Beginners - Introduce yourselves!

[Skate]

Guime is my handle. I have been using AmiBroker, on and off, for several years. I have learnt a lot of syntax, logic and coding in general, but I an stuck on the latest idea where I want a specific trailing stop loss. Where/how can I attach my question and sample? Thank you. I just found this window, so I hope that it works.

@Guime, welcome to the Aussie Stock Forum. I'm positive you will find the information that you are seeking if you use the search feature & search for [Trailing Stop] by member @Trav. I'm sure it will point you in the correct direction. I have attached a few hyperlinks to get you started. T%his forum is chock full of knowledge members who are willing to help. Make the search feature your best friend

Hyperlinks to read

AmiBroker Tips and Tricks

@CNHTractor you can try this code, @Trav. code slightly modified for Norgate (NDU) @Skate, thanks for that code. Yes it gets me closer to @trav but there is a difference in that @trav exploration is at a sector level, eg $XSJ, $XMJ, etc whilst your code is at the Index level $XJO. When I run...

www.aussiestockforums.com

Weekly Portfolio - ASX

@Warr87 it would be wise to read about (State verses Pulse signals) System One Check system 1 (EMA Cross) buy criteria - Is your Buy criteria (State or Impulse) ? Quick comment "Cross" is an Pulse signal, and ">" is a State signal. If you use State signals Using a State signal ">" function...

www.aussiestockforums.com

AmiBroker Tips and Tricks

Sharing a couple of things that I learnt today and should be part of your backup, as I have learnt the hard way ( as usual ) - When creating your own snippets of code Amibroker creates a new file C:\Program Files\AmiBroker\UserSnippets.xml - When creating notes for each stock Amibroker stores...

www.aussiestockforums.com

Amibroker coding

hi, i recently purchased amibroker. the coding that you need will take a long time to learn. i have tried to use some from the afl library and they dont seem to be much good written a couple of basic ones where im using ma crossovers and in back testing im getting some decent results. using...

www.aussiestockforums.com

Amibroker FAQ

This thread is for fellow Amibroker users to help each other out. If there is a very specific project you are carrying out which is likely to deviate from a general faq type thread then you are welcome to start a new thread. There was some discussion of how to use Amibroker in one of the...

www.aussiestockforums.com

The “Dump it here” thread
Also if you have the time to read a few of my posts I’m sure you’ll want to keep reading a few more
https://www.aussiestockforums.com/posts/1005967/

Live Trading results
The "Dump it here thread" post some lively trading ideas & I regularly post some ongoing live trading results. (posted at the end of the week - Friday's after 5pm)

Enjoy looking around
If a thread interests you, read it slowly, don't fall into the trap of "speed reading" as it doesn't give you time to fully understand the post let alone the time to memorise all the important stuff. Also, don't rush the learning process of coding a Stop Loss, your financial future may depend on it.

Free eBook - Trading Fundamentals - Skate's Beginners Version eBook
https://www.aussiestockforums.com/posts/1014728/

Enjoy looking around.

Skate.

 

[Ando81]

Hi all, I’m Justin from Central Victoria. I haven’t been investing in shares for long. I picked up some cheap shares in March 2020 during the pandemic slump. So far I’ve invested in Qantas, Webjet, Pilbara Minerals & Jervois Mining. I’ve only invested a small amount in each so am not a big invester by any means. I’m just happy to hear anyone’s suggestions regarding shares and how they can grow over long term investment.

 

[Skate]

Hi all, I’m Justin from Central Victoria. I haven’t been investing in shares for long. I picked up some cheap shares in March 2020 during the pandemic slump. So far I’ve invested in Qantas, Webjet, Pilbara Minerals & Jervois Mining. I’ve only invested a small amount in each so am not a big invester by any means. I’m just happy to hear anyone’s suggestions regarding shares and how they can grow over long term investment.

Hi Justin

Welcome to the 'ASF' community
New members join our community looking to learn how to trade successfully. I know there are many members who are willing to help you with this & from my experience it pays to listen to everyone & then you decide if it’s relevant or helpful. If you don’t listen to the advice you'll forgo the right to learn.

Education is the key when it comes to trading
How to control your emotions is another. If a thread interests you, read it slowly, don't fall into the trap of "speed reading" as it doesn't give you time to fully understand the important stuff. Also, don't rush the learning process, your financial future may depend on it. Our community have some of the smartest traders around that are willing to help you.

I usually encourage new members to read the "Dump it here" thread
Also, I try to encourage new members to grab a copy of my free eBook but in your case, I'm not going to do that. All I want you to do is study the graphic below.



The “Dump it here” thread
If you are tempted to read a few of my posts I’m sure you’ll want to keep reading a few more.

The "Dump it here" thread starts here
https://www.aussiestockforums.com/posts/1005967/ just make sure you read at least five posts to give a sample of what follows.

My free eBook
Even you might decide to grab a copy of my free eBook, who knows. The eBook is in the ePub format if you were wondering.

"Trading Fundamentals - Skate's Beginners Version eBook"
I've condensed what I found of value in my trading journey so far. The eBook can be found here: https://www.aussiestockforums.com/posts/1014728/

Enjoy looking around
Also, make the search feature your best friend as "if you can think of a question", I'm sure it has already been answered.

Skate.

 

[PutMeInStocks]

Hello everybody. I'm PutMeInStocks and I am a stock noob.

Long live GameSpot !

 

[vluu75]

Hi,

I'm vluu75, new to the forum and looking to start trading in cryptocurrencies. Is there a course or someone worthwhile following anyone can recommend?

All your help is appreciated.

 

[Warr87]

there are a few places like Udemy that have courses on trading crypto. Also depends if you want to trade it with fundamentals or technical. are you trading futures contracts? CFDs? all pairs? just BTC?

 

[vluu75]

there are a few places like Udemy that have courses on trading crypto. Also depends if you want to trade it with fundamentals or technical. are you trading futures contracts? CFDs? all pairs? just BTC?

Hi,

thanks for your reply.

yes bought a crypto course from Udemy.

just btc alt coins atm cause i like the fact it is 24/7.
Trading us markets to hard due to the timezone difference.

 

[Melimental]

@Guime, welcome to the Aussie Stock Forum. I'm positive you will find the information that you are seeking if you use the search feature & search for [Trailing Stop] by member @Trav. I'm sure it will point you in the correct direction. I have attached a few hyperlinks to get you started. T%his forum is chock full of knowledge members who are willing to help. Make the search feature your best friend

Hyperlinks to read

AmiBroker Tips and Tricks

@CNHTractor you can try this code, @Trav. code slightly modified for Norgate (NDU) @Skate, thanks for that code. Yes it gets me closer to @trav but there is a difference in that @trav exploration is at a sector level, eg $XSJ, $XMJ, etc whilst your code is at the Index level $XJO. When I run...

www.aussiestockforums.com

Weekly Portfolio - ASX

@Warr87 it would be wise to read about (State verses Pulse signals) System One Check system 1 (EMA Cross) buy criteria - Is your Buy criteria (State or Impulse) ? Quick comment "Cross" is an Pulse signal, and ">" is a State signal. If you use State signals Using a State signal ">" function...

www.aussiestockforums.com

AmiBroker Tips and Tricks

Sharing a couple of things that I learnt today and should be part of your backup, as I have learnt the hard way ( as usual ) - When creating your own snippets of code Amibroker creates a new file C:\Program Files\AmiBroker\UserSnippets.xml - When creating notes for each stock Amibroker stores...

www.aussiestockforums.com

Amibroker coding

hi, i recently purchased amibroker. the coding that you need will take a long time to learn. i have tried to use some from the afl library and they dont seem to be much good written a couple of basic ones where im using ma crossovers and in back testing im getting some decent results. using...

www.aussiestockforums.com

Amibroker FAQ

This thread is for fellow Amibroker users to help each other out. If there is a very specific project you are carrying out which is likely to deviate from a general faq type thread then you are welcome to start a new thread. There was some discussion of how to use Amibroker in one of the...

www.aussiestockforums.com

The “Dump it here” thread
Also if you have the time to read a few of my posts I’m sure you’ll want to keep reading a few more
https://www.aussiestockforums.com/posts/1005967/

Live Trading results
The "Dump it here thread" post some lively trading ideas & I regularly post some ongoing live trading results. (posted at the end of the week - Friday's after 5pm)

Enjoy looking around
If a thread interests you, read it slowly, don't fall into the trap of "speed reading" as it doesn't give you time to fully understand the post let alone the time to memorise all the important stuff. Also, don't rush the learning process of coding a Stop Loss, your financial future may depend on it.

Free eBook - Trading Fundamentals - Skate's Beginners Version eBook
https://www.aussiestockforums.com/posts/1014728/

Enjoy looking around.

Skate.

Thanks very much for this guide Skate, exactly what I’ve been looking for to get a handle on investing.

 

[latchdragon]

Hi, I'm Lach
2020 August was my first time ever at 45 to buy shares.
so far I am -6% and with trading fees probably less. That's with with the 20% of savings I have invested.

I have another 80% of savings I invested with a managed fund and that has done very well at 20% return.
I teach in China.

 

[Skate]

Hi, I'm Lach
2020 August was my first time ever at 45 to buy shares.
so far I am -6% and with trading fees probably less. That's with with the 20% of savings I have invested.

I have another 80% of savings I invested with a managed fund and that has done very well at 20% return.
I teach in China.

Hi Lach, welcome to our community.

There is never a good time to start trading
Luck & timing plays a significant role in the performance of any portfolio & as they say "there is never a good time to start trading". Traders need to be aware of the significance "luck & timing" will have when trading a new strategy. The starting date can have a big bearing on the performance of a strategy in the short term but hopefully, things will settle over the longer term.

Mate, it takes time
All trading strategies take time to develop as the markets especially in turmoil around the time you decided to take the plunge. Be patient with the performance of your trading endeavour & let's hope for the best. In the meantime, check out the "Dump it here" thread where only today I posted information that may be beneficial for you to read.

Dump it Here

Skate.

www.aussiestockforums.com

Losing is always upsetting
Losing 70% of my profits this year was upsetting, to say the least so I understand where you are coming from. Dropping 19.76% of my equity whilst knowing the markets had dropped roughly 30% didn't help. Even when you have your emotions under control it still has a corrosive effect to some degree.

Example of my equity curve for the period you mentioned
In this game, you need "Patience & Persistence". Also, education plays a big part as well. The "Dump it here" thread is a thread that aims to educate. Early 2020 wasn't pretty & around August my trading also took a dip (just when you dipped your toes in)


Enjoy looking around
If a thread interests you, read it slowly, don't fall into the trap of "speed reading" as it doesn't give you time to fully understand the post let alone the time to memorise all the important stuff - just don't rush the learning process your financial future may depend on it.

Free eBook - Trading Fundamentals - Skate's Beginners Version eBook
https://www.aussiestockforums.com/posts/1014728/

Enjoy your stay

Skate.

 

[DFENS]

Hi Everyone,

My name is Ben and I am new to these parts. Been trying to learn about swing trading and day trading on my own through reading book, internet and demo account. I have some Aussie high dividend shares via the commsec pocket app but have been trying to trade with other shares via platforms such as ig.

Great to find this forum.

Thanks

 

[Joe Blow]

Hi Everyone,

My name is Ben and I am new to these parts. Been trying to learn about swing trading and day trading on my own through reading book, internet and demo account. I have some Aussie high dividend shares via the commsec pocket app but have been trying to trade with other shares via platforms such as ig.

Great to find this forum.

Thanks

Hi Ben, welcome to ASF! There's plenty of content in the archives about swing trading and day trading, so I recommend doing searches to track down content you are interested in. If you can't find content on a particular topic then feel free to start a new thread in the appropriate forum.

Otherwise, don't be afraid to just jump in and start posting in any threads that interest you. Debate and discussion are the name of the game here and we encourage all members to participate in any threads that interest them.

If you have any questions about how things work around here, please don't be afraid to ask. I am always happy to assist in whatever way I can.

 

[pozindustrial]

I am 70, live in Melbourne, been in business most of my working life, not done spectacularly - too innovative, but own my home in a well-heeled suburb, have a bunch of grown-up children and grandkids, still working, regularly putting aside investing capital, been fiddling with my super fund categories and preparing for continued investing in the hope that I will be making a comfortable, passive income in ten years. Excellent health so I hope to be cognitive and active at 100! That means money to last 30 years.

Have read some great information about general stock market investing since the crash in 1987 and have a realistic view, but no knowledge on active trading. Joined this forum in March 2020, got confused with jargon etc. started to invest six mths later, it took time to set up accounts, understand something about the markets, develop a strategy, investing budget and much more. A couple of weeks ago I found some threads here that have helped tremendously. There are many more which will take time to explore. This forum is more than I had hoped for.

 

[Skate]

@pozindustrial welcome to our community. Being of similar age I've found it's never too late to learn. I know there are many members who are willing to help but from my experience, it pays to read the threads that interest you & then you decide if it’s relevant or helpful.

How long are you going to live?
I'm glad you included this in your posts as it's an important consideration when it comes to wealth building or wealth preservation. So, how would you invest if you knew you could live another 30 years after retiring? - Once you retire at 65 all the current advice is to invest conservatively but if you’re planning on living for another 30 years - investing conservatively may not be the best advice.

Money dictates the quality of our life
It’s a shame more people don’t take a greater interest in trading or investing because both are a lot less complex than most people think. Investing or trading in the stock market has some risk, as do all asset classes that offer good long-term returns, however, risks can be minimised & returns can be magnified with the right strategy. Financial independence is really about creating an extraordinary quality of life that can have a significant effect on everything from our health to our relationships.

Great post-by-the-way.

Skate.

 

[pozindustrial]

Thanks Skate, I want strong growth, I want high returns, I do not need income for maybe 10 years and I don't want any risk at my age.

That is what I am looking for, but of course completely unreasonable so if I get 30-50% of that I would be very happy.

Yes, I think it is a big mistake to retire and invest conservatively, I don't want that.... and I do want that (maybe ETFs later). Only time will tell how I go, but my risk tolerance is not very high, so I will be quite careful looking for the best returns. Can't wait.

 

[finicky]

@pozindustrial
If you haven't done so, I'd recommend getting familiar with basic charting software. Even if you are not convinced with so called 'technical analysis' (reading the chart of a company's share price) it helps to make decisions and take action, whether it be right or wrong. Most online brokers provide free charting but for someone beginning I think https://bigcharts.marketwatch.com/ is pretty good - I still use it after 20 years.
Use prefix AU: for ASX stocks, e.g BHP Ltd is AU:BHP, codes not case sensitive. Use the 'advanced chart' option and play around with chart size, durations, indicators to get familiar. You might already be up with this.

 

[pozindustrial]

I appreciate your suggestion finicky. I get charts from my discount broker, but I will look at bigcharts too. I think I will invest in some software after I cover more of the basics in various tutorials at the Beginners Lounge area and am able to know more about the various software available. Thanks.

 

[goushter]

Hello, my name is Ivan and I am new here. I have traded Forex but I now consider turning to stocks. Are they little riskier than Forex? How do you trade them - long term or on daily basis?

 

[daily_juice]

G'day, daily_juice here, I am a stock newb and have been trading on the ASX for the past 8 months, I am currently holding positions in PLS, NIC and OSH. Looking to learn from everyone here, I am also keen to look into trading the US Markets soon, any help/suggestions regarding brokerage platforms that are usable from Australia would be much appreciated. Happy Trading and lets get some green days.

 

[Gunnerguy]

G'day, daily_juice here, I am a stock newb and have been trading on the ASX for the past 8 months, I am currently holding positions in PLS, NIC and OSH. Looking to learn from everyone here, I am also keen to look into trading the US Markets soon, any help/suggestions regarding brokerage platforms that are usable from Australia would be much appreciated. Happy Trading and lets get some green days.

Welcome to ASF @daily_juice

Gunnerguy