Beginners - Introduce yourselves!

[Vito]

Hi All,
My name is Vito and i have been trading for approx a year now I have had some good times and some very bad times which has made realise that I need to change the way I trade and develop a good trading plan.
I am currently working on a short term system and have now changed to Amibroker. This is going to be a big challenge for me considering all I know what to do with a computer is turn it on let alone programing etc.
If any one knows of any one that does tutoring in programing of amibroker etc please let me know.
I really enjoyed this forum so far and i hope I can contribute.


Vito

 

[hebrides]

Hi Everybody,

I have been trying to comprehend what everyone is talking about will get there eventually. I envisage that my first monetary foray into this rather complex world will not happen prior to January 2008

The rank is but a Guinea Stamp but a man's a man for all that

 

[jman2007]

Evening all,

er, well this intro is slightly overdue from my point of view as I've been trading throughout most of the year, and have been chucking my into a thread every now and then!

Have to say I enjoy Kennas's and Young_Traders posts immensely (these guys could basically become brokers in their own right), the novice investor can learn a lot by simply reading what the more experienced traders are saying, even if some of it might seem a bit "techie" at times!

In saying that, I always do my own research before parting with my hard-earned pingers, I find ASF very valuable in gauging possible market sentiment toward a particular stock however. I'm basically in it for the mid-long term at the moment, I don't have the nous or the inclination to make money from the "daily blips" like some people do.

My basic strategy so far has been to try and identify companies which are already prouducing/approaching imminent production, have a solid cash flow and some semblance of a track record where possible. A bit simplistic perhaps, but it has worked reasonably well so far.

Working as a Exploration Geo in the industry (pls don't ask which Company!)has also given me an interesting and valuable insight into the sector, and you soon learn that "all that glitters ain't necessarily gold"!

Cheers all
jman2007

 

[Barrw]

hi
just read jman's intro and thought i'd better do the same.
gotta agree asf is a great place to start research got a few leeds a few months ago and went from there.
joined up to try and pass somthing on myself even tho i still seem to have more questions than answers at the moment.

anyway happy trading

 

[So_Cynical]

Howdy all
I first got some shares 2 or so years ago...mixed success
Santos was my first buy...$5 something, sold 4 months later
for a 25+% profit. and thought i was pretty smart.

Really should of stuck with it. anyway here to learn
what i can from an interesting bunch of people....just found
out about CFDs yesterday and am a little exited.

 

[Ashtar]

hi all,
been trading for a year now with mixed results. some good some not so good .
glad to have found this site for some education and motivation. look forward too getting involved in the discussions.

cheers
Ashtar

 

[Quasar217]

Hi all,

Glenn from Melbourne here. I've been mainly investing in property up to now (2 investment properties, which have done very nicely).

I have had Telstra shares since the T1 float, which have done nothing for many years, and got burned on a BT managed fund after the tech wreck (it's just got back to break-even point after 6 years). Those things sort of put me off shares, but I know the need for diversification and am interested in getting into the stockmarket, initially with just a couple of thousand that I can afford to lose. I've signed up for an E*Trade account.

Any tips on where to start?

I notice everyone seems to list their portfolios using the 3-letter stock exchange codes. Is there a comprehensive list of these somewhere?

Glenn
Quasar217

 

[doctorj]

I notice everyone seems to list their portfolios using the 3-letter stock exchange codes. Is there a comprehensive list of these somewhere?

Welcome to ASF!

Below is a handy link to an excel file that's regularly updated with all the listed companies, some essential ratios (such as P/E), their codes, names etc.

http://www.ascii-data.com/stocktable1.csv

 

[iamtrueblue]

Hello all I came across this site by accident and it looks pretty good. I like some of the more experienced traders comments and input keep it up and it is nice to see that people are putting in valuable information not just ramping (Although there is some ramping).

I have been trading for about 10 years mostly through a real close relative who is a director/part owner of a large stock broking firm. Got some really good tips-Made some great profits however like us all lost some on the way. I enjoy the ride.

Never charted but that is what i really want to venture into and learn more about how to differentuate between good and bad investments by researching there company figures. (Normally get my broker to do that and also make a recommendation). I will possibly look at some day trading. I look forward to getting involved in the forum chats.

Good trading all.

 

[pliang]

Hi everyone!
My name is Peter and I am looking to start trading. I thought this was the beginners lounge but it seems like everyone already has some trading experience. I've always looked at the market but never really followed it closely. It seems like such a complicated concept but hopefully coming to this forum will clear things up for me. I've been looking for one of these for awhile and finally found one!

Just jumped around the forum reading some posts and almost everything sounds like jibberish to me. How come the stockmarket doesn't seem or look as confusing and arbitrary at uni? I guess theories never work in reality.

Does anyone have any advice to a pure amatuer and beginner? Is there anything I should read to familiarise myself? A starting pointer would be greatly appreciated.

 

[jman2007]

Hi everyone!
My name is Peter and I am looking to start trading. I thought this was the beginners lounge but it seems like everyone already has some trading experience. I've always looked at the market but never really followed it closely. It seems like such a complicated concept but hopefully coming to this forum will clear things up for me. I've been looking for one of these for awhile and finally found one!

Just jumped around the forum reading some posts and almost everything sounds like jibberish to me. How come the stockmarket doesn't seem or look as confusing and arbitrary at uni? I guess theories never work in reality.

Does anyone have any advice to a pure amatuer and beginner? Is there anything I should read to familiarise myself? A starting pointer would be greatly appreciated.

Hi Peter,

Welcome to ASF! I guess it really depends on what your current financial postion is, if you are interested in the long-term or short-term gain, and if you are prepared to ride out periods of volatility (as we all recently have!) I once read that the trick to the markets is "participation is half the battle won" and to a certain extent I believe it to be true.

Personally speaking, I had been trading a while before I stumbled on ASF, and had previously found a nice little book called "Top Resource Stocks 2007" (I can find out the authors names for you if you like) which gave me the confidence to go it alone. It is very helpful and not too techinical, and gives a one-page summary of the best performing resource companies of the last 12months, their cashflows, strengths vs weaknesses, their likely corporate strategy etc. In short it cuts out all the b$$$$$$t that you can get mired in.

Initially, I began putting in modest sums ($2500-3000) into companies that I had researched myself (many with the help of my wee book), and now have a porfolio of around 10-12 companies. You will need to decide for yourself which sectors you feel you can profit from, and go from there. As I said earlier, I tried to discover companies that were already in production, had solid cashflow and some semblance of an operating track record, and didn't appear (to me!) to be too overpriced for my modest budget.

Be careful of some of these junior spec stocks that are touting vast (for example) U reserves in some godforsaken part of the world, while it may sound like a certain winner, a vast reserve 1000's of km away from any type of infrastructure such as power, roads, fresh water, ability to fly in a skilled workforce etc isn't going to help their cause a great deal.

I can't emphasise enough trying to learn as much as you can from the more experienced traders on ASF (much more than myself). They will help you if you have done a little reserach yourself, and you could probably pm them if you want to know the finer points relating to a specific stock.

Best of luck!

Cheers
jman2007

 

[jman2007]

Hi everyone!
My name is Peter and I am looking to start trading. I thought this was the beginners lounge but it seems like everyone already has some trading experience. I've always looked at the market but never really followed it closely. It seems like such a complicated concept but hopefully coming to this forum will clear things up for me. I've been looking for one of these for awhile and finally found one!

Just jumped around the forum reading some posts and almost everything sounds like jibberish to me. How come the stockmarket doesn't seem or look as confusing and arbitrary at uni? I guess theories never work in reality.

Does anyone have any advice to a pure amatuer and beginner? Is there anything I should read to familiarise myself? A starting pointer would be greatly appreciated.

I almost forgot,

If you go the asx.com.au website, thay have a whole series of free online classes you can do, from beginner right through to advanced ones. You can find out what a broker is and does, how to buy and sell shares, and what makes the price go up and down.

I found it very helpful, because initally I was also a little overwhelmed by the amount of information I needed to learn, but the classes break it down nicely.

Have fun!
jman2007

 

[thedave]

Hi All,
My name is TheDave. I have been trading for 7 years, mainly using fundamentals. I used Marketscan for a couple of years and really liked it. I need to learn more about charting and then maybe move to Metastock.

 

[korrupt_1]

Hi Guys,

Been trading FPO stocks on Comsec for the last 2 years. Just a month I ago I stumbled upon CFD's and realised the potential. I can't believe that I only need to outlay around 10% of the same capital outlay as FPO stocks as a deposit and still have the same exposure. This means that the remaining 90% of my capital can sit in my bank account - better in my account than's comsec's i say.

Anyway, just recently, I've stumbled upon the SPI and just can't believe how awesome this market is! The volatility is amazing! Just what a day trader needs. A single day can see the index move 50-100pts!

The last two week's I've been trading the SPI and the return has been MASSIVE! Is it just my luck or have I stumbled upon a 'money printing machine'?

I now trade without stops losses... is this silly? I have been burnt a few times with stops only to see the index bounce back from where I was stopped... I did not know I had such a filthy mouth when that happened... since then, I trade without stop losses and at times have seen 200% loss in my initial deposit, but only to see it bounce back a few days later to atleast 10% return.

Anyway,.. i hope that my aggressive style of trading doesn't get me shot in the foot. I sometimes think that i might be the hare in the 'hare and tortise' story and might actually loose the race in the end if I'm not careful.

 

[DTM]

Hi all

I'm Daniel from Sydney. I started off trading options knowing nothing. After a while I eventually learned that if you don't have the capital to trade options than it becomes more risky. I learnt how to trade directionally ie betting whether its going to go up or down because I didn't have much choice. I guess in hindsight it helped me be a better trader. I spent a whole year trading full time, 20 hour days learning, researching, following world markets etc because I loved it so much. I probably learnt the most about it then.

I struggled with the usual problems with psychology ie greed then desperation, wishing then praying for it to go your way..., but after being run over by the market a few times I have a healthy respect for it. Its really helped me become a better trader.

I am passionate about the financial markets and love keeping abreast with all thats happening in the investment world. For me, its just the beginning of a life long journey and am patient in seeking what I want.

For now, I'm just a part time trader and will trade when I have a spare hour or two. Forex is my preferred instrument because of the convenience.

Trading is easier now days but seems more of a chore, not sure why.

Daniel

 

[DTM]

Hi Guys,




I now trade without stops losses... is this silly? I have been burnt a few times with stops only to see the index bounce back from where I was stopped... I did not know I had such a filthy mouth when that happened... since then, I trade without stop losses and at times have seen 200% loss in my initial deposit, but only to see it bounce back a few days later to atleast 10% return.

YOWZZEERS

Sorry, had to make that comment when I saw it.

 

[Andy_aus]

Hi all, im new too. Am about to start trading cfds, developing my own trading plan and backtesting currently. Any advice is greatly appreciated

 

[rub92me]

Hi Guys,
Anyway, just recently, I've stumbled upon the SPI and just can't believe how awesome this market is! The volatility is amazing! Just what a day trader needs. A single day can see the index move 50-100pts!

The last two week's I've been trading the SPI and the return has been MASSIVE! Is it just my luck or have I stumbled upon a 'money printing machine'?

I now trade without stops losses... is this silly? Anyway,.. i hope that my aggressive style of trading doesn't get me shot in the foot. I sometimes think that i might be the hare in the 'hare and tortise' story and might actually loose the race in the end if I'm not careful.

Playing with amazing volatility without a stop will make you lose money amazingly quickly. If you haven't done already, please read up on risk management.

 

[professor_frink]

Hi Guys,

Been trading FPO stocks on Comsec for the last 2 years. Just a month I ago I stumbled upon CFD's and realised the potential. I can't believe that I only need to outlay around 10% of the same capital outlay as FPO stocks as a deposit and still have the same exposure. This means that the remaining 90% of my capital can sit in my bank account - better in my account than's comsec's i say.

Anyway, just recently, I've stumbled upon the SPI and just can't believe how awesome this market is! The volatility is amazing! Just what a day trader needs. A single day can see the index move 50-100pts!

The last two week's I've been trading the SPI and the return has been MASSIVE! Is it just my luck or have I stumbled upon a 'money printing machine'?

I now trade without stops losses... is this silly? I have been burnt a few times with stops only to see the index bounce back from where I was stopped... I did not know I had such a filthy mouth when that happened... since then, I trade without stop losses and at times have seen 200% loss in my initial deposit, but only to see it bounce back a few days later to atleast 10% return.

Anyway,.. i hope that my aggressive style of trading doesn't get me shot in the foot. I sometimes think that i might be the hare in the 'hare and tortise' story and might actually loose the race in the end if I'm not careful.

Howdy Korrupt,

Welcome to ASF

Have you been lucky? Only time will tell. And no stops? How silly it is will depend on how much leverage you are using.

There is a thread here on ASF that discusses the SPI if you are interested-

https://www.aussiestockforums.com/forums/showthread.php?t=4876

Feel free to stop in and have a chat with some other SPI traders

 

[bergers_n_fries]

hi im daniel and i have been following the market since i was around 13-14

only recently have i begun to really take note and carefully detail what shares i would look at purchasing and have done so accordingly...

being a student and working part time it is difficult to accumulate a portfolio as quick as what i would like however with some decent planning and looking on forums such as these - might i add they are a major help...this should assist me in continuing something that has become a bit of an obsessive hobby

cheers