help and advice ;-)
Cheers
Just poppingf my post cherry. Have been researching the stock market, reading mutliple books and playing stock market simulators (fake money - the joys!) for a few years now. I have been talking about and wanting to get involved with for a long time and have decided its time I do something about it! Have been reading the forum for a while, great resource! Look forward to all the help and advice ;-)
Cheers
Tech/a,
Entry point : I'm not a physical chartist so rely visually on a trend that breaks through a determined point. Also utilize the RSI and momentum chart tools.
Exit point : work in progress but manually creep my stop position if a price trends upwards and would typically exit then.
Timeframe: I don't operate in specific timeframes other than I don't day trade.
A couple of factors I am far more capable of now are 1. Not looking to buy at the bottom. 2. Be happy taking the exit profit even if the price reboots after selling. Less emotion and attachment. My last two trades are a good example of that. NWH in at 2.59, out at 2.87, held for 8 days. AWC in at 0.66 out at 0.725, held for 30 days. Both have since rebooted a little and both are potential buys for me today. I once would never sell a stock and then pay a higher price later however now prepared to do so on its merits. Be fair to say my stock selection has evolved over the years from being 100% contrarian.
My trading plan for this financial year is for a 50:50 ratio, losses 6% average, wins 9% average (net). Well ahead of targets at this point but market has been favorable.
Tech/a, have enjoyed your posts.
tech/a
No Ordinary Duck
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Nothing wrong with that but Ill hazzard a guess and say your trading a discretionary---un tested method.
Based on "theory"---as most do by the way.
Trailing stop---again not bad --- but un tested.
Trends are everywhere 1 min to Monthly. Weekly isnt a bad start for "L" players.
When can you declare its A BOTTOM
A re entry is always a good option if trading a trend and your taken out by a tightening trailing stop.
I strongly suggest taking the time to learn or pay to test any ideas you are considering trading with substantial funds (over $50K).
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Tech, when you refer to testing ideas, are you referring to using programs such as AmiBroker, coding in all your ideas (trailing stops, entry points etc) and then backtesting it?
Steve
tech/a
No Ordinary Duck
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tech/a
No Ordinary Duck
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It's a long road but the journey of learning from your
Designing and testing will stay with you for life.
It's where many of the 5% successful traders can be found.
Modest
It's in the chart
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Hi all,
I am 23 y.o recently graduated University run two businesses that provide a decent passive income which allowed me to travel all around Europe for two months comfortably.
I got the idea of getting into all of this because pretty much every second advertisement on European TV is about Trading, Forex etc etc so I thought I'd look into it when I get home.
Here I am now - signed up for CMC Markets playing around in the Demo Account while reading the stickies and resources this site has to offer.
I am 23 y.o recently graduated University run two businesses that provide a decent passive income which allowed me to travel all around Europe for two months comfortably.
I got the idea of getting into all of this because pretty much every second advertisement on European TV is about Trading, Forex etc etc so I thought I'd look into it when I get home.
Here I am now - signed up for CMC Markets playing around in the Demo Account while reading the stickies and resources this site has to offer.
hi ive been trading for nearly two years, and still learning a lot 
have been unsure about whether or not to get into forums but think its probably a good idea ad i want to make finance a long term part of my life
strategy wise, im mostly a trend follower but am also interested in more fundamental approaches to investing as well, its good to have diversity of knowledge i think
i also enjoy the thrill, sometimes, of penny stock speculation
im aiming to work my way into trading as many markets and products as possible
broker wise, im presently with bell direct for shares, and pepperstone for forex
have been unsure about whether or not to get into forums but think its probably a good idea ad i want to make finance a long term part of my life
strategy wise, im mostly a trend follower but am also interested in more fundamental approaches to investing as well, its good to have diversity of knowledge i think
i also enjoy the thrill, sometimes, of penny stock speculation
im aiming to work my way into trading as many markets and products as possible
broker wise, im presently with bell direct for shares, and pepperstone for forex
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Hi john12,
Welcome to ASF.
You have fallen into a great forum.
No need to worry on that score.
G'day all, I'm currently not trading anything but started to go down the 21st cent emini track, but just couldn't part with the huge sums they wanted (started at 10g then 5 then when they still couldn't hook me started me off with a thousand down and a payment plan, I got the home study kit but their were some big inconsistancies when I started in their trading room). However I did begin to do some live simulator training and loved it. That was a couple of years ago though, I was put off by those guys and left it on the back burner for a while but I can see the potential and would love to learn as much as i can. I'm finding it a bit difficult to get good information thats not going to cost me my left pendulum, and I'd like to stear clear of the setups that 21st cent went with. So the Basics. What are peoples opinions on the best platforms, charts brokers etc? What are the best and most recent publications out there that a totally green newb might begin his education with? Is there anyone in Perth that might be prepared to offer a bit of guidance? I would really appreciate any advice that anyone could offer or direction to specific threads etc. Thanks heaps hope to hear from you soon 
Noob on here, go easy on me!
Hi there. Just started share trading at the ripe old age of 47. I rolled all my super into Australian Super a few months back, and signed up to the member direct investment option. My short term goals are to build my super sufficiently using the stock market, then to set up an smsf to buy a property with the proceeds. Any tips on share trading would be greatly appreciated. seems to be lots of great info on here to mull over. About to take the plunge on a few hundred rio tinto shares, also looking at ishares IKO among others. Cheers!
Hi there. Just started share trading at the ripe old age of 47. I rolled all my super into Australian Super a few months back, and signed up to the member direct investment option. My short term goals are to build my super sufficiently using the stock market, then to set up an smsf to buy a property with the proceeds. Any tips on share trading would be greatly appreciated. seems to be lots of great info on here to mull over. About to take the plunge on a few hundred rio tinto shares, also looking at ishares IKO among others. Cheers!
Hi there, I am a new member as well. Looking at setting up an smsf in the near future. Did you go through an advisor for the smsf, or did you go the diy route ie. esuper etc. I would like to go the full diy route, not that i don't trust any one, but would like to have as much control of the fund myself as possible, not relying on any body for advice etc.
Trembling Hand
Can be found on the bid
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Broker = Interactive brokers
Charts = Ninja Trader
Not so easy in a market that hasn't rewarded holders. Probably better to concentrate on preserving capital while learning how to actually trade. Pretty costly game to learn 'on the job'.
Better late then never, my mistake I almost forgot to introduce my self,
So I'm rely new to trading as in three month's new, I joined this great forum because from what I see "it's a very friendly and very informative community"
My goal in trading is to first generate capital, sell at 20% and then reinvest the proceeding profit into bigger pockets of shares,
I don't have a general trading strategy apart from my fundamental thinking, I'm doing research on different strategies and after compiling them I'll come to my own conclusion and derive a system from there.
So far I am invested in
-WPL: Due to what I knew about them and there project's they were undergoing. (green)
-AAC: I thought export cattle, just got over a drought and coming into spring. (green)
-BNE: Thought it would be an easy flip, Turns out I was wrong. (neutral)
That's me In a nut shell, so if you see me posting about come join in the banter.
Until then thank you for your time and have a fantastic day.
Regards Mr. Wilson
I almost forgot to introduce my self, So I'm rely new to trading as in three month's new, I joined this great forum because from what I see "it's a very friendly and very informative community"
My goal in trading is to first generate capital, sell at 20% and then reinvest the proceeding profit into bigger pockets of shares,
I don't have a general trading strategy apart from my fundamental thinking, I'm doing research on different strategies and after compiling them I'll come to my own conclusion and derive a system from there.
So far I am invested in
-WPL: Due to what I knew about them and there project's they were undergoing. (green)
-AAC: I thought export cattle, just got over a drought and coming into spring. (green)
-BNE: Thought it would be an easy flip, Turns out I was wrong. (neutral)
That's me In a nut shell, so if you see me posting about come join in the banter.
Until then thank you for your time and have a fantastic day.
Regards Mr. Wilson
